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Serbia grants €5.9 million subsidy for Marriott Hotel construction in preparation for EXPO 2027

The Ministry of Economy has awarded its first subsidy under a decree enacted at the end of last year, aimed at funding the construction...

Expiration of interest rate cap on housing loans may lead to higher payments for borrowers

As the end of the year approaches, the temporary cap on interest rates for housing loans is set to expire, and experts predict that...

Serbia’s real estate market sees record high prices and sales in Q2 2023

In Serbia, the second quarter of this year saw the highest apartment prices recorded in Belgrade, with the most expensive unit selling for €9,125...

Foreign investment trends in the Western Balkans: Opportunities and challenges ahead

Foreign companies are increasingly attracted to the Western Balkans due to several key factors: a favorable geographical location, a skilled workforce and relatively low...

Power China inaugurates Gornji Milanovac bypass, strengthening Serbia-China economic ties

Liu Shaoqien, the general director of Power China for Eurasia, expressed great honor during the inauguration of the bypass around Gornji Milanovac, emphasizing the...

Securities Commission grants investment society license to Alta Bank, boosting Serbian financial market

The Securities Commission of Serbia has approved a license for Alta Bank a.d. Belgrade to operate as an investment firm. "This issuance of a license...
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Editor's pick

Plant engineering, design, permiting, construction, commissioning, operation, role of OE

Plant engineering is a complex discipline encompassing various activities throughout the project lifecycle—from conceptual design and feasibility studies to construction, commissioning and operation. The...

EPC FIDIC contracts, Owners Engineer supervision of works for compliance and quality 

The role of the Owner’s Engineer (OE) in supervising EPC/FIDIC contracts is indeed pivotal for project success. Here's a concise breakdown of the OE’s...
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Production

Uncertainty surrounds start date for new “Grande Panda” production in Kragujevac

The production of the new "Grande Panda" model in Kragujevac has not been postponed, but its start date remains unclear. Although there were indications...

Preliminary agricultural data: Serbia’s 2024 crop production faces decreases

As of September 5, 2024, Serbia's wheat production reached approximately 2.90 million tons, reflecting a 15.9% decrease compared to the previous year, according to...

Mioni Factory unveils new facility, doubling production capacity and enhancing sustainability

The Mioni Factory, a leading producer of mineral water and soft drinks, inaugurated its new production facility in the village of Ključ near Mionica....

Serbia’s industrial production sees slight growth in August 2024 amid sector variations

Industrial production in Serbia increased by 0.9% in August compared to the same month last year, but was down 0.8% from the 2023 average,...

State affairs

Government of Serbia allocates €170 million for electric vehicle subsidies

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Requests for subsidies to purchase brand-new electric vehicles must be submitted by October 31, with detailed instructions available on the Ministry of Environmental Protection's...

Serbia’s Government introduces new criteria for public company transformation

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The Government of Serbia has adopted a Decree outlining the criteria for transforming public companies into capital companies. According to the Decree, public companies...

Serbian farmers prepare for protest as government fails to address demands

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The deadline of 15 days given to the Serbian government by united agricultural associations to begin addressing their demands has passed. These demands were...

Serbia proposes 2024 Budget Amendments to boost family support and infrastructure development

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The Government of Serbia has approved the Draft Law on Amendments to the Budget Law for 2024, projecting total planned revenues of 2,173.4 billion...

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