Free Zone in Subotica to be expanded by another 3.7 ha

Source: Danas Tuesday, 06.10.2009. 14:24
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- Subotica has recently submitted an appeal for the permit to expand Free Zone, and the reply is expected any day now - said Jasmin Šečić, a member of the Committee for expansion of Free Zone Subotica and the Assistant to the Mayor of Subotica.

- The Government of Serbia gave consent in May 2009 for expansion of our zone, and the Committee has recently done its work on determination of spatial and energetic conditions, environment protection conditions, and other technical conditions for the work of Free Zone, as well as the conditions for the work of the customs service and implementation of the customs supervision measures. The Committee has determined that Free Zone Subotica meets all necessary conditions for expansion, and now the Government of Serbia is to make the final decision. The zone is supposed to be expanded by another 3.75 ha - says Mr. Šečić.

Free Zone in Subotica was one of the first free zones in our country, and it is situated in the existing location at 11.62 ha since year 2007. Favorable geographic position and the vicinity of Hungarian border made it very interesting to foreign investors as well. The greatest client of Free Zone Subotica is German company "Loher", which produces wind generators.

- I am of the opinion that the expansion of the zone will contribute to further inflow of foreign capital, especially export-oriented investments, development of local industry, as well as improvement of international trade, primarily thanks to its position - says Jasmin Šečić.
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