Vucic announces release of oil from reserves to market

Serbian President Aleksandar Vucic announced that the state would release tens of thousands of tons of oil from reserves to the domestic market “today or tomorrow” from commodity reserves, noting that he hoped that economic growth would be close to 2.7 or 2.8% in 2026.

He stated in an appearance on TV Blic that Serbia had paid EUR 17 million more just for the previous replenishment of those reserves, due to the increase in oil prices that had occurred in the meantime, and that the situation would be even worse if Serbia did not have a refinery.

– (The situation would be) even worse if it did not produce domestic kerosene, which is why the number of flights from Serbia is not reduced... Europe has also revised its growth forecasts downwards. I hope that the growth will be close to 2.7 or 2.8, which with all these wars would be an excellent result… The NIS problem must be resolved in May – said Vucic, adding that the last bond issue had been successful, and that the greatest interest in Serbian bonds had come from the USA.

He also announced that the construction of buildings for the Specialized Exhibitions Expo 2027 would be completed by December 1, and that they would have time to fully complete the external works on the National Stadium.

Predsedništvo Republike Srbije

president of Serbia

Aleksandar Vučić

oil

goods reserves