Cadez: New Italian investments are coming

A company from Italy’s Friuli-Venezia Giulia region wants to invest in Serbia’s environmental protection sector, while a company that is already operating in Sabac, Western Serbia, wants to expand operations in Serbia, says Chamber of Commerce and Industry of Serbia (PKS) President, Marko Cadez.

In collaboration with the region’s chamber of commerce, the PKS organised a business forum in Trieste on Wednesday to present to companies conditions for doing business in Serbia and possibilities for investing and for joint business deals with Serbian companies.

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According to a press release from the Chamber, he said, after a business forum in Trieste, that INN Flex, which already operates in Sabac, planned to expand its business in Serbia. Cadez also said that several Italian companies have sought partners among Serbian companies.

Opening the Forum after a promotional short titled “Serbia, the Good Investment Port”, Cadez told Italian company reps that Serbia had created a nurturing environment for successful business in past years.

“Thanks to financial consolidation and structural reforms, Serbia appears before investors bolstered in the macro-economic sense, stable, with a responsible economic policy and clear regulations, greater business predictability, reduced risk and an improved international credit rating,” Cadez said.

Our offer to investors, he said, includes a package of financial incentives, ranging from state subsidies, via tax and customs relaxations, to agreements on free trade which give producers in Serbia more competitive access to the region and the world to markets of over a billion consumers.

“In just a decade, Serbia has attracted 30 billion euros worth of foreign direct investments, and only in the last three years, we had 7 billion euros of FDI, of which EUR 2.6 billion in the past year alone,” said Cadez. He added that every other wind generator in Europe is produced in Europe.

He told Italian business people that there were financial incentives waiting for them in Serbia, but also the CCIS’ developed instruments.

The Trieste Forum is the first out of several events that will take place this year in other regions of Italy as well, under the name “New Economic Opportunities for Companies in Italian Regions”.

Cadez announced that new events would follow in the autumn, when representatives of the CCIS would come with the head people from Serbian companies.

The Trieste Forum brought together around 100 Italian companies, banks and other financial institutions of the province, which saw presentations of the conditions of doing business on the Serbian market, investment opportunities and joint ventures and the export potential of Serbian economy.

(Vecernje Novosti, Beta, 27.06.2018)

This post is also available in: Italiano

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