Business news from Ukraine

Business news from Ukraine

Construction of corn starch processing plant will begin in Serbia

In 2025, construction will begin in Serbia on the largest food industry enterprise in decades—a corn starch processing plant. The project is being implemented by Amelo, part of the Moldovan agro-industrial group Trans-Oil.

Location and scope of the project

The plant will be built in the city of Sremska Mitrovica on the site of the former Checherana sugar factory. The total investment will amount to €35 million. The plant will be able to process up to 250,000 tons of corn per year, producing native and modified starch, as well as corn syrup for the food, pharmaceutical, and chemical industries.

Construction will begin in May 2025 and will last 18–20 months. The project partner is the Chinese company Myande Group, which specializes in equipment for starch production.

Once operational, the plant will create around 150 new jobs. Sremska Mitrovica Mayor Branislav Nedimovic noted that this is one of the largest investments in Serbia’s food industry in the last 40–50 years.

The new plant will increase domestic corn processing, reduce raw material exports, and increase the added value of products. This will strengthen Serbia’s position in the European market for starch and related products.

https://t.me/relocationrs/982

 

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Phoenix Pharma invests €14 mln in construction of distribution center in Serbia

According to SERBIAN ECONOMIST, German pharmaceutical company Phoenix Pharma has announced plans to invest around €14 million in the construction of a modern distribution center in Leskovac, Serbia. The project involves the creation of a 1.5-hectare facility as part of the development of the Leskovac Green Zone, which is positioned as a key logistics and business hub for the region.

Strategic importance of the project

The new center will serve not only the local market but also the entire territory of Serbia, ensuring the efficient distribution of pharmaceutical products, including medicines, food supplements, cosmetics, and medical devices. It is expected to create around 120 jobs, which will be a significant contribution to the development of the region’s economy.

The mayor of Leskovac, Goran Cvetanovic, emphasized the importance of this investment project for the local economy, noting that it contributes to the creation of new jobs and strengthens the position of the “Green Zone” as a key business area.

Phoenix Pharma is a subsidiary of Phoenix Pharmahandel AG & Co KG, one of the largest pharmaceutical distributors in Europe. The company is headquartered in Mannheim, Germany. Phoenix Pharmahandel operates in more than 27 European countries, providing distribution services for pharmaceuticals, medical devices, and related products.

In the 2023 financial year, the group’s turnover exceeded €25 billion, and it employed more than 39,000 people. The company is actively investing in the expansion of its logistics network, including the construction of new distribution centers and the introduction of modern technologies to optimize supply chains.

Phoenix Pharmahandel has an extensive geographical presence, including countries such as Germany, France, Italy, Spain, the United Kingdom, the Netherlands, Belgium, Austria, Switzerland, Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Serbia, and others. The company serves more than 150,000 customers, including pharmacies, hospitals, and other medical institutions, ensuring the timely and reliable delivery of pharmaceutical products.

Source: https://t.me/relocationrs/963

 

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Serbia and French company Eviden launch National Artificial Intelligence Factory

According to SERBIAN ECONOMIST, in April 2025, French company Eviden, part of the Atos group, signed a €50 million contract with the Serbian Ministry of Information Technology and Electronic Governance to establish a National Artificial Intelligence Factory (AI). This project aims to accelerate the development of AI in the country and strengthen technological autonomy using European technologies.

A comprehensive approach to AI development

The National AI Factory will consist of a Center of Excellence and a supercomputing platform designed to support innovation in key sectors such as healthcare, energy, transportation, and public administration. The project will provide access to these resources for government agencies, academic organizations, and businesses.

Technical infrastructure

The project will install a BullSequana XH3000 supercomputer, designed and manufactured at Eviden’s flagship factory in France. The system has a computing power of up to 25 petaflops, includes 300 graphics processors and 2.5 petabytes of data storage. This supercomputer will form the basis of the Center of Excellence, providing the necessary computing power for the development and implementation of innovative AI solutions.

Eviden

In addition, the BullSequana AI software platform will be deployed to accelerate the development of AI applications. The software layer will integrate Mistral AI technology, which provides cutting-edge European generative AI models to support breakthrough solutions.

– International cooperation and training

The project will involve AI experts from Eviden teams in France, the Czech Republic, and Serbia. These experts will ensure the effective application of AI in Serbia’s strategic sectors and will also participate in the recruitment and training of engineers and academic staff across the country, helping to transform the Center of Excellence into a self-sufficient innovation hub.

– Statements from officials

Mihailo Jovanovic, Director of the Information Technology and E-Government Directorate of Serbia, said:

EdTech Innovation Hub

“This partnership with Eviden, a leading European player in supercomputing and AI, is a historic moment for the digital future of our country, demonstrating the spirit of Franco-Serbian cooperation. It is not just a technological leap forward, but also a statement of our commitment to stimulating innovation, developing our economy, and strengthening our position as a regional leader in AI.”

Source: https://t.me/relocationrs/959

 

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Alibaba is considering the possibility of creating a logistics hub in Serbia

The mayor of Niš, Dragoslav Pavlović, has announced the prospects of Chinese e-commerce giant Alibaba coming to southern Serbia. This became possible after the signing of a memorandum of cooperation with the Chinese city of Hangzhou, the birthplace of Alibaba. The document confirms the partnership within the framework of the Digital Silk Road initiative and provides for the intensification of Chinese investment in the region.

According to Pavlovic, the possibility of building an Alibaba logistics center in Nis is being discussed, as well as the implementation of projects in the fields of science and education. However, at this point, there has been no official confirmation from Alibaba or Chinese authorities regarding these plans.

Earlier it was reported that AliExpress, a subsidiary of Alibaba, is considering the possibility of setting up warehouses in Serbia to speed up the delivery of goods to countries in Southeast Europe. According to Serbia Business, such plans were discussed after the Chinese president’s visit to Serbia in 2024.

In addition, as part of the expansion of transport infrastructure in Niš, the Chinese company Shandong Hi-Speed Group has signed a contract to modernize the Constantine the Great Airport. The project, worth more than $153 million, includes the reconstruction of the runway, the expansion of the apron, and the construction of new taxiways.

Thus, Niš is becoming an important center for Chinese-Serbian cooperation, bringing together initiatives in logistics, infrastructure, and digital trade.

Source: https://t.me/relocationrs/949

 

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Industrial production in Serbia in early 2025 slowed down after years of growth

Experts Club Information and Analytical Center has analyzed the dynamics of industrial production in Serbia and its growth trends in Serbia in recent years. At the beginning of 2025, industrial production in Serbia shows a slowdown in growth compared to the previous year. According to Trading Economics, in January 2025, industrial production increased by 0.4% in annualized terms, but in February it recorded a decrease of 1.8% compared to the same period in 2024.

In 2024, industrial production in Serbia showed positive dynamics. In December 2024, growth amounted to 2.7% in annual terms, which was the result of a 9.9% increase in production in the extractive industry and a 5.6% increase in manufacturing.

In order to understand the current trends, let us look at the changes in industrial production in Serbia in recent years, based on the analysis of data collected by the Experts Club for the period from 2000 to 2024.

2000: growth by 10.2%
2001: growth by 1.5%
2002: growth by 1.7%
2003: 3.5% growth
2004: 7.1% growth
2005: 0.8% growth
2006: 4.7% growth
2007: 4.9% growth
2008: increase of 1.1%
2009: decrease of 12.1%
2010: increase of 2.5%
2011: increase of 2.1%
2012: decrease of 1.5%
2013: increase of 5.5%
2014: decrease of 6.5%
2015: increase of 8.3%
2016: growth of 4.7%
2017: increase of 3.9%
2018: growth of 1.3%
2019: increase of 0.3%
2020: decrease of 1.0%
2021: increase of 6.0%
2022: increase of 1.9%
2023: increase of 5.8%
2024: 3.1% growth

The data reflect fluctuations in Serbia’s industrial production over the last 25 years, with periods of both growth and decline. For the last 4 years, industrial production in Serbia has been growing steadily.

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Prime Minister of Kosovo Albin Kurti resigns

Kosovo’s Prime Minister Albin Kurti has resigned, according to Politika. The reasons for the resignation are not specified, but it comes amid ongoing tensions between Kosovo and Serbia.

Relations between Serbia and Kosovo: historical context

Kosovo, formerly an autonomous region within Serbia, unilaterally declared independence on February 17, 2008. Serbia did not recognize this independence and continues to consider Kosovo its territory.

The conflict between ethnic Albanians and Serbs in Kosovo escalated in 1998, leading to armed confrontation. In 1999, after NATO intervention and the withdrawal of Yugoslav troops,

Kosovo came under UN administration. Since then, the region has been the subject of international negotiations and disputes.

Biography of Albin Kurti

Albin Kurti was born on March 24, 1975 in Pristina. He graduated from the University of Pristina with a degree in Computer Science and Telecommunications. In 1997, he became the vice president of the student union and an organizer of peaceful protests against the Serbian government.

During the conflict in Kosovo, Kurti was arrested and sentenced to 15 years in prison, but was released in 2001. In 2005, he founded the Self-Determination movement (Vetëvendosje), which advocates for the full independence of Kosovo.

He first became prime minister in February 2020, but his government was overthrown a few months later. In March 2021, he became prime minister again and held the position until his resignation in April 2025.

Albin Kurti’s resignation could affect the further development of relations between Kosovo and Serbia, as well as the internal political situation in the entire region.

Source: https://t.me/relocationrs/822

 

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