Features of the Baltic-Serbian Chamber of Commerce and Industry's work
BCSC brings together companies and entrepreneurs from the Baltic states and Serbia who want to do business with each other. We take on what usually slows down entry into a new market: finding reliable partners, sorting out regulatory and customs issues, and access to up-to-date information about the market and tenders.
Serbia is the largest economy in the Western Balkans and an EU candidate country. A developed industrial sector, a fast-growing IT industry, and existing free trade agreements (CEFTA, EACT, preferential treatment with the EU) make it easier to enter the local market.

We combine two different institutional approaches: a flexible, private-business-oriented structure in the Baltic states — with the chamber's head office in Tallinn and a representative office in Riga
About us
The Baltic-Serbian Chamber of Commerce and Industry (BCSC) brings together companies interested in developing business between the Baltic states and Serbia. We support both those who are just considering the new market and those who are already doing business and want to expand their connections.

The chamber is registered in Estonia as a non-profit organization (MTÜ) under the name Baltic Countries & Serbia Chamber of Commerce. On the Latvian side, the chamber is represented by Baltijas valstu & Serbijas Tirdzniecības Kamera (representative office in Riga)
Сharter (articles of association)
Services
The chamber helps companies from the Baltics and Serbia find each other and do business without unnecessary barriers. Below are the areas where we can already be useful today.
  • Export development
    We help Baltic companies enter the Serbian market and vice versa — systematically, from readiness assessment to support of first deals.
  • Certification
    Assessment of product export readiness, certification, labeling, regulatory and customs procedures, CEFTA/EU benefits.
  • Market entry strategy
    Choosing the optimal market entry channel and professional support of your first deals in the new region.
  • Partner search
    We select partners, distributors, and clients through direct contacts in the business communities of the Baltics and Serbia.
  • Verification
    Clarifying the type of partner, searching through the chamber's contact network, checking reputation, and organizing the first meeting with interpretation.
  • Market analysis
    Up-to-date information on the market and regulatory requirements — decisions based on facts, not guesses.
  • Data research
    Market overview: volume, dynamics, niches, regulatory requirements, taxes, business culture features, and price benchmarks.
  • Tender monitoring
    We track tenders relevant to member companies, including public procurement, selection by profile, clarification of requirements, and partner search for bids.
Board
  • Oleg Karpikov
    Board member, Estonia
    Entrepreneur and public figure with more than 30 years of experience in business. Served as deputy elder of the Haabersti district and member of the Tallinn City Council; since 2023, deputy mayor of Narva. Has managed and owned a number of companies in various sectors: restaurant business, oil products trade, energy (board member of Alexela), as well as supply of Japanese construction machinery — exclusive representative of Komatsu and Mitsubishi in Europe, the Middle East, Asia, and Africa. Since 2008, board member of the Estonian-Kazakh and Estonian-Tajik chambers of commerce, where he develops international business and cooperation between countries.
    Education: MBA (The Open University, UK), civil engineering technologist (Tallinn University of Technology). Speaks Estonian, Russian, and English.
  • Vadim Feklistov
    Board member, Estonia
    Entrepreneur with many years of experience in international trade. For the past 15 years, has specialized in the international trade of industrial fittings, as well as production automation and conveyor systems.
    Education: Business Management; "Electrical Engineering and Automated Control Systems," Tallinn University of Technology.
  • Sandra Bukane
    Board member, Latvia
    Executive and expert in law and investment with more than twenty years of experience in public policy, legal consulting, and investment strategies. As the chamber's representative in Latvia, she applies her expertise in regulatory compliance and strategic investment to strengthen trade and cross-border cooperation between the Baltic states and Serbia. Heads the company SIA Hydrokapillar Tech — a manufacturer of innovative capillary technology for heating and cooling — and serves on the board of the Latvian Energy Efficiency Association (LATEA). Previously served as legal advisor to the Prime Minister of Latvia and as a board member of the Freeport of Ventspils.
    Education: Master of Laws (University of Latvia), professional qualification in real estate valuation (University of Latvia).
Why Serbia
Serbia is the largest economy in the Western Balkans and, since 2012, an official EU candidate country continuing accession negotiations. For business, this means a growing convergence with European standards already today — and a market worth exploring before it becomes obvious to everyone.
At the crossroads of trade routes — Serbia borders the EU while also opening access to the entire Western Balkans region, making it a convenient entry point for companies seeking new markets beyond the Baltics. A ready-made industrial base — a developed manufacturing sector (automotive, machine building) — means not only demand for components and technology, but also potential partners for joint projects and supplies.
A fast-growing IT sector — Serbia is one of the region's technology hubs, opening up opportunities for cooperation not only in trade in goods but also in services. Existing trade agreements — CEFTA, EACT, and preferential treatment with the EU — already simplify entry into the local market today; there's no need to wait for Serbia to join the EU to start working. The Baltic-Serbian Chamber of Commerce and Industry (BCSC) is ready to provide you with comprehensive institutional support for a successful entry into this market. We invite legal entities and individuals from the Baltic states and Serbia to join our organization to jointly develop bilateral business, overcome barriers, and find new reliable partners. Fill out the membership application to become part of our business community and gain access to market analytics, tender monitoring, and expert consultations on developing your exports.
Export potential: Baltics ↔ Serbia
We analyzed trade flows between the Baltic states and Serbia using the ITC Export Potential Map methodology — an international tool for assessing unrealized export potential. Below are the top products with the greatest potential in each of the six directions, and the market volume not yet being used.
Developing trade relations
Supporting the development of business initiatives in the Baltic states and Serbia by providing effective institutional support and resources for entrepreneurs.
  • Estonia — Serbia: all goods
    Export potential $25 million
    Unrealized potential $20 million
    The greatest export potential from Estonia to Serbia is in components for electric motors and generators, data reception/conversion/transmission devices, and motor vehicles for transporting fewer than 10 people. Estonia has the largest production capacity for unassembled softwood parquet. Motor vehicles for transporting fewer than 10 people are the product most in demand in Serbia.
  • Serbia — Estonia: all goods
    Export potential $23 million
    Unrealized potential $18 million
    The greatest export potential from Serbia to Estonia is in electricity, flat-rolled iron/steel products with a width ≥600 mm and thickness <0.5 mm, tinned, and new pneumatic rubber tires for vehicles. Electricity shows the largest absolute difference between potential and baseline exports in value terms, leaving room for additional exports worth $1.6 million USD, which is 9% of the unrealized export potential.
  • Latvia — Serbia: all goods
    Export potential $25 million
    Unrealized potential $20 million
    The greatest export potential from Latvia to Serbia is in retail medicinal preparations (not elsewhere specified), electro-energy products, and wood plywood (thickness ≤6 mm, not elsewhere specified). Latvia has the largest production capacity for oriented strand board (OSB). The highest demand in Serbia is for motor vehicles transporting fewer than 10 people.
  • Serbia — Latvia: all goods
    Export potential $26 million
    Unrealized potential $20 million
    The greatest export potential from Serbia to Latvia is in electricity, new pneumatic rubber tires for vehicles, and detergents and surface cleaning products for retail (not elsewhere specified). Electricity shows the largest absolute difference between potential and baseline exports in value terms, leaving room for additional exports worth $1.9 million USD, which is 10% of the unrealized export potential.
  • Lithuania — Serbia: all goods
    Export potential $65 million
    Unrealized potential $47 million
    The greatest export potential from Lithuania to Serbia is in wadding of man-made fibers and articles thereof (not elsewhere specified), diagnostic and laboratory reagents (not elsewhere specified), and ammonium nitrate. Lithuania has the largest production capacity for wadding of man-made fibers and articles thereof (not elsewhere specified). The highest demand in Serbia is for motor vehicles transporting fewer than 10 people.
  • Serbia — Lithuania: all goods
    Export potential $63 million
    Unrealized potential $45 million
    The greatest export potential from Serbia to Lithuania is in electro-energy products, ignition wiring sets for vehicles, and new pneumatic rubber tires for passenger cars. Electro-energy products show the largest absolute difference between potential and baseline exports in value terms, leaving room for additional exports worth $6.1 million USD, which is 31% of the unrealized export potential.
List of imported goods
Join the Baltic-Serbian Chamber of Commerce and Industry

Any legal entity or individual from the Baltics or Serbia interested in developing bilateral business can become a member of the chamber. To join, you need to submit a written application to the board and pay a membership fee.
Fill out the application
Become a member of the Baltic-Serbian Chamber of Commerce and Industry
Any legal entity or individual from the Baltics or Serbia interested in developing bilateral business can become a member of the chamber. To join, you need to submit a written application to the board and pay a membership fee. Membership fees: the entry fee is the same for everyone; the annual fee depends on the company's turnover. To join, you need to fill out the application.
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Free-form description of the field of activity
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For which goods/services are you looking for export or import opportunities
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By joining the Baltic-Serbian Chamber of Commerce and Industry (BCSC) as a member, the member:
  • grants BCSC the right to distribute the member data provided in this application (and later updated) through all information channels available to the chamber;
  • consents to receiving newsletters, surveys, invoices, event information, and other communications from BCSC via electronic channels;
  • agrees to the terms of personal data processing and confirms the accuracy of the data entered.
I have read and understood the BCSC charter.
I agree to the terms of use specified above.
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Contacts
You can contact us by email: info@bcsc.ee
Feel free to reach out with questions, suggestions, or to get additional information.

Address: Nafta tn 1, Kesklinna linnaosa,
10120 Tallinn, Harju maakond
Phone: +372 5887 7632
Email: info@bcsc.ee

Address: Brīvības iela 158, Rīga,
Latvia, LV-1012
Phone: +371 29 545 538
Email: info@bcsc.ee
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