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Geox’s escape from Serbia: a lesson for all Italian companies
The closure of the Geox factory in Vranje, with the subsequent dismissal of 1,200 workers, is not only a heavy socio-economic blow to one of the most remote and least developed areas of the country, but also a blow to the credibility of Italian entrepreneurs in Serbia. This time it was not the attempt of […]
Geox got twice as many subsidies than it paid taxes
For years, economic experts have been demanding from the state authorities to analyse the effects of attracting foreign direct investments but the authorities have failed to provide a detailed answer. Following the news that the Italian footwear manufacturer Geox has decided to leave Serbia and will probably relocate production to one of the neighbouring countries […]
Vucic, Rama and Zaev agree on open borders in the Balkans
Serbia’s President Aleksandar Vucic said in Skopje on Thursday there would not be borders between North Macedonia, Albania and Serbia as of January 1, 2013, under the new Open Balkan regime, previously known as mini Schengen. Vucic and prime ministers of Albania and North Macedonia, Edi Rama and Zoran Zaev, took part in the trilateral […]
Aleksandar Vucic: “I knew two months ago that Geox would leave Serbia”
The President of Serbia, Aleksandar Vučić, said that he had known about the departure of the Italian company Geox from Vranje for two months, and that “this is not going to be the only case of a foreign investor leaving”. “We will not leave Vranje in the lurch,” said Vucic. Asked to comment on the […]
Financial Times: Vucic, Zaev and Rama tired of EU stalling, continue to push through with Mini Schengen agenda
Frustrated with a lack of progress in EU accession talks and EU constantly stalling, the heads of three Balkan states – Serbia, Albania and North Macedonia – Aleksandar Vucic, Edi Rama and Zoran Zaev respectively are going ahead with the Mini Schengen initiative to launch their own border-free travel and business zone, the renowned British […]
Geox will close its factory in Vranje, 1,200 people will lose their jobs
After five years of operations, the Italian footwear manufacturer, Geox is closing the footwear factory in Vranje, and 1,200 people are losing their jobs, former workers in this Italian company have confirmed for the Danas newspaper. “The employers told us today that the factory is closing and that the machines are being packed,” says one […]
Germany’s Koepfer to build a production plant in Smederevo – jobs for 250 people
The Koepfer Company from Germany has bought a land plot in the Smederevo industrial zone, where it plans to build a new production facility, the mayor’s cabinet announced.The first investment phase is expected to be realized by mid-2022, when a new factory, spanning 3,000 square metres, should be finished. Koepfer produces gears for the automotive […]
Italy’s Euroin to open a new factory in Kula
The Italian footwear manufacturer, Euroin, which opened a production facility in Kula in 2018, is planning to expand its production capacities in that municipality. According to Vladan Krtolica, the head of the production facility in Kula, around RSD 210 million will be invested in the construction of a new plant, which is supposed to start […]
Finland’s PKC Wiring Systems to open two new factories in Pozarevac
The Finnish company PKC Wiring Systems, which produces wiring systems for commercial vehicles, held a two-day Job Fair in Pozarevac, looking to employ 500 workers. “We need all job profiles – from people with elementary school education to university graduates. Our future workers will first have to undergo special training,” said Kristina Ilic, employment and […]
US company ADM acquires the biggest Serbian soy producer Sojaprotein
Global nutrition leader ADM, based in Chicago, announced today that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients. Established in 1977, Sojaprotein exports to 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat […]
Brnabić: ‘More US investments for Serbian young talent on the way’
Serbia’s Prime Minister Ana Brnabić said yesterday that three or four new investments would be made in Serbia as a result of the first day of talks she had in New York with representatives of under-45 American companies. “I am very satisfied. I will return from New York with promises of at least three or […]
6.5-million-euro investment in Kula
BFV-Processing of Tomato and Fruits d.o.o. Kula has bought a land plot from the municipality of Kula, where it plans to build a tomato processing factory. According to the municipality’s website, this plot is located in the Kula industrial zone, spans a total of 3.41 hectares. The construction of the tomato processing factory is supposed […]
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