About Vojvodina

When you set off from Salzburg in Austria, via Graz, Zagreb, Budapest towards Greece, or set sail on the Danube from Germany to Black Sea, you are bound to pass through Vojvodina, northernmost province in the Republic of Serbia, bordering the EU nested between Croatia, Hungary and Romania. A beautiful landscape, a mild climate, a multicultural and multilingual environment with people of 26 nationalities, along with the strategic advantages of the region and excellent ratio between the quality and cost of labour and productivity are what make small region of Vojvodina a diverse and progressive investment location which offers abundant opportunities for growth, innovation and success.

The ideal geographic location of Vojvodina region, covering 21,506 square kilometers, provides excellent opportunities for production sites, logistics, and export processing zones.

In addition to various free trade agreements, many benefits originating from its favorable location, including the two major Pan-European transport routes (Corridor 10 and Danube River), are readily available to all of the companies doing business in Vojvodina.

If you're looking to sharpen your competitive edge and get a step ahead of your competitors – Vojvodina is the right place to grow your profits.

Quick Facts

Geographic Coordinates, Novi Sad (45º19'N - 19º51'E)
The capital city: Novi Sad (336,000 inhabitants, 70-80 m above sea level)
Area: 21,506 km2
Relief: The rich, fertile plains
Climate: moderate continental

Temperature: The average annual temperature in the town is 10.9 °C. In winter, the average temperature is –1 °C and in July it is 21.6 °C. Temperature extremes range from –30.7 °C (24th January 1963) and +41.5 °C (6th July 1950).

Precipitation: Annual rainfall is 686 mm, and there are 122 rainy days. The lowest watermark in the Danube is 70.83 m and the highest is 79.70 m altitude. The highest marked water level is +778 cm, and the lowest is - 134 cm.

Natural resources: Extraordinary plain landscape with a lot of greenery, big rivers (one of the largest in Europe – Danube), canals, lakes, spas, "Fruska Gora" National park and Deliblatska desert (sandy terrain) are only a part of Vojvodina treasure. Besides, Vojvodina is abundant with arable land, oil and natural gas, fishponds, forests, etc.

Demographics

Population 1.9 million
M: 939,617
F: 992,192
26 nationalities
Ethnic groups: Serbs, Hungarians, Romanians, Slovaks, Croats, Ruthenians, Muslims and many other
Offical languages:Serbian,Hungarian, Romania,Slovak, Ruthenin, Croatian (all official in Vojvodina)

% Population structure by age:

  • under 35 years: - 37,3 % of population
  • 35-44 yrs: 14.09%
  • 45-54 yrs: 13.75%
  • 55-64yrs: 15.15%
  • 65+ 18.27%

Life expectancy: Total population 75.5 yrs

  • Female 78 yrs
  • Male 73 yrs

Economy

Major industries: agriculture, manufacturing, wholesale and retail, construction, energy, transport and communications, textile industry, electromechanical and related automotive industry, ICT, business services, logistics and tourism.

Main industrial sectors: food and beverages, pharmaceuticals, rubber and plastics, electrical products

Industrial production growth volume 2019/2020: 3.0%

Registered employment 2020: 562,929

Average unemployment 2020: 103,552

Unemployment rate: 7.8%

Export volume 2020: € 6.8 billion

Food & Beverage
12.1%
Motor vehicles&trailers
11.5%
Agricultural production
11.8%
Other machines&equipment
9.4%
Rubber&plastics
8.1%
Electrical products
7.2%
Chemicals
5.9%
Coke&oil derivate production
5.9%

 

Other useful info

Voltage: 220V

Date notation: day/month/year

Business Hours: Private and public offices: 8 a.m. to 4 p.m. Monday to Friday; Retail 8 a.m. to 10 p.m. Monday to Friday, 9 a.m. to 1 p.m. on Saturdays; Shopping centres, hypermarkets: 8 a.m. to 10 p.m., seven days a week.

Public Holidays: New Year – 1st and 2nd January; Visitation of the Virgin – Day of the Sovereignty of Serbia – 15th and 16th February; Labour Day – 1st and 2nd May; Victory Day – 9th May; The Day of Remembrance of the Serbian Victims in the Second World War – 21st October; The Day of the Truce in the First World War – 11th November;Christmas Day – 7th January; Eastertide-holiday from Good Friday to the second day of Easter.

Money in Serbia: The official currency in Serbia is Dinar (RSD).

Exchange rate: National Bank of Serbia

Banks, Exchange offices: Money can be exchanged in all the banks and official exchange offices from 8.00 until 19.00 on working days, and from 8.00 until 15.00 on Saturdays. Cash dispensers enable access to money round the clock.