Agrokor to invest EUR 100 million in Serbia

Vice President of Croatia's Agrokor Ante Todoric announced last night that the company would invest about EUR 100 million in Serbia over the next year and promised that none of about 7,000 workers of that company in our country would be dismissed.

Answering the question "Why has Agrokor decided to make new investments in Serbia after already investing about EUR 450 million in the country?", Todoric said that the company felt welcome in Serbia and found it similar to its country of origin.

After Serbia became an official candidate for the European Union (EU) membership, Serbia will enjoy additional macroeconomic stability and improve its business environment, Todoric told TV B92.

Commenting on the exchange rate fluctuations in Serbia, he said that a healthy economy required stable exchange rates, adding that the price growth was inevitable with current exchange rates in Serbia.

When it comes to prices of food products in Serbia, Todoric noted that they were 40 percent below those in the EU, assessing that prices in Serbia were under control and competitive.