In 2024, the largest net loss in Serbia was reported by Continental Automotive Serbia at nearly 170 million euros, followed by HBIS Group with around 150 million euros. Arena Channels Group, Putevi Srbije, and Petrohemija Pancevo also faced significant losses. Conversely, top gainers included Elektroprivreda Srbije and others.
Croatian JANAF pipeline stands to lose up to 18 million Euros after Serbian NIS hit with sanctions
The American sanctions on Serbia's Oil Industry might lead to significant financial losses for Croatia's Adriatic Pipeline (JANAF). Croatia put forward a feeler to acquire control over Serbia's Oil Industry (NIS) to stabilize JANAF's operations, sparking political banter between Croatian and Serbian leaders, which reflects old Balkan rivalries and energy independence goals.
Ukrainian crypto influencer found dead in Lamborghini after $18B market crash
32-year-old Ukrainian crypto trader Konstantin Galich, also known by the pseudonym Konstantin Kudo was found dead in his Lamborghini in Kyiv on Oct. 11, a day after a market crash wiped out more than US$18 billion in value.
Why didn’t the working class join the student and civic protests in Serbia?
Overworked and underpaid, often in unsafe working environments, the people employed by the Serbian manufacturing, retail, transport, construction, and mining sectors, faced with disdain, negligence and callousness stemming from both opposed camps, aren't exactly motivated to join either side of the ongoing protests in Serbia.
Retro review: Syrian Warfare – a real-time tactics from Russia with hate
Squad 22: ZOV, a Russian strategy game, doesn't hide the fact that it's Russian militarist propaganda. But before that, there was Syrian Warfare, a Russian-developed pro-Assad agitprop released in 2017, masquerading as a genuinely good real-time tactics game. Not sure why I wrote this review, but here it is.
Oil industry sanctions: Serbia is once again a victim of its own stupidity
On October 9th, the Serbian Oil Industry NIS faced US sanctions due to its Russian ownership. The sanctions impact its operations, causing payment issues at petrol stations and halting fuel sales to airlines. In response, Hungary's MOL will increase oil supplies to Serbia. Any hardships caused to local population most likely will not lead to re-examining the failed Serbian policies that lead to this.
Vladimir Putin decided to put in a good word for Serbian Gen Z protests
After eleven months of protests in Serbia, Russian President Vladimir Putin expressed understanding for the student and civic activists, calling them patriots deserving of dialogue. He criticized Western interference, asserting that Serbia’s struggles are an internal matter. The protests coincide with the anniversary of the fall of Milošević, highlighting deep-rooted nationalist myths.
Let them eat BRICS
Dragan Djilas of Serbia's Freedom and Justice Party emphasized the need for a strong European message to the Western Balkans, advocating for elections in candidate countries to amplify their voices in the EU. Meanwhile, sentiments against EU inclusion rise, with leaders like Aleksandar Vulin promoting "sovereignty" and alternative alliances like BRICS over EU membership.
The futility of the anti-Western sentiment of Serbian protests
Serbian student protesters from the Faculty of Fine Arts have condemned the Israeli interception of the humanitarian ship Adara, demanding information about arrested volunteers, including colleague Ognjen Marković. Their stance reflects a broader tendency in Serbian discourse that embraces resisting perceived Western dominance, alienating liberal citizens and conservative supporters alike.
Nedeljnik: Gazprom exited ownership in NIS, another company from the Gazprom group now has 11.3 percent of the capital
The St. Petersburg firm "Intelligence" acquired 11.3 percent of Naftna industrija Srbije's shares, previously owned by Gazprom, without compensation. This change comes amid NIS's repeated requests for exemptions from US sanctions. The largest shareholder remains Gazprom Neft, while Serbia's potential interest in buying NIS faces financial constraints.
Serbianism 