Serbia's Ministry of Finance, in remarks by First Deputy Prime Minister and Finance Minister Sinisa Mali at an event on the future of the Belgrade Stock Exchange, set out a package of steps aimed at developing the domestic capital market, including initiatives to catalyse corporate bond issuance and upgrades to market infrastructure. Mali said the state will bear costs and “take the first step” to encourage corporate bond issuance, citing nine companies ready to issue and 15 more being prepared. He also pointed to planned physical consolidation of the Securities Commission, the Central Registry of Securities and the Belgrade Stock Exchange at the Prokop business park, alongside digital changes including a new Belgrade Stock Exchange trading platform by the second quarter of 2025 (developed with the Athens Stock Exchange) and a standalone information system for the Central Registry of Securities by the end of the second quarter of 2025, followed by a mobile trading application in 2026. The minister framed these measures against Serbia’s first investment-grade credit rating, a public debt-to-GDP ratio of 44.2%, foreign exchange reserves above EUR 29bn and declining sovereign bond yields, while the World Bank’s Serbia office director noted the institution’s financial support for capital market development.

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