Sectors

Five markets we know from both sides.

HealthHow the same money could deliver more and better care.Where demand outgrows supply, and how a provider stands out.EducationHow the system could reach every child and teach each one better.Where families look for more, and how a private school or faculty earns its premium.ICT & digital infrastructureHow support could follow skills and adoption at home, not headcount.Where the market moves from hours to solutions, and which firms are worth backing.Manufacturing & exportersHow support could help domestic firms grow, not only bring new plants.Where domestic manufacturers can sell more, and what it takes to get there.Agri-foodHow farm support could raise what a hectare earns.Where land earns most, and who can capture the value.All sectorsOverview

Topics

Five questions that cut across every market.

SMEs & entrepreneurshipHow support could reach the small and mid-sized firms able to grow.Where domestic know-how sits, and which firms are worth backing.Competitiveness & investmentHow support could raise productivity, not only jobs.Where firms have underinvested, and what it takes to catch up.Public financeHow each dinar could be tied to a purpose, and pay to the value of work.Where the state will spend, and how to compete for it.Green & digital transitionHow carbon revenue and support could help firms measure and cut, not only pay.Where clean power and carbon data open a market, and who can serve it.Skills & labour marketsHow adults in work and out of it could keep learning what the economy needs.Where to find the people a plan needs, and how to train and keep them.All topicsOverview

Services

Economic analysis for governments, donors and international organisations: we diagnose sectors and public spending, design and cost programmes, and evaluate what they changed.Economic analysis for companies and investors: we size markets and plan entry, find and assess firms to buy, and model what a business is worth.

Sector & value-chain diagnosticsWhere a sector creates value, who leads it, and what holds it back.Public expenditure & functional reviewsWhere public money goes, what it achieves, and how the same budget could do more.Policy & programme designWhom a programme should reach, with what instrument, and how it will be judged.Cost-benefit & fiscal impactWhat a policy or project will cost, year by year, and what it returns.EvaluationWhat a programme changed, for whom, and what would have happened anyway.Market entry studiesHow large the market is, who buys, who competes and what it takes to win.Policy, regulatory & public-demand riskHow incentives, licences, rules and public spending move a business case.Market-entry programmesFrom a study to an operation on the ground: set-up, people, partners and first customers.Business plansA plan a board can approve and a lender or investor can fund.Target search & screeningWhich firms exist, who owns them, and which deserve a closer look.Due diligenceWhat a target’s business, clients and earnings really are, before the price is set.Financial models & valuationWhat a business or an investment is worth, and how it pays back under different scenarios.Surveys & primary dataThe evidence that does not exist yet, collected so that it can be trusted.Custom analytical & performance toolsModels, dashboards and indices, used every time a decision comes back.All servicesOverview

About Econominess

What we do

A boutique economic consultancy that helps companies, investors and public institutions make better investment and policy decisions in the Western Balkans, a region of fragmented markets shaped by the state, legacy and the EU.

Companies and investors come to find their place in a market: where demand will come from, who really competes and what it takes to win. Institutions come to see whether policies and public money reach those they are meant for and change what they set out to change. Both get the same evidence, read in its context, and a clear direction.

Nemanja Šormaz leads every engagement and shapes each part of the work. He delivers it with a network of experienced specialists he has worked with over the years, brought together for what each assignment needs.

Three views that rarely meet

What the evidence shows

Built from the ground up: company accounts, registers, surveys and interviews.

How the state thinks

Budgets, rules and incentives, known from inside government and alongside it.

How companies decide

Markets, competitors and the numbers behind a deal.

A note from the founder

I work for two kinds of clients who rarely talk to each other: institutions that ask whether policies and programmes work, and investors who ask whether companies and markets are worth investing in. Both want to know whether something will deliver what it promises.

Knowing how the state thinks helps investors see where rules, subsidies and public demand will move a business case. Knowing how firms decide helps institutions see where public money will change behaviour. Econominess is where the two meet.

Nemanja Šormaz, Founder and Principal Economist

Nemanja Šormaz

Founder

Nemanja Šormaz

2008201120142017202020232026
Education
BSc in International Economics, Faculty of Economics, University of Belgrade
Think tank
CEVES, Belgrade: analyst, then executive director from 2014
Government
Special adviser to the Deputy Prime Minister
Independent
Senior economist and analyst for the World Bank, UN agencies, the OECD and others
Econominess
Founder and Principal Economist
Teaching
Microeconomics, Mokra Gora School of Management
Based inBelgrade, Serbia
LanguagesSerbian and English
FoundedApril 2025

Contact

Tell us the decision in front of you, and when you need it.

nemanja@econominess.rs

Company profile, PDF · Belgrade, Serbia