Greece: Wind power capacity...

Greece’s cumulative installed wind power capacity reached 5,355 MW by the end of...

Bulgaria: EBRD lends €50...

The European Bank for Reconstruction and Development (EBRD) is lending up to €50...

Albania: X One proposes...

Albanian construction company X One has submitted a request to the Ministry of...

Albania: Erseka Solar Park...

The Erseka Solar Park, located near Kolonja in southeastern Albania, has officially begun...
Supported byClarion Energy banner
HomeUncategorizedFirst investment of...

First investment of Swarovski in Serbia

 

The Ministry of Economy and Regional Development stated that the Serbian government at its session Thursday adopted an agreement between the state and the prestigious Austrian investor, company Swarovski, which this Ministry and the company will formally sign in the near future.

The Ministry of Economy and Regional Development and the Serbian Investment and Export Promotion Agency (SIEPA) held negotiations with this company during this year, in cooperation with the Austrian Embassy in Serbia. Swarovski plans to invest EUR 15 million in the first phase and start the primary production in Subotica which includes processing, putting together and packaging crystals, which will be entirely intended for exports.

Also, there is a possibility of expanding investment in the second phase, which will mean increasing the amount of investments in Serbia. Swarovski International Holding AG, with headquarters in Switzerland, specialises in the production of crystals for jewellery and decorative pieces, as well as materials made of crystals for the fashion industry and crystal chandeliers.

The company, which employs around 24,840 people in 120 countries worldwide recorded a turnover of EUR 2.25 billion in 2009.

Source emg.rs

 

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

FBiH: Net electricity production reached 473 GWh in June

Net electricity generation in the Federation of BiH fell to 473 GWh in June 2024 from 582 GWh in the same month last year, according to the data published by the statistical office. In the same period, electricity imports increased to 126 GWh...

Croatia: JANAF buys 5.2 MW solar park

Croatian oil pipeline operator JANAF has indirectly acquired the Bulinac solar photovoltaic power plant with an installed capacity of 5.18 MW as part of its diversification strategy, the company said in a filing to the Zagreb stock exchange.The acquisition of this...

Serbia: Banatski Dvor gas storage expansion to begin in October

Serbia will start works to expand the Banatski Dvor natural gas storage facility in October, according to Dusan Bajatovic, head of natural gas importer and distributor Srbijagas.The expansion works are expected to be completed in 18 months, Bajatovic said in...
Supported bySEE Mining News
error: Content is protected !!