industry growth

Serbia’s industrial production skyrockets amidst Eurozone downturn

While industrial production in the Eurozone and the European Union experienced significant declines in January, Serbia saw a remarkable surge of 6.9 percent, marking its highest growth rate in the last three decades, according to Eurostat data. The impressive growth in Serbia's industrial sector is attributed primarily to the manufacturing industry, which recorded a remarkable 6.7 percent increase, alongside a substantial rise of 11.7 percent in the electricity and gas supply sector. Economy Minister Slobodan Cvetković credits the growth to…