Serbian Prime Minister Ms. Ana Brnabic visited Philip Morris International on the occasion of marking 15 years since this global tobacco industry leader has privatized the Tobacco Industry Nis. The acquisition of this largest domestic tobacco factory continues to be one of the most successful privatizations and the largest direct foreign investments in Serbia so far.
Aleksandar Jakovljevic, Philip Morris General Director for Southeast Europe, said that since the arrival in Serbia, the company has invested more than $ 850 million in modernization and development of production to date and planned to continue investing in order to keep it stable and to meet the constant demand growth. “The fact that we have increased exports 40 times compared to ten years ago and that as many as four out of five of all cigarettes today produced in Nis are intended for placement in 50 markets around the world, the best proof is the quality of this investment, our factory and 900 employees”, said Jakovljevic. Philip Morris is the second largest taxpayer in the country and accounts for more than five percent of the total tax revenues of the state budget. Based on excise duties, VAT and other taxes from coming to Serbia to date, the company has paid $ 6.5 billion to the budget, said the director Jakovljevic.
Nis City Mayor Darko Bulatovic together RS Prime Minister Ana Brnabic , during the visit to the factory, learned more about new production system which completely automates the management of the finished products. Prime Minister Ana Brnabic said that the Serbian government was continuing to improve the business environment so that “companies like Philip Morris continue to operate in Serbia, achieve excellent business results and hire our employees and engage domestic companies as subcontractors.” At the end of the visit, Brnabic appealed to the company’s management to “direct some of its research into alternative tobacco products to our country. Innovation and research and development are important for the modernization of our economy and the acceleration of economic growth. ”