Germany’s Norma Group Coming to Subotica

German company Norma Group will start construction of an automotive parts factory in Subotica in November, 2010. The agreement on the construction of the new €11.2 million factory was signed by Mladjan Dinkic, Minister of Economy and Regional Development; John Stephenson, Director of Norma Group; and Sasa Vucinic, Mayor of Subotica. The government of Serbia has agreed to set aside €5,000 for each new job created, while the city of Subotica will provide free land to the company. The new factory will occupy an area of 12,000 m2, will employ 327 people, and its entire production will be exported.