Vucic: News about big investment to be announced in late April

Serbian President Aleksandar Vucic says that negotiations with a large foreign company that could make the biggest investment in Serbia so far are well underway and that they are expected to make a decision in late April.

During a TV appearance, Vucic said that he had received information about the possible investment only a few hours prior, and that Serbia was currently the favourite location for the investment in relation to the other two countries, which are both EU members, located Central and Eastern Europe, which are considered too.

The president went on to say that, if the investor decided in favour of Serbia, a large factory could be built in one of the two towns in Pomoravlje or Sumadija.

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“This is going to be a big investment and I expect the relevant decision to be made in late April,” said Vucic and underlined that this investment would be significant for the entire Serbia, since that company in question had plans to export the products made in the factory in Serbia, and that the export would be worth 4.5 billion euro annually.

EU measures introduced because of China

Commenting on EU’s steel quotas, Vucic said that the EU imposed them as a measure against China due to the fact that China was rapidly moving up in the steel branch. Vucic is also confident that the president of the European Commission, Jean-Claude Juncker, and the German Chancellor, Angela Merkel would step in to help Serbia should its steel production suffer under new measures.

Vucic also said that he demanded for Serbia to be exempted from the steel quotas, as some European and African countries had been. However, the European Trade Commissioner, Cecilia Malmström said that Serbia and Switzerland could not be exempted.

(Blic, 05.12.2019)

https://www.blic.rs/biznis/vucic-krajem-aprila-odluka-o-velikoj-investiciji/6882gg9

This post is also available in: Italiano

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