MK Group Celebrates 40 Year of Business Operations – New Investments Worth EUR 1.6 Billion Presented

MK Group has organized a celebration on the occasion of 40 years of successful business operations, under the slogan “Celebrating the Future – The Best Is Yet to Come”. The jubilee gathered a large number of guests from business and the public life of Serbia and the region, and considering the value that this company generates for the Serbian economy, the number of people it employs, but also the funds it sets aside every year for humanitarian and socially responsible activities, the attendees were addressed at the beginning of the celebration by the prime minister of Serbia, Ana Brnabic.

– On behalf of the Government of the Republic of Serbia and myself, I want to congratulate you on 40 years of successful work. Thank you for everything you have done in the past 40 years in Serbia and for Serbia, for bravely and successfully stepping outside the borders of our country and for successfully competing in the region and the wider region in this part of Europe and for thereby being one of the companies that is part of the economic representation of Serbia. Thank you for investing in children, in families, in education, thank you for being, in that sense, a partner of the Republic of Serbia that we can always rely on – emphasized Ana Brnabic, the prime minister of Serbia.

On behalf of the founder and president of MK Group, Miodrag Kostic, and himself, Aleksandar Kostic, the vice-president of MK Group, who has been running the company which today employs 4,000 people in the Adria region in the past five years, also talked at the event.

–The vision of Miodrag Kostic has been pushing MK Group for 40 years now. However, we would not be here today if not for the people who have put their careers in service of its development. That is why I especially thank all the employees. Together, we are pushing the boundaries and, with a new energy, we are developing the company’s vision for the next 40 years. I personally believe that great successes lie ahead of us and that the best is yet to come. That is why, in the year of the jubilee, we have decided to celebrate the future and present new projects and an investment cycle worth EUR 1.6 billion, which we will realize in the next 3 years. I also promise that, in a five-year period, we will set aside EUR 50 million for donations to the society and the communities we operate in – said Aleksandar Kostic, the vice-president of MK Group.

At the celebration of four decades of operations, MK Group presented new investments in food, energy, destinations, but also people of the future.

– By 2026, our investments in agriculture will amount to EUR 350 million. An investment of EUR 33 million in the alcohol factory in Kovacica, thanks to which Serbia will become an exporter of alcohol for the first time, stands out in particular. The majority of the investments, as many as EUR 900 million, will be set aside for green energy projects with a total capacity of 1 GW. The first project to be completed this year already is the wind farm Krivaca in eastern Serbia, and MK Group is also building two new wind farms and a biogas facility in Vojvodina, as well as the first agrisolar project in the Balkans. In the next 3 years, the company will invest EUR 380 million in tourism and real estate. After the opening of Petram Resort & Residences in Istria this summer, investments in our two Kempinski hotels in Croatia and Slovenia are to follow, but also investments in new projects in Serbia and the region – stated Mihailo Jankovic, the CEO of MK Group.

Aleksandra Stojanovic, the chief corporate affairs officer of MK Group, pointed out that the company was also celebrating the jubilee by gifting, through numerous socially responsible activities:

– We are proud of the 40 years which have brought MK Group to the position of one of the most successful companies in this part of Europe. We are especially proud that, in the year of the jubilee, we have raised the standards of corporate management, adopted an ESG strategy, and that we are finalizing donations to over 20 kindergartens in the region.

The forty years of MK Group are a result of extraordinary work, dedication and synergy of all the employees of the company, but also of the fostering of good relations and cooperation with business partners, local communities and numerous institutions throughout all these years.

MK Group d.o.o. Beograd

Vlada Republike Srbije

Ana Brnabić

Miodrag Kostić

Aleksandar Kostić

Mihailo Janković

Aleksandra Stojanović

alcohol factory in Kovačica

green energy projects

wind farm Krivača

biogas facility in Vojvodina

Petram Resort and Residences

Kempinski hotel