automotive sector

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Serbia Grants €1.45mn Incentive to PMC Automotive in Kragujevac Supplier Expansion

Serbia has approved €1.45mn in state incentives for PMC Automotive, a supplier to Stellantis, to support the reconstruction and adaptation of a production facility in Kragujevac focused on steel stampings and automotive assemblies. The agreement was signed with the Serbian Ministry of Economy, under which PMC Automotive commits to investing at least €10.4mn in tangible and intangible assets by the end of next year. The company is also required to hire at least 40 additional workers on indefinite contracts by…

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