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Economy

Navigating Serbia’s e-commerce boom: Trends, drivers, challenges and logistics wins (2026-2028)

Serbia's e-commerce sector is charging ahead with double-digit growth potential through 2028, fueled by digital savvy consumers and infrastructure upgrades. From market forecasts to...

China’s €14 billion footprint in Serbia raises questions over transparency and economic balance

Serbia’s deepening economic partnership with China has reached a scale that is increasingly reshaping the country’s industrial base, infrastructure landscape, and fiscal dynamics. Yet...

Serbia’s dinarization drive loses momentum as foreign currency debt regains ground

Serbia’s long-standing effort to anchor its public finances more firmly in the domestic currency is showing signs of fatigue. After more than a decade...

Serbia’s economic model reaches its structural limits

Serbia’s economy is entering a phase where the growth model that has driven expansion over the past decade is showing clear signs of exhaustion....

Business climate, digitalization and AI in Serbia, 2026

Serbia’s business environment in 2026 is increasingly defined by a dual narrative: on one hand, the country faces headwinds from slower global demand and...

Labor market and wages in Serbia, 2026

Serbia’s labor market in 2026 presents a picture of tightness and structural tension: unemployment is relatively low, real wages are rising, yet employers in...
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FINANCE

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Serbia’s economic outlook in 2026: Investment-led growth amid global uncertainty

Serbia’s economic trajectory in 2026 reflects a period of controlled resilience shaped by investment-driven expansion, structural reforms, and deepening integration into European supply chains....

Serbia’s industrial output contracts as automotive surge masks broad structural weakness

Serbia’s industrial sector entered 2026 under visible pressure, with total production declining by 4.7% year-on-year cumulatively in the first two months, marking a clear shift...

Chinese financing and contractors drive Serbia’s Expo 2027 investment surge

The build-out of Expo 2027 in Belgrade is evolving into one of the largest coordinated investment cycles in Southeast Europe, with Chinese lenders and construction groups...

Logistics and corridor infrastructure become central to Serbia’s export competitiveness

As Serbia’s economy becomes more deeply integrated into European supply chains, the role of logistics and transport infrastructure is evolving from a supporting function...

Serbia’s chemical industry balances export momentum with cost pressures and capital constraints

Serbia’s chemical, rubber and non-metal industries are entering a more complex investment phase, where export strength and industrial relevance are increasingly offset by cost...

From volume to value: Serbia’s industrial strategy shifts toward targeted sectors

Serbia’s industrial strategy is undergoing a quiet but decisive transformation. For much of the past decade, growth was driven by volume—expanding production capacity, attracting...
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ENERGY

Energy

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Production

Serbia’s industrial economy in 2025–2026: Slowing production, export expansion and structural pressures

The Serbian economy entered 2026 in a complex macroeconomic position defined by modest growth, structural shifts in its industrial base, and growing sensitivity to...

Serbia’s industrial production in 2025: Growth slows to 0.9% as external demand softens and domestic shocks intensify

Serbia’s industrial sector ended 2025 with growth, but only narrowly so. The headline figure from the February 2026 edition of MAT – Macroeconomic Analyses and Trends is that total industrial...

Industrial production decline highlights structural challenges in Serbia’s manufacturing sector

Serbia’s industrial sector experienced a difficult start to 2026, with industrial production declining by approximately 9 % year-on-year in January. The contraction was largely...

Serbia’s steel industry in 2026: Production recovery, export integration and the future of industrial metals

The steel industry remains one of the most strategically significant segments of Serbia’s industrial economy. Despite representing a relatively concentrated segment of manufacturing, the...

Black Horse restarts production and returns to the market

The Serbian battery manufacturer Black Horse has officially restarted production at its plant in Sombor, marking the company’s return to the market and the...
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