EENI Global Business School
Business in Serbia, Belgrade

Syllabus of the Subject: Foreign Trade and Business in Serbia. Serbian economy

  1. Introduction to the Republic of Serbia
  2. Serbian Economy
    1. Key sectors of the Serbian economy
  3. Doing Business in Belgrade
  4. Serbian Foreign Trade (Import, Export)
    1. Access to the Pan-European Corridor IX
  5. Foreign Direct Investment (FDI) in Serbia
    1. Key sectors for investing
  6. Access to the Serbian Market
  7. Business Plan for Serbia

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

  1. To analyse the Serbian Economy and Foreign Trade (Import, Export, FDI)
  2. To know the business opportunities in the Republic of Serbia
  3. To explore the Serbian trade relations with the country of the student
  4. To know the Serbian Free Trade Agreements (FTAs)
  5. To develop a business plan for the Serbian Market
The Subject “Foreign Trade and Business in Serbiabelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Doctorates: European Business, World Trade
  2. Masters: Business in Europe, International Business, Foreign Trade
  3. Course: Business in the EFTA Countries

Learning materials in Courses, Masters, Doctorates in International Business in English (or Study Master Doctorate Business in Spanish Serbia Study, Master in International Business in French Serbie)

  1. Credits: 1 ECTS Credits
  2. Duration: 1 week

Online Students, Master in International Business and Foreign Trade

Serbia, Master, International Business, Foreign Trade Мастер у Интернатионал Бусинесс (Serbian Students)

Sample of the Subject (Doing Business in Serbia):
International Trade and Business in Serbia

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Description of the Subject: Foreign Trade and Business in Serbia.

Serbian Preferential Access and Free Trade Agreements

  1. Serbia and the Orthodox Economic Area
  2. Central European Free Trade Agreement (CEFTA)
  3. Central European Initiative (CEI)
  4. Black Sea Economic Cooperation (BSEC)
  5. Serbia-European Free Trade Association (EFTA) FTA
  6. Adriatic-Ionian Initiative
  7. Serbia has a Free Trade Agreements (FTA) with Russia, Turkey, Belarus, Ukraine, and Kazakhstan
  8. Serbia has duty-free exports to the:
    1. European Union-Serbia
      1. EU-Western Balkans
      2. EU Enlargement
    2. United States-Serbia
  9. Regional Cooperation Council (RCC)
  10. Central American Integration System (SICA) (observer country)

Trade Facilitation Programs

  1. World Trade Organisation (WTO) (in process of accession)
  2. World Customs Organisation (WCO)
    1. Revised Kyoto Convention (RKC)
  3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
  4. International Bureau of Containers and Intermodal Transport (BIC)
  5. International Civil Aviation Organisation (ICAO, Chicago Convention)
  6. International Maritime Organisation (IMO)
    1. International Convention for Safe Containers (CSC)
    2. Convention Relating to Temporary Admission (Istanbul Convention)
  7. Customs Convention on Containers (CCC, UN)
  8. International Road Transport Union (IRU)
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  9. Convention concerning International Carriage by Rail (COTIF)
  10. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT)

Trans-European Transport Network Corridors (Poland, Slovakia, Austria, Italy)

European Trade and Economic Organisations

  1. Economic Commission for Europe (UNECE)
  2. Organisation for Security and Cooperation in Europe (OSCE)

Global Organisations

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD)
    2. International Trade Centre (INTRACEN)
    3. World Intellectual Property Organisation (WIPO)
  2. World Bank (WB)
  3. World Trade Organisation (WTO)
  4. International Monetary Fund (IMF)
  5. Community of Portuguese Speaking Countries (observer country)


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. Serbian 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 Belgrade, which also has 31.4% of 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 European 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%

Trade Relations European Union-Western Balkans: Albania, Bosnia and Herzegovina, the Former Yugoslav Republic of Macedonia, Montenegro, Serbia and Kosovo

Foreign Trade of Serbia

  1. Total Serbian international trade: 20 billion Euros
  2. The main export 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. The 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 the countries of the Central Europe, the Free Trade Agreement (CEFTA)
  6. Since 2000, Serbia has attracted large Foreign direct investment (FDI) flows

European Free Trade Association (EFTA)-Serbia Free Trade Agreement

Serbian Trade Agreements: CEFTA, Central European Initiative, Black Sea Economic Cooperation, EFTA, EU-Western Balkans...

Samples - Business in Serbia

Turkey-Serbia Free Trade Agreement

Central European Free Trade Agreement (CEFTA) Albania, Bosnia and Herzegovina, Macedonia, Moldova, Montenegro, Serbia, and Kosovo

European Union Enlargement: Macedonia, Albania, Bosnia and Herzegovina, Montenegro, Serbia, Kosovo and Turkey

Central European Initiative (CEI), Macedonia, Moldova, Montenegro...

Organisation of the Black Sea Economic Cooperation (BSEC) Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Serbia, Turkey, and Ukraine

(c) EENI Global Business School (1995-2021)
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