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Policy & State

Policy and state news covering government decisions, regulation, public sector reforms, economic policy, state-owned companies and institutional developments affecting business.

Serbia–EU relations in 2025: Money, market access, geopolitics, and the slow grind of accession

By the end of 2025, Serbia’s relationship with the European Union looked like two different stories running in parallel, each true at the same...

Serbia Tax Administration reports growth in public revenue collection in first 11 months of 2025

Serbia’s Tax Administration has announced that it collected 2.701 trillion dinars in public revenues in the first 11 months of 2025, marking an increase...

Serbia’s €1.15bn Q1 bond issuance signals fiscal continuity, not emergency financing

Serbia will enter the international and domestic debt markets in the first quarter of 2026 with a planned issuance of €1.15 billion in government bonds,...

Serbia’s national financial strategy: Taxes, debt, banking and investment capability in the decisive decade

Serbia’s national financial strategy in the decade from 2025 to 2030 is not abstract economic planning. It is the real business of managing tens...

The capacity of the Serbian state and economy to finance modernisation between 2025 and 2030

Serbia in 2025 stands at a rare macroeconomic inflection point: a fiscally credible, politically stable, financially deepening economy that now faces some of the...

Investor base for Serbian sovereign bonds in 2025: Detailed ownership structure and market trends

In 2025 Serbia’s sovereign debt market has matured into a diversified landscape where multiple investor classes co-exist, each with distinct motivations, balance-sheet constraints and...

Discipline, credibility and Asian leverage: Why Singapore may be the smartest financial and strategic partner Serbia has not yet fully activated — and what...

Some countries matter because they buy what you produce. Others matter because they build what you cannot. Singapore matters for a completely different reason:...

The quiet European financial engine: Why Luxembourg may decide how Serbia finances its future — and what this means for 2026

Luxembourg does not build highways across Serbia. It does not pour concrete, lay rail, erect wind turbines, finance steel plants, buy land, or dominate...

North Atlantic quiet strength: How Canada is becoming one of Serbia’s most strategically valuable — but still underestimated — economic partners

Among all Serbia’s bilateral economic relationships, few are as under-discussed relative to their real strategic importance as the one with Canada. Canada is not...

Strategic but contentious: Serbia–Israel trade between hi-tech opportunity, arms exports and a fragile 2026

Few of Serbia’s bilateral economic relationships combine as much strategic opportunity and political sensitivity as the one with Israel. What was for years a...

Long-distance value: How Serbia and Australia are quietly turning diaspora links into real economic flows

On paper, Serbia and Australia are too far apart, too differently positioned and too asymmetrical in scale to be natural economic partners. Trade volumes...

A multi-vector economy in a fragmenting world: How Serbia is monetising great-power competition — and what it must protect in 2026

To understand Serbia’s external economic strategy in 2025, one must first accept a fundamental truth about the international system: the world is fragmenting. Power...

Extended single market: How far Serbia’s EU economic integration can realistically go before formal membership — and what that means for 2026

Serbia in 2025 lives in a paradox: it is not a European Union member, yet for much of its economy, it might as well...

Beyond soy and symbolism: Where Serbia fits in Latin America’s shifting trade landscape — and why even small numbers can matter

Latin America does not dominate Serbia’s trade map. It does not provide massive foreign investment flows or anchor critical energy supply chains. It does...
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