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.