Serbian Deputy Prime Minister Verica Kalanovic delivered an investment incentives agreement to Italian company Rosati Industria Vetro, which plans to open a factory in the southern Serbian village of Zitoradja and hire 202 workers, an investment totaling EUR 5.27 million, the deputy PM office has said in a release.

Under the financial incentives program implemented by the Serbia Investment and Export Promotion Agency (SIEPA), the Italian investor will get EUR 7,000 per every new employee.

After handing the contract to the company's representatives, Kalanovic said that it was the beginning of the EUR 5.7 million investment, and, more importantly, the company would open 202 new jobs in the Serbian southeast, in Zitoradja, where many people were jobless.

Kalanovic said that the SIEPA program was a systemic measure against unemployment which gave palpable, visible and measurable results.

"Thanks to the measure, we have managed to bring Yura, Falke, Continental and Leoni to Serbia. Thanks to the measure, we now managed to bring here to Zitoradje the famous Rosati company, which produces glass elements for household appliances for the world's leading producers, such as Indesit, Bosch and Electrolux," said Kalanovic.