industrial economy

Serbia’s Industrial Economy Transitions to Carbon-Adjusted Financing

Serbia's economy is adapting to a more complex financial landscape marked by reduced European demand, increasing energy costs, carbon-border adjustments, and stricter industrial financing conditions. This shift is altering the nation’s traditional export-led growth model, emphasizing new factors that influence industrial competitiveness. The primary drivers of this transformation indicate that labor costs and low taxation are no longer the sole determinants of Serbia's industrial competitiveness. Instead, elements such as electricity sourcing, carbon intensity, environmental, social, and governance (ESG) alignment, and…