State to invest RSD 300 million in 19 industrial zones in 2019

The Ministry of Economy has set aside around RSD 300 million for the realization of 19 projects in industrial zones of local self-governments, said the state secretary at the Ministry of Economy, Dragan Stevanovic.

– By equipping industrial zones, each local self-government improves its competitiveness and attractiveness and that's why these projects are important. Through these project, the Ministry of Economy has provided them with the possibility of equipping industrial zones along with the co-financing from the ministry – Stevanovic said for Tanjug.

According to him, this is one of the ways for each local self-government to fight for new investments, which will create jobs and contribute to the total economic growth of the country.

– Nearly all local self-governments had the opportunity to be supported through co-financing in developing infrastructure in business zones – Stevanovic said.

Beginning with 2019, the state secretary explains, the program also enables the financing of projects in tourist and spa areas, and the plan is to increase the budget for this as soon as next year.

– Next year, there will be much larger funds available for the development of business zones. We will also extended the program under which the funds are distributed, define the projects for financing in tourist and spa areas more precisely and try to finance projects which follow new trends, including economic trends – Stevanovic said.

He points out that, with this program, the state is trying to disperse the investments in order to cover the entire territory of Serbia evenly and added that the state would address investors' needs in line with their demands and plans.

Stevanovic urged local self-governments to prepare the project-technical documentation for the upcoming year well, so as to avoid getting rejected in case the documentation doesn't match the on-site situation.

– I urge local self-governments to prepare the project-technical documentation well by the end of the year, so that that realization of the projects might start on January 1 – Stevanovic underlined.

Ministarstvo privrede Republike Srbije

Ministry of Economy

Dragan Stevanović

industrial zones in Serbia

investments in industrial zones