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Tuesday, Jun 17, 2025

Vucic Highlights Serbia's Economic Aspirations Amid Global Tensions

At the Global Security Forum in Prague, Serbian President Aleksandar Vucic emphasizes the need for increased investment and partnership while addressing geopolitical challenges.
Serbian President Aleksandar Vucic spoke at the Global Security Forum in Prague, emphasizing Serbia's commitment to economic development and investor attraction.

Vucic highlighted his discussions with Czech President Petr Pavel, inviting him to visit Belgrade, and noted the significant increase in trade exchange between Serbia and the Czech Republic, surpassing two billion euros.

He mentioned the ongoing investments from the Czech company PPF and its involvement in various sectors including transportation and manufacturing.

During the forum, Vucic engaged with around 25 prominent political figures and economists, including former U.S. Ambassador to Serbia Christopher Hill.

He also commented on the ongoing political situation in Bosnia and Herzegovina, having listened to remarks by the High Representative in Bosnia, Christian Schmidt.

Vucic articulated concerns regarding the rising tensions in the Middle East, specifically the Israel-Iran conflict, drawing attention to its implications for global oil prices.

He noted a significant spike in oil prices, from $66 to $74 per barrel, stressing that such fluctuations could contribute to economic instability not only in Serbia but worldwide.

He expressed fears that continued geopolitical unrest, particularly in Ukraine, could lead to a deteriorating global situation.

In his remarks, Vucic observed that discussions at the forum indicated a supportive stance towards Serbia, particularly from figures like Lajcak and Schallenberg.

He voiced concerns over the narrative surrounding global crises, emphasizing the need for a broader understanding beyond the media coverage focused on Israel and Iran.

The President remarked on the evolving multipolar nature of global politics with China's growing influence.

He underscored Serbia's intent to maintain friendships with multiple global powers, including China, Russia, and the United States, while continuing its European integration efforts.

Vucic highlighted the importance of robust economic growth, wage increases, and improving Serbia's overall modernization.

Responding to a journalist's question about Western democracies addressing authoritarian regimes, particularly referencing China, Vucic dismissed the premise as overly simplistic, noting that European growth forecasts for the year are significantly lower than China's. He pointed out that the projected growth rate for the European Union is merely 0.7 percent while China is expected to achieve 5.7 percent growth.

Vucic critiqued the perception of global politics presented by Western media, insisting that the reality is far more complex and nuanced.

He concluded his remarks by acknowledging the competitive dynamics between global powers, notably identifying China as a key competitor to the United States.

Vucic's comments reflect a broader discourse on Serbia's role in the shifting geopolitical landscape, marked by a desire for increased economic leverage amidst rising global tensions.
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