About Serbia
About Serbia
About Serbia
About Serbia
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About Serbia

Population: 8,737,372 people
Territory: 88,381 SqM.
Capital: Belgrade (1,659,440 residents)
Time Zone: Central Europe (GMT+01:00)
Currency: Serbian Dinar (RSD)
Constitution: Democracy
Common religion: Christianity
Serbian Jewry: About 6,000 Jews

In the past, Serbia was part of the former Yugoslav Republic, with Belgrade being the capital of Yugoslavia. After the dissolution of Yugoslavia, Serbia declared its independence as a state on the 5.6.2006, and was fully recognized in the UN and European Union Institutions. Since then and to this day, Serbia is functioning as a sovereign and independent country with freedom of religion and autonomous laws. Serbia has a democratic constitution which allows the people to exercise their freedom of speech and guide the country to positive development which serves its citizens.

Serbia maintains diplomatic relationships with 188 UN member states. The Country operates 65 embassies and 23 consulates around the world.

In the 2017, Aleksandar Vučić won the election and was appointed President of the State. Ana Brnabić was appointed Prime Minister, the first woman to ever hold the position of Prime Minister in Serbia. Brnabić is also a declared lesbian.

On the 5th of September, Prime Minister Donald Trump announced the end of the conflict between Serbia and Kosovo and the signing of trade agreements and collaboration on a variety of issues. As part of these agreements, Serbia and Kosovo announced their intention to establish embassies in Jerusalem, the capital of Israel

Israel – Serbia Relationship

The States of Israel and Serbia maintain full diplomatic relationship since 1992. Both countries collaborate on political, economic and defense fields.

The Serbian Ambassador to Israel said that five years ago, no one thought we would be having 14 flights from Tel-Aviv to Belgrade each week.

“Israelis feel safe in Serbia, and anti-Semitism was never truly felt in the country. The best ambassadors are the good-will ambassadors, the tourists who already visited the country and can share their experience with others.

Geographic Location

Serbia is located to the southeast of Europe (The Balkan Peninsula), with about 8 countries surrounding it.

To the North: Hungary;
To the South: Macedonia, Montenegro, Kosovo and Albania;
To the East: Romania and Bulgaria;
To the West: Bosnia and Croatia.

Serbia is located on a crossroad and in fact connects Eastern and Western Europe. Thanks to its location, Serbia constitutes an optimal landmark for the transference of commodities to markets throughout Europe as well as a potential destination for the establishment of huge enterprises, especially to the north of the country adjacent to the borders with Hungary, Croatia and Romania.

The Danube River flows across Serbia, and is wide enough for sailing ships to cross to Central Europe and the Black Sea. The Danube flows throughout the country and constitutes a natural border on some of the borders with Croatia and Romania.

Accordingly, vast investments in real estate and infrastructures continue to be the Serbian government’s first priority. Since 2015 until today, about 250km of highways have been constructed and about 1,200km of existing roads were rehabilitated.

In addition, the government in Serbia promoted the high-speed railway network which currently connects Serbia with all its European Union neighbors.

Serbia – Major Cities

There are about 7 major cities in Serbia with more than 100,000 residents living in each.

The central and largest city among them is of course the capital city of Belgrade which numbers about 1,676,123 residents.

(City Chart from the Catalogue)

Subotica 5 In 2015 Serbia was named by the “Lonely Planet” global tourism magazine as one of the ten most popular tourist attractions in the world.

The city of Belgrade, which is also known as the nightlife capital of Europe, holds more than 900 festivals each year. The city is known for its vibrant nightlife, fancy restaurants, shopping malls, and of course, its rich history.

Novi-Sad, the second largest city in Serbia, constitutes an important cultural, industrial and trade center in itself. However, the city is mainly known for the “Exit” music festival which is one of the largest festivals in Europe that attracts hundreds of thousands of youngsters each year.

Subotica, The northern and most beautiful city in the country, is located next to the Hungary-Romania-Croatia border triangle. It is known for its spectacular and colorful beauty and for ‘Palic Lake’ which is located next to it and is characterized by a variety of boutique hotels and gourmet restaurants. Every year watersports competitions are held at the lake, and it also hosts the European Film Festival.

Education and Culture

In the field of education and academic studies, Serbia has made great strides to ensure a western-universal approach to pre-school, elementary and high school education, and significantly improved the learning results in the study of the English language and mathematics which became compulsory learning subjects in the classrooms. Therefore and in addition to learning the Serbian language, more and more Serbians have a good command of the English language.

About 230,000 students attend faculties throughout the country. Subjects such as computer sciences, business management, medicine and law are of the most popular. The percentage of academic students in the country is very close to the average number in EU countries.

European Union

Serbia is a full candidate for joining the European Union.

At the Summit of European Union (EU) leaders which was held in Brussels in March 2012, it was unanimously decided that Serbia will receive the status of full candidate to join the EU as a member state.

According to the Union President, Jean-Claude Juncker, “This is an unparalleled achievement for such a young country.”

Seniors in the EU estimate that Serbia may become a full member in the Union towards the year 2025 and that the target date is designed to encourage the government in Belgrade to continue with reforms and positive investments throughout the country.

In fact, Serbia is today the most advanced senior country to join the EU which is an additional sign of the international recognition in the transformation and accelerated development the country is experiencing under President Vučić, along with the full implementation of the trade agreement with the European Union.

Summary

Serbia, a country of 8.7 Million residents, is growing at an average of 3.8% a year, and is in full steam ahead. The country is still developing and the gap between it and its neighbors from the EU such as Hungary, Romania, Bulgaria and Croatia is narrowing in a rapidly acceding rate.

The massive investments in real estate and infrastructure, and the accelerated development of the country in all walks of life in general, together with the political stability and declarations of joining the EU – lead the country to status of being an attractive country for real estate investments, whether by private investors or real estate companies which have identified the enormous inherent potential in the country. 

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