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Belgrade is characterized by strong economic activity, development potential, as well as following trends in the domain of innovations. From tourism and catering to IT industry, Belgrade is a city which is being developed in all the economy branches and it represents attractive investment destination.
Building industry
Building industry has a prominent place in the economy of Belgrade.
The most part of the building potential of Serbia is located in Belgrade: 90% in project designing, 70% in building construction, around 70% in erection work and finishings and around 40 % in low construction.
Industry and mining
In the total economy of Belgrade mining has the share of 8.1 %, wood processing industry 45.1 %, production of electricity, steam and hot water and air-conditioning 46.8%, while the total area covered by industrial zone is 1983.12 hа, with usable space of 908.77 hа.
Agriculture, forestry and water management
The Belgrade area has especially favorable conditions for a modern agricultural production (climate, agricultural land, water flows, developed processing industry).
This branch of economy has a strategic importance for provision of Belgrade with food products, along with the abundant resources of the wider surroundings (Vojvodina and Šumadija). Belgrade region has a significant land potential of about 322.292 ha of agricultural land, which makes 70% of the total area of Belgrade.
Primary strategic commitment of Belgrade is balanced development of transport system, based on the principles of sustainable mobility and changes in the hierarchy of distinct types of transport.
Transport SMART plan of Belgrade
During 2017 SMART master plan of public transport infrastructure was prepared as the basis for traffic development of Belgrade. The SMART plan represents key strategic document which defines priorities, activities and steps to be taken in the years to follow through traffic development directions in the city.
Integrated railway traffic system of Belgrade
Focus of the SMART plan is, above all, put on strengthening the operations of BG train and the metro project, while special attention is paid to these types of mass transport, since the results clearly show the importance of future investment into public transport system. These investments must be oriented towards the improvement of suburban railway system, in order to upgrade success achieved by the system since its introduction in 2011 until today.
Road infrastructure
To secure uninterrupted development and follow the needs of its citizens and investor requirements for better infrastructure, Belgrade has initiated great investment on multiple fronts. The most key areas are the construction of road infrastructure, which implies bypass roads, railway infrastructure (new main stations), new bus stations, metro and airport.
North Tangent Road (SMT)
In cooperation with Chinese partner the construction of the northern part of outer Belgrade tangent road. The project includes the construction of several new road sections, as well as reconstruction of several existing, in order to close traffic ring around the city and achieve better communication among citizens.
Inner Semi Ring Road (UMP)
To unload the burden of unnecessary transit traffic, the construction of three ring roads around the city is ongoing, and plans exist for the construction of two more bridges and two tunnels. Bypass, i.e., outer Ring Road around the city is in its final stages – Inner Semi Ring, so called SMT, upon opening of Pupin bridge and its continuation to Pancevo road and new boulevard Heroja sa Kosara which connects Ada bridge with Tosin bunar and continues towards Rakovica.
New main railway station Beograd (Prokop)
This is the project which represents the finalization of the construction of Belgrade Railway Junction, started as far back as in the 1970’s. Until now the investment has been over 1.3 billion EUR, and another 200 million EUR is required in order to bring the project to its completion. New station is designed as future junction for 50 million passengers on annual level.
Complex Block 42 ‒ railway station Novi Beograd and main bus station
Along with dislocation of the infrastructure from the city center, there is also a need for reconstruction of current station Novi Beograd and its adaptation to current city development. New main bus station should take intercity buses out of the center of Belgrade, to a location which is by its infrastructure well-connected to all parts of the city. In terms of dislocation, there are also plans for another smaller station at the location Autokomanda.
Commerce is a significant economy branch at the territory of the city of Belgrade. Trade sector in Belgrade in the last ten years has achieved extremely rapid growth, faster when compared to actual growth of other economy branches in the domain of production. Thus, trade sector has become the one with most share in the economy of Belgrade and it has great share in trading and total economy of the Republic of Serbia. In the total trading of the Republic of Serbia, trade sector of Belgrade has a share of over 30 %.
Tourism and catering
BELGRADE ‒ TOURIST CENTER
Belgrade, with unique geographical position at the mouth of Sava River into the Danube, with Belgrade fortress, natural beauties of Veliko ratno ostrvo, Ada Ciganlija, Avala, Kosmaj, forests and picnic areas, an ancient city of turbulent history, with rich cultural and historical heritage of different epochs, is the most remarkable tourist destination in Serbia.
BELGRADE – Tourist site of first category
The Secretariat for the Economy in accordance with law implements the prescribed procedure for differentiating Belgrade as a tourist site. Based on the assessment of available data on tourist trade, the degree of development of tourist, transport and utility infrastructure, as well as tourist substructure, and by the new decision of the Ministry competent for tourism since December 16th, 2019, Belgrade has been appointed as tourist site of first category.
BELGRADE –CITY OF THE FUTURE IN SOUTHEASTERN EUROPE
With a vision on development opportunities of metropolitan and the city of future in Southeastern Europe, in Belgrade there is continuous work on creating framework for dynamic tourism development, reconstruction of city infrastructure, functional and visual design of the city, revamp of ambient areas, increase in the quality of services, landscaping, construction of pedestrian and bicycle lanes, decorative lighting of numerous buildings, city buildings and cultural monuments, among which for the visitors the most attractive are Belgrade fortress, city buildings and bridges.
Belgrade offers to everyone unique experience, rich cultural content, attractive locations, as well as various manifestations and festivals. Among numerous manifestations in Belgrade, the ones that stand out are International Film Festival – FEST, Belgrade International Theatre Festival – BITEF, Film Festival Sopot, Belgrade Book Fair, Belgrade Summer Festival – BELEF, Jazz Festival… which have become by their duration and quality a part of our city’s identity, and each season new events are being created in order to additionally enrich cultural and complete tourist offer of our capital city.
During summer tourist season a large number of foreign tourists come to Belgrade on organized trips ‒ the Danube cruises. Ships that begin their cruises through many European cities and metropolis dock in Belgrade first. Nautical tourism represents one of the most profitable types of tourism, while river cruising is one of the most sought-after tourist products, not just in Europe but all over the world, among which accompanying services also make for a dominant part.
THE TOURIST ORGANIZATION OF BELGRADE
The Tourist Organization of Belgrade (TOB) is a public service of the City Assemble, founded to conduct activities relating to development, preservation and protection of tourist values on the territory of Belgrade. In promoting Belgrade as a tourist destination, the TOB, as a destination management organization aggregates information of tourist services provided by hotels, restaurants, tourist agencies, souvenir manufacturers and artisans, manifestations organizers and all other professions that provide services for tourists visiting Belgrade.
Belgrade winter and New Year’s Eve
Belgrade is positioned as excellent City break destination of exceptional opportunities for modelling tourist offer. Focus on development, partnership and cooperation of competent authorities, of public and private sector, local government bodies in the city municipalities of Belgrade, as well as in suburban areas, will significantly speed up the development of different types of tourism and thus achieve more balanced tourist development at the entire territory of the city of Belgrade.
Tourist and catering capacities
According to the data of the Serbian Business Registers Agency in the domain of tourism and catering (the data acquired on the day 20.07.2021.) at the territory of the city of Belgrade there are:
• 460 tourist agencies, out of which 153 tourist agencies are organizers of tourist trips and 307 tourist agencies are intermediaries in sales of tourist trips.
In Belgrade there is a rich and diverse offer of accommodation capacities (the data from the Central Information System on the day October 31st, 2021); there are in total 119 facilities of hotel type, as follows:
• 65 hotels, out of which 5 hotels have 5 ***** stars,
• 42 hotels with 4 **** stars,
• 14 hotels with 3 *** stars,
• 4 hotels with 2** stars;
• 54 garni hotels out of which 31 garni hotels have 4**** stars,
• 19 garni hotels with 3*** stars,
• 4 garni hotels with 2** stars;
• 1 tourist estate;
• 1 motel;
• 1 camp.
Data sources: Serbian Business Registers Agency, the Ministry of Trade, Tourism and Telecommunications, the system and the Secretariat for Economy – the data gained from the Central Information System.
The Tourist Organization of Belgrade, Francuska 24,
phone no. 0113625060, fax 0113061414
www.tob.rs; E-mail: [email protected]
Tourist Information Center of the Tourist Organization of Belgrade, Knez Mihailova 56 (in the building of the Belgrade City Library)
Phone no. 0112635622 and 0112635343
E-mail: [email protected]
National Tourism Organization of Serbia, Cika Ljubina 8, www.srbija.travel
Phone no. 0116557100, E-mail: [email protected]
Tourist Information Center Trg Republike, Beograd
E-mail: [email protected]
Tourist Information Center Avala, Beograd
E-mail: [email protected]
The Ministry of Trade, Tourism and Telecommunications, Nemanjina 22‒26, www.mtt.gov.rs
Sector for Tourism, Omladinskih brigada 1, 11070 Novi Beograd
Phone no. 0113122855, E-mail: [email protected]
Sector of Tourist Inspection, Omladinskih brigada 1, 11070 Novi Beograd,
Phone no. 0113139676, Emergency phones: 0113139686; 0648933091
E-mail: [email protected]
The Ministry of Economy, Kneza Milosa 20, phone no. 0113642600, www.privreda.gov.rs
YUТА ‒ National Association of Tourist Agencies, Kondina 14, phone no. 0113228687, Fax 0113224137, www.yuta.rs
Serbian Association of Tourist Guides, Decanska 8a, phone no. 0113230566,
E-mail: [email protected]
The City Administration of Belgrade ‒ The Secretariat for Inspections, www.beograd.rs; 27. Marta 43‒ 45, phone no. 0113227241
E-mail: [email protected]
Emergency phones: 0113222262, 0113309760, 0113309762
Sector for Environment Protection, for water and tourist inspections, phone: 0113309125
Department of tourist inspections, phone no: 0113228090
The City Administration of Belgrade ‒ The Secretariat for Economy ‒ Sector for Tourism and Catering, Belgrade, Kraljice Marije no. 1/XVII floor,
Phones: 0117157381, 0117157394, 0117157383 и 0117157374, 0117157382
E-mail: [email protected]
Shopping is an important economy branch at the territory of Belgrade. In the total sales of the Republic of Serbia, the sales of Belgrade have a share of over 30 %.
Sales Areas
Knez Mihailova ‒ Trg Republike
Trade center City passage
Trade center New millennium
Trade center Rajiceva
Terazije ‒ Kralja Milana ‒ Slavija
Trade center Futura
Savski venac
Trade center Galerija
Vozdovac
Trade center Stadion
Trade center Banjica
Zvezdara
Trade center Beo
Trade center Aviv park
Karaburma
Trade center Big fashion
Trade center Karaburma
Rakovica
Trade center Big fashion
Cukarica
Belgrade Fair ‒ Bazar
Novi Beograd
Sava centar
Trade center Mercator
YU Business center
Trade center Piramida
Open Trade center
Trade center IMMO centar
Trade center Delta city
Trade center Usce
Zemun
Trade center Zemun park
Working hours of shops
Markets: every day 06.00‒17.00
Convenience stores and hyper-markets: 08.00‒21.00
Shops within trade centers: 09.00‒22.00
Besides the above working hours, certain hyper-markets work 24 hours.
Financial institutions
The entire financial industry and all its segments have been faced with special challenges in the recent period. Banks, financial services providers and insurance companies will still have to adapt to changeable economical circumstances, as well as numerous regulative requirements in the future.
Brokers
Belgrade Stock Exchange
The development of the Stock Exchange enabled the building of the Exchange own offices, with a view to providing required and contemporary working conditions, adequate space, new technical opportunities, the usage of modern means of communication, laboratories, functioning of the Exchange court and the like. In 1934 the Exchange moved into the new building on Kraljev trg no 13. The turnover increased, the business results were better, each day the Exchange was visited by 100-150 persons and the quotations were printed in one thousand copes in three languages.
Since 2015. Belgrade Stock Exchange became even more active in motivating Serbian companies to finance their business by IPO, which resulted at the beginning of 2018 in launching of the “Serbia: IPO Go!” project, and in listing first shares from IPO in the Serbian capital market after eight decades.
Insurance and reinsurance
Insurance is one form of risk management, primarily directed towards a decrease of financial losses. Insurance is a risk transfer from the insured to the insurance company, with the payment of insurance premium. The entity which provides insurance is known as insurer, the insurance company, insurance bearer or patron. A person or entity who buys insurance is known as the insured party or insurance contractor. Insurance implies that the insured overtakes warrantied and known, relatively small loss in terms of payment to the insurance company in exchange for a promise of insurer to reimburse the insured in case of the covered loss. The loss may or may not be financial, but it must be brought down to financial conditions, and it usually entails something in which the insured has secured interest established by owning, property or already existing relationship.
Commercial banks
Commercial bank is an organization which provides financial services for a profit. Traditional banking services include receiving money deposits, processing of money transactions and loan services. Many banks offer financial support to firms, industrial and other types of companies and corporations, as well as to physical entities, with a view of increasing their profit.