The pandemic of Covid 19 may have started in 2019, but in 2021, the world faced health crises that will have lasting and immeasurable after effects across the health care, social and economic spectrum. The pandemic of Covid 19 has changed the world and brought many socio-economic changes on the global level, endangering the economies of the world, as well the economy of our country and nearby countries. The Republic of Serbia, as well as the nearby countries, tries to employ all the possible solutions and measures to lessen the economic aftereffects of the pandemic of the virus. The countries have started using a wide variety of restrictive measures, so they can control, prevent and end the pandemic and the measures have been different: sometimes the country borders have been closed, the interstate traffic was limited, there was a quarantine in some of the countries and even a curfew. The measures that Serbia has taken and is still taking - as well as nearby countries - (Croatia, Bosnia and Hercegovina, Northern Macedonia and Montenegro), will have lasting results because they have prevented the drastic economic downfall. How will the downfall be described and whether or not it was the real feel of the individual, we will find out in this research and the comparison of the stock indexes in our country and the nearby countries.