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Serbia focuses on advanced technological tools to boost business competitiveness

The Serbian Chamber of Commerce (PKS), along with its team of experts, is working on developing cutting-edge technological tools that will help companies in their daily operations and make them more competitive, announced PKS President Marko Čadež. “We are focusing on helping companies with technology, creating as many practical tools as possible that they can use in all processes, starting with procurement. We need to adapt as the world around us changes. Our organization will become smaller and more efficient, relying more on technology to help all companies implement technical solutions,” said Čadež, according to PKS.

In an appearance on RTS, Čadež also highlighted the shortage of labor as one of the main challenges facing both Serbia’s economy and other global economies.

He noted that demographic trends are unavoidable and that nearly every country faces a workforce issue. Serbia is working to address this through the reform of dual education, aiming to better prepare young people for the workforce immediately after school. “Every investor demands dual education,” he said.

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Čadež also emphasized that Serbia’s economy is closely tied to that of the European Union, which is facing structural issues but is not expected to experience major challenges or disruptions, instead focusing on recovery. He believes that the past year has been positive for the Serbian economy.

“We saw record investments, received an investment-grade credit rating, and became recognized as a safe country for investment, which has made it easier for our companies to access capital. New free trade agreements with China, Egypt, and the UAE have opened doors to markets with 2.8 billion consumers, and in the first 10 months, exports to China increased by 54 percent,” he added.

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