Geox plans to construct a new production plant in Nis, creating 500 jobs. In the town, Mr Polegato held separate meetings with Serb Premier and Finance Minister Mirko Cvetkovic and with outgoing President Boris Tadic.
As Mr Polegato noted, Geox wishes to be in Serbia not just because of the low labour costs, but also because setting up this kind of investment is much easier in this country. The company also wishes to expand its distribution network by opening new shops across the country.
Premier Cvetkovic promised that the government would ensure increasingly favourable conditions for foreign investors in the country. These have intensified of late, since Serbia attained the status of EU candidate country.
The importance of investments arriving in Serbia had recently been stressed by outgoing President Tadic, who spoke of providing opportunities for Geox to internationalise its production and distribution facilities. Tadic said it was the government's desire to bring the production of Diadora - Geox's recently acquired sports goods arm - to Serbia.
Mario Polegato stressed the great contribution that had been made by President Tadic to Serbia's progress towards integration in the EU. For this reason he is highly respected and admired in Italy, he said. He wished the president the best of luck in winning the forthcoming presidential and parliamentary elections on May 6 and also expressed the hope that Serbia would accede to the EU as quickly as possible. (ANSAmed)