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:

socialists-loose-mp-while-pushing-for-waste-import-09-30-2016
30 Sep 16

Key Rama Critic Quits Albania's Ruling Party

Ben Blushi, a long-time critic of Albanian PM Edi Rama, has left Rama's governing Socialist Party while lining up with those who oppose the controversial new law on imported waste.

30 Sep 16

Bulgaria MPs Ban Burqa in Public

29 Sep 16

World Bank Upbeat About Western Balkans

Premium Selection

hazy-debate-leaves-bosnian-voters-in-the-dark-09-30-2016-1
30 Sep 16

Local Issues Get Crowded Out in Bosnian Election

The focus on big national topics - such the controversial Bosnian Serb referendum - has pushed important local issues to the margins in the election campaign.

serbs-allege-school-language-bias-in-montenegro-09-30-2016
30 Sep 16

Serbs Allege School Language Bias in Montenegro

Serb organisations in Montenegro are urging the authorities to end what they claim is officially-sanctioned discrimination against the Serbian language and the Cyrillic script in schools.

29 Sep 16

World Bank Upbeat About Western Balkans

Latest News from the Balkans

30 Sep 16

Key Rama Critic Quits Albania's Ruling Party

30 Sep 16

Bulgaria MPs Ban Burqa in Public