MK Group to invest EUR 500 million by 2025 – Plan includes increase of production and exports in agrarian sector, number of rooms to double in tourism

By 2025, MK Group will invest EUR 500 million in the agrarian sector, banking and tourism in Southeast Europe, it was announced in Belgrade at the celebration of the company`s 35th anniversary.

The company has gone from being a small commerce business with three employees to a system of 75 member-companies and 7,000 employees which operates in the markets of Serbia, Slovenia, Croatia and Montenegro. MK pays EUR 109 million to Serbia`s budget in taxes and contributions annually.

MK Group`s total investments amount to EUR 1 billion so far.

– In the agrarian sector, we plan an increase in the production and exports, whereas, in tourism, we expect to have 5,000 rooms under our management, and we are halfway through – Dusan Radicevic, the financial director of MK Group, says and adds that they will keep focusing on the region in the banking sector.

Radicevic reminds that, in the past period, they have opened Hotel Sheraton in Novi Sad, become the majority owner of the Portoroz Airport and increased their stake in Gorenjska Banka.

– We are now finalizing the strategic decision on the merging of our member-companies MK Commerce and Agroglobe. We are determined to strengthen our leading position in our key areas of operation in Southeast Europe in the upcoming years – he said. MK Group has 30,000 subcontractors and indirectly employs 200,000 people.

S. S.

MK Group d.o.o. Beograd

Agroglobe d.o.o. Novi Sad

MK Commerce d.o.o. Novi Sad

MK Group investments

Dusan Radicevic