Some of the international brand-names established production in Serbia: PepsiCo and Nestlé in food-processing sector; Coca-Cola (Belgrade), Heineken (Novi Sad) and Carlsberg (Backa Palanka) in beverage industry; Nordzucker in sugar industry. Digital television transition has been completed in 2015 with DVB-T2 standard for signal transmission.Serbia is not a mass-tourism destination but nevertheless has a diverse range of touristic products. Most of the electricity produced comes from thermal-power plants (72.7% of all electricity) and to a lesser degree from hydroelectric-power plants (27.3%). The principal area of commercial agriculture is the Vojvodina region and Hillsides are used mainly for raising animals. More than 2 million tonnes of cargo were transported on Serbian rivers and canals in 2016 while the largest river ports are: Novi Sad, Belgrade, Pancevo, Smederevo, Prahovo and Sabac.Fixed telephone lines connect 81% of households in Serbia, and with about 9.1 million users the number of cellphones surpasses the total population of by 28%. There are several internationally popular music festivals held in Serbia, such as EXIT (with 25–30,000 foreign visitors coming from 60 different countries) and the Guca trumpet festival.Law on Descendants of Petrovic Njegos Dynasty (Montenegro)HRH Crown Prince Alexander Foundation for EducationWebsite royalfamily.org uses cookies to improve your browsing experience on our website, to analyze our website traffic, and to understand where our visitors are coming from.
In 2016, the CEFTA countries were the second largest trading partners of Serbia.Serbia signed a free-trade agreement with EFTA members (Switzerland, Norway, Iceland) in 2009.The Serbian free-trade agreement with Russia was implemented since 2000; for a limited number of products, annual import quotas remain in effect.
38% cable television, 17% IPTV, and 10% satellite). Serbia is world’s second largest producer of plums (582,485 tonnes; second to China), second largest of raspberries (89,602 tonnes, second to Poland), it is also a significant producer of maize (6.48 million tonnes, ranked 32nd in the world) and wheat (2.07 million tonnes, ranked 35th in the world). Main industrial sectors include: automotive, mining, non-ferrous metals, food-processing, electronics, pharmaceuticals, clothes. Global lockdown measures also negatively impacted the …
Nominal GDP in 2019 is projected to reach $51.523 billion, which is $7,397 per capita, while GDP based on purchasing power parity (PPP) stood at $129.298 billion, which is $18,564 per capita.
Total length of roads is 45,419 km of which 962 km are “class-IA state roads” (i.e.
After almost a decade of strong economic growth (average of 4.45% per year), Serbia entered the recession in 2009 with negative growth of −3% and again in 2012 and 2014 with −1% and −1.8%, respectively. Although still a major mode of freight transportation, railroads face increasing problems with the maintenance of the infrastructure and lowering speeds.
Serbia has 14 free economic zones as of September 2017, in which many foreign direct investments are realised.Automotive industry (with Fiat Chrysler Automobiles as a forbearer) is dominated by cluster located in Kragujevac and its vicinity, and contributes to export with about $2 billion. The major rail hub is Belgrade (and to a lesser degree Nis), while the most important railroads include: Belgrade–Bar (Montenegro), Belgrade–Sid–Zagreb (Croatia)/Belgrade–Nis–Sofia (Bulgaria) (part of Pan-European Corridor X), Belgrade–Subotica–Budapest (Hungary) and Nis–Thessaloniki (Greece). The unemployment remains an acute problem, with rate of 12.7% as of 2018.In the late 1980s, at the beginning of the process of economic transition from a planned economy to a market economy, Serbia’s economy had a favourable position in comparison to most of the Eastern Bloc countries, but it was gravely impacted by the Yugoslav Wars and UN sanctions and trade embargo during the 1990s. This lag largely reflected the long association of the southern regions with the After the break with the Soviet bloc in 1948, worker Although self-management permitted a degree of flexibility in managerial Not only did Serbia suffer from the loss of established markets and sources of raw materials in the other republics, but its labour forces exhibited markedly low Agriculture has long been the mainstay of Serbia’s economy.
As of 2018, there were 1,999,771 registered passenger cars or 1 passenger car per 3.5 inhabitants.Serbia has 3,819 kilometres of rail tracks, of which 1,279 are electrified and 283 kilometres are double-track railroad.
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