MK Group Plans to Invest EUR 500 Million in the Region

By , 23 Jan 2019, 14:15 PM Business
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Novi Sad, January 21, 2019 - In line with its strategic focus, MK Group continues to invest in the sectors of agriculture, banking and tourism in Southeastern Europe and plans to invest an additional 500 million euros in this area over the next five years, as a celebration of 35 years of business, highlighting the successful results achieved by the company during over three decades of existence

When we founded the MK Group, we had three employees, and now that number is 7,000 people. All of them are responsible for the success we have achieved, for all the opportunities and chances that have turned into successful results," said Miodrag Kostić, president of the MK Group and added that one of the greatest successes in the past is the fact that during all 35 years the company remains a reliable partner.

"During 35 years of business our company has remained a reliable support for its employees, associates, partners, but above all for 74 local communities in which we work. Thanks to this approach, one domestic company has become a regional leader in agriculture, banking and tourism, on which, you agree, we can all be proud of," concluded Kostić.

Dušan Radičević, financial director of MK Group, reviewed the results achieved in the past and plans for the future: "In the past year, we opened the Sheraton hotel in Novi Sad, we became the majority owner of Portoroz airport, we increased the shares in Gorenje Bank, and are now closing the strategic decision to merge our company members, MK Commerce and Agroglobe. We are very determined to strengthen the position of the Southeast Europe leader in the years to come, in the key areas of our business. Since our foundation, we have invested a billion euros in business, and how far our plans for the future are ambitious, is shown by our intention to invest an additional half a billion euros in agriculture, banking and tourism in Serbia and the region for the next five years."

Serbian Chamber of Commerce President Marko Čadež, who attended the celebration, pointed out that MK Group best contributes to the growth of the Serbian economy:

"MK Group is not just a company that secures salaries for 7,000 employees every month, work for another 200,000 people and hundreds of other partner companies, which pays 109 million euros in taxes and contributions annually and as the largest exporter of our agriculture, strongly contributes to Serbian performance on the international market. It is also a regional leader in the areas in which it operates. The MK Group, with its 75-member companies, is the best proof that Serbia has large business systems able to participate with the strongest competition, investing seriously both at home and abroad, and successful businessmen who are strategically thinking of investing in expansion, modernization and boosting business efficiency, strengthening the positions of their companies and the Serbian economy in the region and the world. "

Miljan Ždrale, EBRD Regional Director for the Agribusiness Sector in Central and South-Eastern Europe, emphasized that MK Group is a reliable partner and associate.

"Companies such as the MK Group represent important drivers of economic and business growth in the Adriatic region's markets. Through our cooperation, we have come to realize that MK Group is developing thanks to the significant improvement of the corporative management, which is one more quality compared to some companies that rely solely on the management of one man. From everything we have gone through with MK Group Management, I am confident that they will expect even better results in the future. Out of this benefit will certainly have about 30,000 cooperators, who together with MK Group handle 265,000 hectares of cultivable areas. I look forward to the new MK Group projects in the future, and I wish them a lot of luck in their future business, "said Ždrale.

During the celebration of this significant jubilee, MK Group's new visual identity and values, as well as managers of all the divisions that operate within the MK Group system, were presented.

Text by PROMO, on January 22nd 2019, read more at Vijesti

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