Valjevo Brewery

Valjevska Pivara (Serbian: Ваљевска Пивара), or Valjevo Brewery, is a Serbian brewery based in Valjevo.

Valjevska Pivara

Official logo
Native name	Ваљевска Пивара
Company type	d.o.o.
Industry	Beverages
Founded	28 February 1952; 73 years ago (1952-02-28) First founded in 1860
Headquarters	Valjevo , Serbia
Area served	Serbia
Key people	Aleksandar Rajevac (Director)
Products	Beers, soft drinks, vinegar and yeast
Production output	100,000 hl (2015)
Revenue	€4.24 million (2018)[1]
Net income	(€0.49 million) (2018)[1]
Total assets	€8.48 million (2018)[2]
Total equity	€7.90 million (2018)[2]
Owner	Government of Serbia (100%)
Number of employees	197 (2018)
Website	valjevskapivara.rs

History

The origins of Valjevska Pivara trace back to 1860 and in current form it operates since 28 February 1952.^{[citation needed]}

In 2003, Valjevska Pivara was sold to consortium "Atlas Grupa" for 22 million dinars.^[3] In July 2010, the company went into bankruptcy procedure due to insolvency and in January 2011 the Government of Serbia took over it by converting its debts to shares.^[3]

As of February 2016, Valjevska Pivara was the sole government-owned brewery in Serbia that operated positively,^[4] although it has minor market share compared to Carlsberg Srbija, Apatin Brewery and Heineken Srbija.

In October 2018, the Ministry of Economy of Serbia auctioned Valjevska Pivara for 7.05 million euros, but there were no interested parties.^[5] On 17 January 2019, in a second auction, the brewery was sold for 3.5 million euros to the Serbian newly established company "Brauerei Group".^[6]