Business News

Pahor Opens EUR 21M Worth Plant in Serbia

Belgrade, 02 November (STA) - Prime Minister Borut Pahor and his Serbian counterpart Mirko Cvetkovic inaugurated a zinc plant in Indjija in northern Serbia on Tuesday. Worth EUR 21m, this is the biggest Slovenian investment in Serbia this year.

Pahor said the primary motive behind his working visit to Serbia today was the friendship between the two countries, which he said were taking big steps in economic cooperation.

He congratulated Slovenian investors in Serbia, which he said was Slovenia's reference for the future. The latest investment is good for both economies and signals that Slovenia has successfully overcome the crisis.

He said this was part of the reason for an 11% increase in trade between the countries since his last visit to Serbia ten months ago.

"This is a good sign and I'd like to thank everyone because to me as prime minister this is a moment that we can see results and see that we are on the right path," Pahor was quoted by his office as saying.

The Metal galvanisation plant was built on a 5.6-hectare plot by the Celje-based concern Maksim through its subsidiary Maksim BG. The biggest such plant in the region will initially employ 50 people.

Serbia was Slovenia's tenth biggest trade partner and its first investment destination in 2009. The EUR 1.7bn worth Slovenian investments have created 22,000 new jobs. There are some 1,500 Slovenian companies registered in Serbia.

Bilateral trade amounted to EUR 794m last year, standing at EUR 426.8m in the first half of this year, of which EUR 260.6m were Slovenia's exports.

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