May 21, 2010 – 8:40 am
Balkan Insight | Vranje | 21 May 2010 | Nikola Lazic
German Ambassador to Serbia Wolfram Maas has called on German companies to consider investing in southern Serbia, a region actively seeking new sources of economic development.
Speaking on Thursday in Vranje, which is in the centre of the region, the ambassador said he would recommend to two German companies to build factories in Vranje and the nearby town of Leskovac.
“South Serbia has good business potential, and people are full of good business ideas,” said Maas, who was visiting the region as a member of a delegation that included representatives of 14 embassies in Serbia.
Perica Jankovic, who is in charge of business development in Vranje’s local government, explained on the occasion that two German companies dealing with textile and manufacturing cables are interested in investment in southern Serbia.
“I still have not made direct contact with representatives of these companies, but we expect that to happen soon,” he said.
“We will do everything in our power to create the conditions for these companies to invest here. We will provide a free site and free the investors from paying local taxes,” Jankovic told Balkan Insight. He called on the country’s authorities to encourage potential investors with affordable credit conditions.
The mayor of Vranje, Miroljub Stojcic, noted that the city was one of four in Serbia to receive a favourable business environment certificate, awarded by the National Alliance for Local Economic Development.
“We offer investors European business standards, and the certificate we have confirms that is worth investing in Vranje,” Stojcic told journalists.
Southern Serbia is among the poorest regions in Serbia. Some 10,000 out of 90,000 people in Vranje are officially unemployed while those who do have work earn on average €250 a month, which is €100 less than the average salary in the country.
Offering reasons to invest in the region, the authorities in Vranje cited a high-quality and cheap labour force, proximity to road and rail Corridor 10, which connects Western and Central Europe with the southern part of the continent and the Middle East, and also proximity to three international airports located within a radius of 100 kilometres.
The visit of the diplomats to the region was organised by the Regional Chamber of Commerce Leskovac and Vranje, which brings together 2,300 companies and 13,000 shops, with a total of 80,000 employees.
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