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Fiat to launch production of its new model in Kragujevac by end-2009
Belgrade,
9 August 2008
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that Fiat should launch the production of its new model in Kragujevac carmaker Zastava by the end of 2009.
Mladjan Dinkic
In an interview with the Beta news agency, Dinkic said that Fiat plans to export 95% of production from Zastava.
Customs fees on car imports should halve by January 1, 2009, as Fiat is not afraid of competition, whereas in 2010 the customs fees would be removed completely, said Dinkic.
He recalled that a strategic partnership agreement between Zastava and Fiat was signed in early September last year and noted that the deal has been made on all crucial elements of the agreement, adding that infrastructure investments are still to be discussed.
Italy’s top officials will attend the signing of the nearly 200-page contract, he announced.
Italy will invest over €800 million, whereas the state of Serbia will invest nearly €300 million in infrastructure in the next three to four years, he said.
He announced complete modernization of the railway from Kragujevac to Lapovo, construction of the ring-road around Kragujevac and new power stations and gas facilities.
Under the agreement, Zastava should stop producing Yugo, Dinkic said and pointed out that a delegation of truck maker Iveco also intends to invest in Serbia.
Iveco asked for additional 200 hectares of land, which means they are considering the production of trucks in Serbia, Dinkic said.
Dinkic also noted that Fiat is not interested in production of Opel Astra in Kragujevac and noted that talks with General Motors have started and that one of the options is to offer the special vehicles plant in Sombor.
According to him, if no deal is made with General Motors, Opel Astra will not be produced in Serbia.
Customs fees on car imports should halve by January 1, 2009, as Fiat is not afraid of competition, whereas in 2010 the customs fees would be removed completely, said Dinkic.
He recalled that a strategic partnership agreement between Zastava and Fiat was signed in early September last year and noted that the deal has been made on all crucial elements of the agreement, adding that infrastructure investments are still to be discussed.
Italy’s top officials will attend the signing of the nearly 200-page contract, he announced.
Italy will invest over €800 million, whereas the state of Serbia will invest nearly €300 million in infrastructure in the next three to four years, he said.
He announced complete modernization of the railway from Kragujevac to Lapovo, construction of the ring-road around Kragujevac and new power stations and gas facilities.
Under the agreement, Zastava should stop producing Yugo, Dinkic said and pointed out that a delegation of truck maker Iveco also intends to invest in Serbia.
Iveco asked for additional 200 hectares of land, which means they are considering the production of trucks in Serbia, Dinkic said.
Dinkic also noted that Fiat is not interested in production of Opel Astra in Kragujevac and noted that talks with General Motors have started and that one of the options is to offer the special vehicles plant in Sombor.
According to him, if no deal is made with General Motors, Opel Astra will not be produced in Serbia.
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