Economy Minister Mlađan Dinkić and Fiat Group Vice-President Alfredo Altavilla signed the annex to a contract on joint investments in the Zastava factory.
Good news - these kinds of foreign investment are what have made Skoda and Dacia successful companies today, and helped make Slovakia an important car-making car-making centre. If Renault could revitalize Dacia, FIAT can surely take Zastava's foundations and build upon them - especially if FIAT CEO is looking to lower production costs by moving manufacturing outside of Italy...
The specific enterprise in question is not as important as it's made out to be. 80% (everything but assembly) will be done by the 200 or so sub-contractors for Zastava that existed in Serbia. Only 6 of these sub-contractors are foreign owned.
Plus. How exactly does selling everything to foreigners differ from the rest of Eastern Europe? By the point of transition Serbia is in now Czechs and Hungarisn sold some 70% of industry to foreigners.
Serbia has far less foreign ownership then other Eastern European states. So next time don't make a foolish comment.
Sounds like Kosova-USA needs a lesson in business and economics: Private ownership and investment leads to greater economic growth and job creation compared to state-owned ventures. The fact that the investor here is foreign is not a bad thing. One can argue that participation of foreign investors is healthy for any national economy, as it leads to greater transfer of ideas and technology.
At the same time, if a foreign investor was purchasing assets in [the Serbian province of] Kosovo, I doubt you would be as critical of the transaction.
"Slowly but suraley Serbia will own nothing. Foreign companies will own Serbia.
(Kosova-USA, 23 December 2009 14:41)"
At least there are Serbian assets attractive enough to entice foreigners.
I wonder what assets are there in "Kosova" for foreigners to consider? Oh! Oh! Oh! I know! I know! How about body organs? Pritina and Tirana must have a virtual monopoly as far as this item is concerned!
"Slowly but suraley Serbia will own nothing. Foreign companies will own Serbia.
(Kosova-USA, 23 December 2009 14:41)"
At least there are Serbian assets attractive enough to entice foreigners.
I wonder what assets are there in "Kosova" for foreigners to consider? Oh! Oh! Oh! I know! I know! How about body organs? Pritina and Tirana must have a virtual monopoly as far as this item is concerned!
The specific enterprise in question is not as important as it's made out to be. 80% (everything but assembly) will be done by the 200 or so sub-contractors for Zastava that existed in Serbia. Only 6 of these sub-contractors are foreign owned.
Plus. How exactly does selling everything to foreigners differ from the rest of Eastern Europe? By the point of transition Serbia is in now Czechs and Hungarisn sold some 70% of industry to foreigners.
Serbia has far less foreign ownership then other Eastern European states. So next time don't make a foolish comment.
Sounds like Kosova-USA needs a lesson in business and economics: Private ownership and investment leads to greater economic growth and job creation compared to state-owned ventures. The fact that the investor here is foreign is not a bad thing. One can argue that participation of foreign investors is healthy for any national economy, as it leads to greater transfer of ideas and technology.
At the same time, if a foreign investor was purchasing assets in [the Serbian province of] Kosovo, I doubt you would be as critical of the transaction.
Good news - these kinds of foreign investment are what have made Skoda and Dacia successful companies today, and helped make Slovakia an important car-making car-making centre. If Renault could revitalize Dacia, FIAT can surely take Zastava's foundations and build upon them - especially if FIAT CEO is looking to lower production costs by moving manufacturing outside of Italy...
"Slowly but suraley Serbia will own nothing. Foreign companies will own Serbia.
(Kosova-USA, 23 December 2009 14:41)"
At least there are Serbian assets attractive enough to entice foreigners.
I wonder what assets are there in "Kosova" for foreigners to consider? Oh! Oh! Oh! I know! I know! How about body organs? Pritina and Tirana must have a virtual monopoly as far as this item is concerned!
The specific enterprise in question is not as important as it's made out to be. 80% (everything but assembly) will be done by the 200 or so sub-contractors for Zastava that existed in Serbia. Only 6 of these sub-contractors are foreign owned.
Plus. How exactly does selling everything to foreigners differ from the rest of Eastern Europe? By the point of transition Serbia is in now Czechs and Hungarisn sold some 70% of industry to foreigners.
Serbia has far less foreign ownership then other Eastern European states. So next time don't make a foolish comment.
Sounds like Kosova-USA needs a lesson in business and economics: Private ownership and investment leads to greater economic growth and job creation compared to state-owned ventures. The fact that the investor here is foreign is not a bad thing. One can argue that participation of foreign investors is healthy for any national economy, as it leads to greater transfer of ideas and technology.
At the same time, if a foreign investor was purchasing assets in [the Serbian province of] Kosovo, I doubt you would be as critical of the transaction.
Good news - these kinds of foreign investment are what have made Skoda and Dacia successful companies today, and helped make Slovakia an important car-making car-making centre. If Renault could revitalize Dacia, FIAT can surely take Zastava's foundations and build upon them - especially if FIAT CEO is looking to lower production costs by moving manufacturing outside of Italy...
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