Head of the Autonomous Province of Vojvodina Executive Council Bojan Pajtic opened a Minsk Tractor Works (MTZ) factory in Novi Sad on Monday, which will provide jobs for 70 people.
"I am very pleased that we have gone from contract signing to factory opening in less than 5 months," Pajtic noted. According to him, a local bank called Razvojna Banka Vojvodine provided the location and will issue loans to buy new tractors while the council's labour secretariat will provide the funds needed to create new jobs.
The new factory, which will be called Belarus-Agropanonka, is not important just because of the new jobs, but also because the plant will have ten or so contractors throughout Serbia, said Pajtic.
"MTZ's arrival is an important signal to other investors too, because the company is one of the world's largest tractor makers," Pajtic stated.
Belarus' Deputy Minister of Industry Gennady Bronislavovich, Charge d-Affaires to Serbia Siarhei Chichuk and MTZ General Director Alexander Pukhovoi said the economic cooperation with Serbia would continue. Belarus-Agropanonka Director Dragoljub Svonja was also at the opening.
Vice-President of Vojvodina's Executive Council Boris Barjaktarovic, Labour Secretary Miroslav Vasin and Novi Sad Mayor Igor Pavlicic were also at the event.
The plant should produce around 1,000 tractors this year, but the plan is to triple that output by 2014.
The factory will be making the Belarus series of tractors, which the MTZ has produced since 1946. The series accounts for 12 percent of tractors sold worldwide.
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