BUSINESS

In the first quarter of this year, defense industry companies from Bosnia and Herzegovina exported arms, military equipment, and explosives worth an amount representing a 42% increase compared to the same period last year. The most demanded products are artillery shells and mortars. Notably, military cooperation with the Czech Republic is highlighted, which purchased significant…

In Serbia, citizens are increasingly becoming active participants in the energy transition, particularly through the production of electricity from renewable sources. The Ministry of Mining and Energy emphasizes that producers and consumers of electricity, known as prosumers, are key pillars of this transition. Since the implementation of the model, a significant MW capacity of solar…

Reports on trading and indices at the Belgrade Stock Exchange show daily changes in stock values and total turnover. The main indices, BELEX15 and BELEXline, record both increases and decreases depending on the trading day. For example, on June 3rd, the turnover was about 5.68 million dinars with rising indices, while on June 4th, the…

In the first quarter of 2025, Serbia experienced a decline in the number of subscribers and traffic in fixed and mobile telephony. The regulatory body RATEL reported a decrease in the number of active mobile network users, as well as a reduction in voice and SMS traffic. The number of fixed telephony subscribers was about…

During the summer tourist season, around 10,000 workers from Serbia go to work seasonally in Croatia, mainly in the hospitality and tourism sectors on the coast. Croatia has introduced new stricter legal regulations for employing foreign workers, including issuing work permits exclusively to specific employers, mandatory registration of workers, equal working conditions and pay as…

The shortage of black pepper, one of the most commonly used spices worldwide, is becoming an increasingly serious issue due to climate change negatively impacting production in major producing countries such as India, Vietnam, and Sri Lanka. Changes in weather patterns, including alternating heavy rains and prolonged dry periods, delay harvests and reduce both the…

Online reviews have become a crucial factor in business as customers use these platforms to express their satisfaction or dissatisfaction. Negative ratings and comments can seriously damage an entrepreneur’s reputation and lead to the loss of many potential customers. Many entrepreneurs fear negative comments because they are difficult to remove, even when unfounded or malicious….

In the first four months of 2024, Serbia’s republican budget deficit amounted to 78 billion dinars, which is better than the planned deficit by 107 billion dinars, the Ministry of Finance announced. Revenues amounted to 470.7 billion dinars, while expenditures were 548.7 billion dinars. In April, a deficit of 50.2 billion dinars was recorded, with…

German car manufacturer Volkswagen has announced a cost-cutting plan that includes eliminating a total of 35,000 jobs by the end of the decade, primarily in German plants. So far, 20,000 employees have agreed to voluntary departure, mostly through early retirement programs. Severance payments depend on length of service and can reach significant amounts. The IG…

North Macedonia’s Gross Domestic Product (GDP) grew by 3.2% in the first quarter, according to data published by Eurostat. The highest growth was recorded in the construction and scientific-technical sectors with over 7%, while information and communications increased by nearly 5%. Final consumption, which accounts for about 70% of the GDP structure, grew by 1.9%…