Four major international accelerators, invited by the Chamber of Commerce and Industry of Serbia (CCIS) and the SEE UP accelerator, are on a three-day visit to Serbia to gain deeper insight into local projects and investment opportunities.
Top management representatives from Founders Factory, Alchemist Accelerator, Tenity, and Startupbootcamp Italy engaged in a constructive discussion with Marko Čadež, President of CCIS, exploring investment possibilities in Serbia’s rapidly growing innovation startup ecosystem, which is setting new business standards with cutting-edge solutions.
The discussion focused on identifying key sectors and promising projects that could receive strategic funding, further strengthening the country’s existing innovation potential.
Internationally recognized accelerators, with extensive experience across various industries, also contribute to assessing the potential of Serbia’s startup ecosystem. A young and dynamic entrepreneurial community, supported by modern infrastructure and a stimulating business environment, fosters technological advancement and innovation.
Interest in local startups confirms that Serbia is an attractive destination for high-tech investments. Through open dialogue and knowledge exchange, international connections are strengthened, paving the way for future joint projects.

​Global Accelerators Interested in Investing in Serbia

The President of the Chamber of Commerce and Industry of Serbia, Marko Čadež, met with Paddy Cosgrave, founder and CEO of the Web Summit in Lisbon, to discuss the potential and challenges of the IT market, as well as new opportunities for strengthening the position of Serbian startups on the regional, European, and global levels.
As stated, during a highly constructive meeting, it was emphasized that Serbia is increasingly being recognized as a dynamic and innovative technology hub of Southeast Europe, with great potential for the development of the digital economy and for attracting investments.
At the Serbian national stand, where around 30 startups are being presented from November 10 to 13, meetings with investors have also been organized with the aim of attracting as many venture capital funds as possible. The primary focus is on funds outside the region to initiate talks with Serbian startups about potential investments.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251112-WA0092.jpg" id="image-tag-1763025999391" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1895"></div>
Unlike traditional technology conferences that mainly discuss emerging tech trends, the Web Summit serves as a meeting place for innovative companies and investment funds&mdash;an aspect of strategic importance for the delegation of Serbian startups that are in the phase of seeking their first users, investments, and refining their business models for the market.
During the three-day Web Summit, startups have the opportunity to assess the strengths of their solutions, identify areas for improvement, and gain a clearer understanding of their market position and the activities of their competitors.

Successful Talks at Web Summit in Lisbon: Serbia Strengthens Its Position on the Global Tech Scene

This year, Serbia is participating in the prestigious international wine and spirits fair ProWine Shanghai for the fifth time. From November 12 to 14, 21 companies are showcasing their products at Serbia's national stand, including 12 wineries and 9 distilleries.
As part of the program at Serbia’s national stand, two masterclasses were held on the opening day of the fair, focusing on authentic Serbian wine varieties: “Discovering Serbia’s Authentic White Varieties” and “The Character of Serbia’s Authentic Red Varieties.” Both sessions attracted great interest and were fully booked.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251112-WA0004_960x1280.jpg" id="image-tag-1762941997642" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1889"></div>
In addition, visitors had the opportunity to taste specialties prepared by Serbian chefs, made from traditional local ingredients.
ProWine Shanghai is one of the largest and most important specialized trade fairs for wine and spirits in China, bringing together leading producers, distributors, buyers, and retail chains. Since its launch in 2013, the fair has built a strong reputation as the leading industry event in Asia. Each year, it attracts around 20,000 visitors, who have the opportunity to explore the product portfolios of more than 800 exhibitors from 39 countries.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251112-WA0001_960x1280.jpg" id="image-tag-1762942006667" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1888"></div>
Next week, the wine story continues in Belgrade, where the international fair Wine Vision by Open Balkan will take place from November 22 to 25. This year, for the first time, the event will host wineries and distilleries from China, opening a new chapter in cooperation between Serbia and China in the wine and spirits sector.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251112-WA0009_960x1280.jpg" id="image-tag-1762942020551" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1893"></div>
More than 50 professional buyers from China are expected to attend, who will have the opportunity during the fair to discover the richness of Serbia’s authentic grape varieties and establish direct contacts with producers from across the region.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251112-WA0005_960x1280.jpg" id="image-tag-1762942033551" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1890"></div>

Serbia at ProWine Shanghai 2025, Belgrade to Host Wine Vision by Open Balkan Next Week

“Serbia has become a regular participant at the Web Summit in Lisbon, the world’s largest technology conference. This year, we are showcasing around 30 of our startups with their own booths, while the large Serbian delegation includes about 300 innovators, entrepreneurs, and company representatives demonstrating what the Serbian IT and innovation ecosystem can offer,” said Marko Čadež, President of the Chamber of Commerce and Industry of Serbia (CCIS), at the national stand of Serbia at Web Summit 2025 in Lisbon.
“A great success for Serbia is that as many as four of our startups &mdash; MyFlow, Njuppa, Codekido, and FinoApp &mdash; have been selected for the prestigious Showcase program. Out of more than 4,000 applicants, fewer than 400 startups are given the opportunity to present in this format, which is an outstanding achievement. This is a huge success &mdash; and we’re only getting started. Even greater results are ahead of us,” Čadež emphasized.
He reminded that the Chamber of Commerce and Industry of Serbia has been systematically working with the startup community for two years now, helping them prepare for the global market, learn how to collaborate with investors, and turn their validated ideas into major business ventures. “A large number of leading global investors are present here, and our goal is for Serbia and our young people to be at the center of their attention,” he added.
Speaking at the panel discussion “How Innovation and FDI Work in Tandem,” alongside colleagues from Uzbekistan and Qatar, Čadež said that three different success stories from the IT sector were presented. “It is interesting that Uzbekistan exports around 700 million dollars’ worth of software, Qatar &mdash; a large country &mdash; about one billion, while Serbia, with a population of just six and a half million, records software exports worth more than 4.5 billion dollars. That proves the world recognizes us as a nation of talented and creative people, a place where great innovators come from,” the CCIS President pointed out.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/WhatsApp Image 2025-11-11 at 13.21.48 (7).jpeg" id="image-tag-1762940928317" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1884"></div>“We don’t talk about problems and frustrations &mdash; we solve them! The best proof of that is that Serbia has increased its software exports tenfold over the past decade,” Čadež said, inviting panel participants and Web Summit visitors to visit the Serbia Pavilion, where some of the country’s most promising innovative companies are showcased.
The discussion was moderated by Steve Clemons and featured Vsevolod Lee, Executive Director of the IT Park Uzbekistan for Europe, and Hamad Al-Naemi from the Office of the CEO of the Qatar Investment Authority, alongside Čadež.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/WhatsApp Image 2025-11-11 at 13.21.48 (3).jpeg" id="image-tag-1762940963168" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1883"></div>
“It is essential that we redefine what we truly want and can achieve, and invest in what we already have &mdash; a solid education system, a strong scientific base, and the talent that arises from it. Let’s create the conditions for those talents to stay, and attract new ones to come and grow here.&nbsp; Serbia is increasingly demonstrating how investment and innovation, when acting together, become the driving force of economic growth and the modernization of society,” Čadež said.
He noted that the Chamber of Commerce and Industry of Serbia had proposed to the Government, eight years ago, to improve the education system &mdash; a move that led to the introduction of programming as a mandatory subject in primary schools. “That step laid the foundation for everything we are doing today in the field of digitalization and innovation,” Čadež said, adding that in 2019 Serbia installed the first state-owned supercomputer optimized for artificial intelligence &mdash; at a time when there were only two such computers across Europe. “That was a pioneering move by the Serbian Government &mdash; and today we already have two such systems, placing us ahead of many European countries in terms of technological infrastructure,” Čadež emphasized.
From November 10 to 13, Serbian startups are presenting solutions that cover a wide range of fields &mdash; from financial and legal technology, education, and healthcare, to smart cities, industry, logistics, digital marketing, sports, and socially beneficial projects.
At the Serbia stand, under the slogan “Think Tech, Choose Serbia”, the following companies are exhibiting: Canandi, GetTrusty, MyFlow, NSage.ai, GuideLites (Lites), Peasy, GetData (Apparo), DigitalLeather, FinoApp, Tridan AI, Kampster AI, SpiceAds, Qreadible (ible), Veritium, Cloud City, Codekido, Includify, KleverCargo, Smart Part, NutriMedik, HealthControl Niš, CyberParent, Motiqum, Nais Robotics, and Njuppa.
Photo and video: Boban Ristić

Čadež at Web Summit in Lisbon: Serbia Showcases the Power of Innovation and Talent

The President of the Chamber of Commerce and Industry of Serbia, Marko Čadež, met today with representatives of Chinese technology giants Alibaba Group and JD.com during his visit to Beijing on the occasion of the Belt and Road Forum. Alibaba Group and JD.com are among the world’s largest e-commerce companies, with billions of users and a strong global presence.
President Čadež emphasized that Serbia is ready to support the development of a digital corridor between China and Europe, leveraging its strategic geographic position, modern logistics infrastructure, and liberal trade regime.
The meetings, attended by Marko Carević, CEO of Ananas, Nikola Bogojević, Director of Operations for Asia at Transfera, and Zhoucun Wang, Honorary Representative of the CCIS in China, focused on strengthening cooperation in cross-border e-commerce, logistics, and digital services.
A particular focus was placed on exploring the potential for connecting Chinese platforms with the Southeast European market through Ananas as a regional partner for localization and product distribution, as well as on introducing Cainiao logistics services and Alipay digital payments to the Serbian market.

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Founded in 1999, Alibaba operates in over 190 countries and generates an annual turnover exceeding USD 1.2 trillion through platforms such as AliExpress, Tmall, and Taobao. JD.com, established in 2004, employs more than 550,000 people and runs one of China’s most advanced smart logistics networks, covering over 99% of cities and expanding rapidly across European and Southeast Asian markets.

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In discussions with JD.com Vice President Zhang Xing, Vice President for Public Relations Cao Jiang, and Heidi Yuan, Head of Business Development at JD’s Cross-Border E-Commerce Platform, opportunities for strategic partnership were explored &mdash; particularly in developing a regional e-commerce and smart logistics hub that would connect Chinese companies with the European Union market.
These discussions are part of a broader effort to integrate Serbian companies into global e-commerce supply chains and attract new investments into Serbia’s logistics and technology zones.


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President of the CCIS Marko Čadež in Beijing with Leading Chinese E-Commerce Companies Alibaba and JD.com

The fourth edition of one of the largest wine and gastronomy fairs in Europe will take place from November 22 to 25 at the Belgrade Fair.
Belgrade once again becomes the world capital of wine and gastronomy!&nbsp;From November 22 to 25, under the domes of the Belgrade Fair, the fourth edition of “Wine Vision by Open Balkan” will be held &mdash; one of Europe’s largest and most significant wine and gastronomy events, created as part of the Open Balkan initiative connecting Serbia, North Macedonia, and Albania.
This year, over 600 exhibitors will present wines, spirits, gourmet food, and tourism offers from Serbia and the region, as well as wines from renowned regions across all continents. During four days, Belgrade will be a meeting place for professionals, wine enthusiasts, restaurateurs, traders, and all those who believe that wine and food connect people, cultures, and traditions.
In addition to thousands of wines, spirits, and culinary specialties, the fair’s program will feature a rich schedule of educational sessions, workshops, masterclasses, competitions, panel discussions, and exclusive tastings. Many distinguished wine experts are expected to attend, including holders of the prestigious Master of Wine title, such as Rod Smith MW, President of the Institute of Masters of Wine &mdash; the world’s leading organization of wine professionals.
Visitors will have the opportunity to learn how to taste wines like a Master of Wine, explore Serbia’s diverse wine regions, discover the country’s centuries-old rakija-making tradition, and attend lectures dedicated to autochthonous Balkan grape varieties and some of the world’s best wines.
Once again, the fair will welcome hundreds of wine traders, importers, and distributors from around the globe. Professional visitors and exhibitors will have access to a dedicated B2B matchmaking platform, enabling direct contact and business networking in a specially equipped business zone. Last year, the fair hosted several thousand successful B2B meetings, establishing “Wine Vision” as a key hub connecting the wine industry regionally and globally.
The highlight of the fair will be the announcement of the Open Balkan Wine Trophy winners &mdash; a major regional wine competition where wines from Serbia, North Macedonia, and Albania compete for the title of best. The wines will be evaluated by international experts, including five Masters of Wine, under the leadership of Caroline Gilby MW, one of the most influential international authorities on wines from this region. The fair will also feature the results of the Rakija Trophy competition, which annually brings together the finest rakija producers from across the Balkans.
The culinary segment of the fair &mdash; Food Vision &mdash; will offer an even richer program this year, dedicated to regional gastronomy and hospitality. Visitors can look forward to culinary shows, chef competitions, food and wine pairings, masterclasses, and a series of authentic gourmet experiences from the Balkans.
“Wine Vision by Open Balkan 2025” once again sets new records in the scope of its program and international significance.
Join us in Belgrade this November and continue exploring one of Europe’s most dynamic wine regions!&nbsp;

Wine Vision by Open Balkan 2025: Celebrating Tradition with a Vision for the Future 

Serbian companies, led by the Chamber of Commerce and Industry of Serbia (CCIS), presented the views of the Serbian business community at the European Parliament of Enterprises 2025 in Brussels, which brought together more than 700 entrepreneurs from across Europe. The participation of the Serbian delegation provided an excellent opportunity for our companies to engage in dialogue with their European counterparts and EU institutions on key economic issues, as well as on Serbia’s perspectives within the EU Single Market.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/3EE36375-087A-4802-8968-DC2564211115.png" id="image-tag-1762346372702" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1872"></div>
“Every two years, Serbia and the Chamber of Commerce and Industry of Serbia have the opportunity to lead a group of companies that, within the framework of Eurochambres, the largest European business association, take their seats as Members of the European Parliament of Enterprises and directly present their positions before the European Parliament and the European Commission,” said Mihailo Vesović, Deputy President of the CCIS.
“Serbian business representatives in Brussels discussed economic challenges, the EU accession process, and the implementation of the Growth Plan for the Western Balkans. What matters most to us is to be part of the European economic area, because Serbia cannot move forward without the European Union and strong economic cooperation,” Vesović emphasized.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251104-WA0002_960x540.jpg" id="image-tag-1762346383626" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1874"></div>
He pointed out the importance of urgently addressing challenges such as long border waiting times, mutual recognition of certificates, and steel import quotas, all of which impact competitiveness. “We also raised the issue of the CBAM mechanism and other topics affecting our economy,” added the CCIS representative.
“Eurochambres will continue to advocate for the interests of businesses before European decision-makers. Without concrete reforms and the courage to simplify regulations and accelerate decision-making, we cannot progress,” stated Vladimir Dlouhý, President of Eurochambres. According to him, deregulation is a prerequisite for unleashing entrepreneurial energy, and Europe must listen more closely to the voice of its companies&mdash;the driving force of every change.
Adrijana Račanović from Comtrade emphasized that participation in the European Parliament of Enterprises was an exceptional opportunity to exchange views and experiences with European colleagues and to discuss the integration of the Serbian economy into the EU Single Market, its challenges, and prospects.
The European Parliament of Enterprises, organized by Eurochambres every two years, provides the European business community with a platform to express its positions and perspectives directly within EU institutions.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251104-WA0001_960x540.jpg" id="image-tag-1762346394031" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1873"></div>

Serbian Companies in the European Parliament of Enterprises

A Serbian delegation, composed of representatives of the Chamber of Commerce and Industry of Serbia (CCIS) and Serbian IT companies, visited the Greater Irvine Chamber of Commerce and met with its management to discuss strengthening economic ties and enhancing cooperation with U.S. partners.
The event took place on November 3, 2025, in Anaheim, alongside the Embedded World North America trade fair, organized by the Chamber of Commerce and Industry of Serbia.
During the meeting, Serbian companies Digital Logik, Nanowaf, Com Data, Veriest, DevPool, and Mikroelektronika presented their technological solutions, products, and innovative projects that position Serbia’s IT sector as one of the most dynamic in Southeast Europe. Special emphasis was placed on the expertise and high technical competence of Serbian professionals, which makes Serbia an attractive partner for development and investment in advanced technologies.
Representatives of the Greater Irvine Chamber of Commerce emphasized that Serbia is becoming a recognized destination for collaboration in the field of information technology, thanks to its innovation, skilled workforce, and favorable business conditions. On behalf of the Chamber of Commerce and Industry of Serbia, Jelena Jovanović, Advisor to the President and Secretary of the Association for Electronic Communications and the Information Society, presented Serbia’s economic potential, highlighting the competitive business environment, rapid growth of the IT industry, and numerous investment opportunities.
From the U.S. side, hosts included Dave Coffaro, President of the Greater Irvine Chamber, James Mai, Deputy Mayor of Irvine, and Melinda Liu, City Council Member, as well as Dustin McDonald from the Governor’s Office of Business and Economic Development (GO-Biz California), who presented available support programs, investment funds, and grants for international partners.
As part of the program, B2B meetings were held with U.S. companies from the IT, digital services, and startup sectors, where participants explored opportunities for joint projects, experience exchange, and entry into the U.S. market.
Among the U.S. participants were: Karin Koch (Economic Development Director), Bill Edwards (District Export Council), Helene Blanchette (Director, Schmid Center for International Business, Chapman University), Mike Merchant (CEO, Codazen), Juliana Elstad (CEO, NuVibe Medical), Tyler Train (Patent Attorney, Fish & Richardson), Dan Vozenilek (AT&T), Carlos Oregon (CEO, ThinkBox Technology Group), and Jas Kaur (Singh Automation / KTime HR).
The delegation also visited the University of California, Irvine (UC Irvine – Beall Center), where they were welcomed by Carolyn Stephens, Managing Director of Enterprise Collaborations. Discussions focused on potential cooperation in education, research, and innovation, with an emphasis on linking academia and business to strengthen the innovation ecosystem and develop new technological solutions.
The Chamber of Commerce and Industry of Serbia expressed its gratitude to the U.S. Commercial Service, the U.S. Embassy in Belgrade, and the Greater Irvine Chamber of Commerce for their support and cooperation in organizing the visit, which further strengthened business relations between Serbia and the United States.
This visit is part of a broader initiative to deepen economic relations between Serbia and the United States, with a special focus on the digital economy, innovation, and technological development.
The event also served as an introduction to the participation of Serbian IT companies at the national pavilion of the Chamber of Commerce and Industry of Serbia at the Embedded World North America 2025 fair, held at the Anaheim Convention Center from November 4 to 6, 2025.

Serbian Business Delegation Visits Greater Irvine Chamber of Commerce in California

The Chamber of Commerce and Industry of Serbia (CCIS) and the Development Agency of Serbia (RAS) are organizing the participation of Serbian IT companies within the national stand of Serbia at the international fair Embedded World North America 2025, held in Anaheim, California, USA, from November 4 to 6, CCIS announced.
"Embedded World" serves as a global platform and a central meeting point for the embedded technology community, attracting top experts, key stakeholders, and industry associations from around the world.
This year, the fair is being held in Anaheim, Southern California, in the heart of one of the largest technological and industrial regions in the United States.
The fair and conference are organized with a clearly defined thematic focus on areas such as embedded systems technologies, distributed intelligence, and the Internet of Things (IoT).
Building on last year’s success, Embedded World North America represents an ideal opportunity for finding in-demand products, offering further possibilities for product enhancement and technological advancement.
During its three-day duration last year, the fair gathered around 3,500 visitors who came to learn about the latest trends and witness cutting-edge innovations in embedded technologies, presented by 180 exhibitors.

<a href="https://en.pks.rs/news/serbian-it-companies-at-the-embedded-electronics-fair-in-california-november-4-6">CLICK HERE FOR LIST OF EXIBITORS</a>

Serbian IT Companies at the Embedded Electronics Fair in California, November 4–6

Companies from Serbia will showcase their products and services at the National Stand of Serbia during the Tirana International Fair 2025, held in Albania's capital from November 5 to 8, 2025, and organized by the Chamber of Commerce and Industry of Serbia (CCIS) and the Development Agency of Serbia (RAS).
This year, 13 Serbian companies from various sectors &mdash; industry, food production, agriculture, construction, and services &mdash; will take part in the event.
Exhibiting their products, services, and export potential at the 150-square-meter national stand will be: Tehnogama d.o.o. Šimanovci, Special Hospital Merkur, BEAM EUROPE d.o.o., PIP Novi Sad d.o.o., JOMPAKES d.o.o., KOLIOD d.o.o., Akvapan Engineering d.o.o., H&S Fruits d.o.o. (Proleter), PRO-TERMO d.o.o., Distillery Zekić d.o.o., Tehnomarket d.o.o., Perdomo d.o.o. and INM d.o.o.
The participation of Serbian companies aims to strengthen business ties and identify new partners in the Albanian market, which is becoming increasingly attractive for Serbian businesses. In 2024, over 1,250 Serbian companies traded with Albanian partners &mdash; nearly twice as many as five years ago.
The Open Balkan regional initiative has also contributed to improving economic cooperation between the two countries, facilitating trade flows, and reducing administrative barriers.
International Importance of the Fair
The Tirana International Fair is a major business event in the region, bringing together exhibitors from more than 30 countries worldwide this year. Serbia has been a traditional participant for over two decades, significantly contributing to the growth of bilateral trade, which has increased more than three and a half times over the past decade.
Cooperation Prospects
Key sectors for further cooperation between Serbia and Albania include agriculture, the food industry, the metal and construction industries, and plastics and furniture manufacturing.
The participation of Serbian companies in Tirana represents an important step in strengthening bilateral economic relations, connecting regional business communities, and opening new opportunities for Serbian exporters.

<h4><a href="https://fairs.pks.rs/tirana-international-fair-2025/">Click for more info on&nbsp;SERBIAN EXIBITORS</a></h4>

Serbian Companies at the Tirana International Fair, November 5–8 November 4, 2025

Serbia and Uzbekistan enjoy strong political and institutional support aimed at further strengthening economic relations, connecting their business communities, and enabling joint activities on third markets. Uzbekistan’s participation in the international exhibition EXPO 2027 in Belgrade will further contribute to promoting the country’s economy and strengthening its ties with Serbia and the region, participants concluded at the Serbia–Uzbekistan Business Forum, held in Tashkent as part of the official visit of President of the Republic of Serbia Aleksandar Vučić to the Republic of Uzbekistan.The forum brought together more than 80 Uzbek companies and 12 Serbian companies from the construction, agriculture, IT, metal, and defense industries, with the aim of fostering deeper bilateral cooperation and exploring new investment opportunities. President Vučić invited Uzbek companies to invest in Serbia, emphasizing that the country provides a stable economic environment, a predictable tax system, and numerous investment incentives.
“Serbia has created a stable and stimulating business environment, and companies from Uzbekistan can always count on our support. I believe we can build strong mutual trust and jointly enter third markets,” said President Vučić.
He emphasized that Serbia sees great potential for cooperation with Uzbekistan in the fields of information and communication technologies, education and science, healthcare, biotechnology, the pharmaceutical industry, the textile sector, and agriculture.
The Serbian business delegation was led by Mihailo Vesović, Deputy President of the Chamber of Commerce and Industry of Serbia (CCIS), and Ivan Bošnjak, Vice President of the CCIS and General Director of Millennium Team.
Presenting Serbia’s business and investment potential to Uzbek entrepreneurs, Vesović underlined that the business forum confirms the continuous strengthening of economic relations between the two countries and provides an excellent opportunity for Serbian companies to showcase their products and services in the Central Asian market.
“According to the data of the Statistical Office of the Republic of Serbia, trade exchange between Serbia and Uzbekistan in the second quarter of 2025 amounted to 29 million USD. Although this figure does not yet reflect our full potential, it represents an almost threefold increase compared to the same period last year. This trend demonstrates growing interest and indicates room for further cooperation,” Vesović stated.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/Uzbekistan Poslovni forum Srb (7)_960x810.jfif" id="image-tag-1761814381283" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1864"></div>
During the forum, a Memorandum of Cooperation was signed between the Chamber of Commerce and Industry of Serbia and the Chamber of Commerce of Uzbekistan, defining the framework for enhancing bilateral economic cooperation, information exchange, and support for businesses from both countries.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/PHOTO-2025-10-29-13-40-05_960x720.jpg" id="image-tag-1761814335813" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1868"></div>
Jamshid Khodjaev, Deputy Prime Minister of the Republic of Uzbekistan, emphasized that the business forum serves as an important platform for fostering trade, economic, and investment relations between the two countries. “Today we have gathered more than a hundred entrepreneurs and institutional representatives, confirming strong trust and long-term commitment to cooperation between Serbia and Uzbekistan,” Khodjaev underlined.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/Uzbekistan Poslovni forum Srb (10)_634x640.jfif" id="image-tag-1761814399700" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1865"></div>
During the visit, Serbian companies toured the Tashkent Technopark, where they learned about Uzbekistan’s leading industries in the automotive, pharmaceutical, chemical, textile, defense, construction, and mining sectors.
The Business Forum in Tashkent represents another step toward deepening economic relations between Serbia and Uzbekistan and is an important platform for developing joint projects across various sectors of the economy.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/Uzbekistan Poslovni forum Srb (17)_634x312.jfif" id="image-tag-1761814290726" data-image-alignment="article-photo" data-image-size-id="original" data-asset-id="1866"></div>

Serbian and Uzbek Business Communities Open a New Era of Cooperation – Political Support at the Highest Level

Serbian and Azerbaijani companies have the strong support of both governments in enhancing economic cooperation, developing investments, and strengthening trade relations, it was stated at the Serbia–Azerbaijan Business Forum held at the Chamber of Commerce and Industry of Serbia. The forum gathered more than 70 companies from both countries and represents an important step forward in a strategic partnership that has lasted for over a decade.
Deputy President of the Chamber of Commerce and Industry of Serbia, Mihailo Vesović, emphasized that Serbia and Azerbaijan are connected by genuine friendship and a shared commitment to economic progress.
“Our goal is to increase the value of exports and imports through a greater number of joint projects. Azerbaijani companies are well recognized in Serbia for their contribution to infrastructure development, and energy stability remains one of our key priorities. I believe this will be just the first step toward deeper economic integration between our countries, with new investments in tourism and agriculture,” Vesović stated.
Nikola Selaković, Minister of Culture of the Republic of Serbia, underlined that Serbia and Azerbaijan are friendly nations with no open issues and that they are united by mutual support on the international stage.
“Our peoples are strategic partners, and it is particularly important to advance direct business cooperation between companies. The introduction of a direct flight between Baku and Belgrade will be of crucial importance for the further development of economic and industrial relations. Serbia and Azerbaijan will do their utmost to make this idea a reality,” Selaković said.
Sahil Babayev, Minister of Finance of Azerbaijan, reminded that the two countries have nurtured a strategic partnership based on mutual respect and support for the past 12 years.
“There are no open issues between Serbia and Azerbaijan. We have signed 57 bilateral agreements and maintain active trade and investment relations. Several Azerbaijani companies operate successfully in Serbia, while nine Serbian enterprises are active in Azerbaijan. However, the cooperation potential is much greater, and our goal is to make full use of it,” Babayev noted.
Yusif Abdullayev, Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO), pointed out that AZPROMO is a reliable partner for Serbian companies.
“Azerbaijan possesses a well-developed infrastructure, numerous industrial parks, and attractive investment conditions. In addition, we offer tax incentives for long-term operations and are working to strengthen our export capacity. This forum is proof of our shared commitment to developing economic relations,” Abdullayev stated.
Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency of Azerbaijan, said that the agency is open to Serbian entrepreneurs interested in exploring the Azerbaijani market.
“We provide information, contacts, and support for business digitalization. Our goal is to help companies gain easier access to investment incentives and tax benefits,” said Mammadov.
The fact that cooperation already yields tangible results was confirmed by Mile Bojanić, General Director of PERI Oplate d.o.o., who recalled the long-standing partnership with the Azerbaijani company Azvirt in the construction sector.
“We began our cooperation more than ten years ago and have jointly implemented numerous projects in Serbia. From our Azerbaijani partners, we learned fairness and professionalism, which are the foundations of our friendship and success,” Bojanić said.
The Serbia–Azerbaijan Business Forum was held within the framework of the ninth session of the Intergovernmental Commission for Trade and Economic Cooperation between the two countries. On this occasion, documents were signed regarding a development plan between the Development Agency of Serbia and the Azerbaijani Small and Medium Business Development Agency (KOBIA), as well as a Protocol on the Joint Session.
The forum was organized by the Chamber of Commerce and Industry of Serbia, AZPROMO, and the Ministry of Finance of Azerbaijan.
Photo: Tanjug / Ana Paunković

New Investments and Direct Flight Belgrade–Baku to Strengthen Economic Ties Between Serbia and Azerbaijan

At the Chamber of Commerce and Industry of Serbia, in cooperation with the Honorary Consulate of Ecuador in Serbia, bilateral meetings were held between domestic producers of raspberry powder and representatives of the Ecuadorian company Paccari, one of the world’s best-known producers of organic chocolate.
Paccari was represented at the meeting by its founder and CEO, Santiago Peralta, as well as Minja Milojević from Blumen Market, the official importer and distributor of the Paccari brand for Serbia. The purpose of the meeting was to explore opportunities for the company to source raw materials for its raspberry-flavored chocolate from Serbian suppliers. Paccari is one of Ecuador’s most prominent companies, present in more than 40 countries worldwide. Its handcrafted, fully organic chocolates have received over 400 international awards.<div class="article-photo"><img src="https://en-api.pks.rs/storage/assets/IMG-20251022-WA0021_960x0.jpg" id="image-tag-1761216400062" data-image-alignment="article-photo" data-image-size-id="large-image-960xauto" data-asset-id="1859"></div>
On the occasion of organizing the bilateral meetings, Marko Fernandez Nikolić from the Center for North, Central, and South America and Australia of the Chamber of Commerce and Industry of Serbia stated:
“Today’s event completes the initiative we announced at the conference ‘Serbia – Latin America: Business Opportunities’, held in 2023 at the Chamber of Commerce and Industry of Serbia, that we will work even more actively to promote the Latin American market among domestic businesses. In that spirit, in May this year we organized a presentation of Ecuadorian products to Serbian companies, while today we presented domestic products to entrepreneurs from Ecuador.”
Despite the geographical distance and limited information on business opportunities, trade between Serbia and Latin American countries has been steadily growing over the past five years. With Ecuador alone, the trade volume increased from 28.7 million USD in 2019 to 63.1 million USD in 2024.
The Chamber of Commerce and Industry of Serbia has recognized the potential for further strengthening cooperation with Latin American countries and will continue in the coming period to promote mutual business ties through various initiatives and activities.

​Global Accelerators Interested in Investing in Serbia

Global Accelerators Interested in Investing in Serbia