Media Corner

CEVES Visits International Economic Institutes

27. Nov 2018

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”

CEVES is now part of the Initiative Global Compact United Nations

18. Oct 2018

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

Kori Udovički participates in the meeting of the United Nations High-Level Advisory Board for Economic and Social Affairs in New York

18. Jul 2018

June 10th, 2018

The first session of the United Nations High-Level Advisory Board on Economic and Social Affairs, in which Kori Udovički, Chairman of the Governing Board of the Center for High Economic Studies (CEVES), is taking a part is ending today in New York. The Board is a new advisory body that supports the UN leadership’s vision of achieving an ambitious agenda of 2030, i.e. achieving the global goals of sustainable development. The committee consists of 16 members, including former presidents of countries (Ricardo Lagos and Ernesto Zedillo), laureates of the Nobel Prize (Joseph Stiglitz), and other intellectual leaders such as Jeffrey Sachs and José Antonio Ocampo.

The discussion was related to the global economic situation, the challenges in financing sustainable development, and socio-economic implications of globalization and the usage of advanced technologies as well as international migration. During the session Ms. Udovički emphasized that we are standing at the beginning of deep changes in the organization of the global order, and it is difficult to know the direction of these changes. It is therefore of a great importance that the ideas of multilateralism and the protection of the life and dignity of every individual on a planet – ideas that the UN is devoted to – are strongly promoted, including through new media and more direct communication with the world’s citizens.


A cooperation agreement was signed between the University of Metropolitan FEFA and CEVES

07. Sep 2017

September 7th, 2017

University of Metropolitan FEFA and the Center for Advanced Economic Studies signed a cooperation agreement, which created the conditions for the good practices between these two institutions to expand and to provide FEFA students with a practical experience within the CEVES field of operations.

The agreement envisages the organization of student practices by CEVES, the promotion and exchange of knowledge and practical experiences between students and teachers of FEFA and associates and partners of CEVES.

The contract was signed by the director of the Center for Advanced Economic Studies, Mr. Nemanja Šormaz and the dean of the University of Metropolitan FEFA Mr. Nebojsa Savić.

The Center for Advanced Economic Studies highlights the satisfaction with the launch of this partnership and believes that cooperation will be beneficial to both sides and in the interest of acquiring practical knowledge of students.


Danijela Bobić, CEVES’s Program director, on Radio Belgrade 1 about youth entrepreneurship in Serbia

26. May 2017

May 26th, 2017

Danijela Bobić, Program Director of the Center for Advanced Economic Studies (CEVES) was guest on Wednesday, May 24th, in the show “In the Spotlight” (“U sredistu paznje”) which is broadcasted every working day on Radio Belgrade 1. The show was about representing and talking about results from CEVES study “Mapping barriers to youth entrepreneurship in Serbia.” In addition to Ms. Bobic, guests were Miša Živić representative of the LeanPay and Nemanja Glavinić from the organization Junior Achievement.

We invite you to listen to the discussion about the obstacles that young people face in case they are brave enough to start their own business, the examples of good practices from other countries, issues of micro-loans, appropriate incentives for young people in the first year of operation and understanding of entrepreneurship in Serbian society.

Note: The show is only available on Serbian.

Magazine “Business & Finance” – International competitiveness of small and medium-sized enterprises (SMEs)

29. Dec 2015

December 29th, 2015

Danijela Bobić, Program Director at Center for Advanced Economic Studies (CEVES), wrote an article for the January issue of professional magazine „Business and Finance“, on the topic of International Competitiveness of Small and Medium-sized Enterprises (SMEs). The article shows an overview of international activities of Serbian SMEs, their ability to enter and survive on the international market, and specific sectors of the economy with a significant base of healthy SMEs, capable of growing and developing through dynamic exports, while serving as an engine for the overall economic growth.

The article also points to the most important obstacles to a stronger international engagement of SMEs, mostly in the field of access to finance and the capacities needed for finding foreign buyers and following trends and requirements on foreign markets. This is further evidenced by the fact that only 18.7% of SME exporters are capable of exporting to the same market for three consecutive years. In order to address this problem, policy makers should put their efforts into integrating a bigger number of SMEs into international trade flows, and creating the means to enable their survival on foreign markets. CEVES wishes to inspire professional audience and policy makers to start a debate on potential development policies, in order to support continuing exports of SMEs through alleviating current obstacles.

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

11. Dec 2015

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.

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Presentation of the study „Development potentials index of sectors in Serbia“ to the managing board of the Serbian Chamber of Commerce

06. Oct 2015

October 6th, 2015

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.

Kopaonik Business forum 2015 – Presentation of the report “Serbia’s real sector performance”

23. Mar 2015

March 23rd, 2015

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”.

CEVES has analyzed the current state of Serbian economy, trends and structure in exports, competitiveness of single industries and the most promising industries. The main goal of our research is to shed light on the most promising industries, with the potential to drive sustainable growth and development of Serbia’s economy. Exports must play an integral role as the the locomotive of Serbian growth but first it is needed to enhance the international operations of current exporters and but also to encourage non-exporters to internationalize their business.