In recent years, the business scene in Serbia has seen a significant increase in activity, and the key players in this trend are Russian companies and entrepreneurs. In the first few months of 2023 alone, almost 2,000 new companies, whose founders are Russians, were founded in Serbia. Since January last year, the number of new companies and entrepreneurs from the Russian Federation has exceeded 6,000.
One of the most significant factors in this trend is the growing popularity of coworking spaces. These spaces provide “virtual office” and “hot desk” services, which enable users to easily register a company and rent workplaces as needed. According to data from one of the most popular coworking spaces in Belgrade, The Office Belgrade, even 60% of their clients are Russians. This data not only testifies to the high demand for this type of space among the Russian business community, but also indicates the key role that coworking spaces play in supporting this extraordinary growth trend.
In addition, coworking spaces like The Office Belgrade have seen increased demand for their meeting spaces, as Russian companies want to provide high-quality spaces for business meetings and conferences.
The growth of Russian companies in Serbia has not only resulted in increased demand for workspaces, but has also fueled a significant increase in the need for professional services such as bookkeeping and legal services. This trend is particularly visible in Belgrade, where more and more Russian companies are moving and expanding their operations.
In The Office Belgrade, the demand for bookkeeping services is particularly significant. During the last year, over 500 requests for these services were recorded, which is an indication of how integrated Russian companies are in the local economic infrastructure.
The largest number of Russian companies that were founded in Serbia during 2023 are engaged in non-specialized wholesale trade, computer programming and consulting activities related to business.
The Russian “business boom” had a positive impact on the domestic economy. Self-employed entrepreneurs bring income, spend locally, pay contributions, pensions, profit tax and value added tax. In addition, the increased demand for workspaces has revolutionized the real estate market, raising property values and fueling the growth of the construction industry.
In addition, the arrival of Russian entrepreneurs in Serbia led to a revolution in the real estate market. Demand for office space has soared, while real estate prices have increased due to higher demand. This has not only increased property values, but also fueled the growth of the construction industry.
In light of these trends, it seems that Serbia will continue to use these new opportunities brought by the arrival of Russian entrepreneurs. As these relations continue to develop, it is expected that the Russian “business boom” will continue to bring positive changes in the Serbian economy, contributing to the overall economic growth and development of the country.
