In July 2024, the European Union (EU) and the Serbian government signed a strategic raw materials partnership. For the EU, this cooperation represents an important step towards diversifying its supply chains and strengthening economic partnerships in its neighbourhood. Serbian President...

The research presented in this paper aims to determine to what extent hotels in Serbia use social media components on their websites. A total of 378 hotel websites in the Republic of Serbia were analysed. For each analysed hotel, the following attributes were observed: region, category, type,...

In this research the specific methodology used to better analyzed rural settlements and they properties. The Geographical Information Systems and Remote Sensing approaches taken to connect rural settlements with the climate change effects in Serbia. For the first time the classification of...

The objective of the research is the evaluation of the competitiveness of Serbia's exports in the agro-food trade with China, with the aim of deciding on the appropriate export strategy within the 2024 Serbia-China Free Trade Agreement (FTA). Export competitiveness diagnostics comprises...

Background: Sharing economy is a socio-economic paradigm characterised by the collaborative utilisation of resources and services among individuals, facilitated through digital platforms. Shared accommodation attracts the attention of various stakeholders due to its impact on societal shifts...

The objective of the research is the evaluation of the competitiveness of Serbia's exports in the agro-food trade with China, with the aim of deciding on the appropriate export strategy within the 2024 Serbia-China Free Trade Agreement (FTA). Export competitiveness diagnostics comprises...

Economic governance is a key aspect of the EU enlargement process, mirroring efforts in the EU to strengthen economic policy coordination and multilateral surveillance under the European Semester. The Annual Economic and Financial Dialogue with Regional Partners aims to prepare these (potential)...

ECDC cooperates with countries in the Western Balkans and Türkiye to improve their infectious disease prevention and control systems and public health workforce to prepare them for their future participation in ECDC's work. Technical cooperation with countries in the Western Balkans and...

The pandemic caused by the COVID-19 virus has led to negative economic consequences in all countries. The COVID-19 pandemic created problems in the functioning of the economy, and economic state measures were necessary to reduce the negative impact of the pandemic. Every country in the world has...

In July 2024, the European Union (EU) and the Serbian government signed a strategic raw materials partnership. For the EU, this cooperation represents an important step towards diversifying its supply chains and strengthening economic partnerships in its neighbourhood. Serbian President...

This paper examines the key aspects of corporate governance of stateowned enterprises (SOEs) through a comparative survey conducted in Bosnia and Herzegovina, Croatia, and Serbia. The research explores two distinct perspectives: the state's view on the necessity and governance of SOEs, and the...

This policy note explores key issues in the Danube Region, focusing on labour market dynamics, including the development of digital skills, foreign direct investment (FDI) with a particular emphasis on FDI in the IT sector, and the robotisation and automation of the region's industries. Covering...

ECDC is helping countries in the Western Balkans and Türkiye to improve their infectious disease prevention and control systems and public health workforce to prepare them for their future participation in ECDC's work. Technical cooperation with Western Balkans and Türkiye aims to improve...

The Media Pluralism Monitor (MPM) is a research tool that is designed to identify potential risks to media pluralism in the Member States of the European Union and in Candidate Countries. This narrative report has been produced on the basis of the implementation of the MPM that was carried out...

On December 9, 2024 the IMF's Board approved the Republic of Serbia's fourth, and final, review under the 2-year Stand By Arrangement (SBA) 2022-24, and a request for a successor 36-month Policy Coordination Instrument (PCI). Under the SBA, the authorities pursued ambitious reforms, helping...

This policy note explores key issues in the Danube Region, focusing on labour market dynamics, including the development of digital skills, foreign direct investment (FDI) with a particular emphasis on FDI in the IT sector, and the robotisation and automation of the region's industries. Covering...

In the conditions of modern business environment of energy companies, studies of their impact on environmental protection are becoming increasingly important. The growing concern at the macro level of the resulting climate change due to energy production is justified. The ecological component in...

Serbia continues to recover well from the energy crisis. The authorities remain committed to policies that will help maintain strong external and fiscal buffers and that will support disinflation. With the planned large increases in public investment, it will be important to further strengthen...

In 2022, Serbia introduced a new budget system law with fiscal rules based on general government, as defined in the international statistical standards. The Serbian Ministry of Finance is committed to upgrading their fiscal reporting so as to report against these fiscal rules by 2025. Against...

The agricultural sector is a cornerstone of social and economic life in the Western Balkan (WB) countries. However, it faces challenges of slow productivity growth, limited access to assets, and vulnerability to external shocks like climate change. Agricultural policies are crucial to enhance...

The paper investigates the effects of internal migration flows on regional convergence in Serbia, a country with large regional disparities, during the period 2000-2018. For this purpose, we implement both the net and the gross (in- and out-) migration approaches. We undertake separate analyses...

Serbia is transitioning to an environmentally sustainable, low-carbon, climate-resilient economy, but the transition must be accelerated in view of climate change and increasing air pollution. Serbia has Europe's worst per capita record for pollution-related deaths, and the environmental...

This report provides a baseline analysis of the existing situation in the municipal waste management sector in Serbia and underscores the importance of the sector in terms of achieving Sustainable Cities objectives. Reforms in the waste sector are a key component of a larger government...

Since 25 June 2024, the 27 member states of the European Union (EU) have been engaging in accession negotiations with Ukraine and Moldova. The EU wants and needs to provide a strategic response to new geopolitical challenges, especially the Russian war of aggression against Ukraine. At the same...

The Country Opinion Survey in Serbia assists the World Bank Group (WBG) in better understanding how stakeholders in Serbia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and...

Background One of the industries that was among the most disrupted by the Covid-19 pandemic was the tourism industry. Hotel owners and managers needed guidelines on how to combat the "new normal" and enable the sustainable economic operation of the hotels they managed. Objectives This paper...

Background One of the industries that was among the most disrupted by the Covid-19 pandemic was the tourism industry. Hotel owners and managers needed guidelines on how to combat the "new normal" and enable the sustainable economic operation of the hotels they managed. Objectives This paper...

Aware of the fact that they can ensure their survival on the educational scene only if they follow modern trends and requirements that come from today's highly changed and turbulent educational environment, national bodies that are in charge of defining educational policies, quality assurance...

The purpose of this paper is to examine how, using Serbia as an example, climate change impacts financial stability. Our sectoral analysis approach will be used to demonstrate if transition risk has an impact on climate change. Based on Serbian data, we identified that the mining sector...

External economic and social pressures force manufacturing companies to be ecologically oriented, putting emphasis on issues of environmental protection in the foreground of business policies and strategies. This study explores the role of ecological transformation leadership in acquired...

Regardless of the fact that, historically speaking, fiscal policy was generally viewed as stabilizing, its flexibility in modern conditions can also have a developmental effect on the specific national economy. In this paper, it will be discussed in detail about the development impact of...

This paper focuses particularly on the pillars of business models for smart cities. The paper is based on the project Smart Sustainable District, and outlines the opportunities and limits of the application of certain guidelines in an extra-EU country, Serbia, through the Horizon Europe project...

In the 2023 open data maturity (ODM) assessment, Portugal, Serbia and Slovakia achieved significant year-on-year improvements in their ODM. This current report on open data best practices investigates the drivers behind this growth through interviews with the open data teams of these three...

The fourth industrial revolution represents a challenge for most companies in terms of creating new business models that will be more flexible, adaptable and dynamic. This is why business process management has become an area of highest priority for most companies in recent years. Business...

The purpose of this paper is to model and analyze the volatility of returns on investment units in voluntary pension funds in Serbia, focusing on five funds: Dunav, Generali Basic, Generali Index, DDOR Garant Ekvilibrio, and Raiffeisen Future. Given the growing significance of voluntary pension...

The contribution of board diversification to corporate financial performance has piqued the interest of numerous researchers and regulators in recent decades. In this context, this paper aims to establish whether there is a connection between the board of directors attributes and the financial...