Q:
A:
First investment of Swarovski in Serbia
Belgrade,
10 November 2011
The Ministry of Economy and Regional Development stated that the government at its session today adopted an agreement between the state and the prestigious Austrian investor, company Swarovski, which this Ministry and the company will formally sign in the near future.
The Ministry of Economy and Regional Development and the Serbian Investment and Export Promotion Agency (SIEPA) held negotiations with this company during this year, in cooperation with the Austrian Embassy in Serbia.
Swarovski plans to invest €15 million in the first phase and start the primary production in Subotica which includes processing, putting together and packaging crystals, which will be entirely intended for exports.
Also, there is a possibility of expanding investment in the second phase, which will mean increasing the amount of investments in Serbia.
Swarovski International Holding AG, with headquarters in Switzerland, specialises in the production of crystals for jewellery and decorative pieces, as well as materials made of crystals for the fashion industry and crystal chandeliers.
The company, which employs around 24,840 people in 120 countries worldwide recorded a turnover of €2.25 billion in 2009.
Swarovski plans to invest €15 million in the first phase and start the primary production in Subotica which includes processing, putting together and packaging crystals, which will be entirely intended for exports.
Also, there is a possibility of expanding investment in the second phase, which will mean increasing the amount of investments in Serbia.
Swarovski International Holding AG, with headquarters in Switzerland, specialises in the production of crystals for jewellery and decorative pieces, as well as materials made of crystals for the fashion industry and crystal chandeliers.
The company, which employs around 24,840 people in 120 countries worldwide recorded a turnover of €2.25 billion in 2009.
-
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
-
Belgrade/Athens, 18 June 2025Serbia’s leadership position in power sector