Miodrag Kostic, President and Founder of MK Group, passes away

President and founder of MK Group, Miodrag Kostic (1959 – 2024), passed away today, on November 13, the company announced.

– During 40 years of his active professional career, he was a visionary and a business strategist who created one of the biggest business systems operating beyond Serbian borders, for which he became internationally recognized as one of the most influential leaders and most successful businessmen in Southeastern Europe – MK Group says.

The company reminds that, during his career, Miodrag Kostic achieved great success and pioneering endeavors in agriculture, tourism, green energy production and financial services, by which he positioned his companies as leaders in these areas.

Expansion of his business was followed by numerous socially responsible activities. As the crown jewel of his philanthropic activism comes the Miodrag Kostic Endowment, through which he gifted the Palace of Science to the Serbian people, as the biggest individual act of benefaction in our region since the beginning of the 20th century.

He withdrew from active role in the company 5 years ago. He passed on the strategic governance of the business system to his son, Aleksandar Kostic, Vice President of MK Group, and Chairman of the Management Board of AIK Banka.

Management of both companies, together with their employees, will carry on the vision of continuous growth and development paved by Miodrag Kostic, the company said.

MK Group d.o.o. Beograd

MK Group

Miodrag Kostić

Miodrag Kostić passes away