Serbia’s trade minister Rasim Ljajic during the meeting organized by the Foreign Economic Relations Board of Turkey (DEIK) on Wednesday said that Turkish companies have expressed interest in investing in Serbian textile sector encouraged by the good business climate in the country.
Serbia offers the best business environment in the region, with a highly qualified workforce and the best conditions for foreign investors, Ljajic said at the meeting.
Representatives of two Turkish textile companies have expressed their plan to start investing in Serbia later this month, Ljajic said on the sidelines of a meeting with companies active in the clothing sector in Istanbul, the Serbian government said in a statement.
According to data from Serbia’s statistical office, Sebia’s exports to Turkey increased by 10.8 percent to 30 billion dinars ($255.5 million/242.7 million euro) in 2016, while imports from Turkey increased 18.1% to 74.3 billion dinars.
A total of 136 companies with Turkish owners were registered in Serbia last year, which shows that the trade relations between the two countries are very good.
Teijin Frontier has introduced a next-generation fabric with dual-layer knitted technology that offers contact cooling and prevents sweat-induced stickiness.
GTT has partnered with Golden Long John, a supplier for global footwear brands, to advance cleaner and more efficient fabric…
Ventile has collaborated with EBDA to promote biodynamic farming in Egypt, marking the second year of focusing on supporting sustainable…
Von Holzhausen, a material innovation company, has introduced the Apple Vision Pro Carry Sling, a sustainable, hands-free accessory designed for…
The PMC is set to establish the city’s first dedicated textile waste processing facility to manage the 100-125 tonnes of…
A research team has introduced a new concept for wearable electronic textiles (e-textiles) that are both environmentally friendly and biodegradable.