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Dinkic visits factories Impol Seval and Prvi Partizan-Namenska

Sevojno/Uzice, 7 April 2008

Serbian Minister of Economy and Regional Development Mladjan Dinkic visited today Impol Seval aluminium rolling mill in Sevojno and ammunition maker Prvi Partizan – Namenska in Uzice.

Impol Seval was successfully privatised in 2002 and €45 million has been invested in it so far, which is much more than the required obligatory investment of €20 million.

Dinkic said that this is the most successful example of privatisation in Serbia, adding that production has increased five times in the meantime.

Impol Seval belongs to a group of top five Serbian exporters in the past five years, and all its products are sold on the EU market, the minister said and underlined that this data shows how important the EU is for Serbia.

In the talks with a delegation of the Ministry of Economy and Regional Development, factory representatives said that 20 new young workers will start working in the factory soon.

Dinkic also visited ammunition maker Prvi Partizan – Namenska in Uzice, which sells its products, which meet the standards and are very competitive, on the EU market.

Dinkic said that agreement was reached to provide financial support to the factory through subsidies worth RSD 10 million on a monthly basis until the end of the year.

The factory exports to EU countries, is very competitive and can meet the highest standards, said Dinkic, but added that working conditions are very bade since most of the work is done underground.

He also explained that the strengthening dollar compared to the euro has caused a reduction in salaries, and added that he talked today about ways of restoring them to their earlier level.

For this purpose, the Ministry of Economy and Regional Development will help through subsidies worth RSD 10 million on a monthly basis until the end of the year, since almost the entire production in Prvi Partizan is exported to the European market, said Dinkic.

He confirmed that due to inhuman working conditions, the ministry will present an initiative at the government’s session to build a new factory building.

We have been informed that the first phase will require an investment of €3.5 million, and funds worth from €2 million to €3 million are needed for the second phase. The payment deadline is only three years and the government must find a way to resolve this problem, because Prvi Partizan is one of the most successful businesses in Serbia, and they have never complained to the state although they are deserving of help since they managed to build everything on their own, said the Minister.