Home / Knowledge / News / Textiles / Arrival of export-oriented companies to boost economy
Arrival of export-oriented companies to boost economy
Nov '10
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said in Leskovac that the arrival of export-oriented companies to Serbia will have a positive effect on foreign trade and employment growth.

In Leskovac, Dinkic attended the beginning of construction of a new factory of German socks maker Falke, which will open 600 new jobs in next two years owing to the Programme of investment incentives of the Ministry of Economy.

He said that Falke´s new factory will have been completed by April next year, which will give a chance to Leskovac to become a center of textile industry again, because the products of this famous brand will be exported worldwide.

The arrival of export-oriented companies such as Falke, Fiat, Norma Group and many others will have a positive effect on the country's foreign trade balance.

Falke company will invest a total of €10 million in Serbia and will build a factory at 15,000 square meters, from the initially planned 12,000 square meters, he said.

Dinkic specified that the Ministry of Economy supported this investment with €4,000 per every new employee.

These incentives will be returned to the state budget through taxes and contributions that will be paid for employees, Dinkic stressed.

The Deputy Prime Minister pointed out that domestic and foreign investors have absolutely the same conditions for investment and incentives and noted that every investor who is serious and capable of meeting requirements and providing a bank guarantee can get incentives for investment.

More than a half of companies that obtained incentives via the programme of the Ministry of Economy and the Investment and Export Promotion Agency are domestic investors.

Dinkic presented labour contracts to first 25 employees in Leskovac, eight of whom will be hired in Falke´s training center in the school for textile and design in Leskovac, while others will be sent to training to Germany.

Government of the Republic of Serbia

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search