industrial expansion

Serbia’s Industrial Sector Faces New Constraints

The industrial sector in Serbia, a significant player in Southeast Europe, is now experiencing growth limitations that extend beyond traditional factors such as labor costs and market access. Instead, the availability of energy and the depth of capital markets are becoming critical determinants of industrial output. While factories remain operational and exports are robust, the underlying structural changes indicate a shift toward constraints based on system capacity rather than demand. Currently, industry contributes approximately 23% to Serbia's GDP, with export-oriented…