In 2027, Belgrade will host the World Expo 2027, a large-scale international event that will take place from May 15 to August 15. For this event, the municipality of Surcin has already begun building infrastructure, including a national stadium, an exhibition center, and new transportation interchanges. One of the key projects in preparation for the exhibition will be the opening of the first metro line, which will significantly change the transport map of the Serbian capital.
The importance of the metro for the city and the real estate market
The first metro line, which has already started construction, will connect key areas of Belgrade, including the exhibition center in Surcin. This project will not only improve transportation, but will also have a significant impact on the cost of housing and land along the route.
Traditionally, real estate prices near metro stations have been on the rise, making this factor one of the main ones for investors. In the case of Belgrade, the impact of the new infrastructure may be even more noticeable given the growing interest in the city ahead of EXPO-2027.
Surcin – the center of events
Surčin, where the bulk of the EXPO-2027 facilities will be concentrated, is becoming the center of attention for both the authorities and developers. The construction of a national stadium, a new railway station and an exhibition complex is already underway. According to official data, the area of the future exhibition center will be 113 hectares, and the total construction area, including the accompanying infrastructure, will reach 167 hectares.
Real estate prices in Surchyn have already started to rise. For example, the cost of apartments has increased several times over the past year. Land plots have also risen in price, especially those located near transportation hubs and future metro stations.
Impact of EXPO-2027 on the development of Belgrade
Preparations for the World Expo involve large-scale investments in the city’s infrastructure. In addition to Surcin, changes will affect other districts of the capital. Work is already underway on the construction of a new bus station, and the modernization of the Prokop railway station is nearing completion.
The subway will also be an important step in the development of Belgrade. The first line will connect key areas of the city, which will reduce the load on the road network and simplify the movement of residents and visitors to the capital.
Forecasts and prospects
Experts agree that EXPO-2027 will have a long-term impact on the real estate market in Belgrade. In addition to the price increase in Surcin, real estate is expected to rise in price along the routes of the future metro, as well as in the central and prestigious areas of the city.
The Serbian government states that EXPO-2027 will be a stimulus for economic growth, attracting foreign investment and improving infrastructure. These changes will make Belgrade even more attractive for tourists, residents and businessmen.
Thus, EXPO-2027 and related projects, including the metro, are opening a new chapter in Belgrade’s development, strengthening its position as one of the key centers of Southeast Europe.
Representatives of the Government of Serbia, the City of Belgrade and PowerChina today signed an agreement for the construction of the first phase of the Belgrade Metro Line 1 worth EUR 720 million.
The agreement for Lot 2 of the first phase of Line 1 of the Belgrade Metro covers the design and execution of works, including preparatory activities and the procurement of TBM machines for tunneling.
The preparatory and construction work is expected to last 45 months plus two years.
The document was signed in the Serbian government building by Minister of Public Investment Darko Glisic, Acting Minister of Construction, Transport and Infrastructure; Acting Deputy Head of the Belgrade City Administration – Secretary of the Public Transport Secretariat Radovan Kremić; Director of the Belgrade Metro and Train Company Andrej Mladenović, together with a representative of the Chinese company Power China Han Jiping.
As noted, the new agreement makes it possible to allocate a separate Lot 2, which will be financed from the Serbian budget and will enter into force immediately, which will facilitate the faster implementation of the construction of the first phase of Line 1 of the Belgrade Metro.
Ukraine International Airlines (UIA, Kyiv) has received an official message from insurance companies about the termination of aircraft insurance for flights in Ukraine’s airspace.
“Due to the foreign policy situation, Ukraine International Airlines has received an official notification from insurance companies to terminate the insurance of aircraft for flights in the airspace of Ukraine. In this regard, UIA, at the request of lessors, sends five Boeing 737-800 aircraft to Spain while retaining other aircraft in the company’s fleet. In addition, two aircraft of the airline are sent for scheduled engine maintenance in Belgrade,” the airline said in the official statement on Monday.
UIA also reported that negotiations are underway with insurance companies, the Ministry of Infrastructure of Ukraine and the State Aviation Service. The airline hopes for mutual understanding.
Earlier, on February 13, a working meeting was held at the Ministry of Infrastructure with the participation of the leadership of the President’s Office, the State Aviation Service of Ukraine, the state-owned enterprise UkSATSE, Boryspil International Airport and Ukrainian airlines on the situation in the air transportation market. As a result of the meeting, a solution was worked out to prevent further aggravation of the situation.
As a source of Interfax-Ukraine notes, Azur Air Ukraine and Windrose were not present at the meeting and did not request assistance with the insurance situation.
Then, also on February 13, the Cabinet of Ministers decided to allocate UAH 16.6 billion from the state budget’s reserve fund to the Ministry of Infrastructure to ensure the safety of aircraft flights in the country’s airspace. The allocated funds cover insured events for at least 23 aircraft.
According to information available to Interfax-Ukraine, SkyUp airline has submitted seven Boeing 737-800 aircraft to the list, Bees Airline – four of the same aircraft. Ukraine International Airlines (UIA) has submitted a list of 12 aircraft: four Embraer ERJ 190-100, six Boeing 737-800 and two Boeing 737-900ER.
The Verkhovna Rada Budget Committee on the evening of February 13 agreed on the redistribution of UAH 16.6 billion of state budget expenditures by reducing expenditures under the public debt service budget program to finance an additional state mechanism for flight safety insurance in Ukraine.
