Finance

Only Five Serbian-Owned Agro-Industrial Firms Enter Serbia’s Top 100 by Revenue

Only five domestically owned agro-industrial companies ranked among Serbia’s 100 largest businesses by operating revenue in 2025, according to the Business Registers Agency (APR), highlighting the limited scale of Serbian private capital in large manufacturing operations. Imlek, Delta Agrar, Elixir Prahovo, Gebi and IM Matijević generated approximately €1.31 billion in combined annual operating revenue, equivalent to 2.6% of the roughly €50 billion recorded by the country’s 100 largest companies. The ranking reflects a corporate landscape in which foreign-owned manufacturers, state-controlled…