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German Metro Cash&Carry opens first wholesale centre in Serbia
Belgrade,
3 September 2004
Serbian Deputy Prime Minister Miroljub Labus said today after meeting with representatives of Germany’s leading wholesale chain Metro Cash&Carry that this company plans to open its first wholesale facility in Serbia. The €15 million worth centre in Krnjaca should be opened by the end of the year.
Labus said that Metro Cash&Carry plans to open eight to ten new stores in the next four years, adding that the investment will amount to approximately €150 million and open around 2,000 new jobs.
He said that the arrival of this chain on the Serbian market is of great importance for our economy as 80 percent of the goods will be Serbian products. He went on to say that Metro will manufacture its items in the domestic factories, after which they are sold in Metro’s store in other countries. That will boost export of domestic products in the forthcoming period, he explained.
Labus said that adoption of the value-added tax (VAT) created conditions for the appearance of Metro Cash&Carry on the Serbian market.
According to Labus, Metro Cash&Carry is one of the world’s leading specialised wholesale chains, Europe’s second largest, which does business exclusively with firms and entrepreneurs. He said that the government supports the arrival of this company in Serbia, expressing his expectation that other German companies will do the same.
Director of Metro Cash&Carry for Southeastern Europe Damir First announced the onset of works on the first Metro Cash&Carry centre in Belgrade in three weeks.
Metro also plans to open facilities in Novi Sad, Nis, Kragujevac, and other cities across Serbia.
He said that the arrival of this chain on the Serbian market is of great importance for our economy as 80 percent of the goods will be Serbian products. He went on to say that Metro will manufacture its items in the domestic factories, after which they are sold in Metro’s store in other countries. That will boost export of domestic products in the forthcoming period, he explained.
Labus said that adoption of the value-added tax (VAT) created conditions for the appearance of Metro Cash&Carry on the Serbian market.
According to Labus, Metro Cash&Carry is one of the world’s leading specialised wholesale chains, Europe’s second largest, which does business exclusively with firms and entrepreneurs. He said that the government supports the arrival of this company in Serbia, expressing his expectation that other German companies will do the same.
Director of Metro Cash&Carry for Southeastern Europe Damir First announced the onset of works on the first Metro Cash&Carry centre in Belgrade in three weeks.
Metro also plans to open facilities in Novi Sad, Nis, Kragujevac, and other cities across Serbia.
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