From 2026, Serbia will fall under the EU’s Carbon Border Adjustment Mechanism (CBAM), which imposes additional costs on carbon-intensive exports to the Union. According to the Fiscal Council, the state-owned power utility EPS, which supplies most of the country’s electricity, will be the first to face these pressures. The added costs are expected to ripple […]
Serbia poised to buy Gazprom’s stake in NIS to resolve sanctions issue by year-end Read More »
Serbian media report that the issue surrounding oil company NIS, caused by U.S. sanctions, is expected to be resolved by the end of the year. The most likely solution under consideration is for the Serbian state to acquire part of the 11.3% stake currently owned by the company Intelligence, a subsidiary of Gazprom. Currently, Russian
Hungarian oil company MOL is set to expand its fuel storage terminal in Sremski Karlovci through a new round of investment. The expansion involves acquiring additional land from Dunav Oil and partnering with Naftachem, which will oversee construction and project execution. The move is expected to significantly increase MOL’s storage capacity in Serbia and reinforce
Serbia as a re-export hub: Europe’s gateway to third markets Read More »
In an increasingly globalized supply chain environment, Serbia is emerging not only as an engineering and manufacturing base but as a strategic re-export hub for EU companies aiming to access third markets. By combining favorable trade agreements, geographic positioning, and a growing industrial ecosystem, Serbia can serve as a fulcrum for exports into the Eurasian, Middle Eastern,
Čačak sits in the heart of Serbia with an asset mix that plays perfectly to near-sourcing: a deep regional talent catchment, motorways that cut transit times to major hubs, and operating costs that let you scale shared business services (SBS) without compromising quality. For EU clients, it delivers CET-hour coverage, cultural proximity, and audit-ready execution.
The new currency of trust: Where technical risk meets financial consequence Read More »
In modern infrastructure, oversight isn’t a paperwork ritual—it’s a translation exercise. Design choices, test results, and schedule slips must be converted into hard numbers a credit committee can act on. That alignment of technical risk with financial consequence has become the essence of how projects get financed, built, and handed over. Why this shift is
When ESG gaps halt financing: The Owner’s Engineer’s role in industrial projects Read More »
In industrial construction today, an ESG non-conformity can hold a loan tranche as effectively as a failed transformer test. Lenders and investors now expect the Owner’s Engineer (OE) to treat environmental, social, and governance risks with the same rigor as design and quality—because the financial consequences are real and immediate. Why ESG non-conformities matter to
Construction is no longer judged only by the concrete poured or steel erected. It is now a multidisciplinary process of assurance, where every cubic meter, test result, and inspection report must align with financial drawdowns, ESG obligations, and lender-defined governance frameworks. In this environment, technical supervision and financial compliance have merged into one continuous oversight system.The result: projects that
Engineering builds physical assets; finance builds the means to make them possible. Historically, they operated in parallel — engineers focused on drawings and structures, financiers on spreadsheets and returns. But as projects grew larger, riskier, and more complex, the separation between technical and financial decision-making became untenable. Today, they are inseparable: a bridge, turbine, or industrial plant
Behind every wind farm, factory, or transmission line lies a web of financing. Modern infrastructure projects are rarely financed from a single balance sheet — instead, they are structured through project finance, where banks, export credit agencies, and international financial institutions (IFIs) provide the bulk of the capital. In this system, money only flows as risk becomes measurable. That
