Business news from Ukraine

Business news from Ukraine

Ukrainian film “Two Prosecutors” hits Serbian theaters

According to Serbian Economist, two notable premieres are expected in Serbian cinemas in January: the family teen film “The Second Diary of Paulina P.” by Croatian director Neven Hitrec and the historical drama “Two Prosecutors” by Ukrainian director Sergei Loznitsa.

The sequel to The Diary of Paulina P. will be released in Serbian cinemas on January 22. In the plot, the main character Paulina is now 11 years old and faces new challenges at school and at home.

Loznitsa’s film “Two Prosecutors” reportedly hit Serbian screens in early January. The film is based on the novella of the same name by Georgy Demidov and tells a story set in the USSR in 1937 against the backdrop of the Stalin era.

Two Prosecutors had its world premiere in Cannes and was awarded the Golden Tower as the best film in the main competition program of the 32nd European Film Festival in Palić.

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Ukrainians are among top five most active tourists in Montenegro

According to the Serbian Economist, citizens of Ukraine ranked fifth among the key foreign tourism markets of Montenegro in terms of the share of overnight stays in 2025, providing about 4% of all overnight stays in the first seven months of the year, according to the review of the Serbian Economist with reference to data from Monstat and the National Tourism Organization (NTO).

According to the structure given in the material, the largest share of overnight stays in January-July 2025 was formed by guests from Serbia (22.8%), the Russian Federation (16.7%), followed by tourists from Bosnia and Herzegovina (about 8%) and Turkey (5%), followed by Ukraine (4%).

Serbian Economist also notes that 2025 recorded an increase in the number of trips with a decrease in the length of stay: in the first nine months of 2025, Montenegro was visited by 2.415 million tourists (about +5% compared to the same period in 2024), with more than 8.2 million overnight stays recorded by July (4.3% less year-on-year), and the average length of stay decreased to 5.6 days from 6 days in 2024.

 

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Serbia discusses combining presidential and parliamentary elections

According to Serbian Economist, Serbia is discussing the possibility of holding presidential and parliamentary elections on the same day, although the next elections are scheduled for 2027.

Political experts link the possible appointment of elections to an earlier date, including 2026, with the political calculations of Serbian President Aleksandar Vučić and the results of regular public opinion polls, rather than with formal calendar frameworks.

Combining the presidential and parliamentary elections could give Vučić the opportunity to head the parliamentary list and position himself as a candidate for prime minister, but the nomination of a strong candidate in the presidential election potentially creates a separate center of political capital within the ruling coalition.

At the same time, the leader of the Serbian Progressive Party, Miloš Vučević, has previously stated that combining parliamentary and presidential elections “is not an issue” on which there is currently a decision or a specific plan, and that such issues are resolved “in accordance with the law and the Constitution,” taking into account the overall political and social situation.

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China to supply Serbia with wind turbines worth half billion euros

Chinese state-owned company Dongfang Wind Power has signed a contract worth 495 million euros within the framework of the Belt and Road Initiative to supply 48 wind turbines for a 300 MW wind power project in Serbia, Serbian Economist reports, citing the Chinese industry portal Seetao.

According to the sources, Dongfang has conducted detailed site studies and optimized the turbine design taking into account Serbian standards, climatic conditions and power grid parameters. The investor and contractor of the project is China Power Construction Group (PowerChina).

The project, which has been linked in publications to the Vetrozelena wind power plant in the Pancevo region (Vojvodina), involves the installation of turbines with a unit capacity of about 6.25 MW. The expected generation is estimated at about 750-774 million kWh per year.

Vetrozelena is the largest wind power plant under construction in Serbia, with Čibuk 1 with a capacity of 158 MW being the largest operating wind power facility in the country.

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Serbian Chamber of Commerce and Industry: square meter in Belgrade costs average of €2,400

According to Serbian Economist, real estate prices in Serbia are market-driven and not “inflated,” said Ervin Pashanovich, a member of the board of the Association of Real Estate Agents of the Serbian Chamber of Commerce and Industry (Privredna komora Srbije).

According to him, the real estate market in the country remains “free” and without interference, and price levels are confirmed by demand. He noted that the average price per square meter of housing in Belgrade is about €2,400, with attention often focused on the most expensive projects, although there are different price levels on the market.

Pasanovic also pointed out that the majority of purchases are made by citizens seeking to resolve their housing issues, rather than investors, since, in his estimation, rental yields imply a long payback period: an apartment costing €100-150,000 can be rented for around €600 per month, which corresponds to a 24-30 year return on investment.

He added that the share of buyers purchasing housing with loans has reached a record 36%, and the share of foreigners among real estate buyers in Serbia is about 2%.

Pasanovic also commented on the application of the law on simplified accounting and registration of property rights, noting that the possible entry into the market of some previously unaccounted properties, in his opinion, will not lead to a noticeable decrease in prices, since a significant part of them are not located in central areas.

According to data from the Republic Geodetic Authority of Serbia (RGZ), in the third quarter of 2025, the average price of apartments on the secondary market in Belgrade was €2,691 per square meter, and in new buildings, €2,598 per square meter.

The RGZ reported that the total volume of the Serbian real estate market in the third quarter of 2025 was estimated at €1.8 billion with 30,511 sales contracts, and apartment transactions accounted for about 60% of the total market value (€1.1 billion).

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Vucic announced dates for early parliamentary elections in Serbia

According to Serbian Economist, Serbian President Aleksandar Vucic said that early parliamentary elections in the country could be held in October, November, or December 2026, the Beta agency reported.

According to Vučić, the date of the elections will depend on the agreements of the political participants, if they are ready for dialogue.

Student groups have previously demanded the appointment of early elections, while part of the opposition claims that the authorities are in no hurry to announce them.

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