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<\/p>\nDeputy Prime Minister of Serbia and Minister of Trade, Tourism, and Telecommunications Rasim Ljaji\u0107 has said early today that by the end of the year Turkish company \u201cYGS Textile\u201d should start operating in Mali Zvornik, employing 500 workers in the next three years.<\/p>\n
Following the signing of the Memorandum of Cooperation between the Municipality of Mali Zvornik and this Turkish company, Mr Ljaji\u0107 said that the responsibility of the Investor was to employ 300 workers in the first year of operation, and the remaining 200 by the end of 2020.<\/p>\n
Minister has explained that the factory will start its own production in the facility of the former factory Gu\u010devo after a full reconstruction of this facility.<\/p>\n
<\/p>\n
\u201cThe municipality has bought the wood factory Gu\u010devo to lease it for a symbolic sum to the company \u201cYGS Textile\u201d, and Serbian Government will allocate 75 million dinars in the budget reserves to be transferred to the Municipality of Mali Zvornik for the reconstruction of this factory. In line with that, the company gets no subsidies for this investment\u201d, says Minister.<\/p>\n
Since the company \u201cYGS Textile\u201d, which is to open the production facility in Mali Zvornik is a daughter company of the Turkish \u201cMaidenim\u201d company, Minister has underlined that it is a renowned company having a complete production process from raw material to final products, which in Turkey employs over 770 workers, with the annual export of around 70 million dollars. <\/p>\n
Mr Ljaji\u0107 has underlined that this investment will mean a lot for the Municipality of Mali Zvornik since it is one of 19 most underdeveloped municipalities in Serbia with almost 2.000 unemployed. <\/p>\n
\u201cOn the side, this is the proof that investing in political dialogue of the two countries definitely pays off and this is an example of the valorisation of the overall cooperation between Belgrade and Ankara\u201d, says Mr Ljaji\u0107.<\/p>\n
He has expressed his belief that the upcoming visit of Serbian President Aleksandar Vu\u010di\u0107 to Ankara will also mean creating space for arrival of new Turkish investors to Serbia. <\/p>\n
Minister without Portfolio in charge of innovations and technological development Nenad Popovi\u0107 has underlined that this Turkish company will encourage the arrival of new investors to West Serbia since the usual practice is that one investor makes other investors also come. <\/p>\n
Mayor of Municipality of Mali Zvornik Zoran Jevti\u0107 says that he cannot remember the last time when one significant facility was opened in this municipality, expressing his hope that thanks to this, other investments \u201cwill make Mali Zvornik leave the group of the most underdeveloped municipalities\u201d. <\/p>\n
Director of Turkish company \u201cMaidenim\u201d Ozgur D\u017eebelioglu, which daughter company \u201cYGS Textile\u201d should open a facility in Mali Zvornik by the end of this year, said that the opening of this factory should be of benefit both for the company itself and for the local self-government and he particularly stressed his pleasure with how citizens of Mali Zvornik are prepared. <\/p>\n
He said that in three years the factory in Mali Zvornik will employ 500 workers. <\/p>\n","protected":false},"excerpt":{"rendered":"
Deputy Prime Minister of Serbia and Minister of Trade, Tourism, and Telecommunications Rasim Ljaji\u0107 has said early today that by the end of the year Turkish company \u201cYGS Textile\u201d should start operating in Mali Zvornik, employing 500 workers in the … Continue reading