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The Government of the Republic of Serbia

In the service of citizens

Nis to become investment centre

Nis, 2 October 2008

Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that Nis would become the centre of investments in infrastructure, construction of South Stream gas pipeline and Corridor 10, for which financial construction has been completed.

Mladjan Dinkic

Author: Tanjug

Addressing the Nis Investment Forum NIF 08, Dinkic said that Nis should get free customs zones and that Nis will get special incentives for foreign investments.

According to him, Serbia’s aim is to become the best destination for drawing foreign investments and exports, which will reduce foreign deficit.

The state will finance every new job with €5,000, Dinkic said and added that apart from Kragujevac, Nis is priority for the government’s regional development plan.

He said that Serbia is the only European country that has a free trade arrangement with the EU, Russia and countries in the region, announcing negotiations on free trade with Ukraine and Belarus.

Speaking about the Serbian oil industry NIS, he said that negotiations are underway with Russian Gazprom on the price of free shares which will be offered to the public and NIS employees, while the first shares to be traded at the Belgrade stock exchange will be this company’s.

We are planning to sign an agreement with Gazprom by the end of the year, and six months after that citizens will be able to trade shares, explained Dinkic and added that by the end of the year registration of all citizens who have a right to free shares will be complete.

During a break at the forum, Dinkic told the press that a tender will be called for privatisation of the mining and metallurgical complex Bor in the second half of October.

Interest has been shown by 11 companies in Bor, and a few of them are leaders in the area of mining, he said and recalled that considerable deposits of ores have been discovered in southern Serbia which are not found in EU countries.

Speaking about the recently signed agreement with Fiat, Dinkic said that a joint company will be formed with Fiat during the upcoming period, in which Fiat will own two thirds of the capital.

The Serbian government’s aim is to implement the agreement as soon as possible, he stressed and added that a starting capital of €300 million will be invested in Zastava Kragujevac in the first quarter of the next year, while a sum of €500 million will be invested until the end of 2009.