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

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search