automotive components

Serbia’s Automotive Subsidies Reach €652 Million as Chinese Suppliers Expand

Serbia has committed approximately €652 million in state incentives to automotive-component manufacturers since 2016, with the sector accounting for 74 of 292 investment contracts concluded under the country’s current investment framework. More than €517 million of the automotive-related incentives has already been paid. The scale of public support reflects the importance of automotive manufacturing to Serbia’s export economy. Direct subsidies, infrastructure assistance, industrial land and tax incentives have helped establish a supply chain employing around 100,000 people and serving vehicle…