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Increasing Demand for Solar Panels: Over 3,000 Prosumers in Serbia, Including Monasteries

Growing Number of Prosumers in Serbia

 

The number of electricity consumer-producers, known as prosumers, in Serbia has been steadily increasing each year. According to data from Elektrodistribucija Srbije, there are currently 3,028 registered prosumers, with households making up the majority, using this method to reduce their energy bills.

 

 

Impact of the Energy Crisis

 

The energy crisis triggered by the conflict in Ukraine has led to rising prices for gas, oil, and electricity, prompting many to consider alternative energy sources, primarily solar energy.

 

 

 

Cost and Investment in Solar Panels

 

The cost of installing solar panels in Serbia varies depending on several factors, including system size and roof type, but it generally ranges from €1,000 to €1,200 per installed kilowatt. Therefore, a six-kilowatt solar system would require a minimum investment of €6,000.

 

 

Rising Interest in Solar Energy

 

Interest in solar panels has surged in recent years, as noted by Vujica Samailović from Noleko, a company specializing in the installation of solar panels, construction of solar power plants, and the production of electricity from renewable sources for over a decade. According to Samailović, “There is a transition towards green renewable sources, and there is high demand for green energy both in Serbia and the region. Our company handles the construction and installation, with panels mostly being imported. Generally, there are two types of solar panel investments—ground installation and roof installation. Our primary clients are companies installing panels on their roofs to save costs, but there is a growing number of private individuals investing in green energy, thanks to state subsidies, installing solar panels on their homes and cottages.”

 

 

 

Future Market Predictions

 

He further believes that while current interest is significant, it might not last indefinitely. “I think the market expansion will continue until 2030, after which capacities will decrease, and consumers will turn to other renewable sources,” he says.

 

 

 

Installation Considerations and Types of Systems

 

When installing solar panels, it is crucial to understand that the square footage of the heated space is less important than the number of consumers within it. Technology now allows for the use of solar energy on multiple floors of a house without needing solar energy on each floor, allowing for flexible usage. Unlike traditional methods where large appliances (washing machines, dryers, boilers) are used at night, with solar energy, the rule is to use as many appliances as possible around noon.

There are two types of solar systems: grid-tied and battery-based. If a consumer has electricity and wishes to reduce their monthly electricity bills, they use a grid-tied system—everything produced by the solar panels is immediately consumed. Battery-based solar systems, which include batteries for storing energy, provide independence from the existing grid and are primarily used in locations without electricity access.

 

 

 

Understanding the Prosumer Status

 

The prosumer status was introduced into Serbian legislation in 2021. According to current regulations, prosumers produce electricity for their own needs using solar power plants, and excess energy generated during sunny days is fed into the grid.

There are currently about three thousand prosumers in the country, and this number is growing monthly. Households dominate, but producers also include monasteries, schools, and kindergartens.

 

 

Overcoming Early Challenges in Solar Energy

 

According to previous reports and data from UNDP, two main obstacles previously hindered the expansion of solar energy use. Early photovoltaic units were sensitive to local climate factors like extreme heat, humidity, and sand, which could reduce the amount of energy they produced. Recent technical advancements in manufacturing more durable solar panels mean that photovoltaic units can remain efficient even in harsh conditions. Additionally, in the early stages of solar energy development, the cost of producing electricity from solar panels was significantly higher than other energy sources. Technical improvements over the past decade have substantially reduced these costs, making the mass production of photovoltaic solar power plants economically viable and widely applicable.

 

 

 

Serbia’s Path Towards Energy Decarbonization

 

As a country aspiring to join the European Union, Serbia is obligated to align its energy development vision with EU member states, aiming to decarbonize its energy sector by 2050 by phasing out coal use, as stated by the Minister of Energy, Dubravka Đedović Handanović.

Paradox on the real estate market: Prices in the EU are falling, but not in Serbia

According to the latest report of the Nekretnine.rs portal, the advertised prices of square meters in Serbia continued to grow in March, although at a much lower rate than in the last few years.

The largest individual increase in prices in Serbia was recorded in Niš, in the Pantelej neighborhood, where a square meter soared by 2.94 percent, to 1,540 euros on average. In the rest of the city of Nis, Bulevar Nemanjića recorded an increase of 1.8 percent, Durlan a decrease of 3.63 percent, and Palilula an increase of 1.73 percent.

 

The highest increase in the price of a square meter in Novi Sad was recorded in Podbara, by 2.34 percent, and the current price is 2,575 euros. The city center recorded a decrease of 0.71 percent, Novo naselje a decrease of 3.14 percent, and Grbavica an increase of 0.07 percent.

In Kragujevac, the price per square meter did not change during March, and is 1,400 euros. In Pančevo, there was a decrease of 0.92 percent and the price per square meter fell to 1,404 euros.

 

 

Real estate price trends in Belgrade

 

When it comes to Belgrade, the prices per square meter rose steadily in March. Thus, in the city center, the price per square meter increased by 0.58 percent to 3,465 euros per square meter. As for the rest of Belgrade, the prices per square meter were as follows:

 

  • Novi Beograd: growth of 0.87 percent: 2,672 euros
  • Mirijevo: growth of 0.26 percent: 1,905 euros
  • Palilula: growth of 0 percent: 2,424 euros
  • Voždovac: growth of 1.96 percent: 2,600 euros
  • Vračar: growth of 0.5 percent: 3,415 euros

 

According to the latest data from the Republic Geodetic Authority and the five largest real estate agencies, the drop in turnover in the first quarter of 2024 will most likely be around 42 percent. Although with a drop in transactions was expected to be followed by a drop in prices, but this is not happening. Only in January of this year in Belgrade, three large companies reduced the prices of new apartments by 15 percent for three municipalities.

The number of advertisements by investors for the sale of apartments increased eight times in the media, but without results. The decline in turnover and sales has continued, and this year it is expected to amount to as much as 70 percent. Experts estimate that real estate is overvalued by 30 percent, so they expect it to fall by that much in the spring of 2025.

 

 

 

Real estate prices in Europe

 

According to the latest Eurostat data, real estate prices in Europe in 2023 fell for the first time in the last decade. The value of residential square meters decreased by 0.3 percent in the entire European Union, and by 1.1 percent in the Eurozone.

Among the member states for which data is available, the biggest drop in real estate prices of 14 percent was experienced by Luxembourg, Germany by 7 percent and Finland by 4 percent. The highest increase in the value of square footage was recorded in Poland by 13 percent, Bulgaria by 10 percent and Croatia by nine percent. Stable prices were recorded only in Italy.

 

 

Sources:

https://www.nin.rs/ekonomija/vesti/46842/pad-prometa-nekretnina-iz-2023-nastavla-se-iu-ovaj-godini-srpski-stambeni-paradoks

https://www.blic.rs/biznis/nekretnine/evo-kako-su-se-kretale-cene-kvadrata-u-srbiji-u-martu/qsv9gxn

https://www.nekretnine.rs/magazin/2185/opale-cene-nekretnina-u-zemljama-evropske-unije-u-srbiji-jos-uvek-visoke-povoljnji-kvadrati-se-jos-cekaju/

 

 

What Agreements Have the Presidents of China and Serbia Signed?

Chinese President Xi Jinping concludes his two-day visit to our country today. Xi led a large delegation on his first visit to Europe since the outbreak of the pandemic in 2019. After visiting France and Serbia, the President of China will head to Hungary.

 

Following a closed meeting between the Presidents of Serbia and China and the official encounter between the delegations of the two countries’ governments, a signing ceremony for a joint statement and the exchange of signed bilateral documents took place.

 

At the beginning of the ceremony, Chinese President Xi Jinping and Serbian President Aleksandar Vučić signed the “Joint Declaration on Deepening and Elevating the Comprehensive Strategic Partnership and Building a Community with a Shared Future for Serbia and China in the New Era.”

 

 

A total of 28 bilateral documents were signed:

 

  1. Extradition Agreement between Serbia and China
  2. Agreement on Judicial Assistance in Civil and Commercial Matters
  3. Memorandum of Understanding for Establishing a Coordination Mechanism to Monitor the Implementation of the Mid-Term Action Plan for Joint Construction of the Belt and Road Initiative
  4. Memorandum of Understanding and Cooperation in the Field of Green and Sustainable Development
  5. Memorandum of Understanding and Strengthening Cooperation in the Field of Digital Economy
  6. Protocol for the Improvement of the Agreement on Economic and Technical Cooperation in the Field of Infrastructure
  7. Memorandum of Understanding and Cooperation in the Field of E-commerce
  8. Agreement on Cooperation and Mutual Assistance in Customs Matters
  9. Memorandum of Understanding on Cooperation in Preventing and Controlling Avian Influenza
  10. Protocol on Phytosanitary Conditions for the Export of Fresh Blueberries from Serbia to the People’s Republic of China
  11. Protocol on Inspection, Quarantine, and Health Requirements for the Export of Dried Plums from Serbia to the People’s Republic of China
  12. Memorandum of Understanding on Cooperation for Poverty Alleviation through Science and Technology
  13. Memorandum of Understanding and Cooperation in the Field of Information and Communication Technologies
  14. Agreement on Radio and Television and Online Audio-Visual Cooperation
  15. Memorandum of Understanding in the Field of Geology and Mining
  16. Program of Cooperation in the Field of Culture
  17. Joint Statement on the Official Establishment of the Chinese Cultural Center in Belgrade
  18. Memorandum of Understanding on Cooperation in Innovation in Research and Peaceful Uses of Outer Space
  19. Memorandum of Understanding on Cooperation at the International Lunar Research Station
  20. Memorandum of Understanding on Sports Cooperation between the Olympic Committees of the Two Countries
  21. Agreement on Economic and Technical Cooperation on Providing Grant Aid between the Two Governments
  22. Letters on Feasibility Study for the Ministry of Education Project: Smart Education and Digital Schools
  23. Memorandum of Understanding and Cooperation in the Development of Human Resources between the Ministry for European Integration of Serbia and the Agency for International Development Cooperation of the People’s Republic of China
  24. Agreement on News Exchange and Cooperation between News Agencies
  25. Memorandum of Understanding between the Media Cooperation Service of the President of Serbia and the Chinese Media Group
  26. Memorandum of Understanding between Politika and the Chinese Media Group
  27. Agreement on Deepening Cooperation between RTS and the Chinese Media Group
  28. Letter of Intent between the Ministry of Culture of Serbia and the Chinese Media Group

 

 

This extensive list of agreements underscores a significant deepening of the strategic partnership between Serbia and China, enhancing cooperation across various sectors including technology, culture, and infrastructure, aimed at fostering a shared future and continued mutual development.

 

Serbia’s New Action Plan for Industrial Policies: Major Funding Allocated to Attract Investments

The Serbian government has recently approved an action plan for implementing the Strategy of Industrial Policy, which outlines key activities and measures planned for this year and the next. The overarching goal is to drive the Republic of Serbia towards a highly competitive economy through research, development, innovations, and entrepreneurial initiatives in areas defined by the Smart Specialization Strategy.

 

A significant portion of the budget is allocated to attracting investments, with plans to allocate 23 billion dinars in 2024 and 24 billion dinars in 2025 for the purpose. These investments are deemed “Investments of Special Importance.”

 

 

The action plan for 2024 and 2025 includes reviews of implemented measures and introduces new activities in five areas. These include digitalization, incorporating artificial intelligence projects, and a green transition, which are expected to be key drivers for boosting industrial competitiveness.

The focus on attracting investments likely stems from an analysis of the previous action plan’s effects, which showed investments from 2018 to 2022 were crucial for economic growth. In 2022, total investments contributed 24.2% to the GDP, with a substantial inflow of foreign direct investments (FDI) continuing into 2023, amounting to €4.22 billion.

 

 

Most investments were directed towards the manufacturing sector, construction, mining, and professional, scientific, innovative, and technical activities. Notably, four-fifths of the FDI was in the form of equity capital and reinvested earnings, underscoring foreign investors’ commitment to continuing their investments in Serbia.

The new action plan also emphasizes the enhancement of incentive systems’ effectiveness and further development of support for low-value-added industries in certain regions. It includes infrastructure development projects to equip new industrial zones and revitalize old ones, with the Serbian Development Agency playing a pivotal role in promoting Serbia as an attractive investment location.

For 2024, 19 billion out of the allocated 23 billion dinars are planned for fostering investment in industrial production, with the rest earmarked for supporting higher-value product investments and potential research, development, and innovation areas.

 

 

Next year, each of these activities will receive an additional 500 million dinars, signifying ongoing commitment to regional development and business infrastructure support. The plans also feature continued efforts in digital transformation, artificial intelligence project integration, and fostering collaborations between traditional industries and innovative solution providers.

Real estate market in Serbia remains resistant to global trends

The Republic Geodetic Authority points out that, after two years of extremely dynamic growth, the real estate market in Serbia has calmed down. The latest data indicate that during 2023 the Serbian real estate market was characterized by stability and resistance to global trends, which is confirmed by the fact that it still maintains a higher level compared to pre-pandemic figures.

 

The total amount of money used to purchase real estate in 2023 was 6.5 billion euros, which is even 57.8 percent more compared to the pre-pandemic year of 2019 and 13 percent less than the record year 2022. A total of 121,627 sales were made, which is 15.7 percent more than in 2019 and 13 percent less than in 2022.

 

Apartment prices in 2023 ranged from 50,495 dinars per square meter in Bujanovac to 491,596 dinars in the Belgrade municipality of Savski venac. The highest prices for apartments were reached in Belgrade, where the most expensive apartment, with a total area of ​​383 m2, was sold in the municipality of Savski venac, in the complex “Belgrade Waterfront” at a price of 2,601,888 euros, where the most expensive price per square meter was worth 11,475 euros.

 

 

 

 

Price of apartments in new construction increased by 0.7%

 

The average price of newly built apartments in Serbia in 2023 was 211,103 dinars per square meter, which represents an increase of 0.7 percent compared to 2022. Observed according to municipalities, the highest prices of new buildings were recorded in Belgrade, where the average price in urban areas increased by 2.8 percent compared to the same period of the previous year when it amounted to 312,011 dinars.

 

In addition to the Belgrade municipalities, Novi Sad, Čajetina, the Niš municipality of Medijana and Vrnjačka Banja stood out due to their high prices. The surface area of newly built apartments sold was 55 square meters on average.

 

An interesting piece of information in the report of the Republic Geodetic Authority is that in the last quarter of 2023 there was a decrease in the sale of holiday homes to 244, from 368 in the same period of 2020. The same was the case with garages, due to the fact that compared to the same period, the number of sales contracts fell from 197 to 170. Agricultural land recorded an interannual growth in market value of 38 percent, while the number of sales contracts was eight percent higher.

 

 

 

 

 

Real estate price trends in Belgrade in February 2024

 

While we are waiting for official data, according to the still incomplete information of the Cenenekretnina.rs website the average price of a square meter in Belgrade in February 2024 was €2,317/m², which is a decrease of 1.7% compared to the previous month and an increase of 0.7% compared to the same month a year earlier.

 

 

The average price of new construction was €2,526/m², which is 1.5% lower compared to January and 1.6% higher compared to February a year earlier. When it comes to old buildings, the average price was €2,185/m², which represents a 1% drop compared to a month earlier and a 3% increase in yield compared to a year earlier.

Newly built  – Old buildings   –  Average

 

Graph no. 1: Price per square meter in Belgrade, in €/m² for new construction, old construction and average.

 

 

 

The number of sales contracts reached 922, which is 5.5% more than a month earlier, but 17.5% lower than a year earlier. 356 contracts were signed for new construction, which is 3.5% less than in January. When it comes to old buildings, the number of sales contracts reached 568, which is 9.9% more than in January of the same year.

 

 

Chart number 2: Number of sales real estate contracts in Belgrade.

 

The average price of an apartment in Belgrade was €140,387, which is 2.2% lower than a month earlier. The average price of an apartment in an old building was €117,456, i.e. 6.5% lower than a month earlier. The average price of an apartment in a new building was €176,634, which is 5% more than in January.

 

Newly built  – Old buildings   –  Average

Graph no. 3: Apartment price in Belgrade, in €/m², new construction, old construction and average.

 

 

The volume of turnover reached €127.89 million, which is 2.2% more than in January. This indicator reached €65.54M in old construction, which is 3.3% more compared to the previous month, while it was €62.35M in new construction, which is 1% more compared to January.

 

Newly built  – Old buildings   –  Average

Graph no. 4: Total volume of turnover, volume of turnover in old buildings and new buildings in Belgrade.

 

The average square meters of an apartment sold in February is 57m², and there was no change there compared to January. The average area of ​​an apartment in an old building was 53m², which is 3.6% less than a month ago. The average area of ​​an apartment in a new building is 63m², which is 6.8% more than in January.

 

Newly built  – Old buildings   –  Average

Graph no. 5: Square meters of the sold apartment in Belgrade, average, old buildings and new buildings.

 

 

Further predictions on the movement of real estate prices

 

Real estate expert Ervin Pašanović says: I do not expect any significant drop or any significant price correction in the next period of six months to a year. A small drop will probably be felt if, of course, there are no major market movements. From the report of RGZ (Real Estate Authority) for the first quarter of this year, it is evident that prices have been corrected very slightly, turnover has decreased and the participation of buyers through loans in the total number of completed transactions related to residential buildings has decreased.

 

Sources:

https://biznis.kurir.rs/nekretnine/4369357/padnu-cene-nekretnina

https://biznis.rs/vesti/srbija/prosecna-cena-stanova-novogradnje-niza-za-48-odsto-u-drugom-polugodistu-2023/

https://www.cenenekretnina.rs/

https://biznis.rs/novac/sve-manje-interesovanja-za-kupovinu-vikendica/

 

 

 

Leskovac is the Most Attractive Small City for Investment! Serbia Tops the “Financial Times” List of the Best Investment Locations in Europe, Including Belgrade

The magazine fDi, a publication of the British “Financial Times”, in its “European Cities and Regions of the Future” list for 2024, ranked Belgrade in a high seventh place in the category of large European cities for human capital, while Leskovac took the first place as the most attractive small city for investors!

 

 

This list ranks the best investment locations in Europe, and Serbia stood out with several cities and regions that are among the best locations for investing. Thus, this year again, Belgrade found itself at the top in its category, and Leskovac is the winner in the category of smaller cities.

 

 

In addition to Belgrade and Leskovac, the prestigious British business magazine ranked Kragujevac in the category of medium-sized cities in eighth place for cost efficiency, and Šimanovci, Zrenjanin, and Subotica were also on the FT list.

 

 

Regarding Belgrade, fDi notes, in the Human Capital and Lifestyle group, the capital of Serbia took the seventh place because it stands out with a rich cultural scene, a high standard of living, and diverse educational opportunities, making it attractive to foreign experts and young talents.

 

 

 

First of all, the IT industry and the service industry were highlighted, and these results are confirmed by the large number of foreigners who came to live and work in Belgrade in the past few years.

 

 

 

Categories in which Belgrade is ranked

 

  • In the Cost Efficiency group, Belgrade took ninth place, as it offers competitive living and business costs compared to other European cities, which is attractive for companies seeking economical operations.
  • Belgrade took eighth place in the Business Environment group, given that it is known for a favorable business environment, simple administrative procedures, and support for foreign investors.

 

As stated in the explanation, the Government of Serbia has made significant efforts in recent years to simplify procedures for large and small enterprises, as well as entrepreneurs, which has enabled Belgrade to be on this list ahead of cities like Cologne and Glasgow.

The prestigious business magazine cites as significant advantages of Belgrade the quality of the workforce, namely a large number of highly educated people who have been working in global companies for years.

 

Belgrade has managed to gain a reputation as an excellent destination for investors looking for talented and specialized engineers.

In terms of infrastructure quality, Belgrade has well-developed infrastructure, especially in transportation and telecommunications, which facilitates business and the lives of its citizens.

It also has an exceptional geographical position since, as mentioned, it is located at the crossroads of routes between East and West, making it an ideal location for companies that want to operate in both regions’ markets.

The British magazine lists significant investors who are present, such as Microsoft, NCR, IBM, Rivian, Luxsoft, as well as significant investments in real estate and development like Belgrade Waterfront.

 

 

 

 

Leskovac attractive to investors

 

In the category of micro-cities for cost efficiency, Leskovac even took first place. As FT mentions, Leskovac stands out as the most cost-efficient micro European city of the future, making it extremely attractive for investors seeking economical operations.

Leskovac is known for its textile industry as it has developed infrastructure in that area, which attracts investors from this industry. It is expected that Leskovac will attract even more investors with the development of infrastructure and additional investments.

 

The “Financial Times” states that the city has a tradition in production and has a trained and qualified workforce ready for employment.

Leskovac is located in the southern part of Serbia and has good traffic connections with other parts of the country and the region, which facilitates product distribution and market access, and the largest investors operating in that city are Yura, Delphi/Aptiv Contract Services, Fush, Falke, and RIM Group.

 

 

 

 

Kragujevac in eighth place for cost efficiency

 

Kragujevac is ranked in the category of medium-sized cities in eighth place for cost efficiency. The city has favorable living and business costs, which is attractive to investors seeking economical operations.

Also, it has a rich industrial tradition and developed industrial infrastructure, making it attractive for investments in manufacturing and the automotive industry.

Kragujevac, as mentioned, also has highly educated workers thanks to the presence of the University in that city, which is important for companies looking for a qualified workforce.

Soon, the construction of the Innovation District will begin in Kragujevac, which, along with the Data Center, will contribute to the development of large IT and innovation companies in Kragujevac.

 

The city is located in the central part of Serbia, with good traffic connections with other parts of the country, which facilitates product distribution and market access, and the most significant investors are Stelliantis, Yanfeng, Wacker Neuson, Shenći Automotive, Puratos, MIND Group, and Oracle.

 

 

 

 

 

Šimanovci in the micro-city category in 4th place

 

In the micro-city category for cost efficiency, Šimanovci took fourth place, Zrenjanin fifth, and Subotica sixth place. These cities are known for their industrial infrastructure and tradition, making them attractive for various sector investments.

Regarding location, Šimanovci, Zrenjanin, and Subotica have favorable geographical positions, with good traffic connections, which facilitates market access and product distribution.

All three local governments provide support and incentives for investors, contributing to their attractiveness as investment destinations.

 

They have trained workforces, which is important for companies looking for qualified workers, and the most significant investors are Pećinci Robert Bosć, Coficab, Chemical Agrosava, Ivković Investment Group, CTP Sigma, Dr. Oekter, in Zrenjanin – Linglong Tire, Avalon, Ešex Europe, GLM, Novares, in Subotica – Continental, Boysen, Don Don, Pionir, and Andex.

Source:

https://www.blic.rs/

Serbia and Chinese Companies Sign a Memorandum: Largest Renewable Energy Project Underway

Introduction to the Memorandum

Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, has inked a Memorandum of Understanding with Shanghai Fengling and Zijin Copper Bor. This agreement signifies a leap forward in Serbia’s investment in renewable energy sources (RES).

 

 

Green Energy Transition and Its Recognition

Đedović Handanović highlighted Serbia’s progress in green energy transition over the past year, notably in legislative improvements and successful renewable energy auctions. This progress has been acknowledged by the Energy Community, which recognizes Serbia as a leader in reform implementation among its members.

 

 

Details of the Renewable Energy Project

The minister elaborated that the memorandum kickstarts Serbia’s most substantial RES project to date, led by Chinese companies Shanghai Fengling Renewables Co. Ltd. and Serbia Zijin Copper doo Bor, with Serbia as a co-owner. The plan includes the construction of facilities near Bor with a total capacity of two gigawatts (GW), comprising 1,500 megawatts (MW) of wind farms and 500 MW of solar power plants, along with a green hydrogen production plant with an annual capacity of approximately 30,000 tons.

 

 

Investment and Energy Usage

The total investment is around two billion euros, funded by Shanghai Fengling. The energy generated will primarily serve the needs of Zijin, one of Serbia’s largest exporters, especially following the reconstruction of the smelter in Bor last year. This project will ensure that a significant portion of the electricity for Zijin is sustainably produced, avoiding fossil fuels and minimizing environmental impact.

 

 

Location and Potential of the Project

Đedović Handanović stated that the energy will be generated in Serbia’s Bor District, tapping into the region’s solar and wind energy potentials.

 

 

Project Timeline and Employment Opportunities

Construction is scheduled to begin in the first quarter of the following year, with the first phase of 700 MW expected to be completed by mid-2026. The entire 2,000 MW project, along with the green hydrogen production capacity, is anticipated to be finished by the end of 2028. This investment will create 300 to 500 new jobs, primarily in the RES sector, offering high wage levels.

 

 

Serbia’s Position in Renewable Energy and Green Hydrogen Production

With this project, Serbia is set to become a European hub for renewable energy and green hydrogen production and equipment. It will contribute significantly to achieving energy security and independence, aligning with the country’s ambition to reach carbon neutrality by 2050.

Serbia Enhances Digitalization with New Application for Entrepreneurs’ Data Amendment and Deletion

Serbia Enhances Digitalization with New Application for Entrepreneurs’ Data Amendment and Deletion

 

The Serbian Business Registers Agency (APR) has introduced a new application on its electronic services portal for submitting all applications related to changes in entrepreneurs’ data and their deletions.
This digital option coexists with the traditional method, allowing entrepreneurs to continue submitting physical applications in person or by mail if they prefer.

 

 

For the e-Registration process, entrepreneurs need:

  1. A qualified electronic certificate (e-signature) from a Serbian certification authority.
  2. An installed electronic card reader and the updated NEXU application for e-signing, available for free on the APR website.
  3. A Visa, MasterCard, or DinaCard for fee payments.

 

Documents initially in paper form, such as consents or certificates (for example, tax compliance proofs), need to be digitized for e-submission. Lawyers submitting the application or notaries can undertake this conversion, guaranteeing the document’s authenticity with their electronic signature or a qualified electronic seal.

 

Entrepreneurs can create documents like proxy authorizations in original electronic format using their qualified electronic signature.

This initiative is part of the Agency’s ongoing efforts to fully digitalize various registration processes for entrepreneurs, building on the previously introduced online business foundation registrations.

Serbia Issues Over 50,000 Work Permits to Foreign Nationals in 2023

In 2023, the National Employment Service branches in Serbia issued a total of 50,397 work permits to foreign nationals, as reported by the Ministry of Labor and Employment. The highest number of permits were granted to citizens from Russia, followed by China, Turkey, India, and Nepal, with Russian citizens receiving a notable 19,645 permits.

 

The specifics regarding the types of jobs these foreign workers are employed in remain undisclosed, as per the records of the National Employment Service. Countries like Cambodia, Dominica, Malta, Sudan, and the United Arab Emirates saw the least number of work permits issued to their citizens.

 

In the realm of seasonal agricultural work, 1,091 foreign nationals have been engaged since the beginning of the year. Seasonal workers, including foreigners with registered residence in Serbia, are not subject to special employment conditions for foreigners and are treated equally to Serbian citizens.

 

The National Alliance for Local Economic Development (NALED) highlighted that the total number of registered seasonal workers in 2023 was 33,054, with foreigners making up approximately 3.3% of this workforce. This represents a slight increase compared to 2022, with an additional 124 applications over the previous year’s 967 workers.

 

Significant participation was noted from Uzbekistan and Egypt, contrasting with the previous years’ dominance of Nepalese and Indian workers. Upon registering their residence, which can also be done electronically, foreign nationals receive a Foreigner’s Identification Number (EBS) used by employers for official registration.

Schott Pharma, a renowned German pharmaceutical company, has initiated the construction of its new manufacturing facility in Jagodina, Serbia.

Schott Pharma, a renowned German pharmaceutical company, has initiated the construction of its new manufacturing facility in Jagodina, Serbia. The groundbreaking ceremony, held on Wednesday, was graced by company representatives, the German Ambassador, and prominent state and local officials. This expansion is part of Schott Pharma’s strategy to extend its global manufacturing network, with a significant investment in the double-digit millions in euros earmarked for this new site in the Pomoravlje District.

 

The facility, strategically located in central Serbia, is dedicated to producing ampoules, essential for storing injectable medications like painkillers, anti-inflammatory analgesics, and anesthetics. Preparatory work for ampoule production is slated to begin in 2024, with flexibility to diversify into other product groups depending on market demand.

 

Andreas Reisse, CEO of Schott Pharma, emphasized the move as a strategic enhancement of the company’s footprint in Southeast Europe, aiming to meet regional client needs with increased production flexibility. Denis Nikitin, the plant’s director, revealed plans to fill over 130 positions at the outset, with total employment expected to reach 350 in the coming years.

 

 

Tomislav Momirović, Minister of Internal and External Trade, highlighted the significant presence of German companies in Serbia, noting over 1,000 German firms employing more than 76,000 people. He underscored Serbia’s leading position in foreign direct investments from Germany, representing 12.8% of the country’s total.

 

Dragan Marković Palma, President of the Jagodina City Assembly, expressed gratitude to Schott Pharma for its trust in Jagodina, pledging full logistical support and cooperation. His remarks reinforced the city’s pride in hosting a major international company and affirmed Serbia’s status as a safe and promising destination for investors.