Skip to main content

Belgrade Stock Exchange (BELEX)

posted onMarch 30, 2018

The Belgrade Stock Exchange (BELEX), known locally as the Beogradska Berza (BB) was founded in 1894 after the King of Serbia Milan M. Obrenović proclaimed the Stock exchange law of 1886. The purpose of founding the Exchange was to promote, facilitate and regulate trading in various commodities, all securities allowed to be quated, cheques and coupons, coins and paper money. The first trading sessions were held in the hotel „Bosna“ on the bank of the river Sava.

The exchange was shuttered in 1941 during WWII but was re-opened as the Yugoslav Capital Market in 1989. In 1992, the Yugoslav Capital Market changed its name to the Belgrade Stock Exchange. Since its re-establishment, the operation of the Belgrade Stock Exchange has not been interrupted. In the 1990s, the trading material mostly consisted of debt instruments of companies, government bonds and the like. 

The Belgrade Stock Exchange launched its first electronic trading system in 2001 and its first index, the BELEX15, in early 2005. In 2006, the Exchange started to organize educational courses for the general public and improved its cooperation with issuers of securities, which in April 2007 led to the first security listing. 

The first shares of public enterprises in Serbia were listed on the Belgrade Stock Exchange in 2010 and so the local capital market arrived in the center of attention of the general public. Further improvements in the investor relations area and transparency of the local companies were realized at the end of 2010, when the first Award for best IR was awarded to a listed company on the Belgrade SE International Conference, as well as through organizing the first BELEX Day of listed companies in 2011, on which representatives of listed companies meet with domestic and foreign investors. 

On 22 February 2016, the Belgrade Stock Exchange, along with the Ljubljana Stock Exchange, decided to join SEE Link, an EBRD-sponsored regional network for trading securities. The Belgrade Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges. 

Sinisa Krneta Belgrade Stock Exchange CEO

Key people:
Sinisa Krneta (CEO)
Mr. Krneta serves as CEO at Belgrade Stock Exchange since 2015. Prior to that he was futures trader for 4 years and served for over 14 years at the Belgrade Stock Exchange as a Director of Business Operations. Mr. Krneta has 21 years of extensive capital market experience abroad as well as in Serbia/SEE region. 

Phone: +381.11.311.72.97 
Fax: +381.11.2138.242 
Email: info[at]
Address: Beogradska berza a.d. Beograd
Omladinskih brigada 1
11070 Novi Beograd, Serbia

line black 1300
line black 1300