industry development

Serbia announces €400 million industrial support initiative to boost production

The Serbian government has unveiled a €400 million industrial support initiative designed to restore production levels to those last recorded in 2022. This program comes in response to a decline in manufacturing output and external pressures that have affected the country's industrial base. This financial package will be implemented through a combination of direct subsidies, liquidity support, and targeted incentives aimed at specific sectors. The government’s concern over the slowdown in industrial activity during 2023–2025, particularly in energy-intensive industries such…