In just over three months since the start of the Ukrainian crisis, the Russians have opened more than 1,000 companies in Serbia, and the latest figures show that more than 10 companies were registered daily, mainly in the field of new technologies.
According to the Serbian Business Registry Agency (APR), since the start of the war in Ukraine, from February 24 to May 31, the Russians have opened a total of 1,017 businesses in Serbia.
The data shows that software development ranks first, wholesale trade ranks second, followed by business and IT consulting activities (which rank 3rd and 4th). 5th place in this category is shared by advertising agencies, restaurants and mobile catering facilities. New business, but also political circumstances and increasing pressure on Serbia regarding relations with Russia, have recently prompted Russians to rethink their settlement in Serbia. While Serbia was a very attractive destination for Russians in March and April, whose arrival caused apartment rental prices to skyrocket, there have been some changes lately.
It looks like Serbia is now becoming a stopover for them on their way to Dubai. Almost all real estate agents say that Dubai gives more security to Russians and is a good destination for business. Many are now afraid of the growing political pressure on Serbia. “There are fewer Russians today who want to rent an apartment in Belgrade for six months. Most of them are looking to rent for a month or two. Previously, we had about ten Russian customers a week looking for an apartment, now we have a maximum of two,” says a real estate agent.
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