Private security business: State and trends in Serbia

Abstract

Private security is a relatively new branch of economic activity. Some studies conducted in some countries have shown that the private security sector is constantly expanding. In this paper, the authors investigate the state and trends in private security in Serbia. Taking into account that private security is a social phenomenon, the phenomenon of private security in Serbia was studied by applying the methods of social and humanistic sciences. Based on data from the Ministry of Interior and the Serbian Business Register Agency, the authors come to the conclusion that private security in Serbia is also expanding. Although the authors started from the hypothesis that the growth of private security could also affect the growth of the economy, this hypothesis was not confirmed in this research. The positive state and trends of private security in Serbia represent an additional support for investments in Serbia.