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The Government of the Republic of Serbia

In the service of citizens

Philip Morris a reliable partner of government of Serbia

Nis, 16 October 2018

Prime Minister Ana Brnabic visited today the company " Philip Morris " in Nis, which in September 2003 privatised the largest Serbian tobacco factory "DIN", and to this day remained the largest American, and among the ten largest foreign investments in Serbia.

Brnabic reminded that this company employs 900 workers directly and 3,000 indirectly, and that it not only brings money to Serbia, but also the knowledge, technology and work system that remains in our country and flows into other branches of the economy.

This company is one of the most desirable employers in Serbia and an excellent partner of the government of Serbia and the City of Nis, emphasised the Prime Minister, adding that Serbia will do everything that Philip Morris will continue to do business in our country.

She particularly pointed out that the company is located in Nis and that this is an important part of the decentralization plan and the balanced regional development of Serbia, by which the government is trying to reduce the migration to Belgrade and Novi Sad.

The previous government launched the initiative to get Nis on its feet as a regional centre of southern Serbia and I think that we have succeeded in that by bringing new investors and creating new jobs. By the end of the year, the construction of a science and technology centre will begin. This will all contribute to the return of the epithet of the centre of the electronic industry to Nis, said Brnabic.

She also stated that in Nis, in the first phase, 2,400 apartments are built for security personnel.

According to Brnabic, we are also investing in Kraljevo, Loznica, Prokuplje and other cities throughout Serbia.

When it comes to housing construction, the Prime Minister stated that by 1 May, the construction will start in all local self-governments in Nis and Vranje.

There is a delay of several months due to planned bases and location conditions, but construction will begin and everything will run according to the plan, she repeated, adding that funds for the construction of apartments in Nis and Vranje have already been set aside from the budget.

Asked about the price of the square metre, Brnabic stated that, by law, the price cannot be more than €500 per square metre.

This is the maximum price for Belgrade. I expect the price to be lower in the south, and I do not know if it will be 400, 450, 350 euros, but according to the law it cannot be more than €500, said the Prime Minister.

The company "Philip Morris" with the initial investment of $520 million was the largest direct foreign investment in the period 2003-2004. and then continued to invest in modernisation and development of production, as well as in expanding production and storage capacities.