Wednesday, May 18, 2011

Benetton invests in Serbia thanks to Sepia

Last week, the Italian group Benetton, through 21 partners have concluded, after months of negotiations, an agreement with Serbia. Benetton at the end was able to purchase the company in Nis Nitex to just over € 3 million. Nitex is a thriving textile industry abandoned due to the veto imposed by the Serbian government in view of the planned privatization.

There are currently six hundred jobs remained unemployed due to closure of the plant. Benetton aims to restart production to aim to cover the Serbian market. Right at the end of last month we had the news of the opening of new flagship store in Ljubljana. The agreement is proof that the Serbian team Benetton watch with great interest the prospect of expanding markets in Eastern Europe.

Why in Serbia? Benetton's interest against the Serbian market is supported by an incentive plan promoted by Hedges, the agency's investment promotion and export of Serbia. The hedge and a business plan of investment aimed at foreign companies willing to invest capital in Serbia. The development plan is aimed at stemming the rate of unemployment is particularly high.

For the manufacturing sector are provided for state grants from 2,000 to 5,000 € for each new job created. For services: state subsidies from 2,000 to 10,000 € for each new job created. For research and development: government subsidies from 5,000 to 10,000 € for each new job created. For all companies interested in investing in Serbia over the Sepia has provided incentives including tax breaks and workers with ten-year exemption on the profits and tax deductions on salary basis.

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