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Home/News/ATM producer NCR to invest $400 mln in Serbia

ATM producer NCR to invest $400 mln in Serbia

US automated teller machine (ATM) producer National Cash Register’s (NCR) plans to invest a total of $400 million (370.9 million euro) in Serbia in the next ten years, the company’s CEO William Nuti said.

“In terms of the size of our investment, over ten years, between salaries and infrastructure, the investment will be approximately $400 million,” Nuti said in an audio file posted on the Serbian government’s website late on Tuesday.

Serbia signed a public-private partnership agreement with NCR on Tuesday for the launch of a campus in the country that will provide continuous learning opportunities and will lead to the opening of around 1,500 jobs by the US company in the next three years, the government said in a statement.

The campus will be world-class as NCR is truly dedicated to Serbia and to its long-term investment in the country, Nuti said on the sidelines of the official ceremony for the signing of the contract, as quoted by the government.

The construction of the campus, to be located in Block 42 of New Belgrade municipality of Serbia’s capital, will be completed in a period of between 18 and 24 months, Serbian prime minister Aleksandar Vucic said in the statement.

NCR currently has 2,134 employees in Serbia and plans to lift their number to 3,634, becoming the largest employer in the country, Vucic added.

The US company opened a remote services support centre in Belgrade, with some 300 employees, in 2012.

NCR produces self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, barcode scanners, and business consumables.