|INVEST IN SERBIA
How to invest in Serbian Furniture market?
If you are interested in investing in Serbian Furniture companies you can get the necessary informations by contacting us at: firstname.lastname@example.org
- General information about Serbia
- General economic indicators;
- Business Environment (foreign trade);
- Foreign Direct Investments Inflow;
- Forms of business and corporate governance;
- Labor force availability;
- Foreign Investment regime;
- The Furniture industry in Serbia;
- The Furniture industry in Serbia
- Furniture exports;
- Number of employees;
- Companies and employment;
- Structure of enterprises, productivity and investments;
- Production and Consumption;
- Raw material;
- Benefits that foreign partners get by cooperating with the Serbian Furniture companies.
WHAT ARE SPECIAL OPPORTUNITIES FOR DOING BUSINESS IN SERBIA?
WOOD AND FURNITURE INDUSTRY
WHAT IS THE SIZE OF THE SECTOR?
- A steady growth of production in recent years, reaching 3.63% of industrial output
- Generates positive net foreign trade effect
- Comprised of 2,758 companies - 90% privately owned
- 33,000 employees, representing 2.5% of the total workforce
- A net monthly salary averages €80
HOW COULD YOU BENEFIT FROM INVESTING?
Locating production in Serbia enables furniture producers to serve rising domestic demand, fuelled by the steady growth of household income, and capitalize on the free trade agreements with adjacent countries and the Russian Federation.
A combination of low average wages, ranging between €55 in wood processing and €90 in furniture production, moderate electricity, telephone and water costs, along with the lowest corporate profit tax rate in Europe enhances the prospects of achieving higher profit margins than in other countries in the region.
A highly qualified and experienced workforce, with almost 10% of furniture workers having university degrees, requires minimum training to adopt cutting-edge technologies and assembly processes.
Serbia abounds in high-quality oak and beech forests which cover approximately ¼ of its territory and represent an ample raw base for both primary and furniture production.
Its strategic position at the intersection of Pan European corridors No. 7 and No. 10, linking southern and central parts of the continent, makes Serbia easily and quickly accessible from all major import and export markets.
WHO LEADS THE WAY?
As an example of Serbia's growing regional importance, after a decade's hiatus, the Swedish multinational furniture producer Ikea is increasing its strategic cooperation with Serbian producers, with a recently signed €3 million agreement with Vranje-based company Simpo providing for the production and delivery of mattresses and other products. In March 2002, the leading producer of floor coverings in Eastern and Southeastern Europe Sintelon from Backa Palanka, and the leading multinational company Tarkett Sommer signed an agreement on forming a joint venture for development, production, marketing and sale of floor coverings worth €67 million.
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