NBS: Decree on margins lowers inflation in September

In monthly terms, consumer prices receded by 1.6% on average in September, as a result of implementation of the Serbian Government’s Decree on Special Conditions for Trade in Certain Goods which capped wholesale and retail trade margins at 20%...

Vucic says has understanding with Russia on NIS, energy issues

BELGRADE, October 13. /TASS/. Serbian President Aleksandar Vucic has described talks with CEO of Russia’s oil major Gazprom Neft Alexander Dyukov and First Deputy Energy Minister Pavel Sorokin on energy issues and the situation around Serbia’s oil...

3 Quick takes: Her voice on China, women and the future

03:10 At the Global Leaders' Meeting on Women in Beijing, delegates hailed China's progress in empowering women through education, health, and economic opportunity. UN Women's Anna Mutavati said delegates were impressed by China's progress in...

The Geopolitical Choreography of Kosovo’s Local Elections: How Serbia’s Interference Threatens National Security

THE GEOPOLITICAL CHOREOGRAPHY OF LOCAL ELECTIONS IN KOSOVO Why Does Serbia's Interference Pose a Threat to National Security? The significance of Sunday's local elections (October 12) goes far beyond a political competition for the governance of...

Serbia’s economy in uncharted territory amid imminent US sanctions against oil company NIS

Nine months after the US announced sanctions against NIS, which were postponed several times, they are coming into force tomorrow morning. Apparently, the American Office of Foreign Assets Control (OFAC) is imposing restrictive measures for...

Serbia not prepared to seize foreign property in NIS case — Vucic

BELGRADE, October 9. /TASS/. Belgrade is not ready to resort to methods that involve nationalization or "seizing someone else's capital," Serbian President Aleksandar Vucic said commenting on the situation with NIS (Neftna Industrija Srbije),...

Serbia sends humanitarian aid to Russia's Kursk Oblast worth around $6 million, Moscow claims

Serbia provided financial humanitarian aid worth 472 million rubles ($5.8 million) to Russia's war-affected Kursk Oblast, Russia's Foreign Ministry said on Oct. 9. While Moscow framed the assistance as "centuries-old brotherhood" and praised "the...

Serbia faces 'extremely serious' impacts as sanctions hit oil firm

NIS is majority-owned by the oil division of Russian energy giant Gazprom. Photo: OLIVER BUNIC / AFP/File Source: AFP Serbia's president warned that US sanctions on the Russian-controlled operator of the Balkan nation's only oil refinery that took...

Serbia faces energy strain as U.S. sanctions hit key oil company NIS

BELGRADE, Oct. 9 (Xinhua) -- Serbian President Aleksandar Vucic confirmed that the United States has fully imposed sanctions on Serbia's oil company Naftna Industrija Srbije (NIS) on Thursday, citing its majority Russian ownership. He warned in a...

Belgrade faces fallout as US sanctions Russian-owned NIS refinery

U.S. sanctions on Serbia's Russian-owned Petroleum Industry of Serbia (NIS), which runs the country's sole refinery, came into force Thursday after months of delays. The U.S. sanctioned NIS in January as part of its crackdown on Russian energy,...

Croatia's JANAF eyes buying Russia's 20-25% stake in Serbia's NIS — minister

BELGRADE, October 10. /TASS/. JANAF, the Croatian operator of the Adriatic oil pipeline, is interested in acquiring Russia's 20-25% stake in Neftna Industrija Srbije (NIS), Croatian Minister of Economy and Sustainable Development Ante Susnjar told...

Serbia Braces For Fallout After US Sanctions On Oil Firm NIS Take Force

The US Office of Foreign Assets Control (OFAC) said sanctions against the Russian-owned Oil Industry of Serbia (NIS), Serbia's sole crude oil refiner, have taken force after several delays, a move that could hit the Balkan nation hard. NIS said on...

Serbia to Introduce National CO2 Tax from January

Serbia will implement a national CO2 tax starting 1 January, targeting industrial emissions as part of efforts to align with EU environmental standards. The tax aims to encourage companies to reduce carbon emissions while providing a potentially...

Toyo Tires announces new R&D center in Serbia

Toyo Tires has announced plans to establish an R&D laboratory on the premises of the Toyo Tires Serbia Factory. The facility is scheduled to become operational in January 2027 and is intended to further strengthen the group’s capabilities in...

Russian Ambassador to Serbia Calls US Sanctions against Serbian Oil Company Political Decision

Russian Ambassador to Serbia Aleksandr Botsan-Kharchenko told TASS on Thursday that the imposition of sanctions by the US against the Serbian multinational oil and gas company Naftna Industrija Srbije (NIS) is all politics, and Russia, for its...

Market Close: A green day at least, but fairly uneventful – how Friday goes is anybody’s guess

Join our daily newsletter At The Bell to receive exclusive market insights Good Afternoon and welcome to HotCopper’s Market Close for Thursday 9th of October. At least it was a green day! The XJO was tracking for a flattish green finish in the...

Serbia appalled by Türkiye's arming of Kosovo: president

BELGRADE, Oct. 8 (Xinhua) -- Serbian President Aleksandar Vucic and other top officials condemned Türkiye's delivery of thousands of kamikaze drones to Kosovo on Wednesday, calling it a grave violation of international law. Vucic said he was...

Botsan-Kharchenko: NIS well prepared for sanctions, Russia will not turn its back on Serbia

BELGRADE - Russian Ambassador to Belgrade Alexander Botsan-Kharchenko said on Thursday his embassy was in constant contact with the management of Serbia's Russian-majority owned oil firm NIS, and noted that the company was well prepared for US...

Hungary’s Szijjártó: MOL to supply more oil, fuel to Serbia amid sanctions

The United States has imposed sanctions on Serbian oil refiner and fuel distributor NIS, controlled by Russian Gazprom’s subsidiaries. Except for a small share of domestic production, the company was getting all its oil through the Croatian...

Governments of Serbia, Vojvodina province hold joint session in Sombor

SOMBOR - The governments of Serbia and Serbia's northern Vojvodina province held a joint session in Sombor on Friday. Finance Minister Sinisa Mali said good functioning of the public finance system implied intensive cooperation with all national...