Subject (Course): International Trade and Doing Business in Serbia. Serbian economy. Syllabus:
- Introduction to the Republic of Serbia.
- Serbian Economy.
- Key sectors of the economy
- Doing Business in Belgrade
- Serbian Foreign Trade
- Free Trade Agreement (FTA) with Russia.
- Agreements with Turkey, the European Free Trade Association (EFTA), Belarus, and Kazakhstan.
- Foreign Direct Investment (FDI) in Serbia.
- Key sectors for investing.
- Access to the Serbian Market
- Business Plan for Serbia
Aims of the subject “Foreign Trade and Doing Business in the Republic of Serbia”:
- To analyse the Serbian economy and foreign trade
- To evaluate business opportunities in the Republic of Serbia
- To explore Serbia's trade relations with the student's country
- To know Serbia's Free Trade Agreements (FTAs)
- To develop a business plan for the Serbian Market
Sample of the subject (Doing Business in Serbia):
Subject Description (Doing Business in Serbia).
The Republic of Serbia is situated in the Balkan Peninsula, in one of the most important transport
routes between the European Union and Asia.
- The capital of Serbia is Belgrade
- The Autonomous provinces of Serbia: Vojvodina and Kosovo and Metohija.
- The official language is Serbian, and the official alphabet is Cyrillic. However, the Latin alphabet is also in use.
- The majority of Serbian population practices Orthodox
- Borders of Serbia: Bulgaria,
Romania, Hungary, Croatia, Bosnia and Herzegovina, Montenegro, Albania, and Macedonia.
- Serbian Population: 7.1 million people
- Area: 883,612 square kilometres
- Parliamentary Republic founded in 1992
Serbia belongs to the Economic Area of the Orthodox Civilisation.
Belgrade (1.6 millions of people) is the administrative, economic, and cultural
centre of the Republic of Serbia.
- Belgrade, the capital, has been awarded as the city of the future for Southern Europe by the FDI Magazine.
- More than 40% of GDP in Serbia is generated in the city, which also
has 31.4% of the employed population in Serbia.
- Serbia is an emerging market
- The Serbian market (7.5 millions of people) is the second biggest in South-east Europe region.
- Serbia is the third most attractive manufacturing nation and seventh most attractive foreign direct investment (FDI) destination for services among
- Since 2000, the Republic of Serbia has attracted 20 billion dollars in foreign direct investment (FDI).
- In 2005, Serbia adopted the National Strategy for the European Union Accession.
- Serbian Currency: Dinar (RSD)
- Nominal Serbian GDP: 42,385 million dollars
- Agriculture: 12%
- Industry: 24%
- Services: 64%
- Serbian GDP per capita: 10,540 USD
- The inflation: 6.8%
Foreign Trade of Serbia.
- The total international trade:
20 billion euros
- The main products exported
from Serbia: products of iron and steel, nonferrous metals, textiles, fruit, and metal manufacturing
- The largest export markets for Serbia:
the European Union, the countries of the Central European Free Trade Agreement (CEFTA) and the countries of the Central European Initiative (CEI).
- The main products imported from Serbia: fuels, vehicles, gas, iron and steel, and industrial machinery
- Largest suppliers of Serbia: the European Union, the countries of the Central European Initiative (CEI) and the countries of the Central
Europe, the Free Trade Agreement (CEFTA)
- Since 2000, Serbia has attracted large flows of foreign direct investment (FDI).
Serbia has preferential access to the markets of:
- Central European Free Trade Agreement (CEFTA)
- Central European Initiative (CEI)
- Black Sea Economic Cooperation (BSEC)
- Commonwealth of Independent States (CIS)
- Serbia has a Free Trade Agreements (FTA) with Russia, Turkey, the European Free Trade Association (EFTA), Belarus, Ukraine, and Kazakhstan.
- Serbia has duty free exports to the European Union and the United States for most export products and services.
Serbia is a member of:
- European Union Enlargement
- Adriatic-Ionian Initiative
- European Union-Western Balkans
- Economic Commission for Europe (UNECE)
- Regional Cooperation Council
- Organisation for Security and Cooperation in Europe (OSCE)
❮ Samples - Business in Serbia ❯