Serbian
Prime Minister Vojislav Kostunica has welcomed the
re-establishing of cooperation between Zastava and Fiat,
describing the news that Fiat Punto will shortly be
assembled in Kragujevac as a great step for Zastava,
which is a symbol of Serbia’s industry.
It was revealed on Friday - by the Serbian Minister for
the Economy
Predrag Bubalo - that talks with Fiat to establish an
assembly line for the Punto in the Balkan nation has
finally drawn to a successful conclusion. Negotiations
had dragged due to debts still owed to Fiat from a
previous partnership.
In a written
statement released today, Kostunica said that the good
news is of particular importance for Zastava’s workers
and but also for all of Serbia’s economy. "It is very
important for the Serbian economy that Zastava moves
forward and revamps production, which will be yet
another signal to foreign investors that investing in
Serbia pays off."
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It was revealed on Friday
that talks between Zastava and Fiat Auto - to
establish an assembly line for the Punto in the
Balkan nation - had finally drawn to a
successful conclusion |
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Serbian Prime Minister Vojislav Kostunica has
welcomed the re-establishing of cooperation between
Zastava and Fiat |
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The Serbian
national carmaker - Zastava - has a long standing
tradition of assembling Fiat's more popular models under
license, having in the past created their own versions
of such famous models as the little 600D (badged locally
as the 750), the 127 2-door
hatchback (which formed the basis of the Yugo 45), and the 128 4-door sedan
(which is still being built today), during their
half-century of existence.
"Every job is very significant for Serbia today and we
are looking forward to the assembling of the first Punto
at Zastava," wrote Kostunica, as he recalled that Serbia
and Italy traditionally have very good and friendly
relations. Finally - according to Kostunica - the
cooperation between Zastava and Fiat will attract new
Italian investment in Serbia.
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