The Ministry of Economy has signed a contract to award almost one million euros to Victory Solutions for an investment project involving the recruitment of 300 workers.
The contract, announced at the beginning of December, states that Victory Solutions will be paid a total of 988.402 euros or about 3.300 euros per new job.
Victory Solutions had only one employee at the time of applying for funds, and in 2018 it had 281.4 million serbian dinars in operating income.
Payments will be made in three tranches: the first in 2020 in the amount of 329,533 euros, the second in 2021 in the amount of 226,442 euros and the third in 2022 in the amount of 432,425 euros.
In addition to hiring 300 new workers, the company has pledged to pay at least 20 percent more than the minimum wage. The contract shows that the investment project concerns the production of special parts for railway and tram locomotives and wagons, as well as the production of bodywork for motor vehicles, trailers and semi-trailers.
Victory Solutions bought Smederevo’s Zelvoz in 2017 for 167 million dinars, and with that purchase it reached 20 hectares of land, with about 95,000 square meters of halls and facilities, Insider wrote.
Zelvoz’s s debt was more than 4 billion Serbian dinars before the sale, however, the buyer with the company did not take over the debts.
According to APR, Victory Solutions is owned by Jasna Perencevic, who is described by the media as a former model.
