The Serbian Ministry of Mining and Energy and Russian gas company Gazprom have signed an agreement on the construction of LNG stations in Serbia. In March, the Serbian government said it was considering the construction of four LNG-powered plants.
Belgrade will not initiate arbitration against Pritina because of the enormous fees imposed on products from Serbia, but it has been decided to apply contraction that are currently being considered.
President Aleksandar Vučić confirmed that he had launched the initiative for Serbia to increase its gold reserves to “provide Serbia with security and more secure future in the circumstances of potentially downward trends in financial markets.”
As the only Central and Southeast (CSE) country Estonia moved from a position of a Moderate Innovator into a group of Strong Innovators in the European Innovation Scoreboard 2019 (EIS) prepared by the European Commission (EC).
Sarajevo hosted the annual meeting of the European Bank for Reconstruction and Development (EBRD). It attracted political and economic stakeholders of the Balkan region.
In November 2018, German car giant Volkswagen announced the opening of a big car factory, which would be the main plant for the production of various car models in the Central and Southeast Europe.
The West has long eyed Russia as its chief rival in the Western Balkans, but it should look closer at China. The EU is responsible for more than 60 per cent of the total FDI, Chinese FDI remains low, accounting for only 3 per cent.
Recent celebration of ten years of the Vienna Initiative was another reason for the deeper financial integration of the emerging European countries. Vienna Initiative is a framework for safeguarding the financial stability of emerging Europe.
During the 26th Kopaonik Business Forum the main topic was the condition of Serbian economy ten years after the great global economic crisis. Serbia needs 185 years to reach an average purchasing power of the EU if its economic growth rate stays the same.
Without several reforms Serbia will not be able to develop its economy. The rule of law and control of corruption are one of the biggest economic problems.