Serbia Grants Subsidies to 22 Companies

The selected companies should employ 5,000 workers and invest €120 million in Serbian factories over next three years, Finance Minister Mladjan Dinkic said, adding that the fight against unemployment and to attract investment was a priority.

“The fact that contracts have been signed with companies from Europe, US and China, shows that Serbia is open to investors from all over the world,” Dinkic remarked.

Half the 22 selected companies are domestic, mostly working in food and light industry, while the other half are foreign companies working in the automotive, textile and electronics sectors.

After the footwear manufacturer Geox received fiscal incentives last week, the second biggest beneficiary is the US firm Cooper Standard, which will invest €20 million in a car parts factory in Sremska Mitrovica and employ 500 workers.