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Energoprojekt exit deepens the trust deficit in Serbia’s equity market

The Serbian state’s decision to sell its entire 33.89 per cent holding in Energoprojekt Holding has allowed the company’s majority owner to cross the 90 per cent...

Electronic vehicle documentation creates an immediate customs and registration test

Vehicle manufacturers in the European Union have been required since 5 July 2026 to make certificates of conformity available as structured electronic data through the EUCARIS...

DPM prepares Serbia’s Čoka Rakita gold mine using processing equipment transferred from Bulgaria

Canada-based DPM Metals, formerly Dundee Precious Metals, is moving Čoka Rakita from feasibility work towards physical project delivery, with plans to dismantle processing equipment at...

German SGB-SMIT takes control of Serbia’s Comel Transformatori as European grid investment accelerates

German transformer manufacturer SGB-SMIT Group has agreed to acquire a majority stake in Comel Transformatori, giving the Serbian industrial company a strategic international owner at a time...

Serbian companies brace for renewed cost pressure despite lower inflation

Serbia’s headline inflation rate may have eased, but the country’s corporate sector is not yet convinced that the cost shock has passed. Companies are...

Expo 2027 shifts attention from construction volume to delivery discipline

Preparations for Expo 2027 Belgrade, scheduled from 15 May to 15 August 2027, are entering their most execution-sensitive period. The exhibition site and directly supporting infrastructure...

MOL’s NIS acquisition becomes Serbia’s principal energy-security transaction

The proposed transfer of 56.15 per cent of NIS to Hungary’s MOL remains Serbia’s most consequential corporate transaction. The stake held by Gazprom Neft and Gazprom...

Expo procurement creates a concentrated opportunity for construction and service companies

Expo 2027 is moving from a public-infrastructure programme towards a broader commercial supply cycle. Serbia expects more than 130 participating countries, six million visitors and...

Petrohemija’s losses expose the industrial consequences of the NIS transaction

The ownership and sanctions uncertainty surrounding NIS extends beyond Serbia’s fuel market. NIS owns 90 per cent of HIP-Petrohemija, while the Serbian state retains the...

Serbia and Elbit move towards a defence-manufacturing joint venture

Serbia is preparing a combat-drone manufacturing venture involving state arms group Yugoimport-SDPR and Israel’s Elbit Systems. Public statements have described the project as a roughly equal partnership,...

SGB-SMIT acquisition gives Serbia’s transformer industry a route into Europe’s grid investment cycle

Germany’s SGB-SMIT Group has agreed to acquire a majority stake in COMEL Transformatori, bringing a profitable Serbian electrical-engineering company into an international transformer group at a time...

Serbian companies borrow faster as euroisation and blocked accounts remain material risks

Corporate borrowing accelerated in early 2026 as Serbian companies sought financing for investment, working capital and higher operating requirements. The expansion supports economic activity,...

Pharmaceutical import deflation changes Serbia’s healthcare procurement equation

Serbia’s pharmaceutical sector presents one of the most favourable combinations in the June data. Imported pharmaceutical prices fell 4.1% year on year and 5.9% from December 2025,...

Beverage import inflation creates room for Serbian producers

Imported beverage prices rose 7.5% year on year in June 2026 and stood 7.5% above December 2025. The first-half average increased 5.6%, making beverages one of the clearest...
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