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China to supply turbines for Eastern Europe’s largest wind farm in Serbia

Chinese wind-turbine manufacturer Dongfang Wind Power has signed a contract to deliver 48 wind turbines for a 300 MW wind power project in Serbia, with a total...

MAT warns that NIS weakness is dragging down Serbia’s industrial performance

The performance of Serbia’s industrial sector in 2025 was shaped less by broad macroeconomic conditions and more by the operational disruption of a single...

Consumer goods, retail and automotive distribution in Serbia in 2025: Volume growth, margin pressure and A split market

Consumer goods, retail and automotive distribution in Serbia delivered solid top-line performance in 2025, but financial outcomes diverged sharply across sub-segments. Foreign-owned chains maintained...

Telecommunications in Serbia in 2025: High cash generation, heavy investment and sustained market power

The telecommunications sector remained one of the most financially resilient and cash-generative segments of the Serbian economy in 2025, combining stable recurring revenues with...

Foreign-owned IT and digital services in Serbia in 2025: Growth, margins and export impact

The information technology and digital services sector confirmed its position as Serbia’s strongest performing foreign-owned segment in 2025, not only in terms of growth...

Financial performance of electricity trading companies in Serbia in 2025

Electricity trading in Serbia in 2025 was financially meaningful not because of extraordinary windfall margins, but because of scale, turnover velocity, and balance-sheet discipline. The...

Serbia’s M&A scoreboard 2025 and the shape of capital to 2030

Serbia’s 2025 mergers and acquisitions cycle did not look dramatic if measured purely by deal count. It did not resemble a classic boom year,...

EPS between reversible hydropower and gas plants: Flagship projects that never cross the point of no return

Within EPS power utility company the story of repeated feasibility does not stop with classical hydropower. It becomes even more pronounced when looking at projects...

Air Serbia expands beyond recovery and enters a new growth phase

Air Serbia has moved decisively beyond post-pandemic recovery and into a structurally different phase of development, marked by network expansion, higher aircraft utilisation and...

Lenders in the Serbian economy: Industries, flagship projects and the institutions shaping capital allocation and long-term risk

Lenders in Serbia do not operate in an abstract macroeconomic space. Their balance sheets are tied to specific industries, named projects and identifiable corporate groups,...

How SEE’s refining map is being redrawn — and why Serbia’s future now depends on Pančevo and MOL

The oil refining landscape in Southeast Europe is one of the most strategically sensitive industrial systems in the region, because after electricity and natural...

NIS real value far above stock market price amid sanctions and sale talks

In assessing the financial worth of Serbia’s largest oil company Naftna Industrija Srbije (NIS), recent commentary from market professionals suggests that headline figures based...

Hungarian freight expands in Serbia with acquisition in Serbian railway sector

Hungary’s CER Cargo Group, one of the leading freight rail operators in Central and Eastern Europe, has signed an agreement in Belgrade to acquire...

Yettel mobile operator announces merger with state owned SBB and expansion of 5g network in 2026

Yettel’s Chief Executive Officer, Mike Michel, said that the company will continue the rollout of its 5G network across Serbia in 2026 and that...
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