Benetton to open factory in Serbia

Yes Lenard it means that the government is effectively paying the workers wages for the first year.

This is the type of activity that countries have to involve themselves in to attract foreign investors.

After the first year the wages will come from elsewhere...

Wohaaa this is great news! Hope it will be cheaper to buy their products here :)

Right on bganon! Totally agree with you! Its short term investment by the government for long term return on employment. & at 4500 EUR net, that's basically 9000 EUR gross. One year only.

The strategy of brining employment to Serbia as adopted by the Serbian Government is exactly the same as the one employed by the Chinese during their early development stages. In a few years the initial outlay will be insignificant compared to the benefits of raising the Serbian economy to first world standards. I don’t see much happening in the surrounding countries – I’m curious to know when will the west do the same for the Albanians in Kosovo??????????

The average net salary in Serbia in December 2010 was EUR 375. Lets see 375 a month 12 months = 4500 makes perfect sense. Serbian government pledging EUR 9,000 in subsidies for every job created, the Economy and Regional Development Ministry has announced.

Woo, we're becoming a sweatshop factory country. :P

But in all seriousness... I dunno. It's good to some extent... on the other hand it's not something to celebrate about.

As for the 9,000... is it possible that the subsidy might be via tax breaks, not just outright cash handouts?

(KOSO, 30 January 2011 03:57)

Maybe someone from the Albanians can answer this question ”When will the west do bring industry for the Albanians in Kosovo??????????”

Sorry to rain on your parade but 375 EUR is the AVERAGE not the MEDIAN. I think it's safe to assume at least 25 EUR less for a typical wage in SERBIA.

Maybe someone from Serbia can answer this question for us.

The average net salary in Serbia in December 2010 was EUR 375. Lets see 375 a month 12 months = 4500 makes perfect sense. Serbian government pledging EUR 9,000 in subsidies for every job created, the Economy and Regional Development Ministry has announced.

Yes Lenard it means that the government is effectively paying the workers wages for the first year.

This is the type of activity that countries have to involve themselves in to attract foreign investors.

After the first year the wages will come from elsewhere...

Right on bganon! Totally agree with you! Its short term investment by the government for long term return on employment. & at 4500 EUR net, that's basically 9000 EUR gross. One year only.

The strategy of brining employment to Serbia as adopted by the Serbian Government is exactly the same as the one employed by the Chinese during their early development stages. In a few years the initial outlay will be insignificant compared to the benefits of raising the Serbian economy to first world standards. I don’t see much happening in the surrounding countries – I’m curious to know when will the west do the same for the Albanians in Kosovo??????????

Sorry to rain on your parade but 375 EUR is the AVERAGE not the MEDIAN. I think it's safe to assume at least 25 EUR less for a typical wage in SERBIA.

Maybe someone from Serbia can answer this question for us.

(KOSO, 30 January 2011 03:57)

Maybe someone from the Albanians can answer this question ”When will the west do bring industry for the Albanians in Kosovo??????????”

Wohaaa this is great news! Hope it will be cheaper to buy their products here :)

Woo, we're becoming a sweatshop factory country. :P

But in all seriousness... I dunno. It's good to some extent... on the other hand it's not something to celebrate about.

As for the 9,000... is it possible that the subsidy might be via tax breaks, not just outright cash handouts?