A total of 14.9 billion dinars will be allocated to subsidies to private companies in the proposed 2021 state budget, including Fiat and the national airliner Air Serbia.
These funds are foreseen by the Ministry of Economy under the segment of the investments of particular importance.
The funds are, among other things, intended for the implementation of the Joint Investment Agreement between the Republic of Serbia and Fiat, and the agreement on the establishment of Air Serbia.
Grants will also be allocated to the following companies – Johnson Electric from Nis, Kromberg and Schubert from Krusevac, Essex from Zrenjanin, ZF Serbia Pancevo, MTU Belgrade, Henkel Serbia, Linglong from Zrenjanin, Planinka from Kursumlija, the chemical company Nevena from Belgrade and others, all arising from direct investment agreements that the government has concluded with the aforementioned companies.
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The funds, as specified, are intended to fulfil the obligations under the decree on the conditions and methods of attracting direct investments. The proposed budget does not show the specific amounts for each of the companies to which these funds are allocated.
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