Economic Geography

Economy of Morroco

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Morroco takes the 60th place on ease of doing business list (World Bank). GDP estimate US$ $397.916 billion (GDP 2019) $664.716 billion (PPP; 2019) • Per capita $ 8225,00 GDP Growth: 1.1% (2016) 4.1% (2017) 3.0% (2018) 2.9% (2019) Public Debt/GDP: 65.1% of GDP (2017 est.) Unemployment 10% (2017) Inflation: 1% (2017) (Source:Wikipedia) Main industries: […]

Economic News

OTP buys SGS Serbia

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OTP Bank signs deal to buy Société Généraleʼs Serbian unit in Serbia. Societe Generale Bank is the fourth largest bank in Serbia, with an 8.4% market share. The transaction is expected to be closed within a few months. OTP bank already owes big Serbian bank – Vojvođanska banka.

Business in Serbia

Paid time off or personal time off (PTO)

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Paid time off or personal time off (PTO) is a business policy which provides employees to use days off and still get a salary. In each calendar year, the employee is entitled to annual leave of a minimum duration of 20 working days. Employees have right to be fully paid on public holidays more… An […]

Law

Sick pay rights

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An employee can start sickness absence at any time. There is no minimum period of service. An employer should ask for proof of sickness. A company pays the first 30 days of absence. An employee is entitled to compensation for earnings during absence from work due to temporary work-up of up to 30 days in […]

Foreign Companies

Aptiv Mobility Services d.o.o. Novi Sad

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This company is established in Novi Sad in 2015. According to mojnovisad.com has more than 3.700 employees. Aptiv delivers unparalleled power distribution of signal and energy, software-developed algorithms, centralized computer systems, improved security and automated control systems, data management and data aggregation, information and entertainment connectivity, networking and electrification to its customers around the globe.