Serbia: Economic situation
At a Glance
17-07-2015
For decades, Serbia’s economy has been in a state of ongoing crisis. It was severely weakened by the long period of international economic sanctions, the civil war, and the damage caused to infrastructure and industry in the 1990s. The international financial crisis and multiple rounds of elections also delayed necessary reforms. In 2014, Serbia started negotiations for EU membership. In economic terms, it aims to build a fully functional market economy, by addressing overdue reforms. Economic recovery is a top priority for the government elected in 2014. The challenge is to achieve growth, competitiveness and new jobs in a tight fiscal environment.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- accession negotiations
- BUSINESS AND COMPETITION
- business classification
- corruption
- criminal law
- economic conditions
- economic geography
- economic recession
- economic recovery
- economic reform
- economic situation
- economic structure
- ECONOMICS
- EU finance
- Europe
- European construction
- EUROPEAN UNION
- export policy
- FINANCE
- financing and investment
- fund (EU)
- GEOGRAPHY
- investment policy
- LAW
- legal system
- organisation of the legal system
- political geography
- private sector
- public sector
- Serbia
- TRADE
- trade policy
- trade policy