Business news from Ukraine

Business news from Ukraine

Apartment prices in Serbia in 2025: new realities and prospects

Serbia continues to attract both local and foreign investors due to its stable real estate market and attractive living conditions. In 2024, housing prices remain one of the most discussed topics due to high demand and limited supply, especially in the capital city of Belgrade.

Housing prices in Belgrade continue to rise. In popular central areas such as Vračar, the Old Town and New Belgrade, the cost per square meter ranges from 3,000 to 5,000 euros. In the less prestigious and more remote areas, prices range from 1,500 to 2,800 euros per square meter, making them more affordable for young families and those looking for budget options.

In Novi Sad and Nis, other major cities in Serbia, the cost of housing remains stable: a square meter costs an average of 1,400-1,800 euros, and in some suburbs prices can drop to 900-1,000 euros.

Serbia remains an attractive destination for citizens of many countries. Convenient location, a simplified process of obtaining a residence permit and an affordable cost of living – all this attracts new buyers to the real estate market. There is a shortage of housing in Belgrade, especially in prestigious areas. This stimulates the growth of prices for secondary housing and increases the cost of apartments under construction. Improved transport accessibility, construction of new schools and shopping centers make certain areas more popular, which also contributes to price growth.

Vera Egorova-Tolstaja, an expert at the Belgrade real estate agency Vidovstan, notes that in 2025 the real estate market in Serbia will continue to show growth, although the pace may slow down. According to her, the main forecasts include moderate price growth, an increase in new construction and continued high interest in Serbian real estate from foreign buyers. According to the expert, increased competition between construction companies will lead to more affordable options in the economy class segment.

For those planning to buy a home in 2025, it is important to consider the following recommendations. First, set a budget and take into account all additional costs: taxes, notary services, and agent commissions. Second, research the market and compare prices in different neighborhoods. Third, seek professional help: the services of realtors or legal advisors will help you avoid mistakes. Finally, consider new buildings, as buying a home under construction can be a profitable investment.

The real estate market in Serbia in 2025 is showing steady growth, remaining attractive to investors and new residents of the country. Despite rising prices, Serbia offers a variety of housing options suitable for different categories of buyers. If you are planning a relocation or investment, now is a good time to choose a property while the market is still in the process of forming new opportunities.

Source: https://news.relocation.rs/tseny-na-kvartiry-v-serbii-v-2025-godu-novye/

Embassy of Serbia resumes work in Kyiv

Ambassador of the Republic of Serbia to Ukraine Andon Sapunji presented his credentials at the Ministry of Foreign Affairs of Ukraine, the Serbian Foreign Ministry confirmed.

The Ukrainian Foreign Ministry reported that Mishchenko congratulated Sapunji on the start of his mission in Ukraine, emphasized the resumption of the work of the Serbian Embassy in Kyiv and expressed readiness to further develop and strengthen friendly Ukrainian-Serbian relations.

On March 3, 2022, after the start of Russia’s attack on Ukraine, the Ministry of Foreign Affairs of Serbia announced the temporary closure of the Embassy of Serbia in Ukraine for security reasons. The staff continued to perform their duties from Belgrade until conditions for their return became possible.

Diplomatic relations at the embassy level between Ukraine and the Federal Republic of Yugoslavia (FRY) were established on April 15, 1994.

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Serbia signs contract with Chinese company for construction of first metro line in Belgrade

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.

Source: https://novaekonomija.rs/vesti-iz-zemlje/potpisan-sporazum-o-izgradnji-prve-faze-linije-1-beogradskog-metroa

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Serbia to donate €8.4 mln worth of generators and transformers to Ukraine – Vucic

Serbia will donate €8.4 million worth of generators and transformers to Ukraine as humanitarian aid, Serbian President Aleksandar Vucic said in an interview with Serbian TV channel Prva TV.

“We have collected generators and transformers worth 8.4 million euros for Ukraine,” the president said.

According to him, the new Serbian ambassador to Ukraine will hand over this aid.

Earlier, the Serbian government provided humanitarian aid to Ukraine in connection with the disaster in Kherson region that occurred after the explosion of the Kakhovka hydroelectric power plant.

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Floods kill 19 people in Bosnia, EU, Serbia and Croatia offer help

The death toll from the devastating floods in Bosnia and Herzegovina, which are being called the worst in decades, has already reached 19. On the morning of October 4, it was reported that heavy rains in Bosnia on Friday night had flooded several cities in the central and southern parts of the country.
After 16 people died in the municipality of Jablunice, rescuers also found the bodies of three people in the city of Fojnice, where the bad weather destroyed many houses and outbuildings.
Against this backdrop, Serbian President Aleksandar Vucic and Croatian Prime Minister Andrej Plenkovic agreed to provide all necessary assistance to Bosnia and Herzegovina.
Vucic previously noted that Serbia could send rescue helicopters and boats, as well as provide financial assistance.
And the Croatian prime minister said that his government is in constant contact with the head of the Council of Ministers of Bosnia and Herzegovina, Borjana Krishto, and is ready to provide “all the necessary assistance in eliminating the consequences of the flood.”
The EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, also confirmed the readiness to help. He noted that Bosnia could benefit from the EU’s Civil Protection Mechanism, which it joined in 2022.

Source: http://relocation.com.ua/%D1%83-%D0%B1%D0%BE%D1%81%D0%BD%D1%96%D1%97-%D0%B2%D0%B6%D0%B5-19-%D0%B7%D0%B0%D0%B3%D0%B8%D0%B1%D0%BB%D0%B8%D1%85-%D1%83%D0%BD%D0%B0%D1%81%D0%BB%D1%96%D0%B4%D0%BE%D0%BA-%D0%BF%D0%BE%D0%B2%D0%B5%D0%BD/

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Serbia plans to reopen its embassy in Kyiv

Ukrainian Foreign Minister Andriy Sybiga held talks with Serbian Foreign Minister Marko Djuric in New York.

“I met with Marko Djuric. We highly appreciate Serbia’s support for Ukraine’s sovereignty and territorial integrity and participation in the Peace Formula. I informed him about the Russian attacks on our energy system. I welcome Serbia’s decision to reopen its embassy in Kyiv this year,” Sibiga wrote on social media site X.

On May 13, Ukrainian Foreign Minister Dmytro Kuleba announced after a meeting with the Serbian head of state that Serbian President Aleksandar Vucic had agreed to hold a Ukrainian-Serbian business forum in the near future, as well as to reopen the Serbian embassy in Ukraine for the first time since March 2022.

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