Almost a third of Serbian companies have no employees

Last year, nearly a third of companies in Serbia, or 31,465 in total, had no employees, reports, referring to data collected by the regional credit rating company CompanyWall.

Most of these enterprises are in wholesale and retail trade (9,578), manufacturing (4,820), professional, scientific, innovative and technical activities (3,892) and construction (3,234).

While compared to 2019 the number of companies without a single employee in the wholesale, retail and processing sector has decreased, it increases significantly in construction, where there are 50 more compared to the previous year. Similar growth is observed in agriculture and real estate.

More than 99% of enterprises without workers are micro-enterprises (31,188 of them). Their business income can be up to 700,000 euros and the value of the company’s assets up to 350,000 euros.

Belgrade economics professor Dr Milojko Arsić claims that some of the companies that officially have no employees operate in the underground economy. “I am sure there are such companies among those 31,000. But, it is difficult to estimate their approximate number,” said Dr Arsić.

He assumes that if a company says it has no employees, it probably wants to reduce its payroll tax or avoid paying it altogether.

(Danas, 07.21.2021)

This article is also available in: Italiano

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