vladimir tomic| assistant director for fdi automotive industry in serbia 2012 serbia investment and...
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Vladimir Tomic| Assistant Director for FDI
AUTOMOTIVE INDUSTRY INSERBIA 2012
Serbia Investment and Export Promotion Agency
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
TRADITION OF AUTOMOTIVE INDUSTRY IN SERBIA
Current no. of Companies: around 100 Number of Employees: around 24,000 Turnover 2010: 861.7 million EUR
Largest Companies: Fiat Automobiles Serbia Michelin - Tigar Tyres Trayal CIMOS Livnica Kikinda AI DAD Dräxlmaier Yura Corporation d.o.o.
1939
1954
1965
1971
1988
2008
2012
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Serbia Investment and Export Promotion Agency
AUTOMOTIVE INDUSTRY IN SERBIA TODAY
Passenger cars
Tires
Car batteries
Casted & machined parts
Ball bearings
Wiring harness
Trucks
Seat covers
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2004
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2006
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2008
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2010
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
AUTOMOTIVE FDI IN SERBIA 2012
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
CORNERSTONE OF AUTOMOTIVE SECTOR IN SERBIA
• Joint Venture between Fiat Group Automobile and the Republic of Serbia Government;
• Total investment at around 1 billion EUR;
• Starting from 2012, FAS will set-up the production of at least 200,000 units per year ;
• The new factory should export 1.5 billion EUR/year worth of cars;
• Up to 85% of new model components will be produced in Serbia;
• 2,400 jobs will be created by Fiat, while 10,000 more by suppliers and sub-suppliers;
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
TIER 1 SUPPLIERS
Dashboard
IP crossbeam
Door Panel
Seat Assembly
Tire Assembly
Front & Rear Painted Bumper
Exhaust assembly
Suspension
Wiring HarnessStamping and Welding
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Serbia Investment and Export Promotion Agency
SERBIA COST TABLE
Typical monthly salaries: Net: Total:Minimal salary: 184 € 303 €Average salary in automotive ind. 305 € 503 €Average blue collar salary 250 € 412.5 €Average white collar salary 550 € 907.5 € Working week: 40h Overtime: 8h/week 4h/dayNo. of shifts: max 3 Utilities: Electricity cost: 0.05 €/kWhGas cost: 0.42 €/m3Water cost: 0.2 €/m3 Building: Average rent cost: 4 €/sqmAverage building cost: 400 €/sqm
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
SERBIA FREE TRADE AGREEMENTS
European Union EFTA
CEFTA Turkey Belorussia
Russia Kazakhstan
USA – preferential
trade 0% - import duties; 0% - export duties
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
MOST ATTRACTIVE TAX SYSTEM IN EUROPE
Salary Tax VAT
Corporate Profit Tax
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Serbia Investment and Export Promotion Agency
GRANT DISTRIBUTION SYSTEM
Standard-scale projects:
• Minimum requirement 1 million EUR investment – standard regions
• Minimum requirement 0.5 million EUR investment – underdeveloped regions
• Minimum 50 new jobs
• Incentives from 4,000 to 10,000 EUR/ every new job created
Large-scale projects:
• Minimum requirement 50 million EUR investment, 300 new jobs
• Up to 20% value of investment
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
EXAMPLE OF STATE GRANTS
15 million euro investment
1,300 jobs created
5,000 euro per job created
1,300 x 5,000 =
6.5 million euro state subsidies
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
About SIEPA
Investment Promotion
Information Provision
Location Advisory
Project Management
Project Aftercare
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
SIEPA LOCATIONS DATABASE
The largest database of industrial and service locations in Serbia – www.serbia-locations.rs
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Serbia Investment and Export Promotion Agency
SIEPA SUPPLIERS DATABASE
The largest database of Serbian industry – www.siepa.gov.rs
PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2012.
Serbia Investment and Export Promotion Agency
KRAGUJEVAC SEE AUTOCOMPONET 2012
May 9th 2012
SERBIA INVESTMENT AND EXPORT PROMOTION AGENCY3, Vlajkoviceva St.
11000 Belgrade, SerbiaPhone: +381 11 33 98 55 0
Fax: +381 11 33 98 81 4E-mail: [email protected]
www.siepa.gov.rs
Serbia Investment and Export Promotion Agency