economy
Privileged Arms Dealers Get the Cream
While three companies controlled by Slobodan Tešić, the favored arms dealer of the local authorities, collectively record absolute records in revenue, profit, and exports, despite a months-long export ban, state-owned arms factories are only in the black on paper, and realistically ended last year with a deficit of over 10 billion dinars.
TL;DR
- Three companies linked to Slobodan Tešić have set new records for revenue, profit, and exports.
- These companies achieved record results despite a multi-month ban on arms exports.
- State-owned arms factories reported paper profits but ended the year with a real deficit of over 10 billion dinars.