Latest Activities

CEVES Visits International Economic Institutes

Last week three Economic Institutes hosted CEVES representatives – “Austrian Institute for SME Research” from Austria, “GKI Economic Research” and the “Institute for Economic and Enterprise Research” from Hungary.

Director of CEVES, Mr. Nemanja Sormaz, with his associate visited Vienna in order to establish and develop cooperation with international partners. All three institutes, in the focus of their work, have research and analysis of small and medium enterprises, with emphasis on business climate monitoring, which is also in the CEVES research focus.

Dialogue with relevant representatives was around exchanging experiences on methodology, management structure, as well as cooperation with decision-makers and enterprises. Representatives of CEVES have introduced the management of all three institutes with previous research and work of CEVES in Serbia on SME.

This visit was arranged within the project with the German Organization for International Cooperation (GIZ) – “Private Sector Development”.

Director of CEVES Nemanja Sormaz with Thomas Oberholzner, Deputy Director of the “Austrian Institute for SME Research”

“Challenges and Opportunities after Slow Economic Recovery: the Case of Serbia”

Presentation titled “Challenges and Opportunities after Slow Economic Recovery: the case of Serbia” was held on October 25, 2018 at the Faculty of Economics, University of Belgrade.

Professor Mihail Arandarenko, Professor of the Faculty of Economics and Chairman of the Board of the Foundation for the Advancement of Economics (FREN) announced Ms. Kori Udovički, an old co-worker and founder of both FREN and CEVES, and currently president of the CEVES Governing Board.

The event was attended by representatives of the academic economic community, representatives of the media in the field of economics, students of economic sciences.

The presentation gave a look at the economic structure of the Serbian economy and the reasons for growth slower than expected, as well as the prospect of future economic growth. The presentation talked about the structure and competitiveness of the Serbian economy, from the perspective of institutional sectors, defined on the basis of ownership, size and activity of business entities, as well as on dynamics and sources of growth, with a view to the period after the economic crisis.

The presentation was organized in cooperation with Foundation for the Advancement of Economics and the Center for Advanced Economic Studies. You can download the ppt presentation that was used (available on Serbian only).

Presentation: Opportunities and Challenges After Slow Economic Recovery (and Transformation): The Case of Serbia

CEVES is now part of the Initiative Global Compact United Nations

Center for Advanced Economic Studis is new member of the world platform Global Compact United Nations. With more than 10,000 participants from over 145 countries, the Global Compact is the world’s largest voluntary corporate citizenship initiative committed to the advancement of corporate social responsibility.

CEVES started with its activities by presenting research findings about Sustainable Development Goals at Assembly of Global Compact members in Serbia, held October 4th 2018 at Chamber of Commerce  of Serbia.

The Global Compact is a framework for sharing expert knowhow and promoting the business practices of its participants, which are committed to aligning their operations with the ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption. The Global Compact is not a regulatory instrument – it does not “police”, enforce or measure the behavior or actions of companies. Rather, the Global Compact relies on public accountability, transparency and the enlightened self-interest of companies, non-government organizations, civic associations and academic institutions to initiate and share substantive action in pursuing the principles upon which the Global Compact is based.

The Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set core of values in the areas of human rights, labour standards, the environment and anti-corruption with 10 Principles:

  • Principle 1: respect and support for the protection of internationally recognized human rights
  • Principle 2: Ensure that human rights are not violated during business
  • Principle 3: Supporting freedom of association and the application of the right to collective bargaining
  • Principle 4: Abolition of all types of forced and forced labor
  • Principle 5: banning the employment of children
  • Principle 6: eliminating discrimination in the workplace
  • Principle 7: responsible access to the environment
  • Principle 8: support for projects that protect the environment
  • Principle 9: Participation in the development of non-environmental damage technologies
  • Principle 10: the fight against corruption in any form, including extortion and briber

Conference “Serbia 2030: The Facts and the Options”

August 28th, 2018 Belgrade

The Conference, “Serbia 2030: The Facts and the Options“, held on 28. August 2018 in Belgrade presented the facts and possibilities of sustainable development in the Republic of Serbia by 2030 and fostered a broad debate and discussion among all relevant stakeholders: members of the government working group for the implementation of Agenda 2030, public and private sector representatives, international organizations, donors, civil society and the academic community. The Conference was opened by Chairwoman of the Center for Advanced Economic Studies Kori Udovički, Minister without portfolio responsible for demography and population policy Slavica Djukic Dejanovic, Director of Swiss Cooperation Office, Swiss Embassy in Serbia Ursula Laeubli and the UN Resident Coordinator Karla Hershey.

Minister Djukic Dejanovic emphasized that the focus of sustainable development goals (SDGs) are citizens and that no one should be left behind. When it comes to direct implementation of the SDGs, this work is shared between everyone – because it is impossible to achieve goals without the widest circle of actors in society. Ms. Laeubli stressed the importance of SDGs and that they are incorporated in the framework of the Swiss Cooperation Strategy with Serbia 2018-2021, as well as the Swiss-Serbian Migration Partnership, and that Switzerland will continue to support the nationalization of SDGs in Serbia. Ms. Hershey spoke about the work of the UN in Serbia, the efforts of the Government of the Republic of Serbia in achieving the goals and supporting the dialogue about SDGs in society.

An important topic of the conference was the complementarity between the SDGs in Serbia and the EU accession process. Minister of European Integration Jadranka Joksimovic, Head of Cooperation at the European Delegation Yngve Engstrom, UN Resident Coordinator Karla Hershey and CEVES President Kori Udovički spoke at the panel dedicated to this issue. Minister Joksimović underlined that it is important to talk about the topic of sustainable development, but that we must know that we have already established the context – the process of Serbia’s EU accession has paved the way for Serbia’s development vision. Mr. Engstrom and Ms. Hershey spoke about the European Union’s experience in fulfilling the SDGs, as well as on the benefits of Serbia from the process of European integration in the implementation of Agenda 2030.

The second panel entitled “The starting point – analysis of the challenges” began with the presentation of findings from the brochure titled “Serbia’s Sustainable Development: how are we doing?” done by CEVES. The brochure represents a useful guide to the most important challenges of sustainable development, as well as the benefits that Serbia can rely on in order to accelerate its development. Professor at the University of Belgrade, Faculty of Economics, Mihail Arandarenko, spoke about positive aspects that are hidden below the surface, whose drivers are de novo firms, as well as the problem of Serbia with the export of labor. Olivera Vukovic, Executive Director of SeCons, an organization that has been tracking SDGs for many years, noted that citizens’ trust in the institutions as one of the main challenges of the development process is lacking, as well as lack of indicators for monitoring progress. Mijat Lakićević, Deputy Editor in Chief of the New Magazine, as key obstacle to Serbia’s growth stated legal restriction and bad guided incentive policy. Discussion was moderated by Jovan Protić, National Coordinator for Serbia, ILO.

The final panel entitled “The First Steps – a Debate about the Opportunities” was opened by Christoph Lang, Senior Adviser, Global Institutions Division, Swiss Development Cooperation from Switzerland. Mr. Lang spoke about Switzerland experience in the implementation of the Agenda 2030, their development of a voluntary report and the current state of monitoring of the SDG implementation. Gordana Matković, Program Director of the Center for Social Policy, pointed out that increasing the efficiency, at least as far as the social sector is concerned, is our only opportunity, as well as working on development of full cross-sectoral collaboration, and that investing in education is very important because it is an accelerator for other goals. In the panel, we also talked about ecology, where Slobodan Perovic, Assistant Minister, Ministry of Environmental Protection, spoke about Serbia’s opportunities for creating green jobs and turning towards the circular economy with the possible development of a Green Fund in order to achieve the desired progress. Đorđe Krivokapić, Assistant Professor at the Faculty of Organizational Sciences in Belgrade and the founder of the Share Foundation, addressed the factors of the fourth industrial revolution and the development opportunities that arise from this, such as the impact of technology on the monitoring system, the capacity for public policy analysis and that they can present part of the solution for each issue. The discussion was moderated by Ms. Branka Andjelkovic, Program Director, Public Policy Research Centre, Belgrade.

The conference was held within the project “Preparatory Project for a Society-wide Dialogue Platform on SDGs for Serbia” supported by the Swiss Government and implemented by Center for Advanced Economic Studies (CEVES). Switzerland supported the project with 39 000 Euros, with the aim to initiate a dialogue The event was organized prior to a fall 2018 season that starts with a UN Mainstreaming, Acceleration and Policy Support (MAPS) mission and moves on to an upcoming regional conference on SDGs for exchange of regional experiences.


Final Results of the Call for Project Proposals

Center for Advanced Economic Studies (CEVES) within the project “Using Sustainable Development Goals to Reposition Social Science Research: Pilot project” and published Call for proposals “Towards Meeting the Sustainable Development Goals in Serbia: Job Quality and Economic Structure, How are They Linked?” announces the final results of the evaluation and selection process of received applications.

The Selection Committee have selected and awarded the best evaluated applicant: University Metropolitan – FEFA.

After period of complaint had expired, the Committee determined Final assessment and selection list of applications. Since CEVES did not receive any complaint, the details on the Final assessment and selection list remained the same as the Report on the evaluation and selection process of applications with preliminary results.

Please find enclosed Decision on the Final assessment and selection list of submitted applications; and Report on the Final assessment and selection list.

Decision on the final assessment

Report on the final assessment and selection list

CEVES announces call for associates and job vacancies

1. Economist, Lead researcher
2. Economist, Researcher
3. Economist, analyst


Please send your CV and motivation letter to by June 22nd, 2018. Please quote if you are appying for permanent work position, or as an associate/consultant on project(s). In the motivation letter, describe what would you like to work on, why you are interested to work in CEVES, and what are your strong / weak sides. The motivation letter should not exceed one page. Please note that honesty is recognized and appreciated.

The selected candidates will be invited to testing and interview starting 01.07.2018. Candidates who applyed for project cooperation will be contacted separately.

Additional note – validity of the call:

  • Job vacancy:
    • First cut will be made on June 22, 2018, when we will approach to validating received applications and inviting selected candidates for testing;
    • The call will be opened even after 22.06.2018, unless we find suitable candidates in the received applications by that date, thus we encourage you to apply after 22.06.2018 as well.
  • A call for for associates is open.

Full text of the call – available only on Serbian.

Workshop “How Quality of Economic Growth Works on Human Development”

March 28th, 2018 Niš

The Center for Advanced Economic Studies held a third workshop on March 28, 2018, entitled “How Quality of Economic Growth Works on Human Development”. The workshop was held within the project “Using the Sustainable Development Goals as a Guide to Redirecting Social Sciences Research: A Pilot Project” which supports the PERFORM project (PERFORM is a project of the Swiss Agency for Development and Cooperation implemented by HELVETAS Swiss Intercooperation and the University of Freiburg), as a part of the wider “Preparatory Project Platform for Social Dialogue on Sustainable Development Goals in Serbia” supported by the Swiss Agency for Development and Cooperation.

This workshop were focused on the topics of association and affiliation: service and manufacturing sectors, domestic and foreign companies, education and economy. We believe that all these types of connections are necessary for creating greater added value in the economy and generating sustainable dignified jobs. The South of Serbia is known for former giants who have undoubtedly left valuable knowledge and resources, i.e. as we call them: “bulk capacities”. We have tried to answer the questions of how to employ, multiply and modernize these capacities.

Magazine “Business & Finance” – The Development Potentials Index of Tradable Industries of Serbia 🗓

December 11th, 2015

In the last issue of the economic magazine Business and Finance, Nemanja Sormaz, Executive Director of Center for Advanced Economic Studies (CEVES), presented the findings of the study “The Development Potentials Index of Tradable Industries of Serbia”. In the article, industries were divided into active and passive, with further clarifications of characteristics of both subdivisions.

Read more

Corporative management in family business by Katarina Đulić

Family business is the oldest and most common form of economic organizations in the world. In many countries, family business represents a big number of firms and with a significant contribution to the economy and employment growth. For example, 75% of registered companies in UK are family enterprises, whilst in India, Far and Middle East that number is staggering 95%. In spite of all relevance they have on the economy, these firms, unlike other type od companies, were not given enough support, not even from the legislators nor the creators of economic policies.

Family firms outperform all the firms that are not based on family relations. Company Thomson International has made a simple index for family firms and other types of enterprises in bigger European countries in the period of 10 years, until December 2003. In Germany, index of family firms has increased by 206%, whilst the prices of shares of companies that are not in family property, have only augmented for 47%. In France, this index has increased by 203% and for other firms only for 76%. It is necessary to support this part of economy and encourage families to found these kind of enterprises.

You can read more about family firms here – porodične firme