German company Bosch will start construction of a factory for production of windscreen wipers in the municipality of Pecinci, northern Serbia, in 2012, which will employ 620 workers by 2019.

The agreement on realization of the investment amounting to EUR 70 million was signed Thursday by Serbian Minister of Economy Nebojsa Ciric, Pecinci Municipal President Sinisa Vukov and representatives of the German company.

Serbian President Boris Tadic, who attended the signing ceremony, stated Thursday that the greatest fight today in the world is the one for jobs, stressing that the Serbian government will remain fully committed to raising the employment rate.

“In these complex times, the arrival of investors is a great success and therefore we will continue to work on attraction of new investors. In the coming days we will have meetings with new potential investors from Germany and Italy,” Tadic said at the signing ceremony.

However, Tadic underlined that this investment will be not only a success for Serbia, but also for Bosch, which, as he put it, will become a Serbian company as of today.

“The arrival of German investors in Serbia is particularly important not only for our economy, but also for the politics and reputation of our country in the world. Today, we have exceptional cooperation with Germany in the domain of economy, but it is also a country that we consult about many issues, some of which are complex, and I hope that we will manage to find solutions to some of them in the times to come,” Tadic noted.

Tadic recalled that Bosch is one of the leaders of the German economy, and that its arrival in Serbia will contribute to the increase of technological level of the Serbian economy.

The Serbian president noted that this investment was preceded by hard work by the state administration, which is in charge of attraction of foreign investments, and expressed warm congratulations to Minister Ciric and Pecinci municipal president.
“I believe that this will be the beginning of a long and good friendship,” Tadic said congratulating Bosch representatives.