waste

Environmental Services in Serbia: A Growing Economic Segment in 2025

In 2025, Serbia's environmental services and circular economy activities transitioned into a significant revenue-generating segment within the national economy. Although still relatively small compared to sectors like manufacturing or energy, this sector demonstrated a unique financial profile characterized by policy-driven demand, steady cash flows, moderate capital intensity, and margins increasingly influenced by compliance capacity rather than commodity prices. This year marked a pivotal shift from pilot initiatives to viable business models for investors and operators. The environmental services sector encompasses…