# Serbia economic development and cooperation

> Live situation record from CLSTR: https://clstr.news/situations/serbia-economic-development-and-cooperation
> Updated: 2026-08-14T10:44:39.000Z. Sources: 11. Developments: 2.

Serbia is engaging in various economic development initiatives involving both bilateral cooperation and domestic support programs.

In cooperation with Austria, the Chamber of Commerce and Industry of Serbia is working to expand ties in technology, energy, and sustainable development. Planned diplomatic activities include a visit to Serbia by Austria’s Federal Minister for Economy, Energy, and Tourism Wolfgang Hatmansdorfer and the President of the Austrian Economic Chamber, Marta Schultze, in late September, followed by a Serbian business delegation visit to Vienna in October.

Domestically, Serbia has announced 10 economic support programs totaling 3.6 billion dinars to assist micro and small enterprises, cooperatives, and specific sectors such as food processing and female entrepreneurship. Additionally, the Serbian Ministry of Economy has allocated 40.4 million euros in subsidies to four automotive companies to support production automation and factory construction.

## Claims

- Minister Milan Krkobabić announced 40 million dinars in non-refundable funds for rural entrepreneurs in Serbia. (corroborated by 2 sources)
- The funds are distributed among 13 local self-governments across Serbia. (corroborated by 2 sources)
- Each local self-government can receive a maximum of 3.6 million dinars. (corroborated by 2 sources)
- Individual entrepreneurs can receive up to 1.2 million dinars in non-refundable funds. (corroborated by 2 sources)
- Approximately 5,400 entrepreneurs in these areas are eligible to apply for funds for machinery, tools, and equipment. (corroborated by 2 sources)

## Timeline

### 2026-08-14: Serbia and Bosnia announce new economic support and business zone funding

Serbia and Bosnia and Herzegovina are launching significant economic initiatives, including 3.6 billion dinars in support programs for Serbian entrepreneurs and 780,000 KM for business zone development in USK.

9 sources. https://clstr.news/cluster/serbia-allocates-40-million-dinars-for-rural-entrepreneur-support

### 2026-08-11: Serbia and Austria seek to expand economic cooperation

Serbia and Austria are working to strengthen economic ties, focusing on new cooperation in technology, energy, and sustainable development through upcoming high-level business visits and conferences.

4 sources. https://clstr.news/cluster/serbia-and-austria-seek-to-expand-economic-cooperation

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Cite as: Serbia economic development and cooperation. CLSTR, https://clstr.news/situations/serbia-economic-development-and-cooperation