The country has free trade agreements with the European Union, Russia and the Eurasian Economic Union as well as Turkey and the United States. EU membership will open up new opportunities but might close others, Radoš Gazdić, Head of Strategic Investment Department, Development Agency of Serbia, tells Emerging Europe. He also announces the roadshow Serbia is planning in September, for across the UK.
For the economies of emerging Europe, the international economic environment appears generally positive. In 2017-2018, GDP growth in the Euro area is expected to hover at around 1.7 per cent. The international financial markets have stabilised and the current economic mood is improving. Because of the global recovery, the US Fed is expected to increase interest rates further in 2017, while oil prices are likely to rise. In the EU, disbursements from the payments’ cycle of the European Structural and Investment Funds are only just beginning, indicating higher co-financed investments in the Central and Eastern European EU member states (EU-CEE) from this year onwards.
When Serbia started excavating the first lignite mine in the Kolubara coal basin, and constructed the first lignite fired power plants, built with Soviet technology, in the 1950s, electrification was at the cutting edge of industrialisation and the development of the Yugoslav economy. The lignite mines in Kolubara were among the largest in Europe, producing 30 million tonnes of coal. Together with a second mining basin in Kostolac, these two lignite fields supplied the fuel for 55 per cent of Serbia’s power generation capacity. In the 1970s and 1980s coal-fired power plants were built in Obrenovac, including the two huge units of the Nikola Tesla B power plant; built to supply the whole of Yugoslavia. Continue reading Greener and More Resilient: Energy Sector Reforms in Serbia for the Benefit of All
The European Commission has been preparing a technical communication that focusses on waste-to-energy (WtE). It aims to explore the opportunities this offers, particularly with regard to the synergies between resource and energy efficiency. The communication was scheduled to be published at the end of 2016 together with the reviewed Renewable Energy Directive. Continue reading The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects
The global economic environment continues to be challenging. The ‘wounds’ inflicted by the global financial crisis of 2008 have not yet healed completely and world economic growth remains rather subdued. This particularly applies to the advanced countries and especially to the Euro Zone, which is the most important trading partner for the Eastern European countries. Continue reading Are Labour Shortages Driving Economic Growth?
Emerging Europe Live is a series of engaging studio panel discussions about topics relevant to the region. The first episode in the series is entitled CEE: The Outsourcing Destination and premiered on 25 April 2016. The programme excerpts are available below. Continue reading Emerging Europe Live: CEE — The Outsourcing Destination
CEE’s presence at MIPIM has evolved over the years, says Béatrice Gravier, Commercial Director, MIPIM & MAPIC Markets, in a video interview with Emerging Europe.
In November 2009, the European Union adopted the Concept on Strengthening EU Mediation and Dialogue Capacities. In this document, which is the first policy document exclusively dealing with mediation and dialogue, the EU formulates the ambition to systematically enhance its mediation capacities and to strengthen its overall ability to engage in non-military conflict prevention and crisis management missions. The Concept represents the main conceptual and policy reference for the EU’s approach to mediation and spells out different roles and guiding principles of EU mediation. Continue reading What the Belgrade-Pristina Dialogue Says About the EU’s Role As a Peace Mediator
Almost every single economy in emerging Europe implemented at least one reform in the last year to improve their business environment. In consequence, as many as 16 economies in the region are featured in the Top 50 of the World Bank’s Doing Business 2016 report. Emerging Europe speaks to Rita Ramalho, Manager of the World Bank–IFC Doing Business, who has compiled a resume about the emerging Europe region especially for us, about how the reforms introduced have helped make doing business easier across the region. Continue reading World Bank’s Doing Business Report 2016 Resume For Emerging Europe
Over 150 business people and political leaders from Bosnia and Herzegovina, Croatia, Serbia, Slovenia, Macedonia and Montenegro took part in the 5th Regional Conference Business Plus, whose title was “Economy builds bridges”, held on 3 July 2015 in Mostar, Bosnia and Herzegovina. Continue reading Economy builds bridges in Mostar
American Ametek opened in a new factory for the production of small engines in Subotica, a city in northern Vojvodina, Serbia. By the end of 2015, the facility is set to employ 150 workers and produces 1.5 million engines per annum. This factory will produce electric motors of low power and high efficiency, which are installed in a variety of household appliances. The products from this factory will be intended for export, mainly to Europe, and then Asia and the market. According to Erik Sausiņi, General Manager of Ametek Group Europe, the facility is the first phase of a larger investment in Subotica. Continue reading Ametek opened a new factory in Subotica
Over the past several years, Serbian economy has experienced growth due to strong foreign investment and continuous improvement of its business environment. And the improvement of Serbia’s overall business climate was certainly not left unnoticed and unappreciated by the investors.