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

Service · For companies and investors · Where to play

Policy, regulatory & public-demand risk

How incentives, licences, rules and public spending move a business case.

Context

What it answers

In Serbia and the region, many business cases depend on the state: on incentives and their conditions, on licences and conformity rules, on public buyers and how they procure, and on rules that are being aligned with the EU. These move faster and less predictably than markets, and they are often read from announcements rather than from the documents that decide them.

  • Which incentives could apply, on what conditions, and what do they require in return?
  • Which licences, standards and procurement rules apply, and how long do they take in practice?
  • Where will public money be spent, and how could politics or EU alignment change the case?

Evidence

How we work

We read the laws, decrees, programmes and budgets that govern a case in the original, map the institutions that decide and how long their procedures take in practice, and follow public demand from budget programmes and project lists down to tenders and contract awards. State-aid rules and EU alignment are checked for what they mean for a specific investment, and political and fiscal risks are set out as scenarios, with the signals that would show which one is unfolding.

Incentives and state aid · licences and conformity · public procurement and project pipelines · public budgets, EU and lender funds · EU alignment · political and fiscal scenarios

Direction

What you get

A risk memo, or a chapter of a market study, that lists each rule, incentive and public programme that matters, what it requires, by when, and how likely it is to change; a note on public demand, monthly where needed; and checklists for licences, tenders and conformity. Legal opinions come from the client’s lawyers; we set out what they need to confirm.

What the tool looks like

Monitor

Public demand, month by month

Tenders planned, open and awarded

For investors · Policy, regulatory & public-demand risk

Illustration with invented figures.

Examples of our work

For investorsInternational technology group2026

Market-entry strategy for Serbia

No published source measures this market, so we built it from primary records: a census of six years of public contracts and tender files, the filed accounts of the supplier base and an object-by-object model of commercial demand. It was sized from the demand and the supply side independently and forecast to 2032 in a model the client can adjust.

All work

Earlier experience

Before Econominess, Nemanja Šormaz did work of this kind in the roles below.

2018–2025Project manager, co-author and supervising director

Foreign investment and state aid

A policy study of state aid built on a profile of several hundred greenfield foreign investors, a project on publishing state-aid data openly and tracking the quality of subsidised investment and, as supervising director, a census of firms controlled from one of Serbia’s main trading partners.

Talk to Nemanja Šormaz

The other side

Market entry, business plans, due diligence and valuation for companies and investors.Diagnostics, programme design, cost-benefit analysis and evaluation for institutions.

Read this as an investorRead this as an institution
Next serviceMarket-entry programmes

Contact

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

nemanja@econominess.rs

Company profile, PDF · Belgrade, Serbia