News 17 Jan 13

Swarovski to Build Factory in Serbia

The Austrian company is to start construction of a factory in the town of Subotica in northern Serbia in June.

Tanjug, B92
Belgrade

The construction of the new Swarovski factory will start in June and should be complete by late 2014, Mladjan Dinkic, Serbia's finance minister, said on January 16, after meeting Swarovski managers in Vienna.

The luxury crystal producer is expected to employ about 550 workers in Subotica, a northern town bordering Hungary.

The company plans to invest €15 million in the 15,000-square-metre plant. Production will be entirely intended for export.

Swarovski started cooperation with the Serbian government in November 2011, when the company signed a memorandum on the investment with the government.

In March 2012, the town of Subotica granted Swarovski 7.8 hectares of publicly-owned land for the factory.

Swarovski specialises in the production of crystals for jewellery and decorative pieces, as well as materials made of crystal for the fashion industry and crystal chandeliers.

The company employs about 24,840 people in 120 countries worldwide.

Talk about it!

blog comments powered by Disqus

Related Headlines:

bulgaria-serbia-put-high-hopes-on-joint-pipeline-01-19-2017-2
20 Jan 17

Bulgaria, Serbia Voice High Hopes About Gas Pipeline

Ministers of Bulgaria and Serbia have agreed a gas interconnector should become fully operational by 2020, helping both countries reduce their dependency on Russian energy.

20 Jan 17

Balkan States Eye Their Prospects in Trump Era

19 Jan 17

Trump and Trepidation

19 Jan 17

Russia May Recognise Kosovo, UK Expert Says

Premium Selection

kosovo-s-serbs-feel-frightened-insecure-and-misused-01-19-2017
19 Jan 17

Kosovo’s Serbs Feel Frightened, Insecure and Misused

Serbs in Kosovo say that the recent ‘propaganda train’ dispute between Belgrade and Pristina left them worried about their security and fearful that they are being used as political pawns.

bulgaria-s-new-president-may-disappoint-russia-s-fans-01-19-2017
19 Jan 17

Bulgaria’s New President May Disappoint Russia’s Fans

Bulgarian Socialists want Rumen Radev to live up to his reputation as Russia’s friend - but experts doubt that he will do much to change the country’s fundamental Euro-Atlantic orientation. 

18 Jan 17

Serbia Urged to Build on Results of 2016

17 Jan 17

Dodik’s Secession Talk Keeps Bosnia on Edge

17 Jan 17

Young Albanians Strike Gold in the Emirates

Latest News from the Balkans

19 Jan 17

Russia May Recognise Kosovo, UK Expert Says

18 Jan 17

Putin’s Old Moldova Map Alarms Romania