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Italian investors pleased with Serbia’s business ambience

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Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Italian Minister for Economic Development Paolo Romani said on Friday that the growth trend of Italian investments in Serbia is unstoppable.

Dinkic stressed that talks are under way with dozens of Italian companies interested in opening businesses and launching production in Serbia, adding that the arrival of Fiat and other car component manufacturers intensified the economic cooperation between the two countries.

He also noted that recently this has expanded to include the textile industry, adding that the most important Italian textile companies in Serbia are Benetton, Calzedonia, Golden Lady, with three factories, and Pompea with two plants.

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It is thanks to these companies that Serbia’s economy marked an increase in the export to import ratio, Dinkic observed, adding that the Serbian export to Italy rose by 44% in 2010.

Dinkic stressed that the car and textile industries are leading industrial branches in Serbia, recalling that there are around 250 Italian companies in Serbia at the moment, dealing in various sectors, from furniture and textile production, to metal and food industries. He also underlined that their turnover amounts to around €2.5 and that they hire 20,000 workers.

Romani stressed that Italian entrepreneurs are quite pleased with business terms in Serbia, announcing the arrival of more investors from Italy.

At the meeting they agreed to continue improving the economic cooperation between their countries, adds the statement by the Ministry of Economy and Regional Development.

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