Serbia’s Minister of Finance and Economy Mladjan Dinkic and CEO of Fiat Automobili Srbija (FAS) Antonio Cesare Ferrara signed a protocol which envisages the sale of Fiat 500L in Serbia at a lower price of €10,900. After the signing of the protocol on the stand of Fiat at the Belgrade Fair, Dinkic said that as of today Serbian citizens can buy this car at a price lower by €3,000 than before.
He explained that the state will subsidise from the budget the lower price of Fiat cars in Serbia, adding that car loans will also be available, with the 5-year repayment period and an annual interest rate of 3%.
The Minister said that 5,000 cars will be available for purchase under such conditions this and next year, and noted that Fiat pledged to employ at least 600 workers more in the factory in Kragujevac by the end of the year and another 800 next year and to invest an additional €10 million in equipment.
Dinkic recalled that Fiat has around 2,500 workers at the moment and with the new employees, their number will increase to 4,000 and they will work at the main site of the factory in Kragujevac.
He announced that the employment of new workers will begin in April and that the Kragujevac plant, co-owned by Fiat and the state of Serbia, will introduce a third shift as of next year.
Dinkic specified that the largest amount of Fiat’s output will be exported and a revenue of €1.5 billion is expected this year on that basis.
Source Serbian Government
