중동부유럽

Growth is recovering in 2018. After modest growth in 2017, the economy grew by 4.9 per cent in the first half of 2018 on the back of faster domestic demand growth, primarily investment.

Further progress has been made towards eventual EU membership. The new European Commission Enlargement Strategy for the Western Balkans, published in February 2018, has set 2025 as the year when Serbia could be ready for EU membership, provided it makes further progress in reforms.

Non-performing loans (NPLs) have declined to below 7 per cent. This significant reduction over the past year is mostly a result of the National Bank of Serbia’s decision to make the write-offs of fully provisioned NPLs mandatory.