1.15 billion EUR of foreign investments in the first 10 months of 2014

The total foreign investments in Serbia in the first ten months of 2014 amounted to 1.15 billion EUR, an increase from 2013 when the value of total investments amounted to 750 million EUR. This was also confirmed by the survey carried out by the Norwegian company Emisoft which called Serbia the best developing country for foreign investments.

The Italian company Mobilturi Group has opened two factories in Jagodina – one for the production of kitchen furniture that employs 160 workers, and one for the production of the Aunde car seats which has around 20 workers.

The Government of Serbia and the world leader in the confectionery industry Ferrero have signed a Memorandum of Understanding with the view of making Serbia the European center for the production of hazelnut. Ferrero’s investment will result in the hazel bush orchards growing from the current 1,000 hectares to over 10,000 hectares by 2020.

The ComTrade Company has opened a software development centre in Kragujevac, hiring 200 young engineers. Furthermore, the company employs over 1,600 engineers, out of which 200 will work in the new regional centre in Kragujevac.

Jablanica EKO opened a pallet factory in Medveđa, employing 50 workers. The construction was funded by the municipality of Medveđa and the Serbian government with 670,000 EUR, as well as by the Slovenian government with 290,000 EUR. Additional 100,000 EURO was obtained from the EU Progress Programme.

The Austrian manufacturer of crystals Swarovski began constructing a factory in Subotica which should employ 200 people.

The Russian company UGMK Holding launched a nitrogen-powered generator in Majdanpek. Following the privatisation of the copper pipe factory, the company expects the production to increase fourfold, i.e. from 3,000 to 12,000 tonnes annually.

Cooper Standard opened a car transmission factory in Sremska Mitrovica, increasing the number of employees to 800. The construction of this factory was financially supported by the governments of Serbia and Vojvodina with 4 million EUR and 100,000 EUR respectively.

One of Europe’s largest feed manufacturers, the Belgian company Nuscience Group has acquired a company in Velika Plana and will employ 700 workers.

The French group Conquest has opened a plant in the Novi Sad Free Zone that will be engaged in production, sale and service of utility equipment.

Johnson Electric has opened an electric engine factory Nis, hiring 250 workers. The investment is valued at 20 million EUR.

Manufacturer of socks and underwear, Calzedonia, which already has a factory in Sombor, has opened another production facility this time in Subotica. The facility is named Gordon. The company also announces opening of production plants in Ruma and Apatin. The two of the company’s factories that are already operating Serbia have over 2,000 workers.

Tigar Tyres has opened a new plant in Pirot, which marks the first step in the implementation of a project valued at 215 million EUR.

The Belgian company Delhaize Group has opened a 70,000-square-metre-distribution centre in Stara Pazova. Delhaize Group already employs 11,000 workers in Serbia.

Henkel Serbia has opened a new detergent factory Bref in Krusevac in which the company invested 21 million EUR and hired 220 new workers.

The Slovenian company Petrol launched a regional liquid gas facility in Smederevo worth 5 million EUR that will have 100 employees. This is a greenfield investment and the facility will supply gas to Western Europe.

The German company Fresenius Medical Care, which specializes in production of medical devices, has opened a new factory in Vrsac which will employ about 1,150 workers. The value of this investment is 16 million EUR, with the Serbian government investing 3.8 million EUR.

The relevant bodies in Serbia have indicated that the foreign investments targets have still not been reached and that Serbia has to improve its business environment as the base for the economic reforms implemented by the government. Despite the problems and economic crisis in Serbia, numerous investments in infrastructure and industry were made in the country in 2014.

(Tanjug, 29.12.2014)


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