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Serbia Advances as Nearshore Engineering and R&D Hub for European Companies

Serbia’s technology sector generated €4.552 billion in ICT services exports in 2025, marking a 10% increase from the previous year and producing a sector surplus of €3.529 billion. Supported by approximately 115,000 employees and more than 4,000 companies, the industry has become one of the country’s most significant export contributors, expanding beyond traditional outsourcing services into applied research and development, engineering and specialized technology delivery. The evolution is taking place as European companies increasingly seek nearshore partners capable of handling…