trading

Capital markets in Serbia are underdeveloped, companies mainly rely on banks

The government bond market in Serbia functions relatively well, but other segments of the capital market, such as the corporate bond market or the stock market, are currently still negligible. Between 2020 and 2024, only 11 companies issued a total of 32 corporate bonds, with a nominal value of 942 million euros. All but one company did so through private placement, according to the analysis of the law firm BDK advokati.  Only one corporate issuer, Energoprojekt Holding ad Beograd, listed its bonds…