A third of companies in Serbia HAS NO WORKERS, yet revenues amount to MILLIONS
Almost a third of companies in Serbia operate without workers, and their total business revenues in 2020 amounted to more than RSD 150 million.
Most of the companies without any employees deal with wholesale and retail trade, and they are followed by companies in the fields of processing industry, science, expert, innovation and technical activities.
According to the reports of the Business Registers Agency, companies without employees are mostly micro-sized, 31,188 of them, so they constitute 99.1 percent of the total number (31,465). There are significantly fewer small companies – 249, while there are 20 medium and eight large ones.
Their total business revenues in 2020 amounted to RSD 152,646,806. Since some of these companies have significant earnings, this can be a signal for possible operations in the grey economy sphere.
Dragoljub Rajic, a consultant to the Business Support Network, says that there are several reasons why companies without workers or with only one employee have been established in Serbia for a number of years.
„Instability in business and financial problems of many large companies led the owners to open additional smaller companies, in order to be able to continue to work and keep clients, who will always rather pick to cooperate with a smaller company, because the service is 20 percent cheaper, since they do not have to pay the VAT included in the invoice.“
Izvor: Politika
Foto: Pixabay
