Serbia has free trade agreements with both the EU and Russia, which has made Serbia a hub for foreign companies interested to expand and export to Eastern Europe. The capital Belgrade is a popular centre for foreign companies establishing operations in Serbia, Montenegro and Macedonia.
Serbia's main industries include automotive, metals, furniture and food processing industries. Business Sweden also recognises numerous opportunities for Swedish companies in new industries, especially in technologies related to the mining sector and the rollout of smart meters, as well as solutions that can contribute to cost efficiency and increased quality within the healthcare sector.
Sweden's annual export to Serbia worth over SEK 1Bn and is growing steadily. The export mainly consists of engineering products, paper and cardboard. Serbia export to Sweden includes food and industrial manufacturing. The country’s main trading partners are Italy, Germany, Russia and Austria. Companies from these four countries are also the dominating investors in Serbia.
Business Sweden in Vienna is the regional office that supports Swedish companies in Austria, Switzerland, Slovenia, Croatia and Hungary, and handles requests for Serbia, Montenegro, Macedonia, Bosnia & Herzegovina, Kosovo and Albania. The office helps Swedish companies seeking to establish presence in Serbia with services such as business creation, business development support, stakeholder management and recruitment.
Business Sweden in Serbia has identified the following business areas as particularly interesting for the future:
- Technology to increase sustainability, safety and productivity in the mining industry
- Technology associated with the roll-out of smart meter readers in the energy sector
- Solutions that can facilitate cost efficiency and increase quality in the healthcare sector
Are you interested in learning more? Do not hesitate to contact us directly per phone or via the contact form below.