Red tape hampers IKEA investment, says PM

The Serbian government supports the arrival of Swedish furniture maker IKEA, PM Ivica Dačić has said after meeting the company's representatives.

Izvor: Beta

Wednesday, 28.11.2012.

14:15

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BELGRADE The Serbian government supports the arrival of Swedish furniture maker IKEA, PM Ivica Dacic has said after meeting the company's representatives. The meeting in Belgrade on Monday "discussed the company's plans for investing in Serbia". Red tape hampers IKEA investment, says PM According to Dacic, quoted in a government press release, "is necessary to speed up the bureaucracy in order to complete the investment". IKEA announced recently that it had not given up its investment in Serbia, despite the difficulties surrounding the building process and complicated and unclear administrative procedures. For more than a year now the company has been preparing for building its stores in Serbia, Beta news agency is reporting. The plan is to open the first one in Belgrade, and then another four across the country. The IKEA investment has been estimated at EUR 250 million, and would create nearly 1,500 new jobs. Beta Tanjug

Red tape hampers IKEA investment, says PM

According to Dačić, quoted in a government press release, "is necessary to speed up the bureaucracy in order to complete the investment".

IKEA announced recently that it had not given up its investment in Serbia, despite the difficulties surrounding the building process and complicated and unclear administrative procedures.

For more than a year now the company has been preparing for building its stores in Serbia, Beta news agency is reporting.

The plan is to open the first one in Belgrade, and then another four across the country. The IKEA investment has been estimated at EUR 250 million, and would create nearly 1,500 new jobs.

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