Five most important economic/business events this week

The end of this month is not rife with economic/business events, considering that the holiday season has already started.

However, there are several important events that will take place this week – official opening of the Belgrade bypass, the formation of the first Serbian supercluster, new rules regarding e-invoices, some of the largest global economies will publish the latest newest inflation data while Serbian Statistics Office will publish data on industrial production, external trade and tourism.

Opening of the Belgrade bypass

Final construction works are underway on one of the most important construction projects in Serbia – the Belgrade bypass. According to public enterprise Putevi Srbije (Roads of Serbia), the tunnel pipes are being paved and lighting is being installed in the Beli Potok tunnel. A safety fence, anti-noise walls, traffic signals and green areas are being erected around the Avala interchange. The ring road is 47 kilometres long and the maximum permitted speed is 120 kilometres an hour.

New e-invoicing rules as of July 1st

The new Electronic Invoicing Rulebook, which elaborates on solutions such as the method and procedure of registration for access to the electronic invoice system (SEF), enters into force on July 1. From that date onwards, it becomes mandatory to issue e-invoices, as prescribed by the European Union Directive no. 2014/55/EU from 2014 on electronic invoicing in public procurement.

The last day of June is the deadline for submitting the regular annual financial report, as well as voluntary audits to the Business Registers Agency (APR).

Inflation, economy, business climate

This week we will find out about June’s business climate index from the German Ifo Institute. The latest inflation data will be published by the Japanese central bank, and price growth data in Italy, Germany, France and Australia, as will consumer expectations in the European Union. On Friday, the EU is due to publish the latest consumer price index and the unemployment rate, while the day before, the United States of America will reveal data on the economic activity in the first quarter of this year.

Serbia to get its first supercluster

After the four technological domains with the greatest development potential – High technology in agriculture and the food industry, Gaming environment and virtual reality, Web 3 and blockchain technologies and Advanced solutions in medical technology and biotechnology – were selected under the auspices of the Serbia Innovates project, which is implemented by the US Agency for International Development (USAID) and the ICT Hub, these pilot superclusters gathered relevant actors and started working on developing their respective fields.

It’s been a year since then and now we are waiting to see which supercluster will show the greatest potential and the best results. The four projects will be pitched in front of the jury on June 26 and 27th after which the best supercluster will be selected.

New statistical data

The State Statistics Office will publish this week the industrial production index and the data about external trade, as well as relevant tourist data for the same month. We will also find out the average earnings per employee in April 2023 and the average external trade price indices for the first four months of this year. The statistical data enrolled and graduated students in 2022, budget allocations for science and the total number of transported passengers and goods during the past year will also be published.

(, 26.06.2023)

This post is also available in: Italiano

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