Aleksandar Vučić is attending today the ceremony on the occasion of the beginning of works on the construction of the repair facility of the German company MTU.
Vučić attending ceremony: MTU Maintenance’s new repair facility opens in Serbia VIDEO
Aleksandar Vučić is attending today the ceremony on the occasion of the beginning of works on the construction of the repair facility of the German company MTU.
Source: B92, Tanjug
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Foto: Tanjug/ZORAN ZESTIC
"I've been dreaming about this day for three years," the President of Serbia said on that occasion.
As he said, these are fantastic investors, it will be a big change for Nova Pazova, because it brings something new, and much more income for Pazova.
"A number of our children from the technical school in Pazova will be employed," he said.
We had great competitor in this project in one EU country, but the investment came to us because we fought for it, the President of Serbia pointed out.
"We care about employing our people, here the salary will be three times higher than the average salary in Serbia," said Vucic.
"In the second quarter, we expect a growth of 15 percent," Vucic pointed out. "MTU is a very reliable partner for us, and everything is in reliability, trust and safety," said Vučić.
"I am proud and sure that we will do a lot more together in Serbia. We will continue to fight for investments from Germany," said Vucic.
The President stated that today we have 70.789 employees in German companies on the territory of Serbia.
German company MTU Aero Engines, a leading manufacturer of aircraft engines and a global player in the aviation industry, today in Nova Pazova began work on the construction of a factory facility for repairing aircraft engines MTU Maintenance Serbia, in the presence of Serbian President Aleksandar Vučić.
Vučić previously held a meeting with MTU representatives.
The investment is worth a total of about 100 million euros, and in the first phase, up to 500 people will be employed, and a total of 1.800 to 2.000 jobs will be created.
As previously announced, the MTU plant in Serbia will be able to perform about 400.000 hours of overhaul a year.
The launch of the works is attended by the Provincial Prime Minister Igor Mirović, the Minister of Economy Andjelka Atanasković, the Ambassador of Germany Thomas Schieb and the representatives of MTU. Rainer Becker, project manager and CEO of MTU Maintenance Serbia, said that today is the beginning of a fantastic journey for the entire MTU. "We already have 60 people employed here," he pointed out.
"We will build a state-of-the-art factory for the production of parts for aircraft engines here," Becker pointed out.
The factory will be built in the newly formed industrial zone, which is only 25 kilometers from Belgrade's "Nikola Tesla" airport.
MTU has its worldwide network of locations by opening a new facility for repairing engine parts in Nova Pazova, Serbia. The company announced yesterday that the President of Serbia, Aleksandar Vučić, recognized that investment as a key and decisive step for the development of the aviation industry in Serbia.
MTU Aero Engines is a leading aircraft engine manufacturer and a global player in the industry. MTU is also a technological leader in the field of low pressure turbines, high pressure compressors, central turbine frames as well as production processes and repair techniques.
As part of its commercial OEM business, the company plays a key role in the development, production and marketing of high-tech components together with international partners. About 30 percent of today's active aircraft worldwide have built-in MTU components.
In the commercial maintenance sector, the company is among the three largest service providers for commercial aircraft engines and industrial gas turbines.
In the military sector, MTU Aero Engines is the industry leader in Germany for virtually all engines used by the country's armed forces. The company was founded in 1934 in Munich, and is present in 15 countries around the world, including Great Britain, France, the Netherlands, Poland, the USA, Canada... Among other things, it deals with the design, development, production and support for engines for commercial and military aircraft. By the way, MTU has a leading role in providing maintenance and service for the V2500 engine, the engine found in the current Airbus A 320 aircraft.
In the military field, MTU is the dominant company when it comes to engines used by the German military aviation.
"The industrial park has the potential for growth, for example, to attract our suppliers and partners," project manager and CEO of MTU Maintenance Serbia Rainer Becker said yesterday.
The company states in a statement that a team of about 30 MTU experts from various fields is currently actively engaged in Nova Pazova. The project team has already defined the factory and process technologies, so it was possible to procure complex machines early, which take a long time to deliver. "The entire planning is done in close co-operation with the relevant authorities in Serbia to ensure that the new building complies with all regulations and specifications," Becker explained.
The company emphasized that in parallel with the construction of the new factory, it started hiring qualified workers and training future experts.
MTU announced that the current cooperation with the Ministry of Education of Serbia, as well as universities, schools and the Aviation Academy in Belgrade, has shown that there is a high level of qualification of the workforce.
"We are very pleased with the openness, great interest, and constructive cooperation," said Johann Triebenbacher, who heads the sub-projects "Training Center Serbia" and "Training at Work in Serbia".
He added that additional training of staff will be initiated in order to improve the existing qualifications. It is reminded that MTU and the Government of Serbia signed a statement on cooperation in the field of dual education of professional workers in 2019, as is the practice in Germany. This will provide the technical foundations needed for a high-tech industry such as aviation, the statement explained.
The "On-the-job training" (OJT) program will begin in 2024 at the existing MTU locations, with the goal of being implemented exclusively in Serbia, the company states.
The company employed about 10.000 workers last year and reported consolidated sales of nearly four billion euros.
It will take some time but the way Serbia is heading it will be a great place to live with high wages. I have said it many times Vucic has done a brilliant job of attracting investment and I like to give credit where credit is due. These days politicians like Vucic are extremely rare because most are liars and crooks. I know I have dealt with many.
On the issue of Croatia, I work in the finance area and know the financial situation of all EU members very well. A lot of this information is not available to the public nor on the internet.
For years I used to listen to Croats boast about the wealth of Croatia and how they and Slovenia carried Serbia. Well, where it that wealth now? Surely once they lifted Serbia off their backs Croatia would in the words of Franjo Tudjman be able to “achieve the same living standard as Switzerland”.
Yes, they could if Serbia would carry them as it did in Yugoslavia, but that is all over. Yes, its fact that the Croatian annual budget consists of 60% EU funds. Without this Croatia would look like Chad. Zagreb has to apply for EU funds to reconstruct the earthquake damaged buildings. It has to submit a detailed proposal prior to receiving any money then it’s inspected after completion. Brussels is no longer just throwing money around like confetti. If Croatia is so rich, why do they need EU funds? Because BS rises to the surface sooner or later.
(sj, 8 July 2021 14:19)
Well said SJ, i wont comment about the croatia portion, however everything else is spot on correct.
A big problem with Serbia is/was not enough was not enough jobs. Where people had to compete with the little available, which resulted in reduced wages as people took what they could get. Now that more companies come, the tables are turning where companies are competing for labour, this is forcing them to increase wages.
I myself (electrical engineer), have been closely watching the growth, and I am seriously considering of moving to Serbia in next few years. Especially which how things are developing there.
(M, 8 July 2021 01:18)
I’m not sure whether to laugh at you. The company in question does not produce broom handles or toothpicks. It’s involved in a highly technical area that requires highly qualified employees. On the issue of higher wages, well in order to attract the right staff they need to pay more. At the moment these wages would not be comparable to the ones paid in Germany but they would be higher than those paid in Serbia. Why do you think they relocated in Serbia? Because the costs are lower.
Yes, there will be German management in the facility, but the technical staff will be Serbs.
How do you think Germany started after WW2? Or China? Yes, they both did exactly the same as Serbia is doing today.
Of the former Yugoslav republics which can claim investment on the same scale as Serbia????? As I said rich Croatia “propped” up Yugoslavia but today its annual budget comprises of 60% of EU funds.
Or maybe they did all of this just to make Vucic look good and its all fake - Germany's MTU breaks ground for engine repair facility in Serbia - [link]
(sj, 7 July 2021 12:47)
If this article above is intended to convince those not living in Serbia that the economy is booming, then I have a bridge in Beograd for sale. Certainly most Serbs would just snicker at such a ridiculous assumption. If there is even the slightest hint of truth to such an assertion, then where are all these high paying jobs for Serbian citizens. If the these jobs exist, then they must be for the Germans sent from their companies to fill these high paying jobs since Serbs are not deemed qualified!
(Radoljub, 6 July 2021 12:57)
What not in Croatia? How is that possible when they have rich Croatia at their disposal, oh wait the EU funds 60% of Zagreb's annual budget each and every year. Maybe that's way.
What about Kosova? Surely the Germans would be more than willing to open up facilities there since they recognise its so called independence?
But if the Americans refuse to open anything there why would the Germans.
Yet we see on this site Albos claiming that there are still 1.8 million or some claim over 2 million of their fellow Albos still living in Kosovo. Little to no jobs yet all these people live there. I wonder how they manage it?
(sj, 5 July 2021 13:39)
It will take some time but the way Serbia is heading it will be a great place to live with high wages. I have said it many times Vucic has done a brilliant job of attracting investment and I like to give credit where credit is due. These days politicians like Vucic are extremely rare because most are liars and crooks. I know I have dealt with many.
On the issue of Croatia, I work in the finance area and know the financial situation of all EU members very well. A lot of this information is not available to the public nor on the internet.
For years I used to listen to Croats boast about the wealth of Croatia and how they and Slovenia carried Serbia. Well, where it that wealth now? Surely once they lifted Serbia off their backs Croatia would in the words of Franjo Tudjman be able to “achieve the same living standard as Switzerland”.
Yes, they could if Serbia would carry them as it did in Yugoslavia, but that is all over. Yes, its fact that the Croatian annual budget consists of 60% EU funds. Without this Croatia would look like Chad. Zagreb has to apply for EU funds to reconstruct the earthquake damaged buildings. It has to submit a detailed proposal prior to receiving any money then it’s inspected after completion. Brussels is no longer just throwing money around like confetti. If Croatia is so rich, why do they need EU funds? Because BS rises to the surface sooner or later.
(sj, 8 July 2021 14:19)
What not in Croatia? How is that possible when they have rich Croatia at their disposal, oh wait the EU funds 60% of Zagreb's annual budget each and every year. Maybe that's way.
What about Kosova? Surely the Germans would be more than willing to open up facilities there since they recognise its so called independence?
But if the Americans refuse to open anything there why would the Germans.
Yet we see on this site Albos claiming that there are still 1.8 million or some claim over 2 million of their fellow Albos still living in Kosovo. Little to no jobs yet all these people live there. I wonder how they manage it?
(sj, 5 July 2021 13:39)
If this article above is intended to convince those not living in Serbia that the economy is booming, then I have a bridge in Beograd for sale. Certainly most Serbs would just snicker at such a ridiculous assumption. If there is even the slightest hint of truth to such an assertion, then where are all these high paying jobs for Serbian citizens. If the these jobs exist, then they must be for the Germans sent from their companies to fill these high paying jobs since Serbs are not deemed qualified!
(Radoljub, 6 July 2021 12:57)
I’m not sure whether to laugh at you. The company in question does not produce broom handles or toothpicks. It’s involved in a highly technical area that requires highly qualified employees. On the issue of higher wages, well in order to attract the right staff they need to pay more. At the moment these wages would not be comparable to the ones paid in Germany but they would be higher than those paid in Serbia. Why do you think they relocated in Serbia? Because the costs are lower.
Yes, there will be German management in the facility, but the technical staff will be Serbs.
How do you think Germany started after WW2? Or China? Yes, they both did exactly the same as Serbia is doing today.
Of the former Yugoslav republics which can claim investment on the same scale as Serbia????? As I said rich Croatia “propped” up Yugoslavia but today its annual budget comprises of 60% of EU funds.
Or maybe they did all of this just to make Vucic look good and its all fake - Germany's MTU breaks ground for engine repair facility in Serbia - [link]
(sj, 7 July 2021 12:47)
Well said SJ, i wont comment about the croatia portion, however everything else is spot on correct.
A big problem with Serbia is/was not enough was not enough jobs. Where people had to compete with the little available, which resulted in reduced wages as people took what they could get. Now that more companies come, the tables are turning where companies are competing for labour, this is forcing them to increase wages.
I myself (electrical engineer), have been closely watching the growth, and I am seriously considering of moving to Serbia in next few years. Especially which how things are developing there.
(M, 8 July 2021 01:18)
What not in Croatia? How is that possible when they have rich Croatia at their disposal, oh wait the EU funds 60% of Zagreb's annual budget each and every year. Maybe that's way.
What about Kosova? Surely the Germans would be more than willing to open up facilities there since they recognise its so called independence?
But if the Americans refuse to open anything there why would the Germans.
Yet we see on this site Albos claiming that there are still 1.8 million or some claim over 2 million of their fellow Albos still living in Kosovo. Little to no jobs yet all these people live there. I wonder how they manage it?
(sj, 5 July 2021 13:39)
If this article above is intended to convince those not living in Serbia that the economy is booming, then I have a bridge in Beograd for sale. Certainly most Serbs would just snicker at such a ridiculous assumption. If there is even the slightest hint of truth to such an assertion, then where are all these high paying jobs for Serbian citizens. If the these jobs exist, then they must be for the Germans sent from their companies to fill these high paying jobs since Serbs are not deemed qualified!
(Radoljub, 6 July 2021 12:57)
Well said SJ, i wont comment about the croatia portion, however everything else is spot on correct.
A big problem with Serbia is/was not enough was not enough jobs. Where people had to compete with the little available, which resulted in reduced wages as people took what they could get. Now that more companies come, the tables are turning where companies are competing for labour, this is forcing them to increase wages.
I myself (electrical engineer), have been closely watching the growth, and I am seriously considering of moving to Serbia in next few years. Especially which how things are developing there.
(M, 8 July 2021 01:18)
I’m not sure whether to laugh at you. The company in question does not produce broom handles or toothpicks. It’s involved in a highly technical area that requires highly qualified employees. On the issue of higher wages, well in order to attract the right staff they need to pay more. At the moment these wages would not be comparable to the ones paid in Germany but they would be higher than those paid in Serbia. Why do you think they relocated in Serbia? Because the costs are lower.
Yes, there will be German management in the facility, but the technical staff will be Serbs.
How do you think Germany started after WW2? Or China? Yes, they both did exactly the same as Serbia is doing today.
Of the former Yugoslav republics which can claim investment on the same scale as Serbia????? As I said rich Croatia “propped” up Yugoslavia but today its annual budget comprises of 60% of EU funds.
Or maybe they did all of this just to make Vucic look good and its all fake - Germany's MTU breaks ground for engine repair facility in Serbia - [link]
(sj, 7 July 2021 12:47)
It will take some time but the way Serbia is heading it will be a great place to live with high wages. I have said it many times Vucic has done a brilliant job of attracting investment and I like to give credit where credit is due. These days politicians like Vucic are extremely rare because most are liars and crooks. I know I have dealt with many.
On the issue of Croatia, I work in the finance area and know the financial situation of all EU members very well. A lot of this information is not available to the public nor on the internet.
For years I used to listen to Croats boast about the wealth of Croatia and how they and Slovenia carried Serbia. Well, where it that wealth now? Surely once they lifted Serbia off their backs Croatia would in the words of Franjo Tudjman be able to “achieve the same living standard as Switzerland”.
Yes, they could if Serbia would carry them as it did in Yugoslavia, but that is all over. Yes, its fact that the Croatian annual budget consists of 60% EU funds. Without this Croatia would look like Chad. Zagreb has to apply for EU funds to reconstruct the earthquake damaged buildings. It has to submit a detailed proposal prior to receiving any money then it’s inspected after completion. Brussels is no longer just throwing money around like confetti. If Croatia is so rich, why do they need EU funds? Because BS rises to the surface sooner or later.
(sj, 8 July 2021 14:19)
