Business news from Ukraine

Business news from Ukraine

Serbia has financed creation of textbooks for schools in Ukrainian

According to Serbian Economist, the Serbian Ministry of Education has announced the financing of educational materials for migrant schoolchildren, including the translation and adaptation of materials into Ukrainian, as the language barrier remains one of the key challenges in integrating children into the education system.

Education Minister Dejan Vuk Stankovic noted that more than 5,500 migrant and asylum-seeking students have consistently passed through the Serbian education system. According to him, the ministry continues to support schools where migrant children study: mentors and external consultants are involved, and teaching materials are translated into the students’ native languages, currently Ukrainian and Arabic.

Stankovic reported that as part of this work, training events were held for more than 4,000 educators, teachers, principals, and support specialists, and more than 70 schools received support through grants. In addition, more than 3,000 individual support plans have been prepared and more than 10,000 additional classes have been held; support measures also included the distribution of books, textbooks, and school supplies.

The ministry also noted that the work on translating materials and supporting schools is being carried out with the participation of international partners. However, the amount of expenditure and the number of textbooks printed or materials translated into Ukrainian were not disclosed in the ministry’s public statements.

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U.S. has issued license to NIS until January 23, 2026

According to Serbian Economist, the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) has issued a temporary license to Serbian oil company NIS, controlled by Russian shareholders, to continue operating until January 23, 2026, said Serbian Minister of Mining and Energy Dubravka Djedovic-Handanovic.

According to her, the decision means the resumption of operations at the Pančevo refinery after a 36-day pause. U.S. restrictions, which came into effect in the fall, had earlier blocked oil supplies via the refinery’s only crude import route – through Croatian pipeline operator JANAF.

NIS operates a refinery with a capacity of 4.8 million tons per year and the largest network of gas stations in Serbia (327 stations), providing about 80% of fuel consumption in the domestic market.

Earlier OFAC gave NIS a deadline of March 24 to negotiate the sale of the Russian owners’ stake; in the company’s capital structure Gazprom owns 11.3%, Gazprom Neft – 44.9%, the Serbian state owns 29.9%. Serbian President Aleksandar Vucic reported that Gazprom was in talks with Hungary’s MOL about a possible deal.

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Vucic announces return of conscription in Serbia

According to Serbian Economist, Serbian President Aleksandar Vucic has announced that the country plans to introduce regular conscription in the near future.

According to him, the term of service may be about 75 days, with the final parameters still being clarified. Vučić also noted that the service should promote responsibility among young people and will not be as harsh as before.

Vučić added that Serbia continues to rearm in order to deter a possible aggressor and intends to remain out of the war.

Croatia has also announced a return to compulsory military service: in October 2025, the country’s parliament approved the reinstatement of conscription, providing for two months of basic training, with the first conscripts scheduled to be recruited in 2026.

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Vucic announced early parliamentary elections in Serbia in 2026

According to Serbian Economist, Serbian President Aleksandar Vucic said that early parliamentary elections will be held in the country in 2026.

Speaking to supporters outside the National Assembly building, Vučić said that the authorities had agreed to the protesters’ main demand:

“We have accepted their main demand, and soon, next year, we will go to the polls. Only they will not be so happy when the votes are counted. We are going to defeat them everywhere in Serbia,“ he said.

The Tanjug news agency specifies that the president separately emphasized the need to comply with democratic rules and that ”the country should be ruled by those who receive the majority, not those who think it is better to set fire to buildings.”

No specific date has been set for early parliamentary elections yet. Vučić spoke of voting “next year” and made it clear that he expects a campaign in which the ruling Serbian Progressive Party (SNS) will try to confirm its dominance at the national level.

The last parliamentary elections in Serbia were held early in December 2023; at that time, Vučić’s party and its allies retained their majority in the Skupština amid protests by the opposition, which challenged the fairness of the vote.

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China’s CCSC to start building cable factory in Serbia in January

According to Serbian Economist, China’s CCSC Technology International Holdings Limited has announced that construction of a cable factory and logistics center in the Serbian municipality of Merosina is scheduled to begin in January 2026.

The company had previously expected work to start in November 2025, but has postponed the deadline. The new schedule was announced during the presentation of financial results for the first half of fiscal year 2026, which ended on September 30, 2025.

As noted in the announcement, the project in Merosina is scheduled for completion at the end of 2026. Once completed, the facility is expected to become the company’s logistics and manufacturing hub for its European operations.

The investment has been discussed with local authorities before: it was reported that the Chinese partners’ enterprise in Merosina could provide about 200 jobs.

CCSC specializes in the production of cables, connectors, and cable harnesses, which are used, in particular, in the automotive industry, robotics, and medical equipment.

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First Belgrade Film Festival will take place at end of January 2026

According to Serbian Economist, the first Belgrade Film Festival (Beograd Film Festival, BFF) will be held in the Serbian capital from January 30 to February 6, 2026, which the organizers are positioning as a new platform for screening notable world premieres and festival films. The main venue will be the mts Dvorana cinema in the center of Belgrade.

The festival will open with a special screening of Jim Jarmusch’s new film Father Mother Sister Brother, and the program also includes other high-profile works, such as Fatih Akin’s Amrum and François Ozon’s Stranac (The Stranger) by François Ozon, which will be presented to the Belgrade audience as part of the BFF.

The concept of the festival is to combine auteur cinema, festival hits, and new works by masters in one program, making Belgrade one of the stops on the European festival calendar.

According to published information, festival films are being screened at mts Dvorana in the usual cinema format, with tickets sold at the cinema box office and online (including eFinity).

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