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Italy’s Confezioni Andrea to Open Serbian Plant, Novosti Reports

Confezioni Andrea Srl, an Italian maker of covers for cars and motorcycles, will invest 9 million euros ($12 million) to open a factory in Jagodina, central Serbia, Vecernje Novosti reported, citing Deputy Premier Verica Kalanovic.

With Fiat’s local production seen as its key client, the plant will employ 500 people and may receive government incentive of 9,000 euros for each job created, the report said.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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