energy costs

Serbia Construction Sector Faces Renewed Pressure From Fuel and Material Costs

Serbia’s construction industry is entering a more challenging cost environment as higher prices for imported fuel, metals, chemicals and construction-related materials increase pressure on project budgets. Imported refined petroleum products rose 23% year on year, while imported basic metals increased 5.7%, wood products 2.9%, chemical products 4.1% and non-metallic mineral products 1.1%. Imported electronic and optical equipment, which is becoming increasingly important in modern buildings and infrastructure systems, was 4.4% more expensive compared with the previous year. The latest cost…