How did Milan Radoicic’s company Inkop become one of the most profitable companies in Serbia?

Milan Radoičić and Zvonko Veselinović have been in the public spotlight these days because of their involvement with the police and courts.

Radoičić, the former vice-president of the Kosovo-based Serbian List political party, was charged by the Prosecutor’s Office with conspiracy to commit criminal offences, illegal production, possession, carrying and trafficking of firearms and explosive substances and serious crimes against general security, all related to the attack in the Kosovo village of Banjska, while Željko Veselinović gave a statement to the police yesterday, after the claims of inspector Slobodan Milenković that Veselinović allegedly secured a million euros for Milenković’s assassination, as well as the murder of inspector Dušan Mitić.

However, until now, they were better known as businessmen, i.e. as owners of companies in the construction sector that recorded fantastic business growth due to involvement in state-funded projects.

Their companies are engaged in projects such as the construction of the Preljina-Požega motorway section and the Iverak-Lajkovac and Požarevac-Golubac expressways, although both have been blacklisted by the US Administration in 2021.

On the list of the top 20 companies related companies with the highest profit, Veslinović and Radoičić’s company Inkop, based in Ćuprija, ranked 20th with 1.7 billion dinars in profit in 2020.

Inkop is the most important company in the business system of these two businessmen, in which they have a 40-percent-share each, while the remaining 20 percent is in the hands of Veselinović’s brother Žarko.

Through this company, they control several other companies. The most important of them is Novi Pazar Put, which is 100 percent owned by Inkop. There are also companies Dolly Bell and Betonjerka Aleksinac.

In 2022, according to the public financial reports, Inkop had revenues of 5.2 billion dinars, which is less than in 2021, when they amounted to 5.7 billion, but significantly more than in 2020, when the company generated 3.15 billion dinars.

The revenues of the Novi Pazar Put Company were somewhat similar, so last year the company’s revenue amounted to 5.2 billion dinars, in 2021 it was 5 billion, and in 2020 it was 3.2 billion dinars.

It is also interesting to note that since 2018, Inkop has recorded tremendous growth. In 2018, Inkop’s revenues amounted to 788 million dinars and the profit amounted to only 23 million dinars. In the following year, revenues jumped to 4.99 billion and profit to 1.84 billion dinars.

(Danas, 06.10.2023)

This post is also available in: Italiano

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