construction sector

Serbia’s Construction Activity Slows as Project Execution Faces Delays

Serbia’s construction sector started 2026 with weaker activity despite a broad pipeline of infrastructure, energy, commercial and residential projects. The index measuring the value of completed construction works stood at 68.6 in the first quarter of 2026, compared with 70.1 in the same period of 2025 and 71.9 in the first quarter of 2024. The decline was limited in percentage terms, but the data indicate that announced investment projects are not translating into completed works at the expected pace. Procurement…