Marko Čadež, President of the Serbian Chamber of Commerce (PKS), stated that despite current challenges surrounding NIS, Serbia’s domestic economy continues to grow, with increasing exports and strengthened regional economic cooperation. He emphasized that major technological events are being attracted to Serbia, supporting the country’s transition toward a knowledge-based economy.
Čadež explained that the issues with NIS stem from global geopolitical disruptions, for which the Serbian government had prepared by ensuring sufficient reserves of oil products. He highlighted that the situation is monitored hour by hour and that both PKS and the government have been addressing this issue since February. The availability of oil products remains a top priority for economic stability.
He noted that the temporary shutdown of the NIS refinery affects related industries, including petrochemicals and the production of plastics, requiring companies to adjust production processes and maintain competitiveness. Čadež stressed the importance of resolving NIS ownership issues quickly to restore normal economic operations, acknowledging the government’s efforts to support suppliers financially and maintain continuity.
Despite global economic challenges, Serbia continues to increase exports to European markets, including Germany and the wider region, even as foreign direct investment has slowed slightly. Čadež emphasized that European companies are gradually finding new supply chains and solutions, which benefits Serbia due to its economic integration with the region.
Highlighting the country’s economic shift, Čadež pointed out that Serbia’s largest export product over the past decade has been software and ICT services, marking a transition from a labor-intensive to a knowledge-based economy.
Regional cooperation was also emphasized, with a major business forum in North Macedonia hosting over 400 companies, fostering cross-border partnerships. Recent events, such as the wine fair in Belgrade, also showcased strong collaboration between Serbian and North Macedonian businesses.
Looking ahead, Čadež stressed the importance of Cluster 3 integration with the EU, enabling faster and more functional economic inclusion for Serbia and the Western Balkans. Serbia’s attractiveness to international companies is further demonstrated by the upcoming GITEX technology fair, which will be held regularly in Belgrade starting in 2027.
