economy
February 10, 2026
“It turns out we slaughtered a boar for one burger”: Delez sued Serbia over margin limits, experts point to numerous failures
The decree on limiting margins, which caused a lot of public dispute, has opened a new chapter of "conflict" between the state and large retail chains – "Ahold Delez" has initiated arbitration against Serbia, and experts warn of the malfunctioning of institutions and possible long-term consequences for the investment climate.

TL;DR
- Ahold Delez has filed an arbitration case against Serbia at ICSID over government-imposed margin limits.
- The company claims the regulations have caused significant losses, leading to 25 store closures and halted investments.
- Delez asserts that constructive dialogue with Serbian authorities did not yield a resolution.
- Consumer protection advocates view the lawsuit as a "fight for profit" against Serbian citizens.
- Experts criticize the Serbian Competition Protection Commission (KZK) for perceived inaction, suggesting it contributed to the need for government decrees.
- Economists warn that Serbia may "get the short end of the stick" and that the situation could deter future investments.
- The government's decree is seen by some as politically motivated rather than serving business or consumer interests.
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