economy

April 27, 2026

They work for European customers but are paid as if they are from Asia

Although their exports were 517 million euros higher than imports, the average salary in Kragujevac companies in December was 8,441 dinars lower than the Serbian average, which last year recorded a deficit in foreign trade of 8.8 billion euros, the second largest in this century.

They work for European customers but are paid as if they are from Asia

TL;DR

  • Kragujevac's economy achieved a record export surplus of 517 million euros in the past year, with 80% of its exports being high-tech products.
  • The city is recognized as an attractive investment destination in Europe, with numerous foreign companies establishing a presence.
  • Despite strong economic performance, the average salary in Kragujevac is lower than the Serbian national average.
  • The city suffers from a lack of new highways and modernized railways, impacting logistics for industries.
  • There is criticism that the government has neglected the development of small and medium-sized enterprises in Kragujevac and Serbia as a whole.
  • Foreign investors are attracted by state subsidies and a workforce that is well-trained but underpaid, leading to an increasing reliance on foreign workers from Asian countries.

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