Serbian PM admits foreign investor exodus; firms cite energy costs, not EU sanctions

Serbian President Vučić has acknowledged an exodus of foreign investors, with factories closing and workers being laid off. Companies attribute the closures to a 400% surge in energy costs and lack of orders, contradicting government claims that EU sanctions are the primary cause. This signals deteriorating business conditions in Serbia and potential economic strain, with implications for regional investment sentiment.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works