The Coca-Cola System creates €225 million value added in the local economy, or 0.7 per cent of GDP, while every job at the company supports 11 additional jobs in the economy. Every euro created by the System supports an additional €7 of value added in the Serbian economy, in the form of employees’ salaries, profit of companies and tax revenues from the Coca-Cola System and the companies with which it cooperates, according to the results of the latest “Socio-Economic Impact of the Coca-Cola System in Serbia” study, presented in cooperation with the Chamber of Commerce & Industry of Serbia.
Serbia’s budget earns a total of €9 million in direct tax revenues from the Coca-Cola System, while as much as €139 million in tax revenues are supported in the System’s total value chain, equivalent to 1.1% of the country’s total tax income. The System employs 1,000 people directly and supports another 10,700 jobs throughout its value chain, for a total of 11,700 jobs.
“This study confirms that we accomplish successful business operations and provide a contribution to the economy, thanks to our exceptional cooperation with partners, employment of the local labour force and investments in the community,” said Aleksandar Ružević, General Manager of Coca-Cola HBC Serbia.