Serbia and Romania have excellent bilateral relations, but also great opportunities for strengthening business ties and economic cooperation, especially in the energy, logistics, trade and tourism sectors, it was pointed out at the meeting between Mihai Vesović, Director of the Department for Internationalization of the Chamber of Commerce and Industry of Serbia and Mihai Daraban, President of the Romania Chambers of Commerce. "I also discussed the potential of the Danube River with the representatives of the Romanian Chamber of Commerce regarding the possible implementation of a large number of cross-border and regional projects. Also, a big Serbian-Romanian Business Forum is expected to be held in Belgrade soon," Vesović said after the meetings in Bucharest. During his working visit to Romania, Vesović participated in the multilateral meeting of the Carpathian Initiative, which was attended by the director of the European Chamber (Euchambers) Ben Buters, as well as the presidents of the chambers of commerce of Romania, Poland, and Ukraine. The participants pointed out the importance of strengthening multilateral cooperation and regional initiatives, and sustainabilit. Environmental protection and strengthening the competitiveness of this region were highlighted as the most important topics.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/Vesovic-Bukurest (3)1.jpg" id="image-tag-1676537269879" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="778"></div>

DANUBE- A Strong Point for Cooperation between Serbia and Romania

Cooperation between Serbia and Italy in the fields of innovative technologies, trade, and logistics, as well as joint efforts to open new markets and strengthen existing business ties, is key to further enhancing economic and investment collaboration between the two countries. This was emphasized at the Business Forum "Serbia – Nord Est Italy – Regional Business Networking" held at the Chamber of Commerce and Industry of Serbia (CCIS).
Serbian President Aleksandar Vučić invited Italian businesspeople to invest in Serbia and expressed gratitude to Italian Prime Minister Giorgia Meloni and Foreign Minister Antonio Tajani for the exceptional respect they show towards Serbia, noting that relations between Rome and Belgrade are currently at a high level.
"I am delighted to be here today, and discussions with business representatives from the regions of Friuli Venezia Giulia, Veneto, and Trentino are of great importance to us," said Vučić during his address at the Business Forum.
He highlighted that trade exchange with Italy has surpassed €5 billion annually for the first time, while service exchange stands at €650 million. He expressed confidence that trade with Italy will continue to grow in the coming years, emphasizing the need to further attract Italian investors and for Serbian companies to invest in Italy as well.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03758-2.jpg" id="image-tag-1733308042928" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1408"></div>
Serbian Prime Minister Miloš Vučević announced a joint session of the governments of the two countries to be held on January 31.
"This meeting should bring new strength and energy to overall Serbian-Italian relations, particularly in the economic field," Vučević said.
The key message from the government and President Vučić is that Serbia will safeguard peace and stability in the country and the region while continuing its accelerated path toward European integration, the Prime Minister emphasized. Vučević also noted that Italian capital-funded companies in Serbia employ 30,000 people, primarily in the banking and insurance sectors.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03693-2.jpg" id="image-tag-1733308066894" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1403"></div>
Italian Ambassador to Serbia Luca Gori stated that the Forum's organization demonstrates exceptional progress in bilateral relations between Serbia and Italy. "This is a future we will build together in every sense and aspect," said Gori. He added that to further bring the two countries closer, simplifying customs procedures is essential, citing the Port of Trieste as a key point of cooperation.
Alessandro Minon, President of the Italian company Finest, emphasized that the collaboration between Nord Est and Finest with countries like Serbia is crucial for opening new markets and strengthening ties between Serbia and Italy.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03685-2.jpg" id="image-tag-1733308082924" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1401"></div>
President of the Chamber of Commerce and Industry of Serbia (CCIS) Marko Čadež noted that the Business Forum gathered 115 Italian and Serbian companies and highlighted the importance of introducing Serbian businesses to the potential of the Friuli Venezia Giulia, Veneto, and Trentino regions.
According to Čadež, these regions invest heavily in innovation, which is essential for enhancing company competitiveness and the business environment.
“This region is not just a market of 6.6 million people but also a hub of 700,000 enterprises and a significant logistics center,” Čadež stated.
"A notable number of companies here are engaged in green and energy transition, high-tech applications, food production innovations, infrastructure development, and mobility advancements," he added.
He invited Italian businesspeople to explore the specialized EXPO 2027 exhibition and the business opportunities it offers.As part of the Forum, B2B meetings were held between Serbian and Italian companies, with the majority representing sectors such as agrotechnology, energy, green transition, transportation, logistics, construction, healthcare, artificial intelligence in the industry, environmental protection, smart cities development, sustainable mobility, finance, insurance, and ICT.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03808.jpg" id="image-tag-1733308123921" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1417"></div>

Serbia and Italy: Partnership for Success

The Suzhou Innovation Park, China, is considering establishing a Business Center in Serbia for Chinese companies aiming to expand their operations, introduce innovative solutions to international markets, and collaborate with Serbian firms in knowledge and advanced technology exchange. This was highlighted today in Beijing during a meeting between Marko Čadež, President of the Serbian Chamber of Commerce and Industry of Serbia(SCC), and the Suzhou delegation, led by Gina Zhang, Head of the Investment Promotion Committee of the park.
The SCC is also interested in organizing a “showroom” for Serbian products and companies within this innovative supercluster, which is home to approximately 1.3 million residents and around 100,000 companies. “These are significant first steps toward connecting our innovative ecosystems,” Čadež stated.
He further emphasized that it was agreed for an SCC delegation to visit Suzhou at the end of February to prepare for a business forum focused on innovations, to be held in Serbia in April during the visit of Suzhou's leadership to the country.
Suzhou has emerged as a leading model for economic and industrial development in China. Located in Jiangsu Province, about 100 kilometers west of Shanghai, it is one of China's most successful and renowned economic development zones. The city is known for its advanced infrastructure, strategic planning, and strong emphasis on innovation and technology. With 12 global centers and a GDP of $50 billion last year, Suzhou represents a magnet for foreign direct investment and a robust base for China's export-driven industries.
During the final day of the SCC delegation’s visit to China, they toured the headquarters of the Fortune 500 company, China Electronics Technology Group Corporation (CETC), and met with Zhou Xiongwei, Executive Vice President of the corporation.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/WhatsApp Image 2024-11-28 at 08.26.58_960x720.jpeg" id="image-tag-1732792264248" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1391"></div>
CETC is one of China’s leading state-owned conglomerates, specializing in developing and producing technologies in electronics and information systems. Founded in 2002, the corporation plays a key role in China’s technological advancements, focusing on innovations in artificial intelligence, radar systems, ICT, smart cities, and cybersecurity.
At the meeting, initial potential areas of cooperation were identified, with a CETC team expected to visit Serbia in the coming months to explore opportunities further.
The SCC delegation also attended a formal reception at the Serbian Embassy in China, hosted by Ambassador Maja Stefanović.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/WhatsApp Image 2024-11-28 at 08.26.57_960x720.jpeg" id="image-tag-1732792249147" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1392"></div>

Leading Chinese Innovation Park Plans to Open a Center in Serbia

Today in Beijing, the Alliance of Chambers of Commerce for the New International Land-Sea Trade Corridor (ILSTC), which connects Western China with Southeast Asia and Europe, was officially established. The Chamber of Commerce and Industry of Serbia (CCIS) is one of the co-founders and members of this alliance. The ILSTC Alliance comprises over 20 national chambers of commerce and industry, spanning from the Philippines to Indonesia.
"Let us not only bring together businesspeople to facilitate trade along the corridor, but also unite individuals to collaborate on innovative ideas. Let's establish a shared platform for startups from all our countries, particularly those focused on new technologies in the logistics sector,” stated Čadež. The CCIS president made this remark during his address at the inauguration ceremony of the Alliance, which was part of the opening of the second China International Supply Chain Expo (CISCE) in Beijing..
Čadež recalled that a founding meeting of the Alliance’s member chambers of commerce took place in China a month ago. During this meeting, participants agreed to collaborate on improving trade, logistics, and transportation. The Serbian side proposed the creation of an "Alliance of Ideas" aimed at connecting innovative companies from the member countries.
“We have invited all member countries to organize a major gathering in Belgrade next year, bringing together companies from across the corridor and representatives of institutions managing the corridor. The aim is to develop a robust platform for exchanging ideas and to connect more than 400 startup parks, accelerators, research, and development centers,” Čadež stated.
He emphasized that the focus should no longer be solely on transporting goods from one point to another but on leveraging the opportunities provided by new technologies.
“We need to collectively profit from new technologies and ideas that will enhance transportation and logistics, making the corridor’s functioning more accessible and technologically advanced, perhaps more than anywhere else in the world,” Čadež said.
During the day, Čadež toured the CISCE, which runs from November 26–28 in Beijing. The event features over 300 companies from more than 50 countries and is organized by the China Council for the Promotion of International Trade (CCPIT) and the Chinese government.

Čadež in Beijing: Chamber of Commerce and Industry of Serbia Joins ILSTC Corridor Alliance

The third edition of the international wine, food, and tourism fair, Wine Vision by Open Balkan, confirmed its position as a leading event in the industry, bringing together wine experts and enthusiasts from 48 countries. Over 400 international buyers joined Serbian entrepreneurs for more than 1,500 scheduled business meetings, with countless spontaneous connections made at exhibitors' booths.

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03160-2.jpg" id="image-tag-1732532531227" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1371"></div>

President of Serbia Aleksandar Vučić, speaking at the opening, highlighted the fair’s growing prominence, calling it the third most significant wine fair in Europe after Vinitaly and ProWein in Düsseldorf. “This is a remarkable shared success,” Vučić said, crediting the collaboration between Belgrade, Skopje, and Tirana for the idea. He also expressed hope that Albania's Prime Minister Edi Rama would attend next year while thanking North Macedonia’s Prime Minister for his presence at the opening.

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03162-21.jpg" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1384"></div>

“By all metrics&mdash;quality, number of exhibitors, and visitors&mdash;this event is climbing rapidly. With Düsseldorf losing ground, in two or three years, we might even compete for second place,” Vučić added. While touring the booths, he emphasized that although Serbia cannot yet compete with Italy and France, it is among the best in the region.

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC03130-21.jpg" id="image-tag-1732532549455" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1381"></div>

Turning Dreams into Deals
Slađana Ristić from Momirović Distillery shared her excitement: “We’re looking to expand internationally and within the region, and this event has opened doors for us. We had promising meetings with partners from Germany, Azerbaijan, and neighboring countries. The fair’s organization was impeccable, and the atmosphere was inspiring. I’m confident we’ll see some successful partnerships come to life.”

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC031732.JPG" id="image-tag-1732532444990" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1387"></div>

A Blend of Traditions John Šuša from Plavi Perun Winery praised the fair’s vibrant energy: “As first-time exhibitors, we were blown away by the response. Over the past two days, we’ve had fascinating conversations with buyers from China, Russia, Canada, and Japan. Our wines carry the vibrant essence of the New World combined with deep Serbian traditions&mdash;a story that truly resonated with the international audience.”

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/DSC031912.JPG" id="image-tag-1732532432478" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1385"></div>

A Taste of the Balkans
For Enikő Király from the global company Vinventions, the fair was an unparalleled networking opportunity: “I’m thrilled to have met so many exceptional wineries from Serbia, North Macedonia, Bosnia and Herzegovina, and Slovenia. The quality of their wines is outstanding, and being here in Belgrade at such a well-organized event has been a true pleasure.”
<figure class="text-justify"><img src="https://en-api.pks.rs/storage/assets/DSC031781.JPG" id="image-tag-1732532400563" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1374"></figure>

With record-breaking attendance, enthusiastic participants, and strong leadership support, Wine Vision by Open Balkan is not just a fair&mdash;it’s a celebration of culture, commerce, and collaboration. It’s setting new standards for the wine industry and elevating the region on the global stage.
<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/20241122_1310471.jpg" id="image-tag-1732532593280" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1377"></div>

Over 1,500 Business Deals Sparked at Wine Vision by Open Balkan 2024

The Chamber of Commerce and Industry of Serbia (CCIS) and the China Council for the Promotion of International Trade, with the support of the Embassy of the People’s Republic of China in Belgrade, will organize a visit of a large Chinese business delegation to Serbia next spring, it was announced at a meeting between Marko Čadež, President of CCIS, and Li Ming, Ambassador of the PRC to Serbia, held on 20th November 2024.
During the meeting, both sides emphasized that further strengthening of economic cooperation is a top priority. In this context, the upcoming visit of the CCIS President to Beijing, participation in the China International Supply Chain Expo, and the inauguration of the Alliance of Chambers of Commerce of the New International Land-Sea Trade Corridor (ILSTC) were deemed significant.
"We aim to work closely with our colleagues from China to strengthen economic cooperation across all sectors, from ICT to agriculture and energy. We also look forward to hosting a major Chinese business delegation in Serbia next year and collaborating on concrete projects within the ‘Alliance of Ideas’ initiative, which Serbia proposed under the ILSTC Alliance of Chambers of Commerce," said Čadež.
He added that the goal of the "Alliance of Ideas" initiative is to connect Serbian companies, startups, and engineers with partners from all member countries of the ILSTC corridor.
The CCIS President emphasized that next year’s meeting of Chinese and Serbian businesses in Belgrade will also provide an opportunity for regional companies to establish connections with Chinese partners and work on the creation of joint-venture companies.
Li Ming, Ambassador of the PRC to Serbia, stated that enhancing trade cooperation remains a top priority for him. In the coming period, activities aimed at increasing the visibility of Serbian companies and products in China can be expected.

Čadež and Ming: Opening New Corridors for Serbian and Chinese Businesses

Serbia seeks much stronger cooperation with the United Kingdom and British companies. Our country, along with the entire Western Balkan region, has the potential to strengthen business connections and improve economic relations with this important global partner in key sectors ranging from ICT to energy.&nbsp;
Business associations and institutions will provide strong support to companies and entrepreneurs along this path, emphasized the President of Serbia, Aleksandar Vučić, Marko Čadež, the president of the Chamber of Commerce and Industry of Serbia, and UK Ambassador to Serbia Edward Ferguson at the opening of the Regional Conference on Trade between the UK and the Western Balkans.
"In our efforts to boost trade, services, tourism, and various social activities, we aspire to strengthen our relationship with the United Kingdom. As the world's sixth-largest economy and one of the leading political powers, it is a vital and reliable partner for us," stated President Vučić at the headquarters of the Chamber of Commerce and Industry of Serbia.
He underlined the goal of attracting more investors from the EU and the UK. Addressing British investors, Vučić assured them that Serbia has no issues with its public debt-to-GDP ratio, currently at 48.4%, and will not exceed 50% over the next three years according to the IMF and World Bank projections. "There are no problems regarding financing security or doing business with Serbia," Vučić stated confidently. He expressed optimism that Serbian businesses will find opportunities in the UK market and that British businesses will recognize Serbia as a competitive and high-quality source for their products, as well as for those from the entire Western Balkans region.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/MČ.Tan2024-11-2010003015_2_960x640.jpg" id="image-tag-1732114251779" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1352"></div>
Marko Čadež, the president of CCIS, noted that the future of cooperation between Serbia and the UK lies in the ICT and energy sectors. At the conference opening, attended by more than 220 participants, primarily from the ICT sector, Čadež described the event as a turning point in the economic relations between the two countries and the region.
"Our mutual trade exchange is not at a satisfactory level. I believe this is because we don't know each other well enough. If you buy blueberries, raspberries, or strawberries in the UK, know that they were grown here. If you drive a Land Rover, its ignition systems were made in Serbia. Advanced central heating boilers? Their key components are produced in Serbia," Čadež explained. He highlighted that Serbia's software exports to the UK exceed €1 billion, more than the total trade in goods.
He added that 500 UK-based companies operate in Serbia, showing significant interest in cooperation. Čadež emphasized that Serbia exports over €4 billion in software annually, making it the country's largest and most important export product, thanks to years of investment in digital infrastructure. Speaking on energy, Čadež said the future of collaboration lies in energy storage systems, given the growing demand for electricity.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/Tan2024-11-2010184544_5_960x640.jpg" id="image-tag-1732114285588" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1358"></div>
UK Ambassador Edward Ferguson noted that now is the right time to enhance trade relations between the UK and the Western Balkans. "The Western Balkan region is growing rapidly, with Serbia projected to lead in growth. Serbia has a fast-growing economy and affordable labor," Ferguson said. He emphasized the UK's strengths in information technology and green transition, praising CCIS for fostering regional partnerships and assuring British companies of the embassy's support in entering the Serbian market.
The conference aimed to identify business opportunities and initiate discussions with prominent business partners in strategic sectors. It provided a platform for representatives of the six Western Balkan chambers of commerce, united under the Chamber Investment Forum, to present the region’s collective potential to the UK business delegation. The event offered insights into key sectors such as IT, infrastructure, green energy, and the food industry through panel discussions. Regional experts and UK participants at CCIS had the opportunity to discuss plans and strategies for addressing new global challenges. Alongside plenary sessions, B2B meetings are also scheduled.
The conference was organized by the Chamber of Commerce and Industry of Serbia, the UK Embassy in Belgrade, the UK Department for Business and Trade, and the British-Serbian Chamber of Commerce.
Photo: Tanjug/Sava Radovanović

Great Opportunities for Stronger Economic Ties with the UK Economy: ICT and Energy Sectors in Focus

Patrick "Paddy" Cosgrave, the founder of Web Summit, the world’s largest tech conference, visited the Serbian pavilion in Lisbon and praised the efforts Chamber of Commerce and Industry of Serbia and it's president&nbsp;Marko Čadež made in promoting Serbian start-up community.&nbsp;
“Marko Čadež deserves great recognition for everything he has done for startups and the ecosystem,” Cosgrave stated.
He commended Serbia's organization at the summit and announced plans to visit Belgrade. “I believe we will meet again soon,” Cosgrave said.
He was particularly impressed by the innovation of Beeamond, a company producing beehives designed for home use. “I live on a farm and would love to get one. They seem like the perfect solution,” he added.
Marko Čadež and Serbian startups showcased innovations and solutions, further enhancing Serbia's visibility in the global tech industry.Sixty innovative startups had the opportunity to present their innovative ideas at the world's largest technology conference, Web Summit, held in Portugal from November 12th to 14th. The event brought together over 70,000 attendees and more than 1,000 investors from around the globe. More than 3,000 entrepreneurs from various industries showcased their innovations and ideas, offering a unique opportunity for global knowledge exchange.&nbsp;
Participation of the Serbian innovation community at the Web Summit was supported by the Ministry of Science, Technology, and Innovation of the Republic of Serbia and the Chamber of Commerce and Industry of Serbia.

​Web Summit Founder: Recognition for Čadež’s Success in Boosting Serbia’s Startup Ecosystem

The President of the Serbian Chamber of Commerce, Marko Čadež, announced today at the Web Summit in Lisbon, during the panel "Building a Balanced Economy," that Serbia is developing and will become one of the global centers for innovation."I see Serbia in the future as a much more developed European country, as one of the centers for innovation. We will host the specialized Expo 2027, which is a huge achievement for our country. It’s the first time an Expo will be held in our region. The main concept, with which we won the opportunity to host the exhibition, is ‘Play for Humanity,’” Čadež emphasized. He made this statement on one of the main discussion stages at the panel dedicated to strategies, best practices, and challenges associated with creating and maintaining a technological ecosystem. “We need to learn how to play again, and this is how our concept of ‘Play for Humanity’ evolves – for Expo 2027. We will have a lot to showcase at that time, not only us but the whole world,” added Čadež. “We are preparing, and I hope that together with the Web Summit, we will host one of the largest global hackathons for technology companies, where we will find or attempt to find new solutions,” the President of the Chamber of Commerce added. He noted that ten years ago, Serbia began heavily investing in the IT ecosystem, leading to several changes in the field, such as the introduction of programming in elementary schools. “Today, children from the age of eight in our elementary schools are required to learn a programming language each year,” said Čadež, highlighting that Serbia has also established a data center, equipped with a supercomputer, invested in infrastructure, and undertaken numerous other initiatives. He concluded by stating that the greatest challenge in today’s world is that we have yet to fully accept that innovation and technology are integral parts of our daily lives.

Serbia Can Become a Center for Innovation

Starting from&nbsp;January next year, Belgrade will open the Tesla Venture Studio, a platform aimed at creating and scaling startups, which will also serve as a regional hub. This announcement was made at a press conference held during the Web Summit in Lisbon by Marko Čadež, the President of the Chamber of Commerce and Industry of Serbia (CCIS).
The establishment of Tesla Venture Studio in Belgrade is a result of the rapid growth of Serbia’s startup ecosystem, Čadež said to reporters, adding that the CCIS supports innovations and innovative companies not only in Serbia but also in the wider region.
According to Čadež, much has changed in Serbia over the past 10 years, with Serbian companies now offering the world cutting-edge solutions used in a variety of industries, from automotive to IT.
Microsoft’s AI Azure was developed in a Belgrade-based R&D center, and the smart driving camera systems used by major brands like Volvo are actually produced by Serbian tech company RT-RK from Novi Sad, Čadež added.
"Serbia has many talented engineers, and we see the potential and opportunity to establish a venture studio here that will function as a startup factory. We want to create a system that will make Belgrade a center for startup development for the entire region and, with our partners, expand this to Europe," said Katarina Galić, founder and CEO of XIergy SusTech Powerhouse.
The Tesla Venture Studio team will include Antonia Norman, former CEO and board member of Virgin Unite Africa. Speaking at the press conference, Norman said she had the privilege of working with various startups and entrepreneurs across the globe, from Africa and the U.S. to Amsterdam and Turkey, but she sees a unique energy in Serbia when it comes to startups.
Serbian Startups in Talks with Luxembourg’s Prince
Luxembourg’s Deputy Prime Minister and Minister of Foreign Affairs, Xavier Bettel, and Luxembourg’s Prince Guillaume Jean Joseph Marie visited the Serbian National Pavilion at the Web Summit in Lisbon, where they discussed startup development in Serbia with Serbia's Minister of Science, Technological Development and Innovation, Jelena Begović, and CCIS President Čadež. Begović and Čadež introduced Luxembourg’s visitors to some of Serbia’s best young companies and its innovation capacities.

<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/PHOTO-2024-11-12-18-41-30_960x640.jpg" id="image-tag-1731486146896" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1349"></div>

 Belgrade to Open Its First Startup Factory in January

The arrival of the Web Summit from Ireland to Portugal about a decade ago made Lisbon visible and recognized as a tech hub in Europe. Belgrade also has a huge opportunity to become a hub for creative technologies and new fast-growing companies with Expo 2027, said Marko Čadež, President of the Chamber of Commerce and Industry of Serbia (CCIS),&nbsp; in Lisbon.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/_MDJ9499_960x640.jpg" id="image-tag-1731409171505" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1345"></div>"It seems to me that we have been successful and recognized so far, and this is just the beginning of what we’ll achieve by 2027," said the CCIS President to journalists after visiting Lisbon's Unicorn Factory, one of Portugal's most successful startup ecosystems, together with Jelena Begović, Minister of Science, Technological Development, and Innovation.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/_MDJ9493_960x640.jpg" id="image-tag-1731409192469" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1344"></div>
According to Čadež, Lisbon and Portugal achieved great success in developing innovative technologies when the Web Summit came to them.
"Serbia is also actively working to seize the opportunity that Expo 2027 provides, which could be our trigger for Belgrade to become a hub for creative technologies and new companies," Čadež stated.
Minister Begović expects that Serbia could have its first "unicorns"&mdash;startups worth at least a billion dollars&mdash;in the next three to five years. She highlighted that the goal of visiting Portugal’s leading platform for startup support was to see how this country and Lisbon became one of Europe’s most prominent innovation ecosystems.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/_MDJ9667_960x640.jpg" id="image-tag-1731409116671" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1346"></div>
José Mota Leal, Director of the Unicorn Factory in Lisbon, explained that this startup ecosystem encompasses a collection of projects and programs, having supported and developed hundreds of startups so far and that the doors are open for collaboration with Serbian young companies.
"Currently, we have six Portuguese unicorns and 13 unicorns from various countries that chose to operate in Lisbon," said Mota Leal.
At this year's Web Summit, the world's largest exhibition of innovative companies in Lisbon, Serbia is represented by 60 startups until November 14, which, as highlighted by the CCIS President, makes us one of the four countries with the most startups at this global event.
With the support of the Government of Serbia and the Chamber of Commerce and Industry of Serbia, our country has, for the first time, its own "island" at the Web Summit, where all domestic startups will be presented to the world, along with a special Serbian pavilion that will serve as a hub for exchanging ideas in innovative technologies over the next four days.
Čadež: Next Year, We’re Bringing 120 Startups to Lisbon
On the occasion of the official opening of the Web Summit, the Chamber of Commerce and Industry of Serbia, in collaboration with partners, organized a Balkan Night in Lisbon&mdash;a reception for members of the Serbian delegation, startups, and guests from our region.
"Next year, we’ll have 120 startups in Lisbon, moving from the Serbian Startup Island to the Serbian Startup Continent," announced Čadež.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/PHOTO-2024-11-11-21-39-18_960x540.jpg" id="image-tag-1731409079726" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1347"></div>

Čadež: Belgrade Has the Opportunity to Become a Hub for Creative Technologies and Fast-Growing Companies

The third International Infrastructure and Dispute Resolution Conference took place on November 7, 2024 in Belgrade. The conference was organized by the International Chamber of Commerce (ICC) in collaboration with the Serbian Chamber of Commerce, Karanović & Partners, and Pinsent Masons. The conference gathered over 130 professionals from Serbia and the surrounding region, including representatives from construction companies, engineers, lawyers, and law professors from Belgrade, Novi Sad, and London.
The event was inaugurated by Nevena Rakić, Advisor to the President of the Serbian Chamber of Commerce, who highlighted the significance of infrastructure and arbitration for economic development and stability.
"Infrastructure forms the foundation of economic growth, and arbitration enables fast, efficient, and impartial resolution of disputes in complex projects," Rakić highlighted.
The conference was chaired by Milan Lazić, President of the ICC Serbia Commission on Arbitration and a partner at Karanović & Partners.
Professor Renato Nazzini from King’s College London presented the latest trends in the infrastructure sector, including the rise in investment and the importance of sustainable construction. Nazzini also underscored the projected growth in construction and provided insights from reports on international construction costs and green building, which will become essential for the industry's future.
Attendees participated in three-panel sessions that covered topics such as contractual challenges in infrastructure, FIDIC contract administration, and the impact of ESG standards on corporate governance. The panels were moderated by leading experts from Karanović & Partners and Pinsent Masons from London, with distinguished lawyers and managers from prominent companies as speakers.
About ICC and ICC Serbia
Founded in 1919, ICC is the world’s largest business association, focused on creating international rules and guidelines. The Serbian Chamber of Commerce established ICC Serbia, representing the Serbian business sector and actively supporting education and alignment with international business standards.

The third International Infrastructure and Dispute Resolution Conference held in Belgrade

The Czech Republic is an important strategic partner for Serbia, with strong cooperation in politics, the economy, investment, business partnerships, knowledge transfer, and joint development. This was emphasized during the Serbia-Czech Round Table held at the Palace of Serbia, which was attended by top government officials, ministers, and business leaders.
The event, organized by business associations from both countries as part of a visit by the Czech state economic delegation to Serbia, featured speeches from Serbian President Aleksandar Vučić, Czech Prime Minister Petr Fiala, and the Presidents of the Chambers of Commerce of Serbia and the Czech Republic, Marko Čadež and Zdeněk Zajíček.
Serbian President Aleksandar Vučić highlighted Serbia's view of the Czech Republic as a strategic partner in both politics and economics. He pointed out that Czech companies are already active in Serbia and expressed hopes for further strengthening of cooperation.
For the first time in its history, Serbia has achieved an investment rating, and its public finances are stable, with the public debt level being half the European average. Vučić remarked, “There is much we can and must learn from you &mdash; your responsibility, seriousness, and dedication in attracting foreign direct investment, with over 100,000 foreign companies operating in your country.”
He mentioned that there is a lot to learn from the Czechs and that collaborating with Czech companies in innovative technologies, including artificial intelligence, would be advantageous. “I am confident that we will make greater progress than in the past,” Vučić stated, wishing the business representatives success in their discussions.
Marko Čadež, the President of the Serbian Chamber of Commerce, emphasized that approximately 50 companies from both the Czech Republic and Serbia, representing various sectors such as metal, automotive, IT, and transportation, are participating in the round table. He stated, “We organized this forum around the topics most requested by companies from the Czech Republic and Serbia, providing an excellent opportunity to establish business deals and contracts today.” Čadež also highlighted that the Czech Republic is a key economic partner for Serbia, contributing not only through direct investment but also by fostering the development of the Serbian business ecosystem through investments in local companies, guiding them toward new opportunities.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/20241106_140935.jpg" id="image-tag-1730988300845" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1339"></div>
Czech Prime Minister Petr Fiala announced that trade between the Czech Republic and Serbia surpassed two billion euros in 2023 and continues to grow. He emphasized that Czech companies are eager to expand their investments in Serbia across various economic sectors.
Fiala noted that a strong business delegation visited Belgrade, including representatives from companies such as the PPF Group, which operates in biotechnology and telecommunications; Aspiro; Škoda Transport; and Mattoni, which has considerable experience in Serbia as the owner of Knjaz Miloš. Additionally, in the areas of energy and sustainable development, Czech companies are prepared to offer solutions for energy and the energy transition.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/20241106_140941.jpg" id="image-tag-1730988320833" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1338"></div>
"Czech Republic is a highly industrialized country undergoing an industrial transition. We have a strong interest in enhancing energy security and ensuring sustainability, which drives our interest in various raw materials. Our companies are prepared to offer their expertise, knowledge, and high-quality products," stated Prime Minister Fiala.
Zdeněk Zajíček, President of the Czech Chamber of Commerce, highlighted that the Czech Republic is the fourth-largest investor in Serbia. He noted that there are numerous areas for cooperation, including IT, telecommunications, transportation, and more.
The President of the Czech Chamber of Commerce stated that the organization is the largest association in the country, with over 16,000 members, contributing approximately 60% to the Czech GDP. He highlighted the strong relationship with the Serbian Chamber of Commerce, which was evident during a roundtable discussion that took place today as part of Czech Prime Minister Petr Fiala's visit to Serbia.&nbsp;
"Czech investors view Serbia as a favorable business environment. We have invested in sectors such as transportation, telecommunications, and banking in Serbia," he added.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/20241106_142928.jpg" id="image-tag-1730988341458" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1337"></div>