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A:
Italy’s support strong incentive to Serbia on its EU path
Belgrade,
26 April 2010
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Italian Minister of Economic Development Claudio Scajola signed a joint Declaration today on Establishing a Business Council between their countries.
Author:
Tanjug
Opening the Italy–Serbia “New Opportunities for Economic Cooperation” economic forum, Dinkic stressed that Italy supports Serbia’s EU candidacy, which is a strong incentive for Serbia.
He explained that the goal of the newly-founded council is to further develop the economic relations between Serbia and Italy.
Dinkic said that the Business Council will function as a forum in which businesspeople from these two countries will be able to discuss economic issues, especially in the investment sector, adding that it is to convene at least twice a year, alternately in Serbia and Italy.
Speaking about economic cooperation between Serbia and Italy, the Minister said it has been affirmed that the Kragujevac car producer is one of Fiat’s top priorities, adding that the company will start with trial manufacturing of a new car model by the end of the year.
He announced that after the May Day holiday, talks with the Italian car parts producer Magneti Marelli will begin, noting that this company also wants to build a factory in Kragujevac.
Dinkic announced that in cooperation with Fiat, a summit of car parts producers will be opened in Belgrade on 25 May, which companies from Italy, Germany, France, Austria, Slovenia, South Korea and Japan will attend.
The Deputy Prime Minister stressed that Serbia wants to speed up its economic recovery in the wake of the crisis and will therefore improve investment conditions and the business climate.
He said that Serbia will offer incentives of up to €10,000 per each new employee to all foreign companies that want to invest in the municipalities of Nis, Zajecar, Kraljevo and Novi Pazar.
Dinkic said that the government plans to reduce income tax from 12% to 10% and increase the share of non-taxable wages in order to make Serbia a more attractive investment destination.
Scajola said that the economic crisis has ended, but that some time is needed for economic growth to get back to the level of 2008.
He explained that Italy got over the crisis easier than other countries owing to entrepreneurial skills of its companies in all industries.
Scajola said that Serbia is an important country for Italy which is why Rome supports a quicker integration of Serbia into the EU. President of the Serbian Chamber of Commerce Milos Bugarin said that the 2009 trade volume between the two countries stood at $2.36 billion and that Serbia’s exports to Italy account for 27.6% of its total exports to the EU.
Italy was first-ranked on the list of Serbia’s export destinations in the first two months of the year, when exports totalled $156 million.
He explained that the goal of the newly-founded council is to further develop the economic relations between Serbia and Italy.
Dinkic said that the Business Council will function as a forum in which businesspeople from these two countries will be able to discuss economic issues, especially in the investment sector, adding that it is to convene at least twice a year, alternately in Serbia and Italy.
Speaking about economic cooperation between Serbia and Italy, the Minister said it has been affirmed that the Kragujevac car producer is one of Fiat’s top priorities, adding that the company will start with trial manufacturing of a new car model by the end of the year.
He announced that after the May Day holiday, talks with the Italian car parts producer Magneti Marelli will begin, noting that this company also wants to build a factory in Kragujevac.
Dinkic announced that in cooperation with Fiat, a summit of car parts producers will be opened in Belgrade on 25 May, which companies from Italy, Germany, France, Austria, Slovenia, South Korea and Japan will attend.
The Deputy Prime Minister stressed that Serbia wants to speed up its economic recovery in the wake of the crisis and will therefore improve investment conditions and the business climate.
He said that Serbia will offer incentives of up to €10,000 per each new employee to all foreign companies that want to invest in the municipalities of Nis, Zajecar, Kraljevo and Novi Pazar.
Dinkic said that the government plans to reduce income tax from 12% to 10% and increase the share of non-taxable wages in order to make Serbia a more attractive investment destination.
Scajola said that the economic crisis has ended, but that some time is needed for economic growth to get back to the level of 2008.
He explained that Italy got over the crisis easier than other countries owing to entrepreneurial skills of its companies in all industries.
Scajola said that Serbia is an important country for Italy which is why Rome supports a quicker integration of Serbia into the EU. President of the Serbian Chamber of Commerce Milos Bugarin said that the 2009 trade volume between the two countries stood at $2.36 billion and that Serbia’s exports to Italy account for 27.6% of its total exports to the EU.
Italy was first-ranked on the list of Serbia’s export destinations in the first two months of the year, when exports totalled $156 million.
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