exports

Serbia’s Foreign Investment Base Drives Higher Dividend Outflows

Serbia’s expanding stock of foreign investment is creating a larger flow of dividend payments to overseas shareholders as foreign-owned companies mature and generate profits. The primary-income deficit widened by about €621 million year on year in January-July 2026, with higher dividend expenditure contributing to the deterioration. This was partly offset by a €441 million improvement in the secondary-income surplus. Foreign Investment Enters a More Mature Phase Serbia attracted €24.4 billion in foreign direct investment between 2020 and 2025, with almost…