Doing Business in Serbia Belgrade

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Syllabus of the Subject: Doing Business in Serbia. Serbian economy.

  1. Introduction to the Republic of Serbia
  2. Serbian Economy
  3. Key sectors of the Serbian economy
  4. Doing Business in Belgrade
  5. Serbian Foreign Trade
  6. Agreement with the European Union
  7. Agreements with Russia, Turkey, the European Free Trade Association (EFTA), Belarus, and Kazakhstan
  8. Foreign Direct Investment (FDI) in Serbia
    1. Key sectors for investing
  9. Access to the Serbian Market
  10. Business Plan for Serbia

The aims of the subject “Foreign Trade and Doing Business in the Republic of Serbia” are the following:

  1. To analyse the Serbian economy and foreign trade
  2. To evaluate the business opportunities in the Republic of Serbia
  3. To explore Serbia's trade relations with the country of the student
  4. To know Serbia's Free Trade Agreements (FTAs)
  5. To develop a business plan for the Serbian Market
The Subject (e-learning) “Doing Business in Serbia” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Doctorate: Europe
  2. Masters (e-learning): International Business, Europe, Emerging Markets
  3. Course: Countries of the EFTA
  4. Bachelor's Degree in International Trade (e-learning)

Course learning materials in Higher Education in English (or Tertiary Education in Spanish Serbia Post-secondary Education in French Serbie)

Мастер у Интернатионал Бусинесс (Serbian Students)

Sample of the subject (Doing Business in Serbia):
Doing Business in Serbia

Description of the Subject (Online Learning): Doing Business in Serbia.

The Republic of Serbia (Europe) is situated in the Balkan Peninsula, in one of the most important transport routes between the European Union and Asia.

  1. The capital of Serbia is Belgrade
  2. The Autonomous provinces of Serbia are Vojvodina and Kosovo and Metohija
  3. The official language is Serbian, and the official alphabet is Cyrillic. However, the Latin alphabet is also in use
  4. Borders of Serbia: Bulgaria, Romania, Hungary, Croatia, Bosnia and Herzegovina, Montenegro, Albania, and Macedonia
  5. Serbian Population: 7.1 million people
  6. Area: 883,612 square kilometres
  7. Parliamentary Republic founded in 1992

Religion: The majority of the Serbian population practices Orthodox Christianity

Serbia belongs to the Economic Area of the Orthodox Civilisation.

Belgrade (1.6 million people) is the administrative, economic, and cultural centre of the Republic of Serbia.

  1. Belgrade has been awarded as the city of the future for Southern Europe by the FDI Magazine
  2. More than 40% of the Serbian GDP is generated in the Belgrade, which also has 31.4% of the employed population in Serbia

Serbian Economy

  1. Serbia is an emerging market
  2. The Serbian market (7.5 million people) is the second largest in the South-eastern Europe region
  3. Serbia is the third most attractive manufacturing nation
  4. Serbia is the seventh most attractive foreign direct investment (FDI) destination for services among the emerging markets
  5. Since 2000, the Republic of Serbia has attracted 20 billion dollars in foreign direct investment (FDI)
  6. In 2005, Serbia adopted the National Strategy for the European Union Accession (EU Enlargement)
  7. Serbian Currency: Dinar (RSD)
  8. Nominal Serbian GDP: 42,385 million dollars
    1. Agriculture: 12%
    2. Industry: 24%
    3. Services: 64%
  9. Serbian GDP per capita: 10,540 USD
  10. Inflation: 6.8%

Foreign Trade of Serbia

  1. Total Serbian international trade: 20 billion Euros
  2. Main exported products from Serbia are iron and steel products, nonferrous metals, textiles, fruit, and metal manufacturing
  3. The largest Serbian export markets are the European Union, the Central European Free Trade Agreement (CEFTA) member states and the Central European Initiative (CEI) countries
  4. Main products imported from Serbia are fuels, vehicles, gas, iron and steel, and industrial machinery
  5. The largest Serbian suppliers are the European Union, countries of the Central European Initiative (CEI) and countries of the Central Europe, the Free Trade Agreement (CEFTA)
  6. Since 2000, Serbia has attracted large flows of foreign direct investment (FDI)

EFTA-Serbia Free Trade Agreement (FTA)

Serbia has preferential access to the markets of:

  1. Central European Free Trade Agreement (CEFTA)
  2. Central European Initiative (CEI)
  3. Black Sea Economic Cooperation (BSEC)
  4. Serbia-European Free Trade Association FTA
  5. Serbia has a Free Trade Agreements (FTA) with Russia, Turkey, Belarus, Ukraine, and Kazakhstan
  6. Serbia has duty-free exports to the European Union (EU-Western Balkans) and the United States for most export products and services

Trade Relations European Union-Western Balkans

Serbia is a member of:

  1. Adriatic-Ionian Initiative
  2. Economic Commission for Europe (UNECE)
  3. Regional Cooperation Council
  4. Organisation for Security and Cooperation in Europe (OSCE)

Samples - Business in Serbia

Turkey-Serbia Free Trade Agreement (FTA)

Central European Free Trade Agreement (CEFTA)

European Union Enlargement

Central European Initiative (CEI)

Black Sea Economic Cooperation (BSEC)



(c) EENI- Business School & Hispano-African University of International Business