Minister claims: Geox repaid twice the investments of the state
BizLife 06.08.2021 | RTS
The Italian company received the incentives worth 11 million euros and another million euros for infrastructure through the local self-governments, but it invested 15.5 million euros stipulated by the contract.
In five years, which is how long they had production in Vranje, they paid 25 million euros as salaries, taxes and contributions to the state budget, explains Minister of Economy, Andjelka Atanaskovic. Atanaskovic told RTS TV that Geox worked in the portfolio of the Ministry of Economy until 2019. “It settled all those obligations based on the contract, and I can say that, as far as investments and incentives are concerned, and the payment of salaries, taxes and