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Banks in Serbia reduced number of employees but increased profit 30-fold
Banking has been a strong and profitable industry in Serbia for years. Back in the day, they were the most desirable employers because of their high salaries. Over time, however, much has changed: from the number of banks to the number of workers to the total change in business strategy. Profit, however, had been growing […]
Lutovac: “Vučić wants to impose his value system through school books”
President of the Democratic Party, Zoran Lutovac, said that the President of Serbia, Aleksandar Vučić, is trying to impose his political influence and value system by launching the initiative for the state authorities to write the Serbian language, history and geography textbooks in the future. “Entrusting state authorities, i.e. an obedient textbook publisher, with writing […]
Freedom House report: “Erosion of political and civil liberties in Serbia”
Serbia and the US are among 25 countries where political and civil liberties have recorded the most significant fall in the last decade, the Freedom House (FH) says in its report ‘Freedom in the World 2021 – Democracy Under Siege’. The report also says „that the annual gap between losses and gains widened in 2020, […]
Serbian IT sector ranks 7th in Central and Eastern Europe
In terms of the IT sector, Poland is the most competitive of the 23 countries in Central and Eastern Europe, and Serbia, although at the top when it comes to talent, is not among the top 5 countries in the region, according to Emerging Europe’s research on the future of the IT sector. A survey […]
Half a million people in Serbia live in absolute poverty, government reduces social security benefits
The Centre for Democracy Foundation said on Tuesday that half a million people in Serbia live in absolute poverty and more than two million people live at risk of poverty or social exclusion. The organization’s researcher Sarita Bradas told the Beta news agency that those people don’t have the money to meet basic needs, adding […]
Nearly 3/4 of young men in Serbia in favour of mandatory military service
Almost ¾ of young men in Serbia are in favour of reintroducing mandatory military service and almost 40% of them would go to war voluntarily to fight for their country, are the results of the research conducted by the House of Win agency, Blic daily reports. About 24% of the respondents oppose the return of […]
Turkish automotive company to build a factory in South Serbia
A Turkish company which produces rubber parts for Mercedes-Benz has visited 13 towns in Serbia, with the town of Leskovac piquing their interest – said the Mayor of Leskovac, Goran Cvetanovic. Earlier, Cvetanovic confirmed that he was about to meet with a Turkish company that is interested in building a new factory in Vranje, Bojnik […]
The largest feed company in the Western Balkans to arrive in Sid
The Municipality of Šid has signed an agreement for alienation of publicly owned building land to be given to the Hungarian company UBM FEED, the largest animal feed company in the Western Balkans. Mayor of Šid, Zoran Semenović, is very satisfied with the new investment, and the new factory will be located in the industrial […]
Swiss textile company Albiro building a logistics centre in Užice
The Swiss textile company Albiro, which has recently acquired the Kadinjača textile factory in Užice, plans to establish a logistics centre in Užice that would cover the entire region, the company’s owner, Benedikt Schweighart, has said. “The company’s short-term goals are to stabilize the production, to expand our client base and launch new products. Our […]
Japan’s Nidec chooses Novi Sad to invest over two other European cities
The Japanese company Nidec, a producer of electric motors, has already opened a company in Serbia, as unofficially confirmed for B92.net. The arrival of this automotive giant has been announced in Novi Sad, and the company is allegedly to invest around USD 1.9 billion in the construction of the factory. As unofficially confirmed for B92.net, […]
Germany’s MTU to start building its factory in Serbia this year
Leading German aircraft engine manufacturer, MTU Aero Engines, will begin construction of its new repair facility at an industrial park near Belgrade’s Nikola Tesla Airport this year, with the opening scheduled for 2023, the EX-YU Aviation News portal reports. “This industrial park definitely has growth potential. It could well attract our suppliers and partners,” Rainer Becker, Project […]
30% of Austrian companies in Serbia would invest again
A department for foreign trade promotion of the Austrian Chamber of Commerce, Advantage Austria Beograd said that, despite 40% of the surveyed companies that operate in Serbia have had their revenue reduced (during the pandemic), 30% planned to invest even more in the next 12 months.“The great majority of companies have kept the same number […]
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