1.1.Location, economy and trade
Serbia is located in South-East Europe, on routes connecting the Balkans with EU markets. Its economy is industrial, undergoing modernisation and deeper integration with EU markets. In day-to-day operations, the strongest concentration of demand is around: Belgrad, Nowy Sad, Nisz, Kragujevac, Subotica.
Trade is particularly connected with the following markets: Germany, Italy, Bosnia and Herzegovina, China and Hungary. For transport, recurring industrial and distribution flows to and from the main economic hubs are the key factor.
The currency is the Serbian dinar (RSD); using the current RSD code since 2006; Serbia is not in the euro area. Always confirm the exchange rate before pricing freight, tolls or ancillary costs.