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The Government of the Republic of Serbia

In the service of citizens

Serbia makes visible progress in economy, European integration

Smederevo, 6 October 2015

Prime Minister Aleksandar Vucic today attended a ceremony organised on the occasion of commissioning of a new production line at the company “PKC Group” in Smederevo, and said that Serbia has made progress in the economic front as well as on the road to the EU.

Vucic said in his address to those present that the Finnish company, that initially had a brownfield investment in Smederevo, currently employs 890 full-time employees, and that by the end of 2016 their number will increase to 1,500.

He said that he is proud of the commitment and enthusiasm of employees, but also of the results achieved by the company, noting that the progress of our country is visible, which provides a chance for young people to survive and stay in Serbia.

According to Vucic, if there is more work in Serbia, people will learn how to be responsible and more serious. Vucic also recalled that “PKC Group” is the world's leading manufacturer and supplier of electric power distribution systems for the world's largest vehicle manufacturers.

Vice President of the Board of Directors of “PKC Group” from Helsinki Robert Remenar pointed out that the company has to choose the best and most competitive production location if it wants to meet the expectations of its customers.

The company found qualified, dedicated and technically skilled workforce in Serbia, as well as transport infrastructure which will enable the efficient flow of goods, technical university base and a progressive political environment focused on improving business conditions, he said.

Ambassador of Finland to Serbia Pertti Ikonen said that the negotiations on EU membership are in progress, which is probably the most important factor that gives confidence to companies that Serbia has a safe, secure and functional business environment.

From left: Bruno Coornaert, Zeljko Sertic and Jasna Avramovic

Today Vucic also attended in Smederevo the signing of the Memorandum of understanding between the Serbian government, the city of Smederevo and German company for processing of fish “PTC Germany GmbH”.

The Memorandum was signed by Minister of Economy Zeljko Sertic, Mayor of Smederevo Jasna Avramovic and Managing Director of “PTC Germany GmbH” Bruno Coornaert.

Vucic said that the start of production is expected at the beginning of next year, and added that in the middle of this year Smederevo built a production plant of 3,000 square metres, and 2.5 kilometres of roads with follow-up infrastructure, of the total value of €3 million, which has been leased by one of the leading fish processing companies in Germany “PTC Germany GmbH”.