Serbia is helping the Zrenjanin oil mill to build a new plant

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The Zrenjanin company “Diamant” has signed a contract with the Ministry of Economy, in which it receives 5.4 million euros of state subsidies from the state for the project of building a new and more efficient factory for the production of crude and edible oil in Zrenjanin, Nova ekonomija writes.

As stated, the new factory should employ at least 30 new workers by the end of 2024, and “Diamant” is obliged to invest at least 32.6 million euros in the same period.

The state aid will be paid in three installments, so that 2.2 million euros will be paid to “Diamond” this year, 1.8 million euros in 2023, and 1.4 million euros in 2024.

“Diamant” undertook to employ five workers in 2022, ten workers in 2023 and 15 new workers in 2024.

The company is owned by the “Fortenova Group”, before that it was owned by the Croatian concert Agrokor, and at the beginning of the 2000s numerous court cases and investigations were conducted regarding its privatization, in which it was revealed that the deceased were the owners of the shares and that they had paid for them. extra profit tax.

At the time of submitting the application for the grant of subsidies, in December 2021, “Diamond” employed 674 workers in Serbia.

The factory dates back to 1938, when it was originally called the oil factory “Belgrade” in the former Petvrograd, but after the war, more precisely in 1951, the oil factory took the name “2.oktobar”.

In 1971, a margarine factory was opened, and the oil mill was registered as the “Zrenjanin” Oil Industry with OOURs “Diamant”, “Bima”, “Uljara” and the Working Union, Danas reports.