To the company “Ariston Climate Solutions d.o.o.”, based in Svilajnec, the first tranche of subsidies of four million euros was paid on November 21st, while the rest will be paid by 2027 in four more tranches. The total value of the incentives will be 22.2 million euros, according to data from the Ministry of Economy. This is one of the biggest investments announced in the current election campaign.
Before that, the state announced the arrival of the “PWO SEE” factory, which will open factories in Čačak and Kragujevac with a subsidy of 17 million euros, and this company has already employed former workers from the closed Gorenja factory and thus fulfilled the employment obligation.
On October 9th this year, the Ministry of Economy signed a contract with the company “Ariston”, which states that the funds will be paid as support for the realization of an investment in a plant for the production of household electrical appliances in Niš, which will employ at least 300 workers indefinite period of time.
The company needs to invest in tangible and intangible assets worth at least 75 million euros by the end of 2026, of which at least 25 percent will be financed from its own resources.
Ariston Climate Solutions will have to pay its employees at least 20 percent more than the minimum wage, and high school students, or students at the company’s headquarters, will be able to come to practice in the factory’s production plant.
The incentives stipulated in the contract will be paid in a total of five tranches, but on the condition that certain conditions are met.
The first one, as already mentioned, was paid, and on the condition that the company invested eight million euros in the investment.
The second tranche, as can be seen from the contract, would be paid the following year after “Ariston” provides evidence that it has fulfilled the investment obligation of 15 million euros and hired ten new workers for an indefinite period.
The third in order will be paid in 2025 in the amount of 7.2 million euros, after the company invests 28 million euros and hires 90 new workers for an indefinite period, and the fourth in 2026 in the amount of 6 million euros after an investment of 24 million euros and the employment of another 100 workers for an indefinite period.
The fifth in order will amount to one million euros and it will be in 2027, but under the condition that “Ariston” employed 100 new workers for an indefinite period and did not reduce the achieved value of tangible and intangible assets.
New Economy previously wrote about the arrival of the Ariston Climate Solutions factory when Serbian President Aleksandar Vučić announced it, but also the Ministry of Economy almost two weeks earlier.
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