The Serbian state arms factory was created in the early 1900s with assistance from Fabrique Nationale. It has continued to function ever since, changing ownership with the political shifts of the area. Since 1989 it has had a stable presence in the English-language commercial market as 'Zastava Arms'. Today the company produces a complete range of hunting, sports and self-defense weapons. While mostly sold in the European markets, Zastava models have been sold in the US under the Charles Daly, and more recently, the European American Armory labels.
The M57 effectively a Serbian model of the Soviet military Tokarev TT-33 semi-automatic pistol.