Serbia’s economy posts 13.7% growth in Q2

Serbia’s gross domestic product  (GDP) rose 13.7% year-on-year in the second quarter of 2021, following an upwardly revised 1.8% growth in the previous three-month period, according to data released by the National Statistical Office on Tuesday (Aug. 31). That was the fastest pace of expansion since the last quarter of 2001, boosted by a rebound in activity and demand following the reopening

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National Bank of Serbia keeps benchmark rate unchanged

The National Bank of Serbia (NBS) kept its key policy rate at 1.0%  during its August meeting, as expected. The central bank’s Executive Board noted that economic activity indicators since the start of the year have exceeded expectations – according to a flash estimate by the the Statistical Office- GDP grew 13.4% y-o-y in Q2, as a result of continued positive trends

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Almost one in three companies in Serbia had no employees in 2020

A new survey by CompanyWall commissioned by the Biznis.rs portal has just revealed that almost one in three Serbian businesses, or 31,465 companies, had no employees in 2020. Most of the companies without a single employee are active in the wholesale and retail trade sector (9,578), the manufacturing industry (4,820), in the professional, scientific, innovation and technical sector (3,892) and the construction

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EBRD doubles forecast for economic growth in Serbia

Serbia is expected to see its economy increasing by 6% in 2021, the European Bank for Reconstruction and Development (EBRD) said on Tuesday (June 29), doubling its 3% projection from September 2020. The London-based lender expects Serbia’s economic growth to slow to 3.5% in 2022. “In the first quarter of 2021 GDP grew by 1.7 pct y-o-y, underpinned by a strong recovery

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