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Swiss textile company Albiro building a logistics centre in Užice

The Swiss textile company Albiro, which has recently acquired the Kadinjača textile factory in Užice, plans to establish a logistics centre in Užice that would cover the entire region, the company’s owner, Benedikt Schweighart, has said. “The company’s short-term goals are to stabilize the production, to expand our client base and launch new products. Our […]

Japan’s Nidec chooses Novi Sad to invest over two other European cities

The Japanese company Nidec, a producer of electric motors, has already opened a company in Serbia, as unofficially confirmed for B92.net. The arrival of this automotive giant has been announced in Novi Sad, and the company is allegedly to invest around USD 1.9 billion in the construction of the factory. As unofficially confirmed for B92.net, […]

Germany’s MTU to start building its factory in Serbia this year

Leading German aircraft engine manufacturer, MTU Aero Engines, will begin construction of its new repair facility at an industrial park near Belgrade’s Nikola Tesla Airport this year, with the opening scheduled for 2023, the EX-YU Aviation News portal reports. “This industrial park definitely has growth potential. It could well attract our suppliers and partners,” Rainer Becker, Project […]

The 10 mistakes that Italian entrepreneurs do in Serbia

We really learn only from our failures, because success, which is often the result of chance as well as its opposite, only strengthen our presumptions.  Therefore, also for what regards to investments in Serbia, especially planned by small and medium-sized companies, here is a shortlist of mistakes, superficiality, prejudices and unfounded optimism, that resulted in […]

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