domestic industry

Serbian Manufacturers Secure €10.7 Million in Contracts Through Industrial Modernization

Serbian manufacturers participating in the SME HUB industrial modernization programme have secured approximately €10.7 million in new and expanded contracts following business transformation initiatives worth €3.9 million, highlighting the role of supplier development in strengthening domestic manufacturing and access to international markets. The Swiss-Serbian public-private initiative, involving ICT Hub, has supported 44 Serbian manufacturing companies. The reported contract value is approximately 2.75 times the programme’s transformation expenditure, although this comparison does not represent a direct return on investment, as profitability,…