economy

January 23, 2026

SJAJNE VESTI ZA SRBIJU „Fitch“ potvrdio kreditni rejting Republike Srbije na nivou „BB+“ uz pozitivne izglede

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SJAJNE VESTI ZA SRBIJU „Fitch“ potvrdio kreditni rejting Republike Srbije na nivou „BB+“ uz pozitivne izglede

TL;DR

  • Fitch confirmed Serbia's long-term credit rating at 'BB+' with a positive outlook.
  • The positive outlook suggests a possibility of rating improvement, based on investment-driven economic growth, a declining public debt-to-GDP ratio, and the country's external position.
  • Fitch noted the continuity of cautious fiscal policy, exchange rate stability, and adequate foreign exchange reserves.
  • Economic growth in 2025 was weaker than projected due to lower foreign direct investment, political uncertainty, and sanctions on NIS.
  • Fitch expects gradual economic growth acceleration in the coming years, supported by infrastructure projects and the 'Jump into the Future - Serbia 2027' program.
  • Public investment remains high, and public debt is significantly below comparable countries at the same rating level.
  • Fitch assesses state institutional frameworks and capacities as strong enough to ensure policy continuity.
  • Minister of Finance Siniša Mali stated that Serbia continues to pursue a responsible economic policy, maintaining macroeconomic stability and implementing investment projects.
  • Mali expects Serbia to enter a more stable period with accelerated economic growth, reduced public debt, decreased unemployment, and improved living standards, projecting GDP to exceed 100 billion euros by 2027.
  • Serbia's hosting of the Expo 2027 exhibition is expected to significantly boost economic progress, create jobs, and enhance the country's international standing.
  • The confirmation of the rating strengthens Serbia's credibility in international financial markets and signals stability to investors.

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