Q:
A:
Government ready to support large investors
Kragujevac,
16 February 2010
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic together with a delegation of the International Monetary Fund (IMF) today visited car manufacturer Fiat Automobili Srbija (FAS) in Kragujevac.
Author:
Fonet
After meeting with company’s management that presented the results of work on launching the new car model, Dinkic pointed out to the importance of this company reaching the figure of €1.5 billion from annual export.
He said that the meeting with IMF representatives addressed ways to improve competitiveness of Serbian exports and the economy and noted that the project implemented in Kragujevac is one of those ways.
Dinkic confirmed that the Serbian government is ready to support large investors.
He added that it is good that IMF representatives could see that Serbia has export potentials for companies such as Fiat.
He expressed satisfaction over the fact that the Kragujevac factory has continuously recorded positive progress.
Dinkic announced that the company’s CEO Giovanni de Filippis informed him that orders for reconstruction works in the factory start this week and their value will amount to approximately €150 million.
We have seen new investment in the area of lacquering unit, new uniforms are arriving, a thousand people were admitted to FAS, and they can now earn their living by themselves and not live from government subsidies, said Dinkic.
According to Dinkic the Serbian government in cooperation with Fiat plans to organise a summit of suppliers from Italy, South Korea, Japan and Slovenia in spring, with the idea of presenting Serbia as the most suitable locations in Europe for investment in car industry.
Dinkic, together with Governor of the National Bank of Serbia Radovan Jelasic and the IMF delegation, will also visit the winery Radovanovic in the village of Krnjevo later today.
He said that the meeting with IMF representatives addressed ways to improve competitiveness of Serbian exports and the economy and noted that the project implemented in Kragujevac is one of those ways.
Dinkic confirmed that the Serbian government is ready to support large investors.
He added that it is good that IMF representatives could see that Serbia has export potentials for companies such as Fiat.
He expressed satisfaction over the fact that the Kragujevac factory has continuously recorded positive progress.
Dinkic announced that the company’s CEO Giovanni de Filippis informed him that orders for reconstruction works in the factory start this week and their value will amount to approximately €150 million.
We have seen new investment in the area of lacquering unit, new uniforms are arriving, a thousand people were admitted to FAS, and they can now earn their living by themselves and not live from government subsidies, said Dinkic.
According to Dinkic the Serbian government in cooperation with Fiat plans to organise a summit of suppliers from Italy, South Korea, Japan and Slovenia in spring, with the idea of presenting Serbia as the most suitable locations in Europe for investment in car industry.
Dinkic, together with Governor of the National Bank of Serbia Radovan Jelasic and the IMF delegation, will also visit the winery Radovanovic in the village of Krnjevo later today.
-
Belgrade, 11 July 2025Potential for improving cooperation with Belarus in many areas
-
Požega, 5 July 2025Section of Pakovraće - Požega highway officially opened
-
Belgrade, 2 July 2025Technical specifications defined for Serbia-Hungary oil pipeline
-
Belgrade, 30 June 2025IMF confirms Serbia successfully implementing all agreed reforms
-
Belgrade, 27 June 2025Double Taxation Avoidance Agreement with Germany signed
-
Kostolac, 25 June 2025Construction of Kostolac wind farm nearing completion
-
Belgrade, 24 June 2025Government supports request for new postponement of sanctions against NIS
-
Belgrade, 23 June 2025Procedures to facilitate sale of Serbian products to China to be accelerated
-
Belgrade, 21 June 2025Serbia receives first funds under Growth Plan for the Western Balkans
-
Belgrade/Cairo, 20 June 2025New phase in relations with Egypt in field of agriculture