About Vojvodina
Vojvodina at a Glance
Welcome to our flat, beautiful and fertile Vojvodina. With a population of two million, it is the EU-boarding region in the northern part of the Republic of Serbia. With its long industrial tradition, well-developed educational system, and innovation-stimulating environment, it is considered the engine of Serbia’s economic development.
Due to its advanced hi-tech culture that positively supports innovation and economic growth, Vojvodina continues to contribute significantly to Serbian GDP creation. Let us introduce you to this dynamic region, which is tailored for potential investors and representatives of companies seeking partners in the Vojvodina area.
Discover the Essence of Vojvodina
Benefiting from various free trade agreements and strategic transport routes like Corridor 10 and the Danube River, Vojvodina provides a favorable environment for businesses. Whether you’re seeking growth, innovation, or success, Vojvodina, with its diverse and progressive atmosphere, is the right place to elevate your business and sharpen your competitive edge.
Diversified Economy
Vojvodina boasts a uniquely diversified economy, hosting 388 foreign companies across various sectors. Over the past two decades, it has attracted over 11.4 billion euros in Foreign Direct Investment (FDI).
Educational Excellence
With three universities and an annual enrollment of over 60,000 students, Vojvodina maintains a robust educational system, providing a skilled workforce for potential investors.
Optimal Geographic Location
Despite its relatively small size—21,000 square kilometers and a population of 2 million—Vojvodina’s ideal geographic location offers excellent business opportunities.
Key Industries
Major industries in Vojvodina include agriculture, manufacturing, wholesale and retail, construction, energy, transport and communications, textile industry, electromechanical and related automotive industry, ICT, business services, logistics, and tourism.
Novi Sad - Industrial and Financial Hub
As the second-largest city in Serbia, Novi Sad is a significant industrial and financial center. It has also emerged as an important IT hub with over 600+ IT companies, employing 20,000 experts.
Cultural Vibrancy and Warm Hospitality
Vojvodina is a culturally vibrant region, home to 26 nationalities and six official languages. This multicultural density ensures fresh perspectives and a constant exchange of creative ideas, fostering an inclusive, cohesive society.
Key Information
| Geographic Coordinates, Novi Sad | 45º19’N – 19º51’E |
| Capital City | Novi Sad (Population: 336,000, Altitude: 70-80 m above sea level) |
| Region Area | 21,506 km2 |
| Topography | Characterized by rich, fertile plains |
| Climate | Moderate continental |
| Average Annual Temperature | 10.9 °C |
| Temperature Extremes: | Winter averages -1 °C, while July sees highs of 21.6 °C. Extreme temperatures range from –30.7 °C (24th January 1963) to +41.5 °C (6th July 1950) |
| Precipitation | Annual rainfall is 686 mm, occurring over 122 rainy days. The Danube’s lowest point is at 70.83 m, reaching a high of 79.70 m. The highest marked water level is +778 cm, and the lowest is -134 cm |
| Natural Resources | Vojvodina is endowed with a remarkable plain landscape featuring abundant greenery, extensive rivers (including the massive Danube), canals, lakes, spas, and the “Fruska Gora” National Park. Additionally, the region is home to the Deliblatska Desert, characterized by sandy terrain. Beyond its diverse landscapes, Vojvodina boasts plentiful arable land, oil and natural gas reserves, fishponds, forests, and more. |
Demographic Overview
| Total Population: | 9 million |
Male Population | 939,617 |
| Female Population | 992,192 |
| Nationalities | 26 nationalities |
| Ethnic Groups | Serbs, Hungarians, Romanians, Slovaks, Croats, Ruthenians, Muslims, and others contribute to the vibrant cultural mosaic |
| Official Languages | Serbian, Hungarian, Romanian, Slovak, Ruthenian, and Croatian—all recognized as official languages in Vojvodina |
Age Distribution |
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Life Expectancy |
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Economic Overview of Vojvodina: Nurturing Diverse Growth
Vojvodina’s economic foundation is built on a diverse range of industries, each contributing significantly to the region’s prosperity.
Main industrial sectors: electrical products, pharmaceuticals, metal products, food and beverages
Industrial production growth rate 2022/2023: 3.0%
Unemployment rate: 9.1%
Export volume 2023: € 9.6 billion
Key export markets: EU, CEFTA, Russia, China.
Key export areas:
| Electrical products | 15% |
| Food & Beverage | 13% |
| Other machines and equipment | 10% |
| Motor vehicles and trailers | 10% |
| Rubber and Plastics | 8% |
| Agricultural production | 5% |
| Chemicals | 4% |
| Coke and oil derivate production | 4% |
Life in Vojvodina
Life in Vojvodina is colorful in many ways. If you seek rich, fertile land, Vojvodina is the answer, with 84% of its territory covered by fertile soil. Vojvodina’s Deliblatska pescara (Deliblato Sands) is your destination if you are looking for a European desert. If water interests you, Vojvodina offers an abundance of rivers like the Danube, Sava, Tisa, Begej, Tamiš, Karaš, and Bosut, along with numerous lakes and canals used for agriculture and transportation.
The peaceful plains intersected with rivers and a lone mountain, a remnant of the ancient Pannonia Sea, host picturesque villages adorned with the iconography of various ethnic groups. These villages celebrate their long winemaking tradition and hold festivals dedicated to wine, sausages, bacon, pumpkin, cabbage, cakes, eggs, beans, ham, and various music genres.
Living or staying in Vojvodina means attending the EXIT Festival, enjoying performances by top jazz musicians at the Novi Sad Jazz Festival, and participating in events like the “Sterijino Pozorje” Theatre Festival, Festival of Street Musicians, NOMUS International Music Festival, and concerts of modern music.
Vojvodina’s beautiful landscape, mild climate, and multicultural environment, where 26 nations live and work together, make it a prime location for investment. Over the past decade, 388 foreign companies have invested over 11 billion Euros, employing over 100,000 people. Many of these companies have expanded their operations due to the region’s profitability and success.
A plain with a mountain, a network of rivers, canals, and lakes, Vojvodina seamlessly blends nature and urban life, colors and cultures, knowledge and experiences, work and enjoyment.
Vojvodina is all that and so much more.
