The Serbian government has signed a contract with the German company Rauch, stipulating the state granting EUR 2.2 million to the company for its investment which will lead to the hiring of 30 new workers by the end of 2021.
According to the contract, incentives are given for the construction of the production hall and the installation of a new fruit juice production line, as well as for the expansion of the juice concentrate factory in Koceljeva.
The state will allocate exactly EUR 2,191,339.5 from its budget, which represents more than a fifth of the money that the “Rauch” has to invest, i.e. 21%. The grant will be disbursed in three tranches during 2020, 2021 and 2022.
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The German company has undertaken to invest EUR 10,347,050 by the end of 2021, at least 25% of which must come from its own funds and not from state aid.
Rauch also promised to increase the total number of permanent employees to at least 30 by the end of 2021 and not to reduce the total number of employees below 248 during the five years following completion of the investment project.
The basic salary of the new employees must be at least 20% above the minimum wage.
(Nova Ekonomija, 08.01.2020)
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