Despite promising economic growth forecasts for Serbia and the region, domestic capital markets face significant challenges that demand attention, asserts Nikola Seneši, a financial expert and founder of a real estate consulting company, NAI WMG.
Speaking at the Balkan Financial Forum, Seneši highlights the pressing issue of low liquidity plaguing stock markets in the region. He emphasizes that the Belgrade Stock Exchange struggles to become a growth engine for the domestic economy due to inadequate liquidity, which deters investment funds from participation.
Seneši acknowledges recent initiatives aimed at revitalizing the market, such as infrastructure development and the emergence of private brokerage houses. However, he underscores the importance of broader changes, including increased corporate bond issuance and initial public offerings (IPOs), to drive market growth.
While Serbia’s economic trajectory appears dynamic, Seneši urges cautious optimism, citing uncertainties surrounding global economic trends. He notes the country’s resilient economy but emphasizes the need for continued support from the government and stakeholders to sustain growth momentum.
Ultimately, Seneši believes that market revitalization hinges on investor confidence and opportunities rather than forced intervention. He remains hopeful that with the right conditions, Serbia’s capital markets will flourish, contributing to the country’s economic prosperity.
