Economy Of Belgrade
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Economy Of Belgrade
This article is about the economy of Belgrade, capital of Serbia. Belgrade is located in the center of South East Europe, at the intersection of the strategic European transportation corridors Pan-European Corridor X and Pan-European Corridor VII, linking Western and Central Europe with the Middle East. It is lying at the confluence of the Sava and the Danube river. As of 2017, the total nominal GDP of Belgrade stood at 16.21 billion euros, which equates to 9,614 euros per capita. History Growth of investments in Belgrade The troubled political and economic transition during the 1990s left Belgrade, like the rest of the country, severely affected by an internationally imposed trade embargo. The hyperinflation of the Yugoslav dinar, the highest inflation ever recorded in the world, decimated the city's economy In the competition for European cities and regions of the future in 2006 and 2007, organized by the ''Financial Times'' magazine, Belgrade was proclaimed "City of the Futu ...
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Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 million people live within the administrative limits of the City of Belgrade. It is the third largest of all List of cities and towns on Danube river, cities on the Danube river. Belgrade is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in Europe and the world. One of the most important prehistoric cultures of Europe, the Vinča culture, evolved within the Belgrade area in the 6th millennium BC. In antiquity, Thracians, Thraco-Dacians inhabited the region and, after 279 BC, Celts settled the city, naming it ''Singidunum, Singidūn''. It was Roman Serbia, conquered by the Romans under the reign ...
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FDI Magazine
''fDi Intelligence'' is an English-language bi-monthly news and foreign direct investment (FDI) publication, providing an up-to-date review of global investment activity. The A4 glossy pages reach a circulation of 15,488 ABC audited, active corporate and crossborder investment professionals across the world. fDi Intelligence is a central part of the fDi Intelligence portfolio of investment products and services from the ''Financial Times''. Features ''fDi Intelligence'' focuses primarily on FDI news and in-depth analysis of the corporate investment climate across many sectors. Regular columns comprise the following: FDI Report and Rankings fDi Intelligence publishes an annual fDi Report which provides an overview of the global FDI statistics as well as a breakdown of the current picture in key regions like Asia-Pacific, Europe, North America, Latin America & the Caribbean, Middle East & Africa, and the BRIC BRIC is a grouping acronym referring to the developing countri ...
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Elektroprivreda Srbije
Elektroprivreda Srbije (abbr. EPS; full legal name: Javno preduzeće ''Elektroprivreda Srbije'' Beograd) is a state-owned electric utility power company with headquarters in Belgrade, Serbia. It was founded in 1991 and it has 28,083 employees (as of 2019), making it the largest enterprise in the country. The company has an installed capacity of 7,326 Watt#Megawatt, MW and generates 36.461 Watt#Terawatt, TWh of electricity per year. Its installed capacity in Fossil fuel power station, lignite-fired thermal power plant is 4,390 MW, Fossil fuel power station, gas-fired and liquid fuel-fired combined heat and power plants is 336 MW, and Hydroelectricity, hydro power plants is 2,936 MW. EPS also operates three power plants of total capacity 461 MW which are not in the ownership of the company. EPS is also the largest producer of lignite in Serbia operating in the RB Kolubara, Kolubara and Kostolac basins, producing around 37 million tonnes per year. History Since 1870, the coal prod ...
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Elektromreža Srbije
Elektromreža Srbije (abbr. EMS; sr-cyr, Електромрежа Србије) is a Serbian national transmission system operator company with the headquarters in Belgrade, Serbia. It was founded in 2005 after being split from Elektroprivreda Srbije and it is specialized in the transmission of electrical power. It is a member of the European Network of Transmission System Operators for Electricity. History On 1 July 2005, the electric power transmission division of Elektroprivreda Srbije was split from the company and established its own public enterprise subsidiary Elektromreža Srbije (EMS). In November 2016, Elektromreža Srbije changed its legal form to joint-stock company with 100% of shares being owned by the Government of Serbia. In March 2018, the European electricity transmission association ENTSO-E warned over delay of electric clocks throughout Europe's power network due to lower frequency which was caused by the loss of electricity in the network. Namely, the los ...
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Delta Holding
Delta Holding is a Serbian holding company with the headquarters in Belgrade. Delta Holding performs a variety of services, such as agribusiness, real estate and wholesale. It employs around 3,600 people, making it one of the largest non-government employers in the country. The founder and president of Delta Holding is Miroslav Mišković. History Delta Holding was founded on 4 February 1991 in Belgrade. In March 2011, Delta Holding sold its largest subsidiary and biggest Serbian supermarket chain Maxi, to the Belgian Delhaize Group for 932.5 million euros. In May 2014, Assicurazioni Generali bought the remaining shares of the second-largest Serbian insurance company "Delta Generali". In February 2016, Delta City shopping malls in Belgrade and Podgorica were sold to the South African Hyprop Investments Ltd for 202.5 million euros. As of 31 December 2017, Delta Holding has 55 subsidiary companies (divided in four divisions), of which 17 are headquartered outside Serbia. In Mar ...
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Maxi (Serbian Supermarket)
Delhaize Serbia (full legal name: ''Delhaize Serbia d.o.o. Beograd'') or Delhaize Maxi, is a Serbian supermarket chain owned by Ahold Delhaize, with headquarters in Belgrade. Founded in 2000, the chain has around 482 stores in Serbia. As of 2016, it has 20.60% market share in Serbia. History In Serbia, Maxi became the biggest retail company by acquiring companies C-market and Pekabeta. In March 2011, Ahold Delhaize bought Maxi supermarket chain from Serbian Delta Holding for a sum of 932.5 million euros. Since 2013, Maxi and Tempo are no longer operating in Montenegro and Albania. Since 2014, Maxi and Tempo are no longer operating in Bosnia and Herzegovina. The company "Tropic Group" from Banja Luka bought the ownership of 39 retail supermarkets (Tempo, Maxi) from "Delhaize BiH". Locations Serbia Maxi is expanding quickly across Serbia, and plans to have a chain in the entire Balkan region. Some current locations are in the following cities: {, width="50%" , valign="top", ...
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Belgrade Nikola Tesla Airport
Belgrade Nikola Tesla Airport ( sr, / ) or Belgrade Airport ( sr, / ) is an international airport serving Belgrade, Serbia. It is the largest and the busiest airport in Serbia, situated west of downtown Belgrade near the suburb of Surčin, surrounded by fertile lowlands. It is operated by French conglomerate Vinci Airports and it is named after Serbian inventor Nikola Tesla (1856–1943). The flag carrier and the largest airline of Serbia, Air Serbia, uses Belgrade Nikola Tesla as their hub. It is also one of the many operating bases for low-cost airline Wizz Air. The air taxi services Air Pink, Eagle Express and Prince Aviation also call the airport their home. History First airfields The first airfield in Belgrade was inaugurated in 1910 in the neighbourhood of Banjica and was initially used by aviation pioneers such as Simon, Maslenikov, Vidmar and Čermak. Two years later a wooden hangar was built for the Serbian Air Force, which was at the time engaged in the Firs ...
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AIK Banka
AIK Banka (full legal name: ''AIK Banka a.d. Belgrade'') is a commercial bank based in Belgrade, Serbia. History Upon being founded, AIK Banka initially operated as an internal bank of the Agro Industrial Combine Niš since 1976. On 10 August 1993, after obtaining the license of the National Bank of Yugoslavia, it became a full-fledged financial institution, working with legal entities and individual clients, registered as a joint venture. Greek ATEbank acquired 24.99% of common and 24.99% of preferential shares of AIK Banka in 2006 for an undisclosed amount. In February 2014, a Serbian company Sunoko (subsidiary of MK Group), became the major shareholder of the company with 50.37% of total shares at the time. On 1 July 2015, the bank moved its headquarters from Niš to Belgrade, and also changed its legal name to AIK Banka a.d. Belgrade. In 2015, AIK Banka became a member of the MK Group. By purchasing the shares of the Slovenian Gorenjska banka in 2016, AIK Banka increased it ...
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Air Serbia
Air Serbia (stylised as ''AirSERBIA''; sr, / ) is the flag carrier of Serbia. The company's headquarters is located in Belgrade, Serbia, and its main hub is Belgrade Nikola Tesla Airport. The airline was known as Jat Airways until it was renamed and rebranded in 2013. History Origins Air Serbia originated in 1927 when the first Serbian company for civil air transport Aeroput was formed. 1927 was also the year the nation's capital Belgrade became the hub of its operations, with the inauguration of an international airport. Aeroput became the flag carrier of the Kingdom of Yugoslavia and, by the opening of numerous airfields throughout the country, significantly improved connections between the various regions. Besides providing passenger, mail, and cargo service to its domestic destinations, Aeroput inaugurated its first regular scheduled international route, Belgrade–Zagreb–Graz–Vienna, in 1929. During the 1930s, it expanded by opening new routes to other destinati ...
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Belgrade Stock Exchange
The Belgrade Stock Exchange (abbr. BELEX, sr, Београдска берза, Beogradska berza) is a stock exchange based in Belgrade, Serbia. The Stock exchange was founded in 1894 in the Kingdom of Serbia, after the King proclaimed the Stock exchange law of 1886. Currently, the Belgrade Stock Exchange is a full member of Federation of Euro-Asian Stock Exchanges (FEAS) and an associate member of Federation of European Securities Exchanges (FESE). History The first ideas about establishing an institution which would control the movement of the value of money appeared in Serbia in the 1830s. The Serbian Trading Association, important for the development of the entire Serbian economy, initiated the passing of the Stock Exchange Law. The national Assembly adopted the Law on 3. November 1886, and the Law was proclaimed by the then King of Serbia Milan M. Obrenović. Several years later, on 21. November 1894, in "Građanska kasina" the Belgrade Stock Exchange held its Foundi ...
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European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (EIB), ...
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