Wiener Städtische osiguranje Recognizes Sustainable Mobility Projects
At a formal ceremony held at the French Embassy in Belgrade, Wiener Städtische osiguranje presented awards to the municipalities of Svilajnac and Vranje for their successful implementation of urban sustainable mobility projects, as part of the “Ekoopština 2025” competition.
As a partner of the “Sustainable Mobility” program segment, Wiener Städtische osiguranje supported two municipalities that best met the competition’s criteria by implementing innovative solutions aimed at improving environmentally responsible urban transport.
The company continuously supports local communities in Serbia in the development and implementation of environmentally friendly traffic solutions, with the aim of reducing greenhouse gas emissions, alleviating traffic congestion, and increasing road accessibility.
Over the past three years, Wiener Städtische Insurance has supported sustainable mobility projects in Belgrade, Bajina Bašta, Niš, Pirot, and Kruševac, thus contributing to improving the quality of life and protecting the environment in urban areas.
The “Ekoopština” competition serves as an important platform for exchanging experiences and best practices between French and Serbian experts, with a focus on four key areas: sustainable waste management, sustainable water management, sustainable mobility, and energy efficiency in buildings.
As a partner of this program, Wiener Städtische osiguranje remains committed to actively supporting initiatives that contribute to the creation of cleaner and more sustainable cities in Serbia, aiming to ensure a healthier environment for future generations.
Wiener Talents – Outstanding Achievements of Students from the Mathematical Grammar School Awarded
Belgrade, October 14, 2025 – Today, in the ceremonial hall of the Mathematical Grammar School in Belgrade, recognitions were awarded to students of this prestigious school within the framework of the “Wiener Talents” program for their exceptional results at international competitions. Wiener Städtische osiguranje implements this program with the aim of identifying, supporting, and rewarding young talents from various fields across Serbia.
This year’s winners are five outstanding young individuals who, during the previous school year, achieved remarkable success at the world’s most prestigious competitions, winning a total of 50 medals across multiple scientific disciplines. Among them is Filip Kilibarda, the second student in Serbia’s history to earn a gold medal at the Junior Science Olympiad, as well as a bronze medal at the Artificial Intelligence Olympiad. Janko Popović has won eight medals so far this year at top global competitions in physics and chemistry. His most notable achievements include silver medals at the International Physics Olympiad and the European Physics Olympiad, as well as a silver medal at the International Chemistry Olympiad. This summer, Janko became Serbia’s most successful chemistry competitor of all time. In addition to his extraordinary international achievements, he was also named this year’s Student of the Generation at the Mathematical Gymnasium in Belgrade.
Petar Banović achieved remarkable results this year, winning a silver medal at the International Informatics Olympiad, a gold medal at the Balkan Olympiad in Informatics, and a bronze medal at the International Mathematics Olympiad. Since January 1, 2025, Andrej Drobnjaković has won nine medals at the most prestigious global competitions in physics and chemistry. His notable successes include silver medals at the International Physics Olympiad and the European Physics Olympiad, as well as a bronze medal at the International Chemistry Olympiad. Stefan Šebez earned a silver medal at the International Mathematics Olympiad this year, along with a bronze medal at the International Informatics Olympiad.
“These young people are not only the pride of the Mathematical Grammar School but of the entire country. Their results are impressive, but what truly sets them apart is their dedication, curiosity, and thirst for knowledge. We thank Wiener Städtische osiguranje for recognizing the importance of investing in knowledge and effort,” said Mirjana Katić, director of the Mathematical Grammar School.
Thanks to the “Wiener Talents“ program, the most successful students receive not only recognition but also financial support to continue on the path of excellence. This year, the company chose to focus on education and knowledge, with the students of the Mathematical Grammar School standing out as the best ambassadors of these values.
“The Wiener Talents program is much more than an award – it is our way of being present where talent is born and nurtured. The rewarded students are the best proof that investing in education is the most valuable investment in the future. We are proud to support them on this journey,” emphasized Svetlana Smiljanić, member of the Executive Board of Wiener Städtische osiguranje.
On behalf of the awardees, student Andrej Drobnjaković addressed the attendees, expressing gratitude for the recognition that rewards the effort and work of the Mathematical Grammar School students in the development and promotion of science.
Wiener Städtische Insurance launched the Wiener Talents program to support young talents across various fields – science, technology, arts, and sports throughout Serbia. The program was established in 2023, when ten of the most successful young musical talents were recognized for their work and dedication. In 2024, the award was given to ten promising young tennis players, while this year the company has acknowledged the outstanding contributions of the Mathematical Grammar School and its talented students, demonstrating a strong commitment to supporting education and the development of younger generations.
Young Tennis Players Honored with the Wiener Talents 2024 Award
A ceremony marking the conclusion of a successful competitive season for young tennis players, organized by the Vojvodina Tennis Association, was held in Novi Sad. This special event brought together young tennis hopefuls, their families, and coaches to celebrate the achievements, talent, and dedication of tennis pioneers. In partnership with the Vojvodina Tennis Association, Wiener Städtische osiguranje presented the Wiener Talents award to ten tennis players, aged 10 to 18, in recognition of their outstanding competition results, commitment, and talent.
The awards, which included plaques and financial incentives for further development, were presented to the young athletes by Marko Vukadinović, Director of Commercial Sales for Vojvodina at Wiener Städtische osiguranje. He emphasized the company’s commitment to investing in young talents to help them continue nurturing their abilities and dedication. “You have demonstrated remarkable effort, sportsmanship, and love for tennis. These awards are a symbol of our confidence in your dedication and potential. We aim to inspire young people to keep dreaming, training, and growing because their successes contribute to building a strong and healthy society,” said Vukadinović.
The company also supported this year’s tournaments for junior players by providing equipment for the children and funding their training, competitions, and travel, in line with its socially responsible practice of focusing on children’s welfare.
The Vice President of the Vojvodina Tennis Association, Mr. Aleksandar Mojsejev, expressed satisfaction with the concluded competition season, stating:
“We are extremely proud of the young competitors who participated in this year’s season. Thanks to initiatives like Wiener Talents, we have the opportunity to support their passion and nurture new generations of tennis stars.”
Launched in 2023, the Wiener Talents project aims to recognize and support young talents across various fields – from sports and arts to science and technology. As this year’s sponsor of junior tournaments organized by the Vojvodina Tennis Association, Wiener Städtische osiguranje actively promotes the importance of investing in future generations and encouraging healthy lifestyle habits.
Živković Samardžić Advises APIS Assay Technologies Ltd on Serbian Aspects of Acquisition of BeoGenomics
Živković Samardžić has advised Manchester-based biotech firm APIS Assay Technologies Ltd, a company combining outstanding In Vitro Diagnostics (IVD) experience with integrated AI to develop biomarker-based diagnostic assays, on Serbian aspects of its acquisition of BeoGenomics, a specialised software developer with major expertise in Bioinformatics and Artificial Intelligence (BIOX).
BeoGenomics has been developing both on-prem and secure cloud-based data analysis solutions – helping customers design, build and run custom tailored genomics & proteomics pipelines. The start-up with amazing capability will be integrated into Manchester-based APIS, supporting the launch of a new BIOX Service Line as part of the company’s ongoing Biomarker Research and Development activities.
APIS develops new tests for the prediction, prevention, and diagnosis of disease from discovery to regulatory approval. The company’s business model is based on three pillars: biomarker diagnostics development, molecular diagnostic contract development, and applied bioinformatics.
Živković Samardžić’s scope of work consisted of performing due diligence of BeoGenomics, drafting and negotiating of transactional documentation, structuring the transaction, as well as all-encompassing legal advisory regarding post-closing activities for APIS Assay Technologies Ltd.
The Živković Samardžić team that has advised APIS Assay Technologies Ltd on this deal was led by Partner Igor Živkovski and included Partner Ana Popović, who advised on employment matters.
Živković Samardžić Advises Catalyst Romania and 3TS Capital Partners on Serbian Aspects of Investment in Hunch
Živković Samardžić has advised Catalyst Romania, one of the leading technology-focused venture capital firms in Romania and 3TS Capital Partners, one of the leading European technology focused private equity and venture capital firms, on Serbian aspects of its investment in Hunch, an automated creative production and media buying platform that empowers brands and agencies to grow on paid social. Hunch has raised the new EUR 4 million and the round is led by Catalyst Romania backed by 3TS Capital Partners, alongside co-investors Euroventures, North Base Media, SeedBlink and South Central Ventures. This round is the largest round led by Catalyst Fund II thus far, and the first investment by the fund in the SEE region outside Romania. Hunch will use this investment to triple its sales team and increase marketing investments, to support its expansion plans in Europe and into the US.
Hunch, a Meta Business Partner, teams up with leading global brand and performance marketing teams to consistently drive operational efficiencies, revenue uplifts, and faster go-to-market initiatives. Brands and agencies rely on Hunch’s market-leading automation platform that combines unique data-driven creative performance workflows with automated media buying processes to help today’s marketers focus on what matters most – growth.
Catalyst Romania focuses on tech companies that have already launched products into their target markets and have experienced management teams. It launched its first EUR 15 million fund in 2012, as the first fund of its type designed for Romania. The firm launched a second growth capital tech fund for Romania, with a first initial closing with institutional and private investors in November 2020, followed by a second closing in April 2021 and a final closing in February 2022. The original target of EUR 40 million was substantially exceeded and the Fund reached its hard cap of EUR 50 million. The Fund will continue to make early growth capital investments in SMEs based in Romania and other countries in the region.
3TS Capital Partners is one of the leading European technology focused growth capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totalling over EUR 400 million include EIF, Erste Group, Tesi, Cisco, OTP, EBRD, AWS, Sitra, KfW, and 3i among others.
The Živković Samardžić team that has advised Catalyst Romania and 3TS Capital Partners on this deal was led by Partner Igor Živkovski and included Associate Danka Draško, who advised on employment matters.
Živković Samardžić Advises Credo Ventures on Investment in Startup Trickest
Živković Samardžić has advised Credo Ventures on its investment in Trickest, a Belgrade-based startup building a workflow automation and orchestration tool for bug bounty hunters, penetration testers, and enterprise security teams. Trickest has raised a EUR 1.4 million seed round and the round is led by Credo Ventures, with participation from Earlybird Digital East Fund, with Daniel Dines and Marius Tirca, CEO and CTO of UiPath also participating as angel investors. Proceeds from the round will be used to accelerate hiring and support the company’s early access launch.
Credo Ventures is a venture capital company focused on early stage investments in Central and Eastern Europe. It is on a mission to identify and back the most interesting early stage companies in the region, support them in their growth plans (including expansion to the U.S. / global market), and help to achieve their objectives. Credo Ventures is looking for opportunities to invest in high-growth potential companies with international ambitions and competence to execute and deliver, while its industry focus is IT, Internet, and health.
Trickest’s co-founders combined their security and data backgrounds to start Trickest in late 2019. The company’s cloud-based workflow editor makes it easy to build and automate tests in a drag-and-drop way, and while the platform supports starting from scratch, Trickest makes the best crowdsourced knowledge available to everyone thanks to a library of 100+ open-source tools. Additionally, more advanced users can also drop in their custom scripts for maximum flexibility and control. The company also takes care of infrastructure management – workflows can be run in the cloud with one click and are designed to support features like auto-scaling and cost controls out of the box.
Živković Samardžić’s scope of work consisted of performing due diligence of Trickest, drafting and negotiating of transactional documentation, structuring the transaction, as well as all-encompassing legal advisory regarding post-closing activities for Credo Ventures. The Živković Samardžić team that has advised Credo Ventures on this deal was led by Partner Igor Živkovski and included Partners Slobodan Kremenjak, who advised on intellectual property matters and Ana Popović, who advised on employment matters.
Živković Samardžić Advises Joberty on Angel Investment for Entering Global Market
Živković Samardžić has advised Joberty, an online IT business platform that connects employers and candidates into a transparent ecosystem, on early-stage investment by angel investor, Kroog Ventures. With the investment of USD 350,000, this high-potential project has reached a value of as much as USD 3.3 million.
The initial capital will be used to expand Joberty platform in the region, the European market and beyond. Since its inception, the platform has numbered over 27,000 IT professionals and 600 companies, despite the many problems caused by the COVID-19 pandemic.
Joberty is an online platform founded in August 2019, created as a startup. The purpose of the platform is to enable employees in IT companies to share their work experiences, candidates to find jobs in the IT industry, and IT companies to find relevant candidates for their jobs. With this approach, Joberty provides the wider community with the opportunity to gain additional insight into the work ethic and culture of IT companies, thus increasing the transparency of the rapidly evolving IT community. The goal of the platform is to expand throughout the region, but also throughout other continents, especially throughout the US markets.
Kroog Ventures is an investment platform focused on European technology startup projects. It was founded in early 2021 and is investing in the early stages of development. It consists of entrepreneurs, technology seniors and experienced businessmen. Kroog Ventures supports startups not only financially, but also with strategic and operational support, as well as the access to the international network and capital markets.
Živković Samardžić acted as legal adviser to Joberty on all aspects of the deal, including structuring the transaction, drafting and negotiating of transactional documentation, as well as assisting with the preparation and execution of the closing process. The Živković Samardžić team that has advised Joberty on this deal was led by Partner Igor Živkovski.
Živkovic Samardžić Advises on Eurobank Merger with Direktna Bank
Živković Samardžić, one of Serbia’s leading full-service independent law firms, has advised on the merger of Eurobank a.d. Beograd (“Eurobank Serbia”), a Serbian subsidiary of Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), with Direktna Banka a.d. Kragujevac (“Direktna”), with absorption of Direktna by Eurobank Serbia (the “Transaction”).
The Eurobank Group is a dynamic banking group active in six countries, with total assets of €67.7 billion and 11,394 employees. Established in 1990, the Group expanded through organic growth to become a leading force in Greek banking sector. In Serbia, Eurobank (after two successful acquisitions – Poštanska banka and Nacionalna štedionica) is today among the leading foreign investors and financial institutions.
Direktna is a modern, domestic and universal bank, whose business strategy is focused on business with the population and the economy. It was created by the purchase of KBM Bank, then Findomestic BNP Paribas and Piraeus Bank a.d. Beograd, which formed a strong and stable financial institution.
The combined bank (“Eurobank Direktna”) will have total assets in excess of €2bn, total equity above €300m and, accounting for the expected fully-phased synergies, pre-provision income and net income in excess of €50m and €35m respectively.
The combined bank’s market share will exceed 6.5%, in terms of total loans, making the bank the seventh largest in Serbia.
After the completion of the Transaction, Eurobank will control c. 70% of the combined bank while Direktna’s shareholders will own the remaining 30%. Both parties have committed to a growth-oriented business plan, incorporating ambitious expansion targets that will allow the combined bank to finance the Serbian economy and grow profitably in the next few years. Part of the Transaction is the payment of a dividend/capital return to Eurobank. The Transaction is capital neutral for Eurobank and earnings per share (EPS) accretive by 3% post synergies.
Completion of the Transaction is subject to customary approvals by the competent regulatory and supervisory authorities and is expected to take place during the last quarter of 2021. The Živković Samardžić team provided legal assistance and advice both involved banks on the Transaction. This deal was led by Partners Branislav Živković, Uroš Đorđević, Igor Živkovski and Sava Pavlović.
Živković Samardžić Advises on the Sale of Eurobank Direktna to AIK Banka
Serbian banking market continues with consolidation and Živković Samardžić is again on the spot. Živković Samardžić, one of Serbia’s leading full-service independent law firms, has advised the shareholders of Eurobank Direktna a.d. Beograd (“Eurobank Direktna”) on the sale of the entire stake of 100% in Eurobank Direktna to AIK Banka a.d. Beograd(“AIK Banka”). Eurobank Direktna is headquartered in Belgrade and operates through 4 primary segments: Retail Banking, Corporate Banking, Small Business Banking & Digital Banking, and holds a market share of 6% in terms of total assets. It currently employs c. 1,600 employees, operates 98 branches and has a balance sheet size of €2.4bn. Eurobank Direktna is majority owned by Eurobank Holdings (70%) and former Direktna Banka shareholders (30%).
Eurobank Direktna has developed its banking business since entering the market in 2003 as Eurobank EFG Serbia. Following the merger with Direktna Banka, it has become number 8 in the market with market share of 5.5% in assets, loan portfolio of 1.7 billion euro and 1.5 billion euro deposits (as of September 2022). Through a wide network of branches and online platform, Eurobank Direktna provides a high-quality service to its clients.
Thanks to the complementarity of the activities of the two banks, the combined bank would have attained an over 13% market share in total assets, with over 4 billion euro deposits and strong capital base of more than 800 million euros (as of September 2022).
Completion of the transaction is subject to customary approvals by the competent regulatory and supervisory authorities and is expected to take place during the third quarter of 2023.
Živković Samardžić team that acted as local legal counsel to the shareholders of Eurobank Direktna on all aspects of this process consisted of Partners Branislav Živković, Igor Živkovski, Sava Pavlović and Uroš Đorđević.
Živković Samardžić Advises Serbian Bookers on Legal Aspects of its Evolving into a Global Brand OTA Sync
Živković Samardžić has advised Serbian Bookers, a Belgrade-based startup developing the first cloud software for hotels and private accommodation in Serbia, on legal aspects of its evolving into a global brand OTA Sync. The aim of this restructuring is to expand the opportunity for global expansion and access to investment opportunities.
Serbian Bookers is software company offering complete web & mobile solutions for hotels and private accommodation. With this evolving into a global brand OTA Sync (Online Travel Agencies Synchronization) it will continue to expand and develop globally, while its team will remain local. Currently, the system is used by users from 14 countries, and the team continues to work on new functions, modernization of the system and the success of its clients. The introduction of new functions will further facilitate the business of users and will help them to analyze their strategy in more detail and improve communication with guests.
OTA Sync is a full cloud-based hotel & property management system with integrated channel manager and booking engine system, ideal for any type of rentals. Its goal is to offer only the best quality software solution on the market. OTA Sync has already recorded great success in the tourism market, and in the coming period it is expected that the customer base of this service will be increased.
Živković Samardžić acted as legal adviser to Serbian Bookers on all aspects of the deal, including structuring the transaction, drafting of transactional documentation, as well as assisting with the implementation of the transaction. The Živković Samardžić team that has advised Serbian Bookers on this deal was led by Partner Igor Živkovski.