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Serbia, Italy sign declaration on boosting economic cooperation
Belgrade,
24 September 2009
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Italian Deputy Minister for Economic Development Adolfo Urso signed today a joint declaration on boosting economic cooperation with the emphasis on the car industry.
Adolfo Urso, left, and Mladjan Dinkic
Dinkic said that the declaration will help Italian producers of car components enter the Serbian market.
Fiat plans to employ nearly 2,500 workers in Serbia and we expect that the producers of car parts will employ 10,000 more.
He announced that the government will offer Italian producers €4,000 for every new job created in the Sumadija region and €5,000 per worker in the south of Serbia, while in cooperation with local authorities they will receive free land and infrastructure. All companies located in the Kragujevac zone will be in the free customs zone, explained Dinkic and noted that Serbia also offers the opportunity of free customs export to Russia, Belarus and Turkey, as well as to EU and CEFTA countries.
The producers of car parts will be exempted from paying local fees and taxes on profits for a while if they invest over €8 million and employ more than 100 workers. Dinkic said that Fiat’s largest supplier of components, Magneti Marelli, presented their plan to invest at least €100 million and employ 600 to 700 people in Serbia.
Since there are eleven Italian companies interested in starting operations in Serbia, this will create a substantial volume of investment and new employment, Dinkic said. What Serbia is also offering is a well-educated workforce, he noted and added that there is interest on the Italian side in the textile, leather, footwear, furniture, white goods and food industries.
Urso, who is heading the Italian delegation during their two-day visit to Serbia, said that the declaration will encourage other Italian companies to invest in Serbia.
He voiced his belief that Serbia will be a stepping stone for exporting Fiat vehicles to other Balkan countries and Turkey.
The signing of the declaration was attended by representatives of 11 Italian car-part companies, who will participate in the upcoming working meeting to discuss potential cooperation with Serbia and their positioning on the Serbian market.
Fiat plans to employ nearly 2,500 workers in Serbia and we expect that the producers of car parts will employ 10,000 more.
He announced that the government will offer Italian producers €4,000 for every new job created in the Sumadija region and €5,000 per worker in the south of Serbia, while in cooperation with local authorities they will receive free land and infrastructure. All companies located in the Kragujevac zone will be in the free customs zone, explained Dinkic and noted that Serbia also offers the opportunity of free customs export to Russia, Belarus and Turkey, as well as to EU and CEFTA countries.
The producers of car parts will be exempted from paying local fees and taxes on profits for a while if they invest over €8 million and employ more than 100 workers. Dinkic said that Fiat’s largest supplier of components, Magneti Marelli, presented their plan to invest at least €100 million and employ 600 to 700 people in Serbia.
Since there are eleven Italian companies interested in starting operations in Serbia, this will create a substantial volume of investment and new employment, Dinkic said. What Serbia is also offering is a well-educated workforce, he noted and added that there is interest on the Italian side in the textile, leather, footwear, furniture, white goods and food industries.
Urso, who is heading the Italian delegation during their two-day visit to Serbia, said that the declaration will encourage other Italian companies to invest in Serbia.
He voiced his belief that Serbia will be a stepping stone for exporting Fiat vehicles to other Balkan countries and Turkey.
The signing of the declaration was attended by representatives of 11 Italian car-part companies, who will participate in the upcoming working meeting to discuss potential cooperation with Serbia and their positioning on the Serbian market.
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