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The Government of the Republic of Serbia

In the service of citizens

Factory Europolis realises first export to the European market

Belgrade, 20 June 2006

Serbian Minister of Finance Mladjan Dinkic said today that the factory Europolis, after only one year of production, has not only become the leading producer of armature networks and other construction materials on the domestic market, but has also very successfully started its export programme.

Author: FoNet

Dinkic said during his visit to the largest domestic factory for the production of construction armature that the factory will export 1000 tonnes of construction material to the Hungarian market, which will bring a yearly profit worth €5 million.

He recalled that a sum of €8 million was invested in the construction of the factory making it the single largest investment made during the previous year, and the production is being supported by funds provided by the Serbian Development Fund.

The Minister said that Serbia has to recover its celebrated tradition in the field of building industry. He added that the Ministry of Finance in cooperation with the Serbian Investment and Export Promotion Agency (SIEPA) will start a project to award incentives to domestic exporters, as well as setting aside a sum of 100 million dinars for the purpose.

Director of SIEPA Jasna Matic said that Europolis has set a positive example for all domestic firms running a company.

She stressed that the SIEPA will support exporters in finding markets for their products, improving standards and the quality of export items.

President of the company Europolis Vladan Zecevic said that the production quality of the factory has been proven by the several awards won at international building fairs.

According to Zecevic, the current capacity of the factory is 150 tonnes of processed material daily, and plans are underway to double production by end of year, considering the fact that a contract will shortly be signed with equipment suppliers of Schlatter from Switzerland and Austria’s EVG.