In September 2011, the Memorandum of Understanding was signed with the German company Norma Group, which is engaged in the production of components for automotive industry. This company, based on the Decree under which local government can alienate the land, met all the conditions and signed the Contract on November 23rd 2010 to gain right on ownership of the land without charge.
From July 2011 the company Norma Group Southeast Europe Ltd. operates in the newly built production facility of about 13.000 m2, on the Industrial zone Mali Bajmok (Block C), within the tax-free zone regime. The Investor currently employs about 300 workers, and, by the end of 2013, has the intention to employ about 340 workers in total.
Read more: www.normagroup.com