Revenue of fast-growing companies in Serbia is 19.5 billion, export 3.4 billion euros

Revenue of fast-growing companies in Serbia is 19.5 billion, export 3.4 billion euros

More than 4,000 fast-growing companies employ over 200,000 people, including CarGo as the first ‘super application’ in Southeast Europe

Fast-growing companies in Serbia in 2019 generated revenue of 19.5 billion euros, a profit of 1.17 billion euros, while exports amounted to 3.4 billion euros, according to a study by the “100 largest in Serbia” project.

“In the coming months, we will do our best to highlight the positive stories of fast-growing companies, their strategies and keys to success. We will try to convey their messages through online panels and discussions, present positive practices, but also the possibilities and potentials for further growth of these companies, and thus the Serbian and regional economy. On this occasion, I invite all companies to follow us and join because we all have a common goal – and that is economic recovery due to the great economic crisis caused by coronavirus.“, she pointed out Ivana Prvanović, director of the “100 Greatest” project in Serbia.

One of The best example of rapid growth is CarGo Technologies, whose domestic software solution has conquered the market in Belgrade in a short time and whose experience and business model can be useful for the entire economy in the country.

“We are proud because this important project has recognized us as an example of a fast-growing company. I would especially point out that it is CarGo is actually the first ‘super app’ in Southeast Europe. Essentially, this means that our operating system serves as a platform for multiple services that exist within a single umbrella application. We have recently expanded the service with a new service – CarGo Butler, for ordering food from restaurants, and we will soon expand with another revolutionary service, and not only for our market.“, he stated Vuk Guberinić director and founder of CarGo Technologies.

The crown of the project will be the publication “100 biggest”, which will for the first time rank fast-growing companies, but also provide analyzes of industries, with rankings of the best in each of them, in collaboration with CubeTeam.

Marko Radojicic Director of CubeTeam, analytical partner of the project “100 largest in Serbia”, said that of the total number of companies that submitted final accounts, 2.2 percent fast-growing, but that it is 4,373 fast-growing companies employed more than 204,466 people.

The criterion for ranking companies is seen through the growth of income and the number of employees in the previous three years. The positive profit in the current year was also taken into account, as well as the growth at a complex annual growth rate of 10% and more. Official APR data were used for companies that submitted final accounts.

You can find more information about fast-growing companies HERE.

Source: BIZLife

Photo: Promo