Dinkić: Year of recovery, not development

Economy Minister Mladjan Dinkic says that the second year of the government’s mandate “won’t be year of development, but of recovery.” Dinkic made the comments during an official dinner in the village of Krcedin, in Indjija municipality, hosted by Municipal President Goran Jesic. He said that the question was how much time Serbia would require to return to its pre-crisis level. Dinkic: Year of recovery, not development The minister said that one of the opportunities for Serbia was the forecast that manufacturers from developed and wealthy countries would relocate to countries where investment was more profitable and production cheaper, like in Serbia. In his opinion, the first year of the government’s mandate had been a struggle to survive, as it had been unrealistic to expect Serbia to develop in the midst of the global economic downturn. Deputy Prime Minister Bozidar Djelic said that one of the biggest Greenfield investments of the year had been the construction of an EUR 80mn factory in Indjija by the Danish irrigation equipment manufacturer, Grundfos. Vojvodina First Minister Bojan Pajtic called on investors to come to Vojvodina, adding that the provincial authorities would offer a stimulus of EUR 1,300 for every new job created. Jesic said that Indjija would attract between EUR 130 and 140mn of Greenfield investment this year, and thanked the Vojvodina Investment Promotion Fund and the Serbia Investment and Export Promotion Agency for helping the municipality attract investors. Yesterday’s dinner was designed to establish further cooperation with domestic and foreign investors. Indjija is Serbia’s leader in terms of Greenfield investment, having attracted over EUR 300mn. Mladjan Dinkic (FoNet, archive)

Dinkić: Year of recovery, not development

The minister said that one of the opportunities for Serbia was the forecast that manufacturers from developed and wealthy countries would relocate to countries where investment was more profitable and production cheaper, like in Serbia.

In his opinion, the first year of the government’s mandate had been a struggle to survive, as it had been unrealistic to expect Serbia to develop in the midst of the global economic downturn.

Deputy Prime Minister Božidar Đelić said that one of the biggest Greenfield investments of the year had been the construction of an EUR 80mn factory in Inđija by the Danish irrigation equipment manufacturer, Grundfos.

Vojvodina First Minister Bojan Pajtić called on investors to come to Vojvodina, adding that the provincial authorities would offer a stimulus of EUR 1,300 for every new job created.

Ješić said that Inđija would attract between EUR 130 and 140mn of Greenfield investment this year, and thanked the Vojvodina Investment Promotion Fund and the Serbia Investment and Export Promotion Agency for helping the municipality attract investors.

Yesterday’s dinner was designed to establish further cooperation with domestic and foreign investors.

Inđija is Serbia’s leader in terms of Greenfield investment, having attracted over EUR 300mn.