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Swiss company Etampa opens a factory in Krusevac – clients include Ferrari, Porsche, Bugatti
Swiss stamping and fineblanking company Etampa officially opened a factory in Krusevac, in eastern Serbia, the Krusevac city government said. The factory will have an annual production capacity of 280 million parts for the automotive electronics (Ferrari, Porsche, Bugatti), construction and medical technology industries, the city government said in a press release on Tuesday. The […]
China’s Haitian to open a 250,000sqm production complex in Ruma
The Chinese company Haitian Machinery will build a factory complex for the production of industrial injection machines and cutting and casting machines in Ruma, Vojvodina. The complex will span 250,000 m2, and the production of a total of 250 machines a year is planned, as shown in the project’s draft, prepared by the Belgrade-based company Masinoprojekt […]
How much do foreign investments affect Serbian economy?
In 2022, foreign investments amounted to over 4 billion euros, but this sum makes up only five percent of Serbia’s gross domestic product, while every fourth Serbian employee works for a foreign company. Most investments in Serbia come from the European Union, the National Bank of Serbia’s data show. Among foreign-owned companies that opened in […]
Bosch opens a new production unit in Pećinci
Bosch has officially opened a new production unit in the comfort actuators factory in Pećinci, that will produce car window lifters. “With this special milestone, we are creating new jobs,” said Jorg Kretzschmar, the Pećinci plant manager. The new production unit will employ 300 workers. “The opening of a new production unit means that we […]
Review of the biggest telecoms and IT investments in Serbia in 2022
At the end of last year, the Serbian Prime Minister, Ana Brnabić, said that Serbia’s export of IT products and services would exceed EUR 2.5 billion in 2022, of which Serbia’s surplus will be over EUR 1.5 billion, and that in the same year, every second advertised new job was in IT sector. Of all […]
Austrian company Palfinger to build a factory in Niš
The Austrian factory Palfinger plans to start building a production plant in the southern town of Niš in 2023, says the city councillor Nenad Stankovic. Palfinger has obtained 7 hectares of state land for this purpose, located in close proximity to the Zumtobel factory. “The company wants to build a machine parts factory and employ […]
EUR 180mln worth of investments in automotive industry
After the news broke that companies Rivian and InoBat will open their branches in Serbia, the Ministry of Economy announced a series of investments in the automotive industry that were contracted in December and should create over 400 new jobs in four locations. A total of 420 people will be employed as a result of […]
Russia’s Siberian Wellness takes over Serbian cosmetics producer Dahlia
The Russian company Siberian Wellness, which produces health, sports and beauty products based on wild Siberian plants, has become the new owner of the Dahlia Company, which produces the Becollino and Hera brands and the legendary Brion shaving lotions and skin care products. The agreement worth EUR 15 million includes the value of the land, […]
Vučić to attend inauguration of Toyo Tires’ new factory in Inđija
Serbian President Aleksandar Vučić will attend today the inauguration of the tire factory of the Japanese company Toyo Tires in Inđija. The Japanese company said earlier said that Toyo Tires and Nitto brands will be produced at the Inđija factory. The opening ceremony will also be attended by the CEO of Toyo Tires Corporation, Takashi […]
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