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Bubalo lays cornerstone of Metro Cash & Carry distribution centre in Zemun
Zemun,
27 July 2005
Serbian Minister of Economy Predrag Bubalo and Metro Cash & Carry General Manager in Serbia Damir First today laid the cornerstone of the German retailer’s third distribution centre in Serbia.
Author:
Tanjug
First said that the investment is worth more than €15 million and that the centre will span some 15,000 square metres. The opening of the centre, which will employ some 300 people, is expected in November this year, according to him.
First also said that the investment climate in Serbia is favourable and he thanked the Serbian government and line ministries on their support.
Bubalo said that the laying of this cornerstone comes just two weeks after the previous one was laid in Kragujevac, a dynamic that reflects the pace of economic reforms in Serbia.
He called on foreign companies to invest in Serbia now, because later the competition will be tougher and the market saturated.
The Serbian government will endeavour to make it easier for foreign investors to come to Serbia, because their arrival brings new jobs, new technologies, faster economic development and faster accession to the EU, says Bubalo.
He added that Serbia needs economic growth based on exports and that companies must be allowed access to finance to improve production, technology, and human resources.
Inviting foreign investors to follow in the footsteps of Metro Cash & Carry, which has received an award for the biggest greenfield investment in the region, Bubalo recalled that the Southeast Europe Stability Pact has said in a report that Serbia made the greatest progress in reforms in 2004.
German Ambassador to Serbia-Montenegro Andreas Zobel said that Serbia is becoming an attractive market for foreign investors, with a stable business environment and opportunities to make profit.
He recalled that German companies have so far invested a total of €250 million in Serbia and that Metro alone will pour some €50 million this year.
First also said that the investment climate in Serbia is favourable and he thanked the Serbian government and line ministries on their support.
Bubalo said that the laying of this cornerstone comes just two weeks after the previous one was laid in Kragujevac, a dynamic that reflects the pace of economic reforms in Serbia.
He called on foreign companies to invest in Serbia now, because later the competition will be tougher and the market saturated.
The Serbian government will endeavour to make it easier for foreign investors to come to Serbia, because their arrival brings new jobs, new technologies, faster economic development and faster accession to the EU, says Bubalo.
He added that Serbia needs economic growth based on exports and that companies must be allowed access to finance to improve production, technology, and human resources.
Inviting foreign investors to follow in the footsteps of Metro Cash & Carry, which has received an award for the biggest greenfield investment in the region, Bubalo recalled that the Southeast Europe Stability Pact has said in a report that Serbia made the greatest progress in reforms in 2004.
German Ambassador to Serbia-Montenegro Andreas Zobel said that Serbia is becoming an attractive market for foreign investors, with a stable business environment and opportunities to make profit.
He recalled that German companies have so far invested a total of €250 million in Serbia and that Metro alone will pour some €50 million this year.
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