January 22 (SeeNews) - Serbian diversified conglomerate MK Group plans to invest 500 million euro ($568.1 million) in Southeast Europe (SEE) in the next five years, the president of the group, Miodrag Kostic, has said.
The company is interested in all markets of the former Yugoslavia, Kostic said in a video file posted on the website of Serbian news agency Tanjug on Monday.
MK Group is currently the leader in Serbia's hotel and agriculture sectors and also operates the most profitable bank in the country, AIK Banka, Kostic said.
In June, Kostic said MK Group has a significant interest in the hotel industry and expects the hospitality sector to become one of the most important segments of the group's operations in the future. Moreover, the group sees significant investment opportunities in the banking sector, as the process of digitisation brings optimisation of costs, while some banks are not prepared to develop it, Kostic said back then.
Established in 1983, privately-held MK Group comprises 29 companies active in agribusiness, wholesale, real estate and banking.
($ = 0.880102 euro)