Battle for VW investment heating up in southeastern Europe

A major Volkswagen investment - a carmaking plant in southeastern Europe - has once again become a hot topic in the region after the company suspended the finalisation of a deal with Turkey.

22 Oktobar 2019 16:47

BELGRADE - A major Volkswagen investment - a carmaking plant in southeastern Europe - has once again become a hot topic in the region after the company suspended the finalisation of a deal with Turkey.

Serbian President Aleksandar Vucic has said he would make every effort to ensure the German automaking giant came to Serbia.

Romania and Bulgaria are also hoping to land the investment and Croatia has now joined the race as well, following reports of a meeting between Croatian Minister of Economy Darko Horvat with German Federal Minister for Economic Affairs and Energy Peter Altmeier, who visited Croatia on Monday.

Quoting well-informed sources, Zagreb-based Vecernji list has reported Croatia would be a contender in a new round of talks to be conducted by VW also with Serbia, Bulgaria and Romania.

On October 15, the VW board of directors postponed a decision on building a new plant in Turkey over Ankara's military action in Syria, the company confirmed to Tanjug at the time.

The plant, worth between 1.2 bln euros and 1.5 bln euros, was to be built near Izmir and hire up to 4,000 people and manufacture 300,000 cars a year.


Photo: Pixabay.com


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