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 firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.