page_title: Serbia
section_title: Industry
hierarchical_section_title: Serbia / Economy / Industry
caption_attribution_description: There was plenty of high-end metal being unveiled at the Geneva Motor Show, but the likes of the one-off Lamborghini Aventador J, the Ferrari F12 Berlinetta, and the Maserati GranTurismo Sport, and others weren’t the real show stoppers... there were plenty of the big-end players downsizing: Mercedes-Benz A-Class, Audi A3, Volvo V40, and much more. Here’s what flicked our switch. You can check out more on the 2012 Geneva Motor Show here at; &lt;a href="http://www.mynrma.com.au/motoring/news/geneva-motor-show-electric-dreams.htm" rel="nofollow"&gt;www.mynrma.com.au/motoring/news/geneva-motor-show-electri...&lt;/a&gt; as well as; &lt;a href="http://www.mynrma.com.au/motoring/news/geneva-motor-show-best-in-show-part-one.htm" rel="nofollow"&gt;www.mynrma.com.au/motoring/news/geneva-motor-show-best-in...&lt;/a&gt;
context_page_description: Serbia, officially the Republic of Serbia, is a landlocked country situated at the crossroads of Central and Southeast Europe in the southern Pannonian Plain and the central Balkans. It borders Hungary to the north, Romania to the northeast, Bulgaria to the southeast, North Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Montenegro to the southwest. The country claims a border with Albania through the disputed territory of Kosovo. Serbia's population numbers approximately seven million without Kosovo or 8.8 million if the territory is included. Its capital, Belgrade, ranks among the largest and oldest citiеs in southeastern Europe.
  Inhabited since the Paleolithic Age, the territory of modern-day Serbia faced Slavic migrations to Southeastern Europe in the 6th century, establishing several regional states in the early Middle Ages at times recognised as tributaries to the Byzantine, Frankish and Hungarian kingdoms. The Serbian Kingdom obtained recognition by the Holy See and Constantinople in 1217, reaching its territorial apex in 1346 as the relatively short-lived Serbian Empire.
context_section_description: The industry was the economic sector hardest hit by the UN sanctions and trade embargo and NATO bombing during the 1990s and transition to market economy during the 2000s. The industrial output saw dramatic downsizing: in 2013 it was expected to be only a half of that of 1989. Main industrial sectors include: automotive, mining, non-ferrous metals, food-processing, electronics, pharmaceuticals, clothes. Serbia has 14 free economic zones as of September 2017, in which many foreign direct investments are realised.
  Automotive industry (with Fiat Chrysler Automobiles as a forebearer) is dominated by cluster located in Kragujevac and its vicinity, and contributes to export with about $2 billion. Country is a leading steel producer in the wider region of Southeast Europe and had production of nearly 2 million tonnes of raw steel in 2018, coming entirely from Smederevo steel mill, owned by the Chinese Hesteel. Serbia's mining industry is comparatively strong: Serbia is the 18th largest producer of coal (7th in the Europe) extracted from large deposits in Kolubara and Kostolac basins; it is also world's 23rd largest (3rd in Europe) producer of copper which is extracted by Zijin Bor Copper, a large copper mining company, acquired by Chinese Zijin Mining in 2018; significant gold extraction is developed around Majdanpek. Serbia notably manufactures intel smartphones named Tesla smartphones.
  Food industry is well known both regionally and internationally and is one of the strong points of the economy. Some of the international brand-names established production in Serbia: PepsiCo and Nestlé in food-processing sector; Coca-Cola (Belgrade), Heineken (Novi Sad) and Carlsberg (Bačka Palanka) in beverage industry; Nordzucker in sugar industry. Serbia's electronics industry had its peak in the 1980s and the industry today is only a third of what it was back then, but has witnessed a something of revival in last decade with investments of companies such as Siemens (wind turbines) in Subotica, Panasonic (lighting devices) in Svilajnac, and Gorenje (electrical home appliances) in Valjevo. The pharmaceutical industry in Serbia comprises a dozen manufacturers of generic drugs, of which Hemofarm in Vršac and Galenika in Belgrade, account for 80% of production volume. Domestic production meets over 60% of the local demand.
caption: The Fiat 500L is manufactured in FCA plant in Kragujevac.
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