Thursday, 30th October 2025

EPS, Telekom, and NIS Dominate Serbia’s 2023 Economy

Top companies drive Serbia’s economic growth with increased revenues, profits, and workforce expansion in 2023

Elektroprivreda Srbije (EPS) ranked as Serbia’s top economic entity in 2023, leading in profitability, revenues, and financial capacities, despite holding the largest cumulative loss, according to the Serbian Business Registers Agency (APR).

It was followed by Telekom Srbija and Naftna Industrija Srbije (NIS), which also ranked high in assets and capital.

Serbia’s economic entities reported a 5.1% revenue increase, reaching 5.82 trillion dinars, with net profit rising 65.6% to 452.64 billion dinars. Employment also grew by 5,418 workers, totaling 331,551. Delta Holding retained the most affiliated entities (67), showcasing strong consolidation trends across major economic players.

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Photo sourceEPS/multimedia

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