Next year should be a turning point for the metal-processing and electric industry in Serbia because it is expected for the privatisation process to finally end.
At the same times, the status of the companies undergoing restructuring should also be resolved.
Out of the 161 companies undergoing restructuring, 48 are in the metal-processing and electric sector and they have a total of 26,000 employees.
The Secretary General of the Association of Metal-Processing and Electric Industry, Metal Mines and Metallurgy of the Serbian Chamber of Commerce (SCC), Ljubiša Obradović says that the companies in restructuring should be kept alive, while the operational ones already have their products and the market for them.
In the first 10 months of this year, the metal-processing and electric industry sector mostly imported to Italy ($1.2 billion), Germany ($776 million), and Russia ($217 million).
The sector mostly imported from Germany ($1.15 billion), Italy ($955 million) and China ($552 million).
Obradović also said that automotive industry (namely road and railway vehicles), IT, electronics, agricultural machinery and weapons carry the biggest potential in this sector.
When it comes to metal mines and metal-processing sector, the companies mostly exported to Italy ($177 million), Turkey ($105 million) and Germany ($100 million). They also mostly imported from Russia ($177 million), Germany ($125 million) and China ($96 million). The biggest potential in this sector lies in mining and foundry.
Obradović also pointed out to an inadequate structure of the Serbian export which is dominated by low-processed products, while 60% companies in the production sector uses very simple technology and only 5% uses high technology (like defence industry).
The share that industry has in the domestic GDP dropped from 40% to 20% while the number of people working in industry has been drastically reduced from 1.2 million to 200,000.
In Slovakia and the Czech Republic, 80% of all investments end up in the industrial sector while, in Serbia, ¾ of all investments ended up in finance and commerce.
This post is also available in: Italiano