The company Fiat will invest 888 million euros in Serbia over the next two years, stated Serbian Minister of Economy and Regional Development Mlađan Dinkić, emphasizing that around 100 million euros have already been invested in the preparation of the factory in Kragujevac.
Next year, the Italians are expected to invest another 573 million euros, and in 2012, more than 200 million euros, bringing the total investment in this project to approximately 944 million euros. The Kragujevac Fiat factory is expected to start production of a new model of car in the “L0” class in 2012, which will replace the production of the models Multipla, Musa, and Idea currently produced in Fiat’s most important and largest factory in Italy, Mirafiore in Turin. It is intended for the EU and American markets, with a planned capacity of 200,000 cars per year. Already in the first year of operation, the Italians expect revenue of around 500 million euros, and in 2013, even 1.3 billion euros, Dinkić emphasized for Večernje novosti.
This investment, along with other investments in industry and construction, for which the government has allocated 15 billion dinars, along with the unfreezing of salaries and pensions and the growth of demand, will bring Serbia a GDP growth of at least 4%, Dinkić is convinced.
