10 2015

53rd Belgrade International Fair of Furniture 🗓

Center for Advanced Economic Studies (CEVES) participated at the Roundtable “Business Opportunity for Serbia – Wood Furniture” held at 53rd International Belgrade Furniture Fair. CEVES presented development potential of wood furniture industry and its importance in the wood industry value chain, and in the whole value chain of the Serbian economy.


05 2015

Competitiveness of Serbian Economy — where does the untapped potential lie and how to use it? 🗓

Center for Advanced Economic Studies (CEVES) presented the results of the competitiveness of Serbian economy as the part of the study “Development Potential Index of Tradable Sectors of Serbian Economy” at the Regional Investment Summit of NIN Focus held on November 5th 2015 at the hotel “Izvor” in Arandjelovac.

Nemanja Sormaz underlined the fact that exports should be positioned as the main engine of a dynamic, sustainable, inclusive, and smart economic growth. In order to continue a dynamic export growth it is necessary to support the most competitive sectors of Serbian economy through “tailor-made” vertical policies.


  • Promoting exports as the cornerstone of development
  • Creating a development strategy with the focus on “potential champions” and competitive sectors
  • Extension of improvement of the business environment but with the addition of “tailor-fit” vertical policies
  • Growth of both export and GDP will be a good measurement of success of the implementation, but the best indicator of quality and sustainability of growth will be the improvement of productivity.


14 2015

Conference “Economies of Korea and Serbia: Ways of potential collaboration and sharing knowledge and experience” 🗓

Embassy of the Republic of Korea and Center for Advanced Economic Studies (CEVES) organized a conference “Economies of Korea and Serbia: Ways of potential collaboration and sharing knowledge” in the Hotel “Metropol” on October 14th 2015.

The objective of the conference was the exchange of knowledge and experience between the representatives of government, economy, academic community, financial institutions and other relevant figures in the economies of Serbia and Korea, which will enable the policymakers to improve the efficiency and effectiveness of the planning process and decision-making in the field of economic reforms, private sector development and improvement of the collaboration between the two countries.

Main topics were the current situation and the future of economic reforms in Serbia, characteristics and particularities of Korean reforms and its industrial policies, and the present economic cooperation between the two countries, and also the room for further growth and strengthening of this collaboration.


Programme of the Conference


  • Daehaeng Kim, IMF Resident Representative for Serbia
  • Milojko Arsic, Professor of Faculty of Economics and Editor-in-Chief of the Quarterly Monitor
  • Gongpil Choi, Senior Advisor, Korea Institute of Finance (KIF)
  • Sang Joon Lee, Professor of Kookmin University and Visiting Research Scholar of Samsung Economic Research Institute (SERI)
  • Bojan Jankovic, International Cooperation advisor of the Serbia Investment and Export Promotion Agency (SIEPA)


06 2015

Presentation of the study „Development Potentials Index of sectors in Serbia“ to the Managing Board of the Serbian Chamber of Commerce 🗓

CEVES presented the results of its research „Development Potentials Index of sectors in Serbia“ yesterday at the meeting of the Board of the Chamber of Commerce and Industry of Serbia that supported this research. This study is a part of one big project which goal is to better understand the development potentials of the Serbian economy which need to be instrumental for future growth and also to define targeted sector support. In the upcoming period, CEVES will unveil its study that will be available to the public.


05 2015

Kopaonik Business forum 2015 – Presentation of the Report “Serbia’s Real Sector Performance” 🗓

CEVES has presented its study “Serbia’s Real Sector Performance” at Kopaonik Business Forum 2015. This research was supported by USAID SLDP. CEVES aimed to determine the competitiveness of Serbian enterprises, by size, industry and regions. This presentation was opened by US Ambassador, mister Michael D. Kirby, who emphasized that private sector “should grow in order to absorb unemployed workforce in Serbia”.

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07 2014

Second Roundtable “The possibilities for SME growth and missed opportunities for financing?” 🗓

@National bank of Serbia. Second Rountable presents a continuation from the research study and the first roundtable event, which was also organized by CEVES and USAID BEP. Ms. Kori Udovički, Deputy Prime Minister and Minister of Public Administration and Local Self-Government and Chief of Party of USAID BEP, Mr. Joseph Lowther, have opened the event in front of high officials, such as assistant of Minister of Economy, Jelena Spasic,  members and Presidents of Executive Boards of the banks included in our research, representatives of National bank of Serbia and of course USAID Business Enabling Project and Center for Advanced Economic Studies.

The goal of this second roundtable was to engage a debate to help create measures whose implementation would facilitate the financing and growth of the SME sector. Evidence suggests that many bankable SMEs with good business results that meet the conditions for credit either choose not to turn to banks for finance or are rejected. These SMEs thus represent a not only a missed opportunity for bank financing, but also for the accelerated development of the Serbian economy.

Photo gallery


19 2014

Roundtable “The possibilities for SME growth and missed opportunities for financing?” 🗓

@ National Bank of Serbia. The Roundtable was held on 19th June 2014 in the Conference Room of the National Bank of Serbia, organized by USAID Business Enabling Project and CEVES. The objective was to present findings of research carried out by CEVES on opportunities for increased SME credit in Serbia and how to motivate banks and other stakeholders how to adjust their procedures and enhance the financing of SMEs. We wanted to see if current bank practices miss the opportunities of generating additional profit and SME growth.

The participants were the representatives of 11 banks in Serbia, that participated in our research, USAID and CEVES teams. The goal was to present our findings, call for a discussion about the factors that affect on supporting this sector, to overcome these obstacles and find suitable solutions.

The following broad conclusions were drawn from the roundtable:

  1. The main obstacles to SME credit growth are the size of the SME market, certain characteristics of the SMEs themselves, and the regulatory environment.
  2. More SME-friendly banking practices could be utilized provided that there is a business case for their implementation.
  3. According to bank representatives, many SMEs could greatly benefit from increased financial literacy and financial and accounting bookkeeping.
  4. Banks noted that they had various degrees of ‘independence’ in tailoring policies determined by parent banks to the local market.
  5. Truly bankable SMEs with promising track records generally do not face obstacles to obtaining credit.
  6. The establishment of regional centers and NBFIs would be beneficial in promoting SME finance

Presentation – Available only in Serbian
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25 2014

Roundtable “Entrepreneurship in Serbia – necessity or opportunity?” 🗓

@ Aeroklub, Belgrade

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