services sector

Serbia’s Current Account Improves as Services and Remittances Strengthen External Balance

Serbia’s external position recorded a significant improvement in early 2026, with the current-account deficit narrowing sharply during the first quarter, supported by stronger services inflows and higher remittance transfers, according to MAT data. The current-account deficit declined to €179.3 million in January–March 2026, representing a 72.5% year-on-year reduction. The improvement was driven by a reduced goods deficit, a rising services surplus of €778.2 million, and remittances totaling €913.2 million, which increased by 31.8% compared with the same period last year.…