serbia

Engineering, investment and oversight: The role of Owner’s Engineers in driving industrial project success Read More »

Engineering, investment and oversight: The role of Owner’s Engineers in driving industrial project success

Modern industrial facilities — whether energy plants, steel works, logistics hubs, or manufacturing lines — are no longer built in isolation. They are financial assets as much as they are engineering projects. Every pump, transformer, and foundation represents both technical performance and capital investment. Engineering today must therefore serve two masters: This duality has given rise to one of the […]

Nearshoring business services to Serbia: A strategic opportunity on Europe’s edge Read More »

Nearshoring business services to Serbia: A strategic opportunity on Europe’s edge

In recent years, the model of near-sourcing (or nearshore outsourcing) — placing business services in geographically proximate, lower-cost but culturally or legally compatible countries — has gained traction. For Western European, Scandinavian, or even Gulf region firms, Serbia offers a compelling value proposition as a near-sourcing hub. Below, we examine why Serbia is rising in prominence, which business

Serbia proposes temporary takeover of Russian NIS stake amid U.S. sanctions Read More »

Serbia proposes temporary takeover of Russian NIS stake amid U.S. sanctions

Serbian President Aleksandar Vučić has reportedly proposed to a visiting Russian delegation that Serbia could temporarily assume part of Russia’s ownership stake in the oil company NIS. According to local media, the idea is that once international conditions stabilize, the shares would be returned to Russian control. However, unofficial sources suggest that Moscow is not

Serbia: Fuel retailers ramp up imports to counter NIS sanctions and strengthen market resilience Read More »

Serbia: Fuel retailers ramp up imports to counter NIS sanctions and strengthen market resilience

Fuel retailers in Serbia have significantly increased petroleum product imports to counter the effects of sanctions on the national oil company NIS. Tomislav Micovic, Secretary General of the Association of Oil Companies of Serbia, stated that companies had prepared in advance to secure supplies and maintain stability in the domestic fuel market. He noted that

Serbia: Russia offers short-term gas deal amid leverage over NIS ownership Read More »

Serbia: Russia offers short-term gas deal amid leverage over NIS ownership

Russia has offered Serbia a short-term gas supply agreement that would last only until the end of 2025, far shorter than the Serbian Government had expected. President Aleksandar Vučić noted that Serbia had anticipated a deal extending at least until May 2026, making the offer a significant setback. Vučić explained that the limited duration was

Serbia: NIS to pay 2024 dividends on October 22 amid 77% profit drop, shareholders on OFAC SDN list excluded Read More »

Serbia: NIS to pay 2024 dividends on October 22 amid 77% profit drop, shareholders on OFAC SDN list excluded

Serbian oil company NIS has announced that it will distribute dividends for the 2024 financial year on 22 October, with shareholders receiving a gross payment of 0.24 euros per share. The company noted that dividends for shareholders included on the US Treasury Department’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list will

Expert critiques 2008 NIS privatization as major undervaluation, highlights lost strategic opportunities for Serbia Read More »

Expert critiques 2008 NIS privatization as major undervaluation, highlights lost strategic opportunities for Serbia

Professor Dragan Djuricin from the Faculty of Economics in Belgrade criticized the 2008 privatization of Serbia’s oil company NIS, calling it a significant undervaluation of one of the country’s most strategic assets. Djuricin noted that Deloitte, hired by the Serbian government to assess NIS’s value, estimated the company at €2.2 billion for full ownership, excluding

Serbia: Turkish company GridFlex to invest €17 million in electricity storage facility near Leskovac Read More »

Serbia: Turkish company GridFlex to invest €17 million in electricity storage facility near Leskovac

The Turkish energy company GridFlex plans to invest 17 million euros in a new electricity storage facility near Leskovac, local authorities announced following a meeting between Mayor Goran Cvetanović and company representatives. GridFlex specializes in container-based battery storage systems aimed at improving network flexibility, supporting the integration of new energy sources, and contributing to the

Serbia launches Central-Balkan Corridor project to strengthen transmission network and support renewables Read More »

Serbia launches Central-Balkan Corridor project to strengthen transmission network and support renewables

Serbian electricity transmission operator EMS has commissioned the Institute of Architecture and Urban Planning of Serbia to prepare the spatial plan for the Central-Balkan Corridor, a major project designed to increase transmission capacity on the Serbian-Bulgarian border and establish a 400 kV east-west link to replace the existing 220 kV network. The first stage includes

Region: Bulgaria lowers loan interest for gas interconnection project with Serbia Read More »

Region: Bulgaria lowers loan interest for gas interconnection project with Serbia

The Council of Ministers has approved revised conditions for a state-guaranteed loan supporting the construction of the Bulgaria–Serbia gas interconnection. The financing agreement, valued at nearly 50 million euros, was originally signed on January 25, 2023, between gas transmission operator Bulgartransgaz and ING Group. Due to improved market conditions, Bulgaria’s anticipated entry into the Eurozone,

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