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Djelic, Grundfos representatives discuss €80m greenfield investment
Belgrade,
8 May 2008
Representatives of Denmark’s Grundfos met today with Serbian Deputy Prime Minister Bozidar Djelic and announced that by the beginning of the summer they will start building a production plant for water pumps and air conditioners in Serbia.
Author:
Tanjug
The initial value of the greenfield investment is €80 million and the factory is to take on 500 workers in the beginning, and hire another 200 over the next several years. Around 90% of its total output is to be exported.
Djelic stressed that Serbia offers extremely favourable investment conditions, such as one of the lowest tax rates of 10%, the CEFTA agreement and the free trade agreement with Russia.
He added that after the signing of the Stabilisation and Association Agreement, Serbia will be one of the most competitive markets in this part of Europe.
Considerable infrastructure investments will be made in Serbia, such as the construction of Corridor 10, Corridor 7, the motorway from the Croatian to the Romanian border and a cargo centre at Belgrade airport, said Djelic.
He stressed that Serbia’s goal, to which the future government will be committed, is EU membership by end-2008 as well as the abolishment of visas for Serbian citizens by year’s end.
Djelic stressed that Serbia offers extremely favourable investment conditions, such as one of the lowest tax rates of 10%, the CEFTA agreement and the free trade agreement with Russia.
He added that after the signing of the Stabilisation and Association Agreement, Serbia will be one of the most competitive markets in this part of Europe.
Considerable infrastructure investments will be made in Serbia, such as the construction of Corridor 10, Corridor 7, the motorway from the Croatian to the Romanian border and a cargo centre at Belgrade airport, said Djelic.
He stressed that Serbia’s goal, to which the future government will be committed, is EU membership by end-2008 as well as the abolishment of visas for Serbian citizens by year’s end.
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