business sector

Serbia’s Large Companies Generate Half of Business Value Despite Making Up 0.6% of Firms

Serbia’s non-financial business economy is heavily concentrated among a small number of large enterprises, which account for a disproportionately large share of economic value despite representing only a fraction of the country’s corporate population. Large companies make up just 0.6% of all enterprises, but generate 50.4% of total gross value added (GVA) and 42.2% of overall turnover, according to the latest enterprise-size data from the Statistical Office of the Republic of Serbia. The figures underline the weight carried by Serbia’s…