Ratnovski (IMF): Public investments and Expo will accelerate economic growth in Serbia

Source: Beta Monday, 02.03.2026. 13:15
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(Photo: Siniša Mali/ Instagram)
Public investments and tourism revenues during the Expo exhibition in Belgrade will accelerate Serbia’s economic growth this year and next, but it is also necessary to stabilize the operations of Naftna industrija Srbije (NIS), which is under U.S. sanctions, the resident representative of the International Monetary Fund (IMF) in Serbia, Lev Ratnovski, said today.

Speaking at the 33rd Kopaonik Business Forum, he said that Serbia’s economic growth of two percent in 2025 was largely the result of internal and external uncertainties.

- Foreign direct investment in 2025 was halved compared to 2024, but we expect a partial recovery in the coming period - Ratnovski said at the panel “Serbia’s Economy in Focus: Trends, Risks and Opportunities.” He stated that IMF estimates indicate Serbia’s foreign exchange reserves will remain stable, and that low public debt and a controlled deficit have been further strengthened over the past decade, which is an important achievement of the authorities. - It's also a good thing that the Serbian Tax Administration is accelerating hiring and introducing digital solutions - Ratnovski said.

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