Gecić Law proudly announces its contribution to the 2025 edition of the Chambers Global Practice Guides. We authored the Serbia chapter of the Acquisition Finance: Trends & Developments section. Partner Miodrag Jevtić, a leading expert in banking and finance law, authored the article. He provided a deep dive into Serbia’s evolving acquisition finance landscape. His analysis offers practical insight for both domestic and international investors.
Serbia’s acquisition finance market has relied heavily on traditional bank loans. That is beginning to change. In recent years, local companies have turned to new options like corporate bonds, Eurobond issuances, and management buyouts.
Investors are also exploring hybrid cross-border financing models. These include mezzanine financing, convertible instruments, and performance-based structures. However, Serbia’s foreign exchange regulations still limit the use of complex financial tools.
Serbia indeed continues to draw strong investor interest. The country’s stable macroeconomic outlook, growing FDI, and upgraded credit rating (BBB-) all further support that trend.
Serbia’s financial market continues to modernize. Local companies are increasingly issuing corporate bonds. The government’s legal reforms and support from international institutions have encouraged this trend. In 2024, Telekom Srbija issued Serbia’s first Eurobond, worth $900 million. The success of this issue opened doors for other companies to raise capital on global markets.
Meanwhile, Serbia’s new Sustainable Finance Framework promotes green, social, and sustainability-linked instruments. This will shape future M&A deals, especially in infrastructure, energy, healthcare, and transport. The government’s ESG reforms align with EU standards and provide new opportunities for blended financing.
The introduction of REITs (Real Estate Investment Trusts) will also support acquisition finance. REITs make property markets more liquid and transparent. This improves asset valuation and enables their use as collateral in M&A deals.
Serbia’s acquisition finance environment shows strong upward momentum heading into 2025. Investors benefit from a stable currency, moderate inflation, and GDP growth forecast at 4.5%.
The lead-up to EXPO 2027 will create new investment opportunities across sectors. Public-private partnerships, infrastructure deals, and cross-border M&A transactions will all play a key role. The ongoing EU integration process will further align Serbia’s financial laws with European standards. This will undoubtedly create a more familiar environment for international investors.
“We are honored to contribute to the Chambers Global Guide’s Acquisition Finance 2025,” said Miodrag Jevtić, Partner at Gecić Law. “Our work reflects our commitment to helping clients navigate Serbia’s dynamic financial market. We identify opportunities and provide clear strategies for success.”
Gecić Law’s contribution therefore reinforces its position as a regional leader in legal innovation. We continue to offer cutting-edge legal solutions in complex matters to clients across industries.
Read the full Trends & Developments article on the Chambers Global Practice Guides website. Click this link to access a PDF version.
