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:

still-no-agreement-between-serbian-president-and-prime-minister-02-19-2017
20 Feb 17

Serbian President Nikolic Abandons Bid for Second Term

Serbian President Tomislav Nikolic announced he had given up plans to run for another term after a meeting on Monday with Serbian Prime Minister Aleksandar Vucic.

20 Feb 17

The Balkans Today: 20th - 24th February 2017

Premium Selection

gifts-to-serbia-s-military-come-at-a-cost-02-15-2017
20 Feb 17

‘Gifts’ to Serbia’s Military Come at a Cost

Serbia is hurriedly beefing up its military stocks but Russian and Belarusian donations of fighter jets will likely cost hundreds of million euros, since they are out of date and may require pricey adaptation.

croatia-s-biggest-retailer-struggles-to-avoid-collapse-02-19-2017
20 Feb 17

Croatia’s Biggest Retailer Struggles to Avoid Collapse

The biggest retail company in the region, Croatia’s Agrokor, is facing an uncertain future due to its accumulated debt, and analysts say urgent measures are required to save it from demise.