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ICT Industry
SIEMENS, Germany
ABOUT SIEMENS
- Siemens is a German originating venture whose presence in Serbia dates back to XIX century when the company started developing power plants and power distribution network.
- In 1996 Siemens started its modern operations in Belgrade, currently employing over 700 people in two main company premises in Belgrade and Subotica, with bold expansion plans ready to exploit abundant highly skilled and committed workforce.
- Siemens Serbia operates a 450 employees strong operation manufacturing wind-powered generators in Subotica Municipality and 250 employees strong company H.Q. in Belgrade developing building and manufacturing industry, power and rail infrastructure and offering full range of technical solutions in healthcare.
WHY SERBIA?
- While Siemens initial investment decision was market driven, the company selected Serbia over other countries in the region due to its geostrategic position offering easy access to all Southeast European markets (with over 60 million consumers) and excellent investment climate specially developing after 2000.
- To successfully support business in CEE region, the company was looking for a location providing multilingual and competent staff - Belgrade based operation will serve its clients as expertise center in different areas.
SERBIA - EXPERIENCE
- Local business partners proved to be of highest quality and their services are a valuable part of Siemens efforts.
- Local work force is an irreplaceable resource behind Siemens successful business efforts in Serbia.
- Strategic position of Serbia is another key factor in Siemens success story. Serbia is easily reachable from all important business centers in Europe and has few logistic and legal obstacles for those planning to export from Serbia.
FUTURE PLANS
- Further expansion of production facilities and palette of high-tech products and services exploiting the lowest corporate tax in Europe (10%), Serbian geostrategic position and favourable business agreements such as CEFTA and trade agreement with Russia.
- Participation in infrastructural development project like Corridor 10.
RECOMMENDATIONS
- Serbia is an ideal starting point for further expansion in the region.
- Resources are cheap and the local workforce is without match in the region.
- Development of huge infrastructural projects in the future, such as corridor 10, will bring many lucrative business opportunities.