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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

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