working capital

Serbian Companies Cut Foreign Loan Liabilities as Trade Credit Claims Increase

Serbian companies significantly reduced their foreign financial-loan liabilities in the first half of 2026 while increasing funds tied up in trade credits and advances, according to data from the September edition of the Macroeconomic Analyses and Trends bulletin. Companies recorded a €1.32 billion net reduction in financial-loan liabilities, compared with net foreign borrowing of around €1.13 billion in the same period of 2025. The shift represents a year-on-year change of almost €2.46 billion in the position of Serbian companies toward…