Vucic: Serbia best place for investment

VRANJE - Prime Minister Aleksandar Vucic thanked on Tuesday British American Tobacco (BAT) for moving its production line from Croatia to Vranje, southern Serbia, calling Serbia the best place for investment.

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“Serbia is the best place and you have made a good choice,” Vucic said, noting that BAT's business operations in Serbia generate over EUR 100 million for the budget annually.

The state will scale up the fight against tobacco smuggling, and explore ways to assist the company even more, the Serbian prime minister said, after opening a new production line of British American Tobacco.

With the opening of the new line worth EUR 5 million, BAT has expanded its capacities by 40 percent and become the production hub for CEFTA member states.

Foto: Tanjug/Tanja Valič

The opening ceremony brought together the company's senior officials, Regional Director for Western Europe Naresh Sethi, General Manager for Central Europe Richard Widmann, General Manager for Serbia and Montenegro Thanos Trimis, President of the Serbian Chamber of Commerce and Industry Marko Cadez, and numerous businessmen and public figures.

Before touring the company, Vucic met with top managers to discuss the company's plans in Serbia.

(Telegraf.co.uk / Tanjug)