Media reports say Volkswagen could build factory in Serbia

Media reports say Volkswagen could build factory in Serbia

Media reports say Volkswagen could build factory in Serbia Izvor: Tanjug / AP, Jens Meyer

According to Vecernje novosti daily, German carmaker Volkswagen decided to build a new factory in Serbia and first cars to come out of it are expected in 2023.

The daily said the world’s largest car manufacturer opted for Serbia, thus rejecting Romania, Turkey, North Macedonia and Bulgaria.

Novosti daily reported that some of the reasons why they chose Serbia were its economy, the arrival of almost all major car component manufactures in the country, but also the friendly relations between Serbia and Germany.

They added that another important factor that weighed in was the fact that Serbia owns 10 percent of world lithium deposits which will be used to make electric cars.

The investment is allegedly worth € 1.4 billion, and the factory is planned to employ 5,000 workers and to have an annual output of 300,000 cars.

The German Deutsche Welle, on the other hand, wrote that Volkwagen‘s favourite is Bulgaria.

"Its advantage is that its an EU member state, its economy is thriving and its a peaceful country," the Head of the German-Bulgarian Industrial-Trade Chamber, Mitko Vassilev, told Deutsche Welle.

The German broadcaster tried to get a comment from the German car giant, but they were told every time that the decision has not been made yet and that they will notify them as soon as the decision becomes official.

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

READ MORE

NEWS

NEWS

Brammertz to UN: Stop the genocide denial and glorification of war criminals 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

WB to support Serbia's economy and growth stabilisation 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

Partnership for Peace Serbia’s only cooperation with NATO, Def Min says 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

PM calls on working group to clarify remarks on Serbia’s Media Strategy 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

PKS: Serbia’s best-earning companies reported 34 billion Euros income in 2018 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

Commissioner condemns Serbia war criminal insults to journalist over Srebrenica 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

Public call for building of main Belgrade railway station 17.07.2019.

17.07.2019.  |  NEWS

NEWS

NEWS

Kosovo’s Parliament Speaker: Pro tempore taxes suspension to resume dialogue 17.07.2019.

17.07.2019.  |  NEWS

loader