CFO Association of Serbia (CFOAS) is the only business association that gathers Financial Directors in Republic of Serbia. The association was founded in 2014 in Belgrade, with the aim of connecting financial directors, encouraging their professional development and strengthening their operations in Republic of Serbia.


CFOAS  members manage finances in companies that generate € 5 billion of revenue and employ 46,000 people.


The President of CFOAS is Milan Bukumirovic, Global Supply Chain Controlling Director, Swarovski Switzerland, and members of CFOAS are financial directors of companies such as: Ikea, Philip Morris International, Ringier Axel Springer, LIDL, Carlsberg, Swarovski, Adecco, Porsche SCG, Volvo, DHL Global Forwarding, Novo Nordisk Pharma, Henkel Srbija, Strauss Adriatic, Asseco SEE , Luxury Tannery, Publicis One, OTP Banka, NIS group, Crowne Plaza, Halkbank, Milšped, Delta DMD, Unisol Group, P.S. Fashion Design, NORMA Grupa Jugoistočna Evropa, Hutchinson, Atlantic brands, Telenor banka, DEVTECH, Aliplast aluminium systems, Vip mobile, CBS International (deo Cushman & Wakefield grupe) Mercator S, Bambi, Nectar Group, Nelt, Knjaz Miloš Natura, , Karin Komerc MD, Avala ada, Hauzmajstor, Kappastar Group, Koteks Viscofan etc.

In addition to regular monthly meetings, members take part in many relevant events in the field of finance in Serbia, region and Europe

To fulfill its aims, CFOAS also:

  • publishes articles on issues related to economic and financial field
  • cooperates with the Tax Administration, Ministry of Finance, Foreign Exchange Inspectorate, Chambers of Commerce and other institutions and organizations related to economic – financial field
  • exchanges best practices and develops expertise in financial and economic field
  • continuously invests in networking


MISSION | We improve corporate finance

VISION | Through the power of the profession we create a better business environment