IGB opens new factory in Indjija: Incentives for German investors

Prime Minister Aleksandar Vucic has officially opened a new production facility of IGB Automatic in the town of Indjija, inviting German investors to invest even more in Serbia.

He also told German investors that Serbia offered the best conditions for doing business by far, as well as a trained workforce and a guarantee that investors and their investments here would be safe, adding that Serbia would top any offer that investors get from other countries by at least 5%.

The new production facility was constructed in only eight months, and it employs 600 people, although the relevant contract stipulates only 510. Vucic said that the government set aside 1.4 million EUR in incentives to the company. The first installment of 560,000 EUR has already been disbursed.

Vucic also said that he was confident that IGB would employ up to 1,500 workers by the year-end, as well as increase salaries and bonuses.

“German companies trust Serbia as an investment destination, and plan to invest further here”, said the German Ambassador to Serbia, Mr. Axel Dittmann. He added that Germany would continue supporting Serbia in its EU bid and underlined that he was impressed with the speed at which the facility had been built considering that the construction started only eight months ago.

“This is actually an extension of the existing facility, and a strong impetus for German companies to make sustainable investments in Serbia”, the Ambassador added.

(Blic, 24.01.2017)

http://www.blic.rs/vesti/ekonomija/vucic-u-igb-ovo-je-59-fabrika-ili-pogon-koju-otvaram-u-srbiji/51lsl23

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