Concession of Nikola Tesla Airport to Vinci

Category: Money and deals

Period: from 10 Feb 2017

Outcome: No one investigated (as of 17 Jan 2024)

In 2018, the Government of Serbia granted a 25-year concession for Belgrade's "Nikola Tesla" Airport to the French company Vinci Airports for a one-off fee of €501 million, even though the airport had been profitable before then. The contract has never been published: the Government and ministries withheld the concession act and the feasibility study, and the concessionaire's obligations were declared a business secret. Transparency Serbia is suing state bodies over the concealment of the contract, and the sources found contain no data that any prosecuting authority has investigated the concession.

The tender and the contract with Vinci

In February 2017, the Government of Serbia and Nikola Tesla Airport launched an international tender for the concession of Belgrade airport. In January 2018, the Government chose the bid of the French company Vinci Airports (Vinci), and on 22 March 2018 the Minister of Construction, Transport and Infrastructure Zorana Mihajlović signed the 25-year concession contract on behalf of the Government.

In December 2018, Vinci paid a one-off fee of €501 million, of which €417 million went to the state and €84 million to minority shareholders, and took over management of the airport; the state remained the owner.

A profitable airport given in concession

Critics pointed out that the airport was profitable before the concession, with a profit of about €28–30 million in 2017. President Aleksandar Vučić, as prime minister in late 2016, said that the state was "able" to invest in the airport on its own, and later presented the price of €501 million as a success exceeding expectations.

The number of passengers rose from 5.34 million in 2017 to 8.9 million in 2025.

The contract that was not published

The contract has never been published, even though Prime Minister Ana Brnabić and Finance Minister Siniša Mali announced its publication several times. The Government and ministries withheld the concession act and the feasibility study, and for that reason Transparency Serbia has sued the Government before the Administrative Court since 2017. According to Transparency Serbia, the court ruled that the Government must act on the request, and the Government then rejected the request by decision. The Ministry of Construction withheld the study, first citing security and then claiming it did not exist. In 2023, the Ministry of Finance replied that the concessionaire's contractual obligations were a business secret.

The sources found contain no data that any prosecuting authority, the State Audit Institution or the Anti-Corruption Agency has investigated the concession.

Government working groups for the concession

According to the official biography on the website of the Ministry of Construction, Transport and Infrastructure, Aleksandra Sofronijević, State Secretary since 2014 and minister in that ministry since 2025, was a member of the Government Working Group for the selection of the concessionaire. After the selection of Vinci, she became a member of the Working Group for monitoring the concession for Nikola Tesla Airport. The biography does not say when the groups worked or who their other members were.

Niš airport and Subotić's land

According to Insajder, after the concession the Niš airport was transferred to the state, with a cap on the number of passengers in Niš until Belgrade reaches 12 million; Minister Zorana Mihajlović denied this.

KRIK and OCCRP reported that Vinci paid €47 million for land for the airport's expansion to a company of businessman Stanko Subotić, more than four times the Government's internal estimate.

Participants

  • Aleksandar Vučić: After the payment he said the process had been "clean and transparent", and in late 2016 that the state could invest in the airport on its own (commented on the case)
  • Zorana Mihajlović: She signed the concession contract on behalf of the Government in 2018, and rejected claims that the transfer of the Niš airport had anything to do with her (commented on the case)
  • Ana Brnabić: In December 2017 she promised that the contract and annexes would be made public, and after the signing she announced publication by the end of September 2018; this did not happen (commented on the case)
  • Siniša Mali: In September 2018 he said the contract with Vinci would be published by the end of the year, but it was still secret in 2019 (commented on the case)
  • Goran Vesić: He criticised Vinci over slow baggage handling and staff shortages and said Serbia had met its obligations (commented on the case)
  • Rodoljub Šabić: He said the public does not know the contract, although it was announced as public, and that there is no reason for the study to be secret (oversight and the public)
  • Stanko Subotić: His company sold Vinci two plots next to the airport for €47 million, four times the government's valuation (responsible)
  • Dragan Đilas: Claims the tender was rigged and that the unpublished contract hides the profits of people close to Vučić (oversight and the public)
  • Government of the Republic of Serbia: It refused to publish the concession act and the feasibility study, declaring them classified, and the contract with Vinci was never published (responsible)
  • VINCI Airports (Vinci Airports Serbia d.o.o. and Belgrade Airport): It won a 25-year concession for the airport and paid Stanko Subotić's company four times the valuation for land (responsible)
  • Ministry of Finance of the Republic of Serbia: It told Transparency Serbia that all data on the concession are classified and that the concessionaire's obligations are a trade secret (responsible)
  • City of Belgrade / City Administration: According to Insajder, it gave up the airport's car park and garage without compensation (harmed)
  • Nikola Tesla Airport a.d. Belgrade: State-owned joint-stock company that owns the airport; it receives an annual fee from the concession (harmed)
  • Transparency Serbia: It sued the Government in the Administrative Court for refusing to provide or publish documents on the concession (oversight and the public)
  • Ministry of Construction, Transport and Infrastructure: Withheld the concession feasibility study from Transparency Serbia, first citing security and then claiming it did not exist (responsible)

Sources

  • N1: Mihajlović: Good bids for the airport, decision soon: 21 Dec 2017
  • Radio Slobodna Evropa: Brnabić: Airport concession to bring one and a half billion euros: 6 Jan 2018
  • N1: Brnabić: We will get one and a half billion euros from the concession: 6 Jan 2018
  • N1: Concessionaire must meet conditions before the concession begins: 23 Mar 2018
  • Radio Slobodna Evropa: Authorities silent on the Belgrade airport takeover: 9 Oct 2018
  • Insajder: Airport concession contract signed: 22 Mar 2018
  • 021.rs: 25-year airport concession contract signed: 22 Mar 2018
  • N1: Vinci pays €501 million, takes over running the airport: 21 Dec 2018
  • N1: Vinci pays €500 million for the airport: what will the state do with the money: 23 Dec 2018
  • Danas: Will the concession contract be published?: 22 Mar 2018
  • N1: Belgrade airport handled 5.3 million passengers in 2017: 3 Jan 2018
  • N1: Bušatlija: Only formal details of the concession contract: 28 Apr 2018
  • N1: TS sues the Government for withholding concession documents: 26 Jun 2017
  • N1: Nikola Tesla Airport concession: a lawsuit and the Government's silence: 14 Mar 2018
  • N1: Airport awaits a concessionaire: avoiding Zagreb's fate: 8 Dec 2017
  • Danas: Šabić: Airport concession contract is not known: 27 Mar 2018
  • N1: Vinci has not yet taken over the airport, and the contract is still unpublished: 6 Oct 2018
  • Danas: Why is the Nikola Tesla concession contract delayed?: 4 Oct 2018
  • 021.rs: Despite promises, Belgrade airport concession contract still secret: 6 Jan 2019
  • Vreme: Records for Belgrade airport, but the Vinci contract is still kept hidden: 17 Jan 2024
  • N1: TS: Belgrade airport concessionaire's contractual obligations a trade secret: 23 Jun 2023
  • N1: The French love concessions and waste: the biggest French investments in Serbia: 2024
  • Vreme: Concession contract for Nikola Tesla Airport: "An unprecedented scandal": 14 Aug 2022
  • N1: Minić: Niš airport one more reason to publish the concession: 2 Apr 2018
  • Insajder: "We Won't Give Up Niš Airport" initiative: the state's promised investment in the airport has yet to come: 24 Jan 2019
  • Danas: Mihajlović: Nobody is going to tuck the airport under their arm and carry it out of Niš: 2 Apr 2018
  • Danas: And so the airport is gone: 24 Dec 2018
  • Biznis.rs: Nikola Tesla Airport company nearly doubled its profit compared with 2023: 1 Feb 2025
  • KRIK: Subotić to earn at least €28 million from the airport concession: 18 Oct 2018
  • OCCRP: Biznismen zaradio 47 miliona za zemljište kod beogradskog aerodroma, pa postao partner advokata čija je firma savetovala posao: 31 Mar 2021
  • KRIK: Subotić's links to the airport concession: €47 million and a company with a lawyer whose firm advised the Government: 31 Mar 2021
  • Danas: Costs eat up the concession revenue: 12 Dec 2019
  • Danas: Belgrade airport concessionaire posted a €6.9 million loss in 2023: 5 Apr 2024
  • Biznis.rs: How much was the concession fee paid to Nikola Tesla Airport increased in 2026?: 31 Jul 2026
  • Biznis.rs: Attractive price sells out Nikola Tesla Airport shares: 20 Feb 2026
  • Biznis.rs: Belgrade airport handled a record 8.4 million passengers in 2024: 17 Jan 2025
  • Biznis.rs: Belgrade as the main flight hub in Southeast Europe: 21 Jan 2026
  • Biznis.rs: Belgrade airport handles about 7.3 million passengers in nine months: 20 Oct 2026
  • N1: Belgrade "Nikola Tesla" Airport sums up its results: Eight years since the concession contract was signed: 22 Mar 2026
  • N1: Đilas: Chaos at Belgrade airport is the result of a damaging concession contract with France's Vinci: 21 Jan 2024
  • Ministarstvo građevinarstva, saobraćaja i infrastrukture: Minister of Construction, Transport and Infrastructure: 4 Nov 2026
  • Transparentnost Srbija: A new sorrow will make the old pain pass: 4 Oct 2021