Highlights of the Month

IGB Automotive new investments in Serbia

On January 24th, German company IGB Automotive opened new production facility in Indjija worth 4.5 million euros.

IGB Automotive is part of I.G.Bauerhin GmbH that has production facilities in several countries. The factory in Serbia that was opened in 2007 is the largest one and, according to the company data employs 2,200 people, which is the largest number of workers.

The company management announced further expansion in Serbia, cooperation with the universities in order to find adequate highly educated engineers and develop the company in a long term.

The opening ceremony was attended by Serbian Prime Minister Aleksandar Vucic, German Ambassador Axel Dittmann, high representatives of IGB Automotive and I.G.Bauerhin GmbH, and others.

Visit us at PRODEXPO

Within the National stand of Serbia, Serbian producers will present their products and services at the international food fair Prodexpo, that takes place from February 6-10, in Moscow, Russian Federation.

Development Agency of Serbia together with Chamber of Commerce and Industry Serbia are organizing National stand of Serbia where 12 companies will present their products. Visitors will have a chance to taste quality food from: Master Frigo, Vocar, ITN group, Kalman, Moravac, Inter-Food, PIK Becej, Meggle, Kuc Company, Ylatiborac, Fruvita, Vino Kalem.

Visit us at Prodexpo at Pavilion 8, Hall 2, stand 82B35, and enjoy tasteful food from Serbia!

Serbia welcomed Bank of China  

Serbian financial marked welcomed one of the biggest financial institutions in China. On January 21st, Bank of China officially started its operations in Serbia.

At the opening ceremony it was announced that the Belgrade-based Bank of China will cover all former Yugoslavian countries, as well as Greece, Romania, Bulgaria and Albania.

The opening ceremony was attended by President of Serbia, Ambassador of China to Serbia Li Manchang, and other high officials.

Benefits for Investors

At the beginning of January, Government of Serbia adopted new Regulation on Terms and Conditions for Attracting Direct Investment. 

For detail information, please see HERE.

New investment in Sombor

On January 10th, Bangladesh-based textile Company Pretty Group and Serbian Ministry of Economy signed an agreement for starting a production facility in Sombor. Pretty Group plans to invest 14.3 million euros and employ 1,100 workers. As it was announced at the signing ceremony, new textile factory will have annual production capacity of 2.4 million production units. 

Air Serbia - 2017 Airline Market Leader

Serbian national airline company Air Serbia is this year’s Airline Market Leader. This was announced by the Air Transport World (ATW), the leading media brand serving the information needs of the global airline and commercial air transport communities.

Phenomenal progress, innovative products and services and business strategy were some of the key reasons that ATW’s editorial team chose Air Serbia. 

For more information, please see HERE.