Reference rates22.02.2018 / 1.2276 / 7.8085
Serbia, officially the Republic of Serbia is a sovereign state situated at the crossroads between Central and Southeast Europe, covering the southern part of the Pannonian Plain and the central Balkans. Serbia is landlocked and borders Hungary to the north; Romania and Bulgaria to the east; Macedonia to the south; and Croatia, Bosnia, and Montenegro to the west; it also claims a border with Albania through the disputed territory of Kosovo. The capital of Serbia, Belgrade, is one of the largest cities in Southeast Europe. As of a 2011 census, Serbia (excluding Kosovo) had a total population of 7.2 million.
Serbia is a member of the CoE, OSCE, PfP, BSEC, and CEFTA. As a membership candidate, Serbia is currently negotiating its EU accession. The country is acceding to the WTO and is a militarily neutral state. Serbia is an upper-middle income economy with dominant service sector, followed by the industrial sector and agriculture.
Serbia has an emerging market economy in upper-middle income range. Characterized by rich land resources and a favorable climate, agriculture represents a vital sector of the Serbian economy recording a 9.1% share of GDP in 2014, accounting for approximately 21% of all Serbian exports. Serbia's utilized agricultural area is 3. 44 million hectares which accounts for 44% of the total territory. Arable land is the predominant land use (73%) followed by permanent grassland and crops. Approximately 90% of arable land is privately owned and 10% belongs to the government. Serbia is still dominated by small farms, with a significantly smaller average farm size than in most European countries. Farms are predominantly under 5 hectares in size (about 78 %), and utilise around 25 % of the land area.
Serbia produces various agricultural products, mostly grains, fruits and vegetables which constitute a significant part of its GDP and exports. Serbia is number two producer of raspberries and plums in the world. It is also significant producer of maize and wheat. The production of sugar beet and sunflower seeds meets domestic demand for sugar and vegetable oil and permits export of some 180,000 tons of sugar to the European Union.
Serbia is a country with a long tradition in wine and grape production and is currently dealing with the challenges of restoring the “old glow and power” to the wine production. The natural resources and different favorable conditions of the 9 vine making regions and 65 vineyards give a special note to the vine, starting with the vine from the sandy soil in Subotica, past the vines from Podunavlje, red vines from the region of Negotin, traditional vines form Oplenac, mediterranean vines form the South of Serbia to the highly aromatic vines form Fruska gora – “Bermet”.
Livestock production makes around 32% in the whole agricultural production. Meat production in Serbia has a long tradition and some of the biggest successes of Serbian agriculture actually come from this production. Cattle breeding is one of the most important parts of the whole livestock production with the 25% in dairy and 17,6% in the meat production.
Large number of enterprises dealing with the dairy production, meat and processed meat productions, as well as animal feed productions, have export permits for some of the biggest world
markets, like EU market and Eurasian Economic Union market (Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan).
Serbian agro-business sector is very attractive area for investment. There are number of reasons why which agro-business sector is constantly attracting the attention of foreign companies, especially in the area of food and beverage production, where some of the world’s leading companies already discovered Serbia’s vast potentials in this area.
The Ministry of Agriculture and Environmental Protection is responsible for the Government’s strategy in the field of international and domestic agricultural trade, food processing, rural development, environment, forestry, and water management.