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Home/News/We will invest 300 milion euros in Serbian wine production over the next ten years

We will invest 300 milion euros in Serbian wine production over the next ten years

Prime Minister Ana Brnabic on the strategy for the development of viticulture from 2020 to 2030. State helps through incentives for new plantings and subsidies for equipment.
By the end of February, the Strategy for the Development of Wine and Viticulture from 2020 to 2030 will be adopted. This is the first time a ten-year plan for the development of this sector has been made. Prime Minister Ana Brnabic said at the manifestation “St. Triphun on the Savski Venac”, organized for the first time by the Association of Serbian Winegrowers and Viticulturists, that the strategy will help to present Serbia and Serbian wines as well as possible to the world.
Brnabic announced that around 300 million euros will be invested in the development of winemaking and viticulture over the next decade.
– Wine exports in 2018 were around 19 million euros, and we are just expecting data for last year. There is certainly a strong upward trend and even better results are expected in 2020 and 2021 – said the Prime Minister.
– The state supports the development of winemaking and viticulture through incentives for new plantations, reimbursement of costs, subsidies for equipment. Viticulture is an important sector for Serbian tourism, since wine routes are the fastest growing part of tourism globally. Winemaking has the potential to grow like an IT industry that grows 26 or 27 percent annually. The Prime Minister said that Serbia receives significant support from the EU for the development of winemaking and viticulture through the IPARD program, where farmers are being funded with up to one million euros, Novosti reports.