Why Serbia’s Economy is Doing Surprisingly Well

[@filipg.8852]

I'm from Serbia, and i have never had a bigger salary than now and felt poorer in the same time in my whole life

[@izashi47]

where do you live? cause in Novi Sad ,it aint better

[@cikarica3521]

I u komšiluku je isto. Plaće su narasle ali ne toliko da pokriju životne troškove.

[@rohirrim9821]

Postoji fenomen u ekonomiji i finansijama gde ljudi uglavnom negativna merenja pojačaju mnogo više od pozitivnih,oko 40% više Tipa ako nešto poskupi 10%,emotivno imaš osećaj da je 14%,ali ako ti u isto vreme plata se poveća za 10%umesto da budeš neutralan osećaj je kao da si 4% siromašniji. Zbog toga ljudi često govore da nije bilo nikakvog napretka od 2012 ili od 1991,ako su baš polupani,jer odnos CPI-a i medijalne plate u odnosu na 2012 je za 35% bolji,ali cene su takođe porasle,ja se sećam vremena kada je pivo bilo 50 din,ali takođe se sećam da je plata iznad 350€ tada je bila nedostižna za 95% ljudi

[@SportBilly-hk8lz]

You can thank the western hegemony and constant need for wars, driving energy and other costs up by double points.

[@JUSTAVGGAMING]

its every where like that in Canada they cant pay rent

[@popkinbobkin]

4:36 Showing a Russian city named Кунгур while talking about Serbia is Western "journalism" at its peak.

[@andrejs4984]

yeah so not facts (or lack thereof), conclusions or anything like that, not even the sound quality let's say (I mostly listen to these videos while doing something else, not actually watching them) and stuff like that, but showing a small town of a different country probably by mistake is what makes or breaks so-called journalism. And never mind that this is a youtube channel, not some bbc video or sth with large budget and reputation. I have seen mistakes like this made by major or state-run or any other mainstream media of all sorts both western and non-western showing stock footage of a wrong town or even a country, but you expect a youtube video by a small creator group to never make an error?

[@allesarfint]

An understandable mistake, like using a US city when talking about Canada.

[@MrNNNDD]

Imaju staru mapu ne rdi im internet demokracija

[@albelinart7028]

They also showed a Kosovan city in the beginning 😂

[@КириллМакеев-я1э]

@@albelinart7028 as you probably know there is no such country as Kosovan for Serbs

[@ПатрикКошталТрнчак]

I am Rusyn who lives in Slovak Republic. I visited some other Rusyn friends living in Serbia a few days ago. The prices are very high and everybody complain about the economy. I guess the job of the media and KZbin is tell and convince everybody how well the economy is doing when in reality it is doing poorly.

[@vickoslavkovic2593]

Typical by nato propaganda brainwashed ronmo.

[@Makie.2001]

I agree. Economy could be booming like its Roaring Twenties, but if purchasing power of the people is low, so it's their standard of living

[@filippetrovic845]

But then your friend are living in small towns in Vojvodina where improvement is least visible. In Belgrade there is massive difference. Ask them how it was in 2012.

[@vanjamenadzer]

@@filippetrovic845 Luckily for all of us living in Serbia, at least 2.5 mils people have it better. Beograd je bre druga drzava, serem vam se na Beograd. 3 godine zivota tamo kao u paklu da sam bio. Da ne spominjem stanje asfalta u 90% ulica. Ruglo. Najvece selo u Srbiji.

[@abrakadabra5722]

@@vanjamenadzer Za seljacine ti je selo. Tamo ostani ;) Govedo!

[@0alocin]

Serbia's economy may be great, but people still complain because everything is more expensive than ever before.

[@gzoro8645]

so basically the same in every country

[@ElmoR.McElroy]

😂😂😂

[@nemiloszorka1162]

@@gzoro8645 not the same, because other countries had it much better 5 years ago.

[@gzoro8645]

@@nemiloszorka1162 and now they don't, and Serbia is on a path of growth with the future looking bright for the country. Yet here in wester europe its only getting worse. Higher and higher debt to gdp, less and less real wage growth and at the same time rampant inflation. Serbia is riding the wave during these difficult times quite well.

[@nemiloszorka1162]

@@gzoro8645 but western Europe has been quite well of before this, so this is not too difficult for them. Serbia was at the bottom of European economy, with Bosnia, Albania, Macedonia, so it figures we should go up, because there is nowhere to fall down.

[@nemanjaugljesic1983]

GDP is not only parameter in how good someones economy is, our GDP grows but we still have one of the biggest inflation rates as well it was around 16% last year

[@pavlinpetkov8984]

GDP means nothing when you have one gazillionear and a lot of people on the bare minimum. Median income is a much better approach.

[@LoidHDGaming]

This was addressed in the video. Accounted for inflation, it still comes out to a 10% overall increase.

[@123_1]

@@pavlinpetkov8984 Median income in REAL terms... And also calulate with taxes AND services provided by the state !

[@jacksont2040]

Too many people use GDP as a general economic measurement for countries, its not possible to just measure a country's economy like that with a simple number.

[@123_1]

@@jacksont2040 Yes, its true. GDP is oly one measure amongst many, and many times it is misleading: for example Ireland has very high GDP but that is just because it is kind a tax heaven for big companies, without real economic avtivity...

[@aleksabugarski3100]

0:43 “Serbia’s…” shows picture of Priština, my respect 📈📈

[@sstarrgazerr142]

TLDR gets lazier by the day.

[@davidslavkovic6296]

Kosovo je Srbija

[@aleksabugarski3100]

Nah, seems the editor is based and correct.

[@Gusararr]

I hope next time we get to see Banja Luka.

[@ajdoshka]

well we all know that kosovo is not part of serbia and never will be we can dream and draw the maps as we wish them to be but no chance...

[@StudSnob]

Grocery prices are the same as in Germany but a standard starting salary for a factory worker or cashier is 500eur. The programmer class is doing pretty good tho

[@AkiRa22084]

I've been to Germany recently and that is not true.

[@Aggoenix]

​@@AkiRa22084Germany is actually famous for having very affordable groceries. Its the only "wealthy europe" member, where groceries dont cost crazy, actually Hungary, Croatia or Baltics are on like 95-100% of Germany grocery prices

[@GoranRaicevic-ci6ne]

to prosto nije istina...pričaš bajke

[@youmad7068]

@@Aggoenix It is because of market, large countries with tradition of food production like Germany have to many domestic companies to compete, brings prices down. Small nations are always in disadvantage, because imports from Germany and abroad are cheaper then local producers because they produce at larger scale, so local producer has to bring the price up to stay in business, so foreign company brings price up because why not, they are still competitive and you end up with over all high or higher prices.

[@techcodenet]

Serbian grocery prices are on par with The Netherlands. A bunch of Dutch (autochtone and us that are naturalized Dutch) go and do bigger grocery shopping in Germany. There are literally whatsapp/Facebook/etc groups for people that exchange good deals/shops/etc. Actually now I'm wondering if there are people that organize mini-bus/van transport for shopping in DE 🤔 Would be ironic - like we used to do during the 1980s/1990s for Hungary/Turkey/Italy 😂

[@nebojsajeremic7403]

As a Serb I can confirm that there has been some economic growth in the past 5 years. I can especially commend the infrastructure (Milos Veliki Highway, Belgrade-Novi Sad fast train, etc.) But I also have to point out that a lot of people are struggling regardless, while there has been some salary increases, the price increases on all products and services are much larger. Which means that the purchasing power of everyday citizens is less than before. This is mentioned in the video, as it affects those with no increases the most, but it affects everyone. There are constant complaints about prices as similar or same products in the EU are generally much cheaper.

[@marcbuisson2463]

I've also seen articles speaking about a higher population due to a lot of russian immigration. The economy also being linked to the number of working people, it makes sense to see the GDP number grow. I'm french, these were articles in french journals, you'd sagree with them? The number of russians in Belgrad has gone up?

[@markonikolic7957]

​@@marcbuisson2463 yes you often hear russian in belgrade now. Apparently 100k russians move to belgrade or something similar. A lot of them are IT guys with solid wages. On the other hand they brought the cost of rent up by a lot. Basicaly they are a factor but not a major one IMO

[@Radoslav-t5r]

Dodji u australiju,da vidis sta su cijene prijatelju

[@MrDejanmanojlovic]

Jel plata 825e prosečna,odnosno 600e za nas smrtnike šljakere?​@@Radoslav-t5r

[@Pekka.Pekka.1296]

It’s quite unfortunate that Serbia and Hungary became besties (wth Hungary’s being Putin’ lapdog, while ties betwen SRB and RUS are getting stronger) the same authoritarian regime came to life. It will have very very bad long-term effects, Serbia (and Hungary) getting more and more undemocratic, building oligarchy which is a proven way to end in the dump. Hungary is already deadlast in the EU, in the long run Serbia will follow.

[@SN5_SN5]

As a Serbian, the wages slightly increase only for the inflation to skyrocket. My parents work good jobs and are decently paid but the prices are so high we practically go broke each month before the next month. First the Ribnikar tragedy now the Novi Sad tragedy, anyone who gets the chance to leave this country takes it. We are NOT happy.

[@BrewmasterDonegan]

"It's getting better" yet inflation is insane. Purchasing power has dropped drastically. Milk used to be about 60-70 euro cents here in the south of the country about 2 years ago. Now its about 1.4 euros.

[@gzoro8645]

Its like that everywhere though, unfortunately, atleast serbia is getting some pay increases to ride the wave. Here in the UK you would be lucky to get any increase.

[@nemiloszorka1162]

@@gzoro8645 that's exactly the point. Prices are same as in Germany, or even higher then in Hungary or Croatia, but salaries are much lower. 5 years ago, Serbia was cheaper than Slovenia, but now Serbia is more expensive and salaries in Slovenia are more than double from Serbian.

[@gzoro8645]

@@nemiloszorka1162 well thats a lie. A basic google search and i can give you a reference will show you Serbia still much cheaper than the majority of countries in europe. For example current cost of living index for belgrade is 42.1 whereas ljubljana in slovenia is 52.3. Zagreb is 44.8, western europe to not even talk about haha. You have no idea what you are talking about, actually do some research before you spout nonsense and make claims that you have pulled out your @*s.

[@gzoro8645]

@@nemiloszorka1162 you should change your name to nepismen because you're clearly not the brightest.

[@nemiloszorka1162]

@@gzoro8645 I live in Serbia and I've been to both Croatia and Slovenia this summer, not to mention Germany. And cost of living index is a representation on absolute cost of things. Zagreb and Lubljana have salaries are 2-3 times higher than in Belgrade. Don't cherry pick facts.

[@iKrivetko]

Same reason why Georgia and Armenia grew I'd imagine: it's among the easiest countries for a Russian citizen to move to. Letting tens if not hundreds of thousands of people from the middle class and above move capital and settle without too much of a headache does that to any economy that isn't very large in the first place.

[@ArthurTully]

This precisely, there's so many of them here it's crazy Especially in more high-end luxury places

[@Vukleidon]

I love when people who have no idea what’s going on in the country comment with such confidence.

[@Felix-rw2et]

All that influx of Russians and their money is pricing out the locals now. Food & Property is now unaffordable.

[@Dotalol123]

Bingo! Around 400k Russians came to Serbia and open business or continued to work here remotely for western companies because they cant transfer them paycheck in Russia...

[@diskos8n662]

It's just on paper, economy is getting much worse

[@besabass]

As a Serb from Belgrade, I've never had a bigger selary, but I still can't afford a roof above my head, or even to replace 15 y/o car. This "economic growth" in last 3-4 years "lowered" my paycheck from slightly above average, down to average, while prices of everything went f-king bonkers.

[@gabordenes1198]

I am from Hungary and we visited Novi Sad in the summer. I was surprised if not shocked how developed it was.

[@aca.eurotrucker]

Come to Belgrade, it's even more and more developed

[@Lucasal1296]

Man, every other video is "why this country is doing great" or "why this country is in crisis", but if you live in them you can tell none of this is really happening. It has been business as usual since the pandemic everywhere.

[@TimmmTim]

Yeah and Serbia is NOT doing well, not even close to doing well. It's doing better, yes, but except for maybe 2-3 countries, the entire continent is doing better.

[@justasking8996]

​@@TimmmTimWrong. Listen video again.

[@davidslavkovic6296]

@@justasking8996 Ti si dečko SNS botina.

[@ekesandras1481]

Serbia is doing well, because its neighbours are even doing more well. Wages in Romania for example have risen to such a level, that low cost industries move their factories across the border into Serbia. Is that good for Serbia? Yes, it creates jobs. But it also shows, that they are far behind even Romania.

[@mustyHead6]

vibes are different than actual empirical data. People think inflation is constantly eating away their wealth but don't realise their salaries is also growing. They attribute former to the state of the economy, and latter to their own skill improvement.

[@Knap3874]

I’m really sorry guys, but this video is misleading as it fails to account for the bigger picture. Rent and food prices increased more than 100% last few years. You’ll get a better meal in center of Paris that’s cheaper than one in random Belgrade restaurant. Young people can’t afford to move out and salaries barely cover what ware once considered middle class needs. As of writing Serbian youth is leaving the country in droves.

[@LoidHDGaming]

This was addressed in the video. Accounting for inflation, the overall growth is still 10%

[@Jekoo63]

I agree that everything got more expensive in Serbia, but comparing Belgrade to Paris is literally crazy

[@Knap3874]

@@LoidHDGaming growth of what ?

[@Knap3874]

@@Jekoo63 been there. Cheaper meals

[@gzoro8645]

also a lot of diaspora are loving back to serbia. And those idiots leaving Serbia think it will be better elsewhere?😂 as if they wont also run into inflated prices and much less chance of a pay increase, and a much smaller one at that (i'm talking about the UK).

[@Bobhenry-c7z]

Great country, great people, and there is a lot of construction. Best of luck!

[@Gracejay-d2e]

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[@DeannaPeters-lz8we]

@@Gracejay-d2e I agree, working with an advisor helped me build a $1.6m stock portfolio. Her guidance was invaluable, especially as an early investor in NVDA, VOO, SCHD, and QQQ. Information, insight, and predictability are crucial in the stock market.

[@Andreallln]

@@DeannaPeters-lz8we I'm interested in trying this out. Who is your advisor, and how can I contact this person?

[@DeannaPeters-lz8we]

@@Andreallln I have stuck with the popularly ‘’Sharon crump cline” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@Andreallln]

@@DeannaPeters-lz8we Thank you for the lead, searched Sharon crump cline by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!

[@solarfox024]

Big markets in Serbia selling goods for 200-300% more than they should. Only few basic stuff like, sugar, oil, salt are not soooo high price to maintain social piece.

[@davidslavkovic6296]

I would argue that things aren't getting really better unless you're the very top of the richest people and in close relations with the ruling party. A few things to point out: 1. Urbanism is completely neglected and whole sections of Belgrade and other cities don't even have sewage or proper infrastructure. This is being absolutely ignored by everyone. 2. All of the institutions are under the strict control of the ruling party and the public services have only become worse in the last five years all so. 3. In most cases, you can only do well for yourself if you're either close with the ruling party or working for foreign companies, preferably as an independent contractor working remotely. 4. The levels of corruption and the party's involvement in crime and corruption are INSANE. If I were to start telling stories here, I bet Westerners would think I'm making things up.

[@poremechen]

Are you talking about Serbia or Croatia? Because it sounds a lot like Croatia but we have western educated politicians that bow to everything with western prefix forgeting about history, culture and needs of its own people.

[@davidslavkovic6296]

@@poremechen I'm talking about Serbia. And, believe it or not, Vučić and the entire party bows to everything from the West. They're just pretending that they're not but their actions say otherwise.

[@St_just]

Well, If ya really think so, the only solution is passport and one way ticket out... In reality, all 4 points.made here are true at some point, but simply warped in many others...Infrastructure is better than ever, transportation network is allready excelent with new highspeed railroad and 5 highways on the way.. megastructures are being built right now, collectors of sewers are also starting, and progress is visible in every asspect of life... Autocracy is mild, comparing to Balkan standars its even childplay...Public sector is controled by ruling party, as it were from 1945. when communists included so called politicaly/moraly suitance...Its the mkre or less the same in all balkan, east Europe or meditetenian societes including Greece, Italy, Spain or Portugal...

[@davidslavkovic6296]

@@St_just "the only solution is passport and one way ticket out" If our ancestors thought this way, we'd be talking Turkish and German here. So I'm not backing down. The solution is to participate in official public discussions and demand proper infrastructure and urban planning. Apart from some additional highways and motorways centered around Belgrade, infrastructure is far from good. If you get the chance, walk around Belgrade and pay attention to the sewage system or, let's put it, the lack of proper infrastructure. The lives of most citizens are made worse. I've been to other Balkan countries and South European countries. We can only compare to Montenegro where they're dealing with similar issues. If things continue the way they are, it's not looking good for us.

[@poremechen]

​@@davidslavkovic6296 so.... all this cook up 30 years ago was in vain?! everything people owned is now property of foreign corporations and politicians are just aparticheks of outside powers?! also, property tax on US model is just being forced over here... I wonder when will it start elswhere. I hoće li ljudi to ikada više ukapirati da se kuhaju kao žabe.

[@mihailo2662]

We barely have enough money for food let alone life, wtf is getting better here💀

[@kingtiger5040]

It can trickle down at least.

[@mihailo2662]

@@kingtiger5040 Trust me, nothing is "trickling" here only thing here is dying in debt

[@Megan-ii4gf]

@@kingtiger5040 Trickle down economics is a myth. Rich people don't trickle their money down all over you, they pay other rich people for the shit you make at minimum wage. They also invest it into big money projects to generate more money, which sucks up your money because right wing governments invest in them using your taxes. You see none of it. The right loves to obfuscate and lie to stop you from seeing how their one and only goal is to rob you blind in every covert way they can think of.

[@Megan-ii4gf]

@mihailo2662 It's the same here in the UK, anywhere that isn't London. These posh middle-class twats will act like Britain is "struggling a little", but "fine". In reality I've seen a grown man on the bus, crying his eyes out, because he's got - and I quote - "NOTHING LEFT". I've heard several pensioners lamenting how they don't know what to do, how they're going to live, they don't have money to heat their homes or even to buy food. People walk around looking gaunt from malnutrition, drug use and the drug economy in general are exploding. You see it in the amount of drug couriers, kids on bikes with balaclavas on, that are moving in the streets day to day. And gambling goes up as desperation goes up. The police don't give a fuck, the government don't even mention it because it'd make them look bad, and none of these rich posh bastards even look in our direction because they think the country are all living it up like them when in reality our areas are disgustingly deprived. Oh and even better, mention this to someone online and you'll get "lmao!! britain is a rich country! it's so much harder here!! haha whatt!!" - when I worked down in London, in 2019, I could only find work at Gatwick airport. I was working at a business lounge, catering to CEOs and diplomats, barely getting paid minimum wage for running the place single handed. There was a month-long period over Christmas where the only way I could eat was by taking food from work, eating the table scraps left over from conference bookings, or straight up shoplifting from the shops in the terminal. I lost three stone in weight over the course of working there, because I was starving so often. FIVE YEARS AGO. Rent payments were so high I was putting 50% or some months 60% of my wage into it, if any extra costs came up I was fucked. Public transport was another 10% of my wage. I was trying to pull as much overtime as possible just to get some extra money to be able to pad my account because I would lose it all in a month where I didn't pull enough - until my manager told me he wasn't going to sign off on any more overtime. But hey! The macroeconomic picture is marginally better by a percentile in several measures, so I guess I'm just fucking imagining things!! I fucking hate this country.

[@Polavianus]

​@@mihailo2662 Reaganomics had really screwed over the world for the 21st century

[@mo0N53m]

My wallet is not feeling it 😢

[@Ynhockey]

Went to Serbia a few years ago. Great country, great people, and there is a lot of construction. Best of luck!

[@danielg2702]

Serbia’s economy is striving 😂 does this guy ever proof read his scripts?

[@madalintare111]

Go Serbia, love from Romania.

[@nikolaforzane2285]

❤

[@markonixanikolic5280]

thank you ❤

[@RosemaryEdwin-lh5ih]

From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@AgeaisethMintcompany]

Wow that's awesome

[@AgeaisethMintcompany]

But I still love my mentor Sophia

[@Justinhsgsfwfefyu]

I Hit 210k today thanks you for all the knowledge and nuggets you had thrown my way over the last months. Started last months 2024. Financial education is indeed required for more than 70%of the society in the country as very few literate on the subject. Thanks to Mrs Sophia for helping me achieve this

[@ApprovedGiveaway]

It is really refreshing to see a comment about Sophia I have worked with her also. her approach consistently keeps you ahead of the trend, She's the best i'll say..

[@eugenemarsha]

I'm celebrating a $52k stock portfolio today. I started this journey with 6k. I have invsted on time and also with the right terms now I have time for my family and the life ahead of me

[@afterought6275]

Corruption is rampant.

[@goransukovic8703]

Really? Give us example.

[@afterought6275]

@@goransukovic8703 Živiš u Srbiji a ne vidiš korupciju na svakom koraku?!

[@NWisdom]

@@afterought6275 a gde je nema? to je bolje pitanje :)

[@ivanmatanovic2224]

Nije nista bolje ni u Hrvatskoj, ne brini buraz

[@goransukovic8703]

@@afterought6275 не видим.

[@mihaa94sky]

Doing so well? Someone forgot to inform Serbian people of it I suppose.

[@Dotalol123]

Ne razlikujes svoju sopstvenu od drzavne ekonomije, Srbija je postala Evropski Tajland, dolaze digitalni nomadi, trose svoje plate ovde i podizu BDP = ekonomija cveta, e sada ako nisi vlasnik kafica/restorana, ili ne radis u IT sektoru, ovo bukvalno nema veze sa tobom...

[@mihaa94sky]

BDP samostalno nije dovoljan da pokaže ekonomski rast. Ali da, u pravu si, radna klasa ljudi većinski neće osetiti neki boljitak.

[@Dotalol123]

@@mihaa94sky Svuda je isto, evo na primer Hrvatska uzima milijarde od turizma, e sada ako si ti Hrvat u Slavoniji i nemaš kuću da izdaš na ostrvima, ili na obali, ti možeš da gledaš te milijarde i da plačeš...

[@miskomarkovic3446]

Haaaah bravo kralju! Ovo im je diktator dostavio grafikone

[@miskomarkovic3446]

​@@Dotalol123Ćut splačino

[@Mr__Singularity]

Serbia is growing, but from low base - ~11K per capita. People need to understand and distinguish concepts of: rate of growth and growth. India for example, with its current $2700 per capita may have rate of growth of 11% and its per capita will grow by just $300 to ~$3000. US may grow by a mere 3% and because the base is $80 000, US per capita (already 30x higher) will increase by $2400, so in reality US is growing almost 9x faster than India. The gap between poor and rich is still growing.

[@AkiRa22084]

Until rich women start marrying poor men (which they never will, since the genders are not equal), the gap will only grow faster and faster.

[@fpsserbia6570]

they present in % because if they presented the way you did most people would realize how low the growth actually is

[@aleksandarteodorovic5349]

Yes but how much is the AVERAGE rent in Mumbai vs. Chicago? A loaf of bread>?

[@fpsserbia6570]

@@aleksandarteodorovic5349 the biggest difference between Serbia and other western European countries is CORRUPTION, and then the money comes at the second place, minimum wage in Germany - 1531e Serbia - 457e the level of corruption and autocracy that is being built in Serbia is what is preventing Serbia from growing economically, that is also a reason why most people choose to leave Serbia

[@aleksandarteodorovic5349]

@@fpsserbia6570 I agree but this is imposed by the Americans who are currently occupying the country. They need weak, banana type of state so they can control it, squeeze it and ultimately destroy it. Remember, we are "!THE RUSSIAN OF THE BALKANS". AT THE MOMENT, THE PLAN IS TO DECIMATE US WITH THE EXTRACTION OF lithium. Second, West is highly corrupted but in a more discrete and legalistic method. How many off shores are contrived by the West>? They cover tens of trillions of dollars.

[@ProudTurkroach]

As an indian i'm happy to see Serbia rise May serbia become rich and prosperous (Kosovo is just south serbia)

[@seal4150]

Kosovo is a sovereign state, keep crying about it, it wont help you

[@ivanpetrovic8830]

As an Indian you will probably be imported in Serbia as a slave labourer like many of Central- and East-Asian people already imported because Serbian people are leaving Serbia to live in better countries inducing shortage of workforce.

[@RainDelay]

Thank you, our Indian brother! Btw. Serbian and Sanskrit are very similar languages!

[@AkiRa22084]

@@seal4150 No, it is not. More than half the world has not accepted it.

[@seal4150]

@@AkiRa22084 even serbs cant deny that it juridicially speaking is a soveregin state with its own laws, borders, military and institutions, now feel free to debate who it should belong to all day. but to factually claim that Kosova is a part of serbia is a lie.

[@vanjanja]

What are you talking about??? We are choking here, poverty was never this high!

[@andreysitnik]

I think this analysis is missing important part: Serbia became the main destination for Russian upper-middle class to run away from the war and dictatorship. They bring money, and it increases household spending a lot.

[@Janosevic80]

This is the main reason

[@JVlada]

Russians who come to Serbia do not invest their money excessively. They try to live in isolation from the local population and act as if they are only there temporarily. There are far fewer benefits than it seems.

[@andreysitnik]

@@JVlada agree. This is why I am talking about regular spending and not business investments. And this video also talked about average salary and spending increasing which is exactly related to Russians who are just spending their salaries in product stores. (There are plenty of new businesses started by Russians, but I agree that it could be more)

[@youmad7068]

The only thing Russians and Ukrainians coming to Serbia did, was incrising apartment rent prices, made it unbearable in places like Belgrade and Novi Sad, they are a bit stingy when it comes to investing, probably because they are mostly digital nomads. Growth came from massive infrastructure investments: highways, local roads, rails, hospitals and schools and also gov. is building social apartment buildings for government employees all over the country: police, military, medical and educational workers. Also about 2500 factories were build true foreign investments, Turkey alone has about 800 small production facilities in Serbia, Germany is second in number of production facilities but their facilities are much larger and typically more complex operations and pay way better. Serbia has 500k more people with jobs then 10 years ago, despite the fact that more then 450k left Serbia in same time period. Things are getting better, but this war in Ukraine is not doing good for anybody, inflation would be way smaller if there was no war.

[@romanchunarev5419]

​@@JVlada This process takes time. From what I’ve observed, it took a decade or even two for Poles, for example, to integrate into UK and German society-and even then, only to some extent. It’s a difficult transition, especially for those who didn’t relocate by choice.

[@AncientKing9197]

I'm from India 🇮🇳 and I'm happy to see Serbia 🇷🇸 doing good

[@StefanBlagojevic]

@AncientKing9197 Kind regards from Serbia to all the good souls in India. All the best brother!

[@AncientKing9197]

@StefanBlagojevic thanks. India 🇮🇳 and Serbia 🇷🇸 are good friends

[@neonex2046]

Thanks, but in reality it's not doing good.

[@AncientKing9197]

@@neonex2046how and why?

[@bvgames286]

A lot of this gdp growth was created by the real estate becoming TOO EXPENSIVE, it has grown immensly in the last 5 years, almost DOUBLE

[@CoreyMabbit]

Right, with both prices increasing by 100% since pandemic and housing prices on par with USA.

[@dannydenison6253]

Housing prices is what always does us in

[@ucouldnevah]

oh god🙄 prices are gonna rise anyway… if the economy is doing good or bad.. stop complaining

[@zUJ7EjVD]

At least they're not on par with Australia.

[@CoreyMabbit]

@@ucouldnevah Yeah, if the economy was same as there, our yearly income is around 12k euros for normal folk, and 50% of people live with way less income, not 60k.

[@CoreyMabbit]

@@zUJ7EjVD Hopefully not till next year.

[@timothyjohnston6456]

I have lived in Serbia for 18 years. I have never made more money annually. Also, I have never been struggling financially. If i had the amount of money I do ten years ago, i could have bought an apartment, now I struggle to make rent. Just because of this video i feel I can no longer trust this channel and am unsubscribing.

[@miroslavmirkovic9665]

🤣

[@gzoro8645]

timothy johnston😂 Very Serbian name, nice try bot

[@Lucasal1296]

​@@gzoro8645are you illiterate homie?

[@DusanBocvarov]

Man , I'm sorry, you can go on some better place, whenever you want, all the best

[@zabunko]

@@DusanBocvarov No we cant, that is the issue. We cant afford to go to better place to you know go better life as in first place we barely afford to survive here too, who would cover cost of papers and such needed to emigrate somewhere? We are getting punished by EU for being poor by introducing us paid visas, face scanning, etc, while the illegal immigrants are enjoying their life's in there with no consequences...

[@stevanzdravkovic835]

Prices are terrible, everything is so expensive

[@-----Alcatraz------]

That feeling when some random guy on KZbin is telling you how well the economy of your country is going but you yourself know it's a load of malarkey. Yeah my wages are high BUT SO IS EVERYTHING ELSE. The average salary is not €825, more like €600

[@rastkosimic6975]

I like how photo of Prishtina was inserted while talking about Serbia's economics growth. Good job authors, you respect the territorial integrity of Serbia and UN resolution 1244.

[@Shoshkan01]

This all might be true in the capital, rest of Serbia, especially in the south is mega struggling. I earn a same wage in Slovenia as 3 of my family members together. I work as barman and my family works in a factory, its all "unskilled labor" but the pay is DRASTICTLY different. Prices are pretty much the same in both Serbia in Slovenia. Edit: Btw we arent outpacing anyone in the EU, we are literally starting to catch up to the EU Standard, the living standard is still uncomparable!

[@ВалтерРистов]

0:45 I just love it when you talk about Serbia and on the background on the screen it's scenery of Prishtina. Lowkey admitting that Kosovo is rightfully part of Serbia. Bravo for that. Cheers!

[@novildo92]

Vučić paid this video 😂

[@xmanmucm3015]

I have heard only good things about SRBIJA. I will visit next year for first time. My best friend told me to try the nice food and visit orthodox churches. Also i should go visiting historical placees in Beograd. I am so excited and counting days till travelling. Wish you all the best.

[@farright118]

Serbian GDP growth is only good if: 1. It's the people that benefit from the growth 2. And 2, it's results in higher fertility rates Otherwise the news it's worthless

[@CptMark]

1) they are 2) that's the "elephant in the room" no one want's to talk about

[@theAllucard]

Much of the growth is from Chinese investment into dirty industry and mining, and Russian middle class coming to Serbia (200.000-300.000 people approximately). The Chinese bring a lot of workers from Asia because they require smaller salaries, and the companies got special contracts with the government so they don't have to obey the labor laws in Serbia, they basically function as Chinese territory, with Chinese police in the facilities. Russians that came just doubled our rent prices and created their parallel society in our 2 biggest cities. They opened their companies and daycare centers, schools and everything, and also some restaurants that don't even have a menu in Serbian, just Russian. So basically this all is counted in the GDP, but Serbian citizens don't benefit at all from it, we just struggle to pay rent now, because a price for a fckn studio went from 150 to 300-350 euros, and our wages god increased for like 10-15% in that same period so we are having it worse that 5 years ago. The fertility rate is abysmal, only a few municipalities with Muslim majority population have fertility above 2.1

[@Phyt5]

@@CptMarkwhat is the elephant in the room?

[@rohirrim9821]

Doubtful, Serbia's fertility rate has been around 1.5 for 50 years,spanning from the era of abundant social programs in the 70s and 80s,the war,the trash heap of the country in the 2000s and up until today.

[@Janosevic80]

Higher fertility rates can only be achieved with better policies focused on sustainability, labor laws and housing, as well as improved parental leave for fathers and better public health initiatives. You can give millions for babies but money alone won't fix the problem

[@dengist8172]

Being friends with China and Russia is good for your economy? Who would've known

[@enhancedutility266]

They're basically growing by absorbing all the slack in the western markets very smart move

[@samosrx9320]

​@enhancedutioolity266 oo yess

[@AlexM-t6h]

Being friends with any country has benefits.

[@enhancedutility266]

@@AlexM-t6h exactly

[@lollymanna]

Most of china,s investment in Europe goes to Serbia. It,s not surprising their economy is doing well. China has also begun to invest a lot in Spain and alas, Spain,s economy is doing well.

[@Felix-rw2et]

Since the beginning of the Ukraine war in 2022 we have had more than 300,000 people come to Serbia (Ukraine & Russia). The families that have come are really well off compared to the Serbian average household income. Most of them have settled in Novi Sad and Belgrade and it has really increased property prices and food prices. The average citizen of Serbia has been priced out now and has had their living standards significantly dropped while the official statistics shows the economy booming. Its all a lie. The Orwellian style government is parading those figures to portray a facade/Potemkin village that they are successful but the reality is totally different.

[@Srbazo]

Serbia is great going in the right direction,safe beautiful old with history i like how they go about being neutral and wanting to be friendly with countries that respect mutually.... Belgrade is great and let's not forget how much Serbia suffered from wars fro 12th century on

[@forzaazzurri1471]

Good, time for Serbia and Albania to invest in and and improve the Western Balkan’s economy. The real enemies still are high unemployment, low incomes, and young people migrating away.

[@aleksandarilic93]

unemployment is 7%... thats not high wtf.. and even that 7% works iligaly somewhere. We do much better when you count the gray market. I have not payed tax or anything on the money i make on the side... Anyone working for a dayly wage is not paying anything or reporting it to the state. I made 2000 € iligaly 2 years ago. Im not telling that to the staate, and they dont care. Also imported stuff cheply form the eu and china. no one is asking me to pay tax on that. ahahha My mother works undocumented for the last 40 years...

[@adrianivasku6400]

I live in Serbia and cant believe the title 😅😅 , Serbia was never poor like today. The data from your video could never be so far from reality. Starting to.wonder how accurate are other videos.

[@getnohappy]

Its always good to be the country the bigger boys are (figuratively) fighting over

[@WILDWEST9999]

im russian, i live in Serbia. i don't speak from native folks but for 3 years the changes in the country were MASSIVE, it's obvious. Serbia is moving to the bright future fr

[@DusanBocvarov]

👍

[@ivanpetrovic8830]

That's because you're loaded, like most of Russians here. If you had to work for medial salary you couldn't afford your Lower Dorcol apartment, let alone basic food needs.

[@konstantin231]

please go home

[@dusandacevic1060]

Ruski brate ne kaze se domoroci, vec srbi, prvo su bile amebe, pa srbi, onda je nastao darvinov majmun😂

[@farez1577]

Serbia GDP per capita : $11,270 Malaysia GDP per capita : $11,648

[@nemanjax]

Serbias GDP per capita as of 2024 is $12,385. Maybe last year it was $11,000

[@farez1577]

@@nemanjax how do u even know 2024 gdp numbers when 2024 is not even over yet? unless it is a forecast.

[@nemanjax]

@@farez1577 Of course it is a forecast but it will not be $11,270 for sure 🤣 You can see it on Wikipedia

[@farez1577]

@@nemanjax i take the latest official world bank data from their website and that's the real figure, it u want to know the 2024 gdp numbers u have to wait until july 2025, i don't trust forecast.

[@mlynto]

What is your point? Malaysia sucks just as bad as Serbia? Or Malaysia is just as good as Serbia?

[@Lazardeve2]

As a serbian citizen... No. Prices are constantly going up. The only thing we get is more labor. Not jobs that cost more. Serbian citizens such as myself have problems managing our budget, especially due to the low pay. As for other things the info structure still isn't improving. *Cough Cough* The belgrade metro. *Cough Cough* And overall serbia is not in any economic boom. Only in an immigration boom.

[@Lazardeve2]

Its gonna take a long while for that to happen.

[@Robespierre-lI]

There's more to an economy than prices. Even with inflation, an increase in GSP is likely to have other knock-on effects which are good in the long-term. Inflation is not specific to Serbia in this case. It is global. Everyone is complaining about it.

[@Zanuka]

is mass immigration coming to Serbia?

[@des_moines840]

​@@Lazardeve2migrants will allow your economy to grow morw

[@Zanuka]

@@des_moines840 there are more important things than the mindless economy going up mindset in my opinion; such as homogeneity.

[@dejanmilosavljevic3822]

Brate dođi kod nas da uživamo u blagostanju😂😂😂😂😂😂😂.

[@PekiGaming]

Life's only getting better in Belgrade, in rest of the country it's getting worse

[@val-schaeffer1117]

Rest of the country has fled to Germany, Netherlands, France.

[@Jekoo63]

@@val-schaeffer1117and Austria

[@Drunken_Master]

That's because only old and incompetent people who are satisfied with cushy state-funded jobs live there. Anyone with an ounce of brain already left, either for Belgrade or abroad.

[@Pekka.Pekka.1296]

Hungary is almost the same: it’s getting worse everywhere. Authoritarian regimes don’t like their people but the power only.

[@Bokidelija994]

It's shit here also in Belgrade dont get it twisted my friend. For an avg person it's awful.

[@user-xj3ve7wt8k]

What boom? Ask the citizens of Serbia. I am in Serbia almost every month. Serbia is the third poorest country in Europe and the most corrupt country in Europe, right after Turkey. When you are at the bottom, you can only go up, because the way down is the bankruptcy of the state. Low wages, catastrophically high prices. This is paid video, right ?

[@oijgg3p]

You are salty as fak. Jealous your neighbours are doing better than your country. Get a life.

[@KING-pc2tp]

In every other video you are croat and now you are Serb? interesting. You may have recognized who your great-grandfather was, greetings

[@KING-pc2tp]

@@user-xj3ve7wt8k Good try croissant.

[@savozivkovic3392]

This is paid coment?

[@NikolaAvramov]

"and the most corrupt country in Europe," Ok, now I know you're lying.

[@theunknownseraph]

It does NOT feel like that, people are still living paycheck to paycheck while grocery prices are higher here then they are sold in the EU

[@kaj3834]

By the way, Poland's growth is prjoected to be at least 2.9% up to 3.5%. Already in last quarter it was already 3.2%

[@vladimirjovanovic4841]

As someone who's living in Serbia, I don't know if I should laugh or cry after reading this title.

[@techcodenet]

As as Serbian that spends summers in Croatia and actually lives/works in The Netherlands... Across all three countries - year after year - the prices of everything (food, clothes, electricity, housing, transport ...) increased more than the salaries grew. In case of Serbia - increase in trade might be because country is still trying/managing to trade with both sides of the ongoing West/East chasm. So for example if you want to travel from/to Russia - you need to fly through Belgrade (and maybe next closest thing is via Turkey). And theres also a lot of Ukrainian and Russian folks that moved families/business to Serbia in order to continue working with the West.

[@Crocodebil]

in serbia we say economic tiger

[@Ghosted37]

Out of all the things nepotism is the biggest killer of Serbia

[@cool3884]

Bcoz they are serbs. and serbs are intelligent. lots of love to them from India. (my name is rahul. you can call me Rahulovic.)

[@SenseAddict]

Lesson learnt, stay away from joining EU

[@elviscr1]

The growth rate is high due to the country being poor and still developing. Ethiopia has a growth of 20%

[@kname1882]

Serbias economic boom?!?!?????😂😂😂 We have European prices and Sudanes salaries 😢😢😢

[@TheDusansky]

maybe you. Competent people in Serbia lives well and has much more chances of buying a real estate then on the West.

[@kname1882]

@ sure mate xdddd

[@Makie.2001]

Ili iz Bangladeša [plate]. Viđao sam razne verzije

[@csabafarago1673]

Don't forget that in the early 1990's the Serbian economy shrank into one third (or maybe even worse) within a short period of time due to wars, sanctions, hyperinflation etc. Its economy still did not reach the peak year of 1990. Therefore first it has to reach 1990, then it has to reach the missed growth since 1990, and only after that we can talk about the real economic growth.

[@ThePrnjavor]

Economic growth maybe on paper. Minimum wage in Serbia is 450 euros which is not enough to satisfy the consumer basket prices of 470 euros. Housing is just unobtainable where it takes an average citizen 150 years to buy a house, overtime work, "grey" economics and many people working as unregistered labour under the radar for less than minimum wage is also, another one of its issue. Tie that with unapplicable laws meant only for "few" people and mafia and you've got yourself a dicatorship in which people no longer have drinking water, clean food and clean air. Everything is so much cheaper in Austria which is a 3 hour drive away, even housing. Not to mention we're losing people like crazy, 1 million in the last 12 years emigrated due to Vucic's tyrant regime and 60k peple lost every year due to not enough people being born and our demography is screaming. There also isn't any goverment incentive to fix that. Influx of russians since the war helped - nobody. They've priced out all natives out of their homes and they're the only ones who can afford housing in the main cities(Novi Sad and Belgrade) and now the rent for a 30 square feet apartment is costing you your entire salary. Starting at 300 euros, just the rent. Not to mention we live in a heavily centralized country where if you want any decent education your only bet is either Novi Sad or Belgrade. Leave Serbia while you still can. This has been a shitshow of a country for the last 50 years. Our 6th october never came.

[@nemitv1157]

You can leave I m comming back from Germany.

[@zmaj1313]

Fantastic report. Serbia's economic wonder is simply amazing, looking from the outside.

[@michaelgrabner8977]

Serbia´s economic boom. Yeah their Oligarchs/the rich upper class are now making more money than before and that obviously has an impact for the GDP but most of the Serbian people are stuggeling in daily life more then before, "Yes - salarys are slightly rising" but therefore "costs of living/prices for goods&services" as well = "zero-sum situation" if not a "minus-sum situation" for many "avarage people with avarage jobs"..although at least infrastructure is a bit better now, though = more modern trains, better roads etc.

[@Pekka.Pekka.1296]

Yes, the same oligarchic authoritarian regime as in Hungary. A proven failure.

[@aleksandarvucetic1772]

It's a global problem, not like same can't be applied to any country...please don't answer how USA is not like that

[@michaelgrabner8977]

@@aleksandarvucetic1772 why do you think I have something to say about the USA? I drive 3-4 hours by car and I´m in Serbia. The USA is on a different continent so I don´t care about the USA at all.

[@Pekka.Pekka.1296]

@@aleksandarvucetic1772 Because politicians intentionally underpay public education which creates easy-to-manipulate dumb masses. And if half of the population is undereducated, lacks critical thinking than you’re doomed. Everywhere the populist extremists, authocrats are in the rise you’ll find huge amount of clueless people. Just look at any Trump-rally. Can’t believe.

[@willevensen7130]

@@aleksandarvucetic1772you are obsessed with the us

[@uqoF]

0:45 yall earned my respect for this

[@lastsovietspy]

you people tend to forget how good is serbian education, its indeed a western country …

[@alasdairmacfearnua630]

800k people near extreme poverty, corruption, euro means nothing, nepotism, dictatorship, unemployment, yeah, Serbia is doing juuuust great! Food prices are higher than in Germany

[@stefanomaurino8201]

China and Russia

[@Ana-bw7gm]

It is great for Serbia, as predicted the economic growth will continue. It will take a while until everybody feels the growth. Keep up the good work.

[@paravan2000]

LOL, Vučićev bot, patetično! 😂

[@Ana-bw7gm]

@@paravan2000 Is that the rhetoric that you are supposed to be repeating. But I know for sure you are not the one getting the money for it.

[@nemiloszorka1162]

In last 10 years my income increased by 50%, but prices rose more than 100% (rent, food, clothes, energy...), so I am actually much worse than 10 years ago. And I increased my income by switching jobs, developing new skills, making money "on the side"... So not really "a walk in the park". Tech sector and construction was driving a lot of the increase in GDP, especially the public investments in construction. Now the tech bubble is bust, people are being fired from their jobs and tech companies are struggling. On the construction side, Serbia had a population of 7,23 million in 2011 and around 3,2 million housing units (2,4 million were being used, while others were empty - no one lived there). 2022 - we have 6,66 million people and 3,6 million of housing units. Population is shrinking and number of housing units are increasing, so there is less demand and more supply, but prices have doubled in that period: from 1.100 €/sqm in 2011 to 2.000 €/sqm in 2022. No one knows why prices are so high. One indicator is that more than 85% of real estate is being purchased by cash, and no one is tracking where this cash is coming from so...

[@patriarch7237]

Pretty sure we can all guess where a lot of the cash is coming from, i.e. Serbia's historical best friend...

[@andrijapfc]

@@patriarch7237 If by "Serbia's historical best friend" you mean cocaine, then yes.

[@marijap1954]

Spot on. I believe the laundromat needs to keep on laundering. Otherwise it will all collapse. Besides everything looks awful and cheaply built. Investors can build anything anywhere they like. Money talks here. And it's very loud. But, hey there are 48 billionaires in Serbia. We should rejoice. Last year there were 2. That's what I call progress.

[@patriarch7237]

@@andrijapfc I wouldn't have thought Serbia had the climate to grow it!

[@nemiloszorka1162]

@@patriarch7237 we're not growing coke, we're growing drug dealers. But this is just a guess. There are no official data, since government is not collecting any.

[@MrPolllopart]

0:44 "we will take a lot at Serbii-" and then a video of Kosovo shows up

[@subovoid4524]

cause that is a Serbia lol

[@vojkanbg]

Kosovo is a heart of Serbia.

[@TumiBoy]

Umm, Euro exchange rate has not been corrected since 2013. So, that number of 825 EUR is objectively highly dubious. Furthermore, food prices are on par with those in Germany.

[@Shemhamforaesh]

its actually higher than in the video, the actual average NET is 865 euros, while the capital is around 1410 euros NET

[@kara88bg]

@Shemhamforaesh Average, maybe, but far from the median. Belgrade is a regional tech hub, and these tech salaries do end up boosting the average income, as well as the fact that bonuses and all personal income someone might be achieving are now calculated as net income but shown within the average salary.

[@Shemhamforaesh]

@@kara88bg Its absolutely mind-blowing how wrong this is. It literally takes an average person about 3-4min to actually go to statgovrs website and see that the biggest export of IT hubs is actually in Vojvodina and not Central Serbia, aka Belgrade. Also the data is not wrong, I mean hell people in Vrnacke Banja, Bor, Subotica, Zlatibor or any other place in Vojvodina at a regular job will have higher salary then in Belgrade. So its definitely not that. The biggest problem according to the data are actually the supermarkets. Because they are employing a huge number of people at a miserable wage, and thus pulling the actual average & median salary down. But even with that being said, I know that the average salary in not 865 euros NET, but much, much higher. And the reason being is that every Serbs is getting legally a lower salary on paper than in reality. I;ve yet to meet a Serb whos boss is not giving him/her an envelope under the table, while he is registered at a way lower wage.

[@Shemhamforaesh]

​@@kara88bg its incredible how incorrect this is. First of all, to begin with, its takes an average person 4/5min to google statgovrs and look up the actually stats of the IT sector to see that the highest of IT services, exports and the hub of IT is Vojvodina and not Centra Serbia, aka Belgrade. Secondly, if you actually look at cities, you will see that people in Bor, Vrnjacka Banja, Zlatibor, Kopaonic, Subotica, Backa Topola, Novi Sad nad many many other cities have an median and average salary that is higher. And the clear indicator in the stats is that there is a huge number of supermarkets in Belgrade. And the worst part is they have the lowest salary thus they are actually pulling the average and median salary down. Third and last, after spending good amount of time with Serbs, I can tell you I didn't yet meet a Serb that was not making more than his official declared salary. Most of the business owners will declare their employees on a way lower salary, while they are handing them an enveloped under the table, every month. Which actually means that the average salary of 865eu NET is wrong, and the actual average salary is way higher.

[@Shemhamforaesh]

@@kara88bg its incredible how incorrect this is. First of all, to begin with, its takes an average person 4/5min to google statgovrs and look up the actually stats of the IT sector to see that the highest of IT services, exports and the hub of IT is Vojvodina and not Centra Serbia, aka Belgrade. Secondly, if you actually look at cities, you will see that people in Bor, Vrnjacka Banja, Zlatibor, Kopaonic, Subotica, Backa Topola nad many many other cities have an median and average salary that is higher. And the clear indicator in the stats is that there is a huge number of supermarkets in Belgrade. And the worst part is they have the lowest salary thus they are actually pulling the average and median salary down. Third and last, after spending good amount of time with Serbs, I can tell you I didn't yet meet a Serb that was not making more than his official declared salary. Most of the business owners will declare their employees on a way lower salary, while they are handing them an enveloped under the table, every month. Which actually means that the average salary of 865eu NET is wrong, and the actual salary is way higher.

[@aglassofwater7931]

We in Serbia have a huge problem with food prices because of greedinflation

[@zUJ7EjVD]

Serbia GDP growth is 3% higher than the EU sounds good but ... with inflation being 2% higher than the EU, it's more like 1% higher GDP growth than the EU. I'm an accounting student, so forgive me if my assumptions are wrong here.

[@mlynto]

If GDP growth is calculated in USD or Euro then inflation does not matter.

[@zloinaopako]

Something doesn’t add up here. If everything were so good as this video is pointing out, why does it feel and look worse than it has ever been? Majority of people in Serbia are struggling to make ends meet. Only those closely entangled with the government/ruling party and crime syndicates are doing well. Average citizens are sliding into poverty. The prices of food and basic necessities have skyrocketed and are in average higher than in the EU. People living closer to Bosnia and the neighboring EU countries go grocery shopping abroad. Those on the border fill the fuel tanks across the border as well. As it is now, things can’t last much longer without a serious social upheaval.

[@mike7106]

Been to Serbia since 2016, it has been interesting seeing the upgrade of rail, roads, their airports etc. but I always questioned how they can build apartments with price tags I would see in my own country while having significantly lower wages (locals say it’s for corrupt politicians etc). There has always been foreign investment in Serbia or at least they enjoy advertising it. I wondered how the economy will be once the war in Ukraine ends but speaking with a few Russians who work/run their new business in Belgrade, majority have made Serbia their permanent home and don’t see themselves returning back to Russia.

[@ATHLDN]

They've followed the London trend and are awash with nefarious Gulf, Russian et al money

[@torlasd]

Its not about complaining or anything else...Its quite simple, they made paychecks bigger for 5-10% in the last 2-3 years but the problem is all the things that we buy everyday to survive are much more expensive for 25-30%...So you do the math...

[@mrgrom338]

Serbia is emerging from the ashes of the past and becoming a strong economy makes me happy

[@danilomilankovic8991]

Statistcs is like bikinis. It shows everything, but you see nothing.

[@animaki]

In theory, only, but the reality is far different. Pollution is rampant-wild waste dumping, deforestation, and terrible air quality are everyday problems. The traffic is filled with old, polluting cars, and there’s no real middle class. Taxes are huge, and instead of supporting domestic companies, the government offers subsidies to foreign investors. Land is being sold for next to nothing. These issues aren’t reflected in the rosy economic picture that’s often presented.

[@urlauburlaub2222]

But all of these mentioned things have their roots in the past, and it will be worked opon eventually. Who will increase air quality, a domestic Serbian who hasn't done it for 100 years, or some foreign investor? Land which is sold, needs atleast someone to buy it and if the price isn't higher, that means it hasn't the believed idealistic value. You need to shrink to a sustainable level, if you want to have things improved, because nobody can witchcraft things to the better.

[@animaki]

@@urlauburlaub2222 I hope your comment is a sarcastic joke.

[@animaki]

@@urlauburlaub2222 just to try and clarify with an example - HBIS is a Chinese company working in Serbia, that was recently fined with a penalty of 10k Euro - based on passive prevention of air pollution. And that was ruled years after going to court. Do you think it's okay to pollute the environment for the sake of personal profit and just to be fined with (any) monetary penalty later on? They made a profit of millions of dollars, ruining air quality, and ruining people health, and then got fined with 10k Euro? Check the percentage of cancer cases near those factories. They do what they want, there are no laws for them here. Also the roads built in Serbia are done with poor quality, overpriced, and with loans leading to debt. China will just scoop the toll money as interest, the state of Serbia and the Serbian people won't see a penny of it.

[@TimmmTim]

@@urlauburlaub2222 buraz mogu samo pretpostaviti da si ili bot ili pojma nemaš. pola toga ima korjen u prošlosti ali sada je dotaknulo nivo pandemije. jedina prirodna šuma u Vojvodini se krči kao da je Amazona u pitanju, a ne parsto kvadrata.

[@AlexeyGulev]

Do a simple thing: open the export statistics of all European countries and take a look at how much exports have changed to different countries over the last two years, especially Kyrgyzstan. I really wish the media would talk more about it.

[@AlexeyGulev]

Russia still builds rockets from imported components!

[@Dare00]

Au sine pa ti se bodeš

[@davisoaresalves5179]

I feel like is easier for Serbia to grow now because they still have cheaper workforce, and weak currency, making it so far, competitive.

[@urldroidsuperbot2139]

So the European people and KZbinrs finally got around to speaking the truth. When developed Western Europe, long enjoying cheap energy and export market was having a good time. Given the vassals of US they are, they cut of energy from Russia and started importing expensive US energy. US became richer and EU became poorer via expensive energy and deindustrialization. On the other had instead of investing productively, EU wealth is getting wasted on welfare consumption by illegal immigrants. There is nothing surprising here, save the mental gymnastics the EU establishment has to make to paint Serbia bad and Western Europe good.

[@jagolago-bob]

I spent quite a few weeks in Serbia (on business) last year and this year. Many people complained about government corruption and that life was hard. They will fit in well with the European Union corrupt officials.

[@bingo737]

The average salary in Serbia will reach 1000 euros next year. This is still half as much as Italy´s and three times less than Austria´s average salary. Our main problem is we have equal price levels with western Europe.

[@bjekic]

So we are doing good. Thanks

[@thomasjgallagher924]

You say it's doing "undeniably great". I'll deny that things are great in Serbia. By comparing with the EU growth in Serbia, better be higher in even the most normal times for the EU. Poorer countries need to grow faster to catch-up. Look across Africa and you'll see more than half of that continent's economies are outpacing Serbia. Closer to home, Montenegro has been receiving more FDI per capita than Serbia, has higher income, and similar growth. It does have only a "stable" credit rating largely due to a poorly though-out highway project that will not be completed in anyone's lifetime in Podgorica. Another factor on Serbian price and GDP growth (since the Serbian economy is the tiny equivalent of the US state of South Dakota, which is much wealthier on a per capita basis) is a sizeable influx of Russians fleeing the war. You'll see a noticeable pop in spending and rents in the likes of Serbia, Georgia, and Armenia -- small economies receiving Russia emigres -- and this plays out in the GDP. It's similar to what Ukrainian expats have done to Polish and German demographics; just more people and bigger economies. Generally speaking you're going to get into trouble comparing poor countries with wealthy ones. India has seen a lot of positive news and trends, for example, but noy does it still have a long way to go. If you compared Serbia with its more immediate neighbours, it wouldn't look all that exceptional, except for the credit rating, but I suspect we'll see that deteriorate over time. And one last petty note: Yeh turn consumers into cons(h)umers, but yeh still can't properly turn Budapest into Budapes(h)t. Your accent had its one great opportunity to shine and it blew it. 😂😂

[@RainDelay]

With these prices...?! Yeah, this nebulous video is brought to you by Nebula... EDIT: Don't get me wrong, I love to see our economy "striving", but we are not really feeling it. EDIT2: Also, that lithium project... not gonna happen!

[@M.a.r.k.o.]

This must be a paid video! Our prices are European, and our wages are African!

[@aleksandarvujanic7914]

For example, before corona 3-4 years ago prices of houses, flats and properties were 2 times less expensive, also same thing is with food, taxes and other stuffs. In other hand average salary increased from 700 to 900 euros, and lowest from 350-450. So I dont think that we are making any progress at all. Only good thing is that we have alot more jobs to do, but you have to consider that alot of imigrants also came here to earn money. Fancy glassy buildings in Belgrade does not represent country with economic growth.

[@rawka_7929]

Claiming that Serbia is an outlier in Europe works... Until you realize their neighbours who are also in the EU are doing even better when it comes to their economy.

[@YTinjustice]

I recently visited Bulgaria, which is in EU, and overall feel was that its behind Serbia

[@rawka_7929]

@@YTinjustice The wages in Bulgaria are much higher, with standards of living also being much better. The economy is much better performing and much more complex in it's system. Looks are one thing, the actual statistics are different.

[@ardi08]

Do you mean countries like Croatia and Slovenia, as well as Romania?

[@rawka_7929]

@@ardi08 Also Bulgaria.

[@YTinjustice]

@@rawka_7929 company from UK left serbia and opened offices in bulgaria (Sofia) because salaries are lower, so ir claim is not true

[@inkco420]

Well- who ever knows how "Belgrade Waterfront" apartments were forcefully sold to anyone who wanted ANY government deal. Also pumping prices of square meter. Wages are higher for 20 while prices are up for about 50% ... so yea- our economy is ... meh... however- working as software engineer, then you don't feel a thing :)

[@nikolamiljkovic4718]

Did Vucic pay for this? growth during last 4 years was at most 2.2% per year and inflation is over 10% we pay highest energy prices, food proces and toll prices in Europe. Poland and other soviet states had over 7% growth yoy during the shock theraphy.

[@Nano3D-f5g]

Sadly, when economists say economy is doing well in a country, it could mean a few are getting richer at the expense of the middle and poor class

[@vvkth2500]

As a Serbian; What economic boom? Are you on RioTinto's payroll?

[@aleksandarteodorovic5349]