Europe > Southern Europe > Serbia > Serbian Public Companies Among Central Europe’s Big Earners

Serbia: Serbian Public Companies Among Central Europe’s Big Earners

2014/09/10

Although the vast majority of national-owned companies in Serbia are deficit-makers, Deloitte’s new statement showed that in terms of the majority successful companies in the country, firms in which the national holds a stake are ahead of private businesses.

This year's inventory of top 500 companies from Central Europe, based on their sales revenues in 2013, includes ten companies from Serbia, two additional than the last year.

With 2.29 billion euro revenues in 2013, Petroleum Industry of Serbia, NIS, which is majority owned by Russia’s Gazprom with the national holding just over a quarter of the stock, is the best-ranked and holds 63rd place in the in general 500.

The second best-ranked Serbian company is Serbian Electric Power Industry, EPS, which was ranked 85th, while the third-ranked is Fiat in 115th place.

Fiat, which received subsidises from Serbian government at the same time as entering the country, made the Deloitte inventory for the initial time.

The fourth on the inventory is Delhaize Serbia, a private company that owns the chain of popular Maxi supermarkets, and was ranked 228th in general. Delhaize is followed by private energy trading company EFT Investments, which was ranked 261st in general.

EFT Investments showed a significant drop from the last year at the same time as it was ranked 61st.

The sixth company from Serbia on this year's inventory is national-owned Srbijagas, in 387th place, followed by private companies Tarkett Backa Palanka in 418th, supermarket chain Mercator-S in 427th, and Idea Belgrade in 490th.

This year, 42 companies from Serbia, Croatia, Macedonia, Slovenia and Bosnia and Herzegovina made Deloitte’s inventory, but none from Kosovo or Montenegro.

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