Mercator: 70 pct revenue increase in Serbia

The Slovenian Mercator Group has announced turnover of EUR 344mn in Serbia in 2007, an increase of 70 percent.

Izvor: Beta

Thursday, 28.02.2008.

13:23

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The Slovenian Mercator Group has announced turnover of EUR 344mn in Serbia in 2007, an increase of 70 percent. At a news conference in Ljubljana, Mercator representatives said that the Serbian market accounted for 14 percent of the company’s sales, second only to the Slovenian market itself, where sales amounted to EUR 1.7bn. Mercator: 70 pct revenue increase in Serbia Mercator has an eight percent share of the Serbian market, which, according to the company’s strategic plans, it seeks to increase to 15 percent by 2010. The company holds a six percent share in Croatia and 2 percent in Bosnia-Hercegovina, which they hope to increase to 15 and 10 percent respectively by 2010. Mercator now employs 3580 people in Serbia, having created a further 260 new jobs since the turn of the year. The company plans to create 720 new jobs altogether this year. In response to a journalist’s question on the impact of the political situation on the company’s dealings, Mercator-Serbia CEO Stanka Curovic said that Mercator “stayed out of politics.” Mercator director Ziga Debeljak said that the company believed that the situation in Serbia would stabilize quickly, and that their planned activities would continue. Asked by a journalist whether he had been among the managers who had asked the Slovenian government to be mindful of economic interests when deciding whether to recognize Kosovo, Debeljak replied that he was on the board of directors of that management association.

Mercator: 70 pct revenue increase in Serbia

Mercator has an eight percent share of the Serbian market, which, according to the company’s strategic plans, it seeks to increase to 15 percent by 2010.

The company holds a six percent share in Croatia and 2 percent in Bosnia-Hercegovina, which they hope to increase to 15 and 10 percent respectively by 2010.

Mercator now employs 3580 people in Serbia, having created a further 260 new jobs since the turn of the year. The company plans to create 720 new jobs altogether this year.

In response to a journalist’s question on the impact of the political situation on the company’s dealings, Mercator-Serbia CEO Stanka Čurović said that Mercator “stayed out of politics.”

Mercator director Žiga Debeljak said that the company believed that the situation in Serbia would stabilize quickly, and that their planned activities would continue.

Asked by a journalist whether he had been among the managers who had asked the Slovenian government to be mindful of economic interests when deciding whether to recognize Kosovo, Debeljak replied that he was on the board of directors of that management association.

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