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MK Group’s strategic investments in renewable energy and circular economy initiatives in Serbia

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MK Group will significantly invest in renewable energy projects, contributing to Serbia’s goal of increasing the share of renewable energy sources (RES) to at least 40% in the total energy mix by 2040, according to CEO Mihailo Janković. Speaking at the Kopaonik Business Forum’s panel on the path to energy transition, Janković emphasized that energy stability is a matter of national security and strategy.

MK Group has already constructed three wind parks in Vojvodina, and in May, they will inaugurate Krivaču, the first wind park in Eastern Serbia, with an investment of €165 million. Janković also mentioned ongoing efforts in building an agrosolar project in Kula. The company plans to invest a total of €900 million in renewable energy projects by 2026, aiming for one gigawatt (GW) of green energy.

Addressing the increasing global demand for electricity, Janković emphasized the importance of continuous investments. He highlighted the significance of green incentives to encourage further investments in new projects.

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Verica Teofilović, the Financial Director of MK Group, discussed examples of circular economy practices within the MK Agri-Food division during the “Reviving Circularity” panel. She presented a closed production system at Karneks, linking the sugar factory and biogas plant of Sunoko in Vrbas, and the synergy between the meat and sugar industries and primary agriculture at PIK Bečej.

Teofilović emphasized MK Group’s commitment to leading positive changes and being an example of good practice. Sustainable development is at the core of the company’s business strategy and philosophy, aiming to create value not only for the company but also for employees, business partners, and the wider community.

She mentioned the group’s efforts to minimize environmental impact while ensuring high-quality and efficient production. Teofilović highlighted the active contribution to sustainable development goals and the promotion of a circular economy, considering both financial and non-financial impacts, including environmental protection and social influence.

During the final day of the Kopaonik Business Forum, Jovan Purar, Director of Legal and General Affairs at MK Group, will participate in a panel on “Youth Calls for Action,” discussing the company’s social responsibility and programs aimed at the youth. Purar will also speak about the Miodrag Kostić Foundation and the future Science Palace, a research and science popularization center in Serbia, funded with a donation of €25 million from Miodrag Kostić to support young scientists and open new horizons for future generations.

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