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Bubalo visits AMB Grafika in Novi Sad
Belgrade,
12 April 2006
Serbian Minister of Economy Predrag Bubalo visited today AMB Grafika company in Novi Sad, which after having been privatised by Stilos Group in 2003 as a huge loss maker with outdated equipment and unused capacities, has become a profitable company.
The Ministry of Economy stated that in the past two years some €3 million were invested in the purchase of state-of-the-art equipment, the output increased by 25%, and the average salary by 62%.
During that period, outstanding debts of approximately €1 million were cleared off, and the company acquired many new customers and expanded cooperation with old ones, the statement says. The privatisation and new investments increased the quality of AMB Grafika, which has become a leader in commercial packaging and high-quality print.
Company Stilos Group has existed for 15 years and is composed of 12 firms that do business on four markets, Serbia, Montenegro, Macedonia, and Bosnia and Herzegovina, and employ some 750 staff, the statement concludes.
During that period, outstanding debts of approximately €1 million were cleared off, and the company acquired many new customers and expanded cooperation with old ones, the statement says. The privatisation and new investments increased the quality of AMB Grafika, which has become a leader in commercial packaging and high-quality print.
Company Stilos Group has existed for 15 years and is composed of 12 firms that do business on four markets, Serbia, Montenegro, Macedonia, and Bosnia and Herzegovina, and employ some 750 staff, the statement concludes.
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