Profitable business activities in Montenegro for the Krkobabic family


Photo: PUPS

Podgorica based company “Jet Direct”, owned by family members the Serbian minister without portfolio for regional development and coordination of public enterprises Milan Krkobabic is expanding business and assets in Montenegro.

According to information of “Dan” daily newspaper, last year that company purchased a single-room apartment close to the Porto Montenegro marina in Tivat.

It is not entirely clear how much company representatives of the Krkobabic family paid for the apartment of 37 square metres in Tivat, but based on financial results submitted to the Tax Administration, one can conclude that this real estate is worth around EUR 55,000.

Balance sheets and profit and loss accounts of the company “Jet Direct” submitted to the Tax Administration also confirm that Krkobabic family has successful business in Montenegro. Thus, a total profit of the company, which has been increasing for years, was reported, and in December 2018 it was EUR 184,365.

Minister’s brother Nebojsa Krkobabic and nephew Marko Krkobabic own half of Podgorica based company. The second half belongs to Milutin Damjanovic, director of their Serbian company and Bojan Repic who is technical support representative in Belgrade based company “Jet Direct”.

Source: CdM

Photo: PUPS