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The Government of the Republic of Serbia

In the service of citizens

Tobacco industry important for Serbia's economy

Vranje, 16 October 2018

Prime Minister Ana Brnabic said in Vranje today that the tobacco industry is among the most successful branches in Serbia and that 11% of the total tax revenues in the budget are paid by Britsh American Tobacco ( BAT) and Philip Morris.

At the celebration of 15 years of BAT's business in Vranje, Brnabic said that the tobacco industry also has a significant foreign trade surplus, and that the export of cigarettes from Serbia has increased six times in the last seven years.

Both large factories are in the south of central Serbia, where jobs and investments are most important and most needed, she pointed out added that BAT invested €270 million.

The Prime Minister also stated that BAT is one of the companies that are recognised as socially responsible, announcing that the Serbian government will help develop its business and through the establishment of legal frameworks for favorable business in our country.

BAT's General Director for Serbia Sotiris Kostovuros said that this company is one of the largest British investors in Serbia, and that satisfactory dialogue with the state has been established over the past 15 years.

Director of the BAT factory in Vranje Richard Brendemberg pointed out that the productivity in the factory in Vranje increased four times, and that in the past five years there were no accidents at work.