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The Government of the Republic of Serbia

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Dinkic lays foundation stone of new Sanc shoe factory

Vranje, 25 January 2008

Serbian Minister of Economy and Regional Development Mladjan Dinkic today laid the foundation stone of a new factory of the shoe company Sanc in Vranje in which €2 million will be invested.

Dinkic said on the occasion that the new factory will create 200 jobs and added that a sum of €400,000 was contributed to the funds needed for construction from the National Investment Plan, which shows that the government cares about faster progress in southern Serbia.

The Minister expressed conviction that this investment and several other new investments will reduce unemployment figures in Serbia by half during the next five years.

Dinkic said that the Serbian government’s priority is equality of regional development and it is logical that following the investments made in the textile plant Zamber, investments are made in Sanc also.

He said that the air conditioning manufacturer will also receive investments as part of efforts being made to develop southern Serbia and to raise the level of employment in that region.

Dinkic also talked with directors of socially owned and public companies in the Vranje municipality, and later he will speak at a panel discussion to be held in the municipal assembly building relating to the distribution of free shares.

Dinkic is accompanied on his visit to Vranje by State Secretary for Regional Development Verica Kalanovic and State Secretary for International Economic Relations Jasna Matic.