building permits

Serbia’s Construction Permits Point to Larger Investment Projects

Serbia’s construction pipeline expanded sharply, with the estimated value of permitted works rising 73.7% year-on-year as larger projects entered development. The country issued 2,751 building permits, an increase of 8.6% from July a year earlier, according to the Statistical Office. The substantially faster growth in project value indicates a significant increase in the average size and capital intensity of newly permitted developments. Compared with June, the total estimated value of projects covered by new permits increased by approximately 46.6%. Building…