The State of Economic Governance
in Serbia
A comprehensive baseline assessment of Serbia's economic governance, institutional frameworks, and progress toward EU accession criteria.
Key Findings
Estimated time until economic convergence with EU at current trends
Serbia's GDP per capita in purchasing power parity terms
Peak public investment level in 2024—one of the highest in recent history
Digitalization is the only area where Serbia has achieved near-convergence with EU levels
Report Sections
The report is organized into four main parts, covering macroeconomic foundations, market economy requirements, and specific policy areas under the Reform Agenda.
Introduction
Overview of Serbia's economic governance and the Reform Agenda framework
Macroeconomic Sustainability
Analysis of Serbia's macroeconomic balance, developments, and real effective exchange rate dynamics
A Functional Market Economy
Understanding the requirements for a functioning market economy under the Copenhagen criteria
State Aid
Analysis of Serbia's state aid policy framework and alignment with EU acquis
Investment Management
Public investment management reforms and their role in Serbia's economic development
Public Procurement
Analysis of public procurement reforms and their role in economic governance
Rule of Law and Regulatory Environment
How implementation gaps in Serbia's regulatory framework affect business predictability and investment
Overview of the Reform Agenda
Structure and strategic significance of Serbia's Reform Agenda for EU integration
Resource Allocation and Industrial Policy
Analysis of Serbia's budget allocation patterns and industrial policy framework for building competitiveness
About This Report
This report examines Serbia's economic fundamentals within the framework of EU accession criteria, focusing on the Copenhagen economic criteria for a functioning market economy and the capacity to withstand competitive pressure within the Single Market.
The analysis covers macroeconomic stability, state aid policy, public investment management, procurement practices, rule of law implications for business, and the industrial policy framework. It provides evidence-based assessments and policy recommendations aligned with the Reform Agenda.
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