Serbia in Focus.
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Clear, data-driven news and analysis on Serbia’s business and policy landscape — connecting local developments with global relevance.

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Serbian Household Borrowing Rises 18.1% to RSD 2.21 Trillion

Household borrowing in Serbia continued to expand, with outstanding bank loans reaching RSD 2,211.71 billion at the end of October,…

Serbia’s railway pipeline stalls as contracted Stalac-Djunis work remains unstarted

The European Commission says uneven preparation and implementation are slowing Serbia’s railway investment pipeline. Work has not started on the…

European Commission identifies oversight weakness in Serbian transport projects

The European Commission identified the timely availability of qualified, independent supervising engineers as a critical weakness in Serbian transport projects.…

Serbia expands AI infrastructure as commercialisation hurdles persist

Serbia upgraded its national supercomputing platform and launched an AI Factory Antenna in May 2026. Low research spending, limited venture…

Serbia uses around 10% of EU grant for Nis-Merdare motorway

By the time of the European Commission's 2026 assessment, dated 4 November, Serbia had used around 10% of approved EU…

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European Commission flags Serbia’s energy infrastructure as industrial constraint

The European Commission says outdated energy infrastructure and serious sector gaps are constraining Serbia's industrial competitiveness as electricity demand rises and renewable generation expands. Modernisation will be needed as the…

European Commission flags Russian energy exposure as Serbia investment risk

The European Commission’s 2026 assessment identifies Serbia’s reliance on Russian gas and…

Serbia adopts 2026 electricity rules, EU market coupling still pending

Serbia adopted legislation in 2026 to transpose the Electricity Integration Package, moving…

Serbia’s Industrial Export Competitiveness Faces Energy and Carbon Compliance Challenges

Serbian manufacturers seeking to expand exports to the European Union face growing…

Serbia Develops 500 MW Gas Power Project With SOCAR Near Niš

Serbia is advancing plans for a major gas-fired power plant near Niš,…

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Serbian Corporate Lending Reaches EUR 21.5 Billion Amid Stable Credit Exposure

Bank lending to Serbian companies exceeded RSD 2.52 trillion (approximately EUR 21.5 billion) at the end of October, accounting for slightly more than half of the country's total outstanding loans.…

Serbia’s Bank Loan Arrears Decline to 1.8% Despite Credit Growth

Serbia’s banking sector recorded a decline in overdue loan payments to 1.8%…

Serbian Household Cash Loans Reach EUR 9.2 Billion After 17.6% Annual Growth

Outstanding cash loans to Serbian households reached RSD 1,079.44 billion (approximately EUR…

Serbian Bank Lending Expands 14.9% as Household Borrowing Drives Growth

Serbia’s total outstanding bank loans to households and businesses reached RSD 4,840.69…

Serbia’s 18 providers process cheaper SEPA euro transfers

Eighteen payment service providers in Serbia began processing SEPA credit transfers in…

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Serbia SMEs account for 99.4% of firms, exports stay concentrated

SMEs made up 99.4% of Serbian businesses in 2024, while roughly two thirds of exports remained concentrated in larger foreign-owned companies. The European Commission’s report points to supplier development as…

Serbia Seeks Higher Domestic Value from Foreign Investment and Industrial Projects

The contribution of foreign direct investment to Serbia's economy is increasingly being…

Serbia’s Services Exports Increase 7%, Expanding Sources of Foreign Revenue

Serbia recorded approximately 7% growth in services exports during the first nine…

Aerodrom Nikola Tesla Reports Higher Profit After €31.5 Million Capital Increase

Aerodrom Nikola Tesla increased revenue and net profit during the first nine…

MOL’s Proposed NIS Acquisition Could Reshape Southeast Europe’s Oil Market

Hungary is seeking to complete negotiations over the transfer of the Russian-controlled…

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European Commission warns Serbia’s investment model risks concentrating growth

The European Commission says Serbia's centralised investment decisions and fragmented regional development framework risk concentrating growth and infrastructure benefits in…

Serbia services generate roughly 70% of value added as industry share falls

Services generate roughly 70% of Serbia’s gross value added, while industry’s GDP contribution fell to about 20.3% in 2025. Manufacturing…

Serbia invests 0.93% of GDP in R&D, below EU average

Serbia invested 0.93% of GDP in research and development in 2024, compared with the EU average of 2.24%. The shortfall…

EU urges Serbia to adopt unified public-investment planning framework

The European Commission says Serbia plans major growth-enhancing investments centrally and in a fragmented, opportunistic way. It calls for a…

Serbia’s innovation reaches 60.4% of EU average as capital limits growth

The European Commission says very limited venture capital constrains Serbian companies’ growth and the country’s ability to turn research and…

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Serbian Exporters Pursue New Markets as EU Accounts for 58.1% of Trade

Serbia's merchandise exports reached EUR 26.89 billion during the first nine months of 2026, increasing by 8.9% year on year, while the European Union continued to dominate the country's external…

Serbia’s bank-dependent firms face limited long-term funding alternatives

Serbian companies have few alternatives to bank financing for longer-term funding, the…

Serbia’s 5.8% labour-cost appreciation squeezes exporters’ price competitiveness

Serbia’s unit-labour-cost measure appreciated by 5.8% in 2025, making domestic production more…

Serbia’s 11.3% wage growth widens exporter competitiveness risks

Serbia's wages are rising faster than productivity as its real exchange rate…

Serbian Exporters Look Beyond Europe as Goods Trade Reaches EUR 59.45 Billion

Serbia recorded EUR 26.89 billion in goods exports and EUR 32.56 billion…

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