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National Bank of Serbia holds the line at 5.75% as the credit cycle cools

Serbia entered 2026 with monetary policy deliberately unchanged: the National Bank of Serbia kept the key policy rate at 5.75%, maintaining the corridor with...

Credit demand softens as corporates delay investment decisions in a high-rate environment

The most telling feature of Serbia’s credit landscape in 2025 was not stress or contraction, but hesitation. Corporate credit demand softened markedly as firms...

Serbian banks maintain profitability as credit growth moderates and risk pricing resets

Serbia’s banking sector closed 2025 in a position of visible financial strength, but the composition of that strength changed materially over the year. Profitability...

EBRD invests over €800 million in Serbia in 2025

The European Bank for Reconstruction and Development invested more than €800 million in Serbia during 2025, marking one of its strongest annual commitments in the country to date...

Serbia’s domestic bond issuance in early 2026: €680 million raised in five weeks

Serbia entered 2026 with an unusually front-loaded reliance on the domestic dinar bond market, using January and early February to secure a substantial share...

Serbia: €200 million 15-year EUR bond — duration, yield risk positioning

Serbia’s announced €200 million issuance of long-dated euro-denominated government securities with a maturity in 2041 is best read as a liability-management and curve-extension transaction...

A bankable framework for financing €600 million in industrial safety upgrades in Serbia

The estimated €600 million minimum requirement for upgrading industrial safety across Serbia can be transformed from a compliance obligation into a bankable, cash-flow-defensible investment...

DinaCard and domestic payment economics: How Serbia’s banks retained more than €200 million inside the financial system

Serbia’s national card scheme, DinaCard, has evolved from a payments-policy instrument into a material balance-sheet and competitiveness factor for the domestic banking sector. As cashless...

Basic pharmaceutical producers in Serbia record strong profit growth in 2024

Manufacturers of basic pharmaceutical products in Serbia recorded strong financial results in 2024, with the sector posting solid revenue growth and rising profitability despite...

Serbia raises nearly €99 million through ten-year government bond auction

Serbia has successfully raised approximately €98.6 million through the sale of ten-year government bonds at a recent auction, according to data released by the...

No evidence of contract annexes or price increase clauses found for Morava Corridor motorway

An examination of official government documentation has found no publicly available evidence that the contract for the construction of Serbia’s Morava Corridor motorway has...

CBAM risk integration in Serbian banks with EU capital background

EU-owned and EU-supervised banks operating in Serbia are increasingly exposed to CBAM not because Serbian law imposes direct CBAM obligations on them, but because...

AikGroup secures €344 million MIGA guarantee to expand ESG lending capacity

Regional financial group AikGroup, which includes AikBank as a core banking unit, has obtained a significant multi-year guarantee from the Multilateral Investment Guarantee Agency (MIGA), part of...

Timeline for restoring card payments at NIS fuel stations comes into focus

Restrictions on card payments at fuel stations operated by Naftna industrija Srbije (NIS) remain one of the most visible day-to-day effects of international sanctions on Serbia’s...
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