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IKEA to proceed with EUR1bn investment plans in Serbia

SerbiaPosted by Chambers of Commerce Sweden - Southeast Europe Mon, March 22, 2010 21:42:54

Swedish ambassador to Belgrade Krister Bringeus has stated that furniture producer IKEA would invest EUR 1bn in Serbia in the next seven to ten years, IntelliNews reported. In an interview with Biznis Magazine, Bringeus said that IKEA has long-term investment plans in the country, adding that the furniture producer is already cooperating with some domestic suppliers. Ikea plans to start producing some items in Serbia , in addition to opening of shopping centres, the ambassador has stated. Last month, deputy PM Bozidar Djelic has announced that IKEA could open a shopping mall in Belgrade in 2011.

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