Turkish knitters urged to set up manufacturing plants in Serbia

Turkish investment in Serbia is expected to grow in the short term as the Balkan country offers some of the best conditions for foreign direct investment in the region.

Serbia offers financial incentives, such as government subsidies, as well as a prime strategic position between southern and central Europe and the emerging markets of Eastern Europe, according to Aleksandar Medjedovic, chairman of the Turkey-Serbia Business Council.

Currently, around 12 Turkish textile companies operate factories in Serbia and this number is expected to double by the end of the year, as Turkish knitted fabric and knitwear manufacturers are being urged to set up manufacturing plants in the country.

For the full story, see the July 2017 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE