Welcome to , our town!

As the Mayor of Zrenjanin City, it is my pleasure to be thriving industrial base, long tradition and good the first to welcome you to our great city. business conditions we are continuing our efforts in community and economic development to solidify City of Zrenjanin is a beautiful town located in the Zrenjanin as one of the best towns in to live, center of the Serbian part of the region directly work, and visit. along the River. It has grown into one of the most We have a strong sense of identity and our the most attractive city for industry and commercial develop- important goal is business cooperation for mutual ment. benefit.

The City of Zrenjanin is a dynamic, friendly community Let's Create Our Future Together! ideally located and encompassing what is described as a “City of Business Opportunity” and a family-oriented place to live. With a beautifully restored downtown, a Simo Salapura, Mayor

ZRENJANIN • LI KE NO OTHER 2 Distance fromairport Distance fromhighway Distance fromborders 0 158 100 50 E-75 HUN BGD km km km 159 75 90 E-70 CRO OSI km km 1 km 125 64 ROM T SR km km Zrenjani C 358 BUL i ty o km 160 BIH km f n i s a S S o R T n c Z A I Z I E R Z Zrenjanin- i R R F E n m n t u t l r r g ec i f u u r e o o e e o i a a v n t r r e e e r r r p r r gi gi v a h e l u a e s p l k y i o o n b n n a e i o d r c i c s d s , e e o o o g j p p i n s j j n u r a a t t S y t an an n r n n h e e a a t e m s N d l n , l a t r t e a a w a a i t a d a o , M e i e u rp i e n t l l i i n h Z n A n A n r o P v a n n- p r t w t n t y r r r a e d a o n o y o w o o u - t e r o c , n T i l a B r . l a o b a a G n s n a o r e r t i a i c l s e a d d a l e k c f m e e n j d r i i n l r r an l d c n gi , a l , , r k o i or d a o a g a d t i v C c c s s a s s s , r t t n s o r i o o s g c h i o r c C d o t ad s i t n n o o r a n n i a e u e l h r a z a a u a t w r n n o r t e t ec o a r o B e l c g e t e e a a n a i n a a t a o s a U c c d r

u e h d n d a l g , t t k k ar p r r d p i i i e S R i e G p r n n a rp l t a a a r e e e o l a g g n r s o s i n e o p r p r s s n a u b s t t c r e ec r l u s , o e h s i a y i i a t s t w i n b a , e , n a n l f . t o e g l , M w i o h e b g i r mo A f t R c o e l s h l t h o l Z i e t , o h a o rp i h l mo w S a c r r m d d t w f r e o s o h l o o i a o o n t a n s: u p r r r v h a u t i v w j n e g h t s o i a s g a a i t h a c a r n a m t h k w w l h a y a i , r i S t n a o a No e n e l n B a E pa r l r , l d C y u l u a 7 b k H a p n r l i t 5 . E i e o g t w r i n u w a v T y 7 g t a r , n s a h el a 0 h e e r c F g s y e i y s c e o y r a , e a r a t C o a n , m ng r s e n n y n s m x ce o , - i d e s s a r t , t l , s l

ZRENJANIN • LIK E NO OTHER 4 0 R A P T D P C L a i i o i o l re m v s i b p s m e t a o i e u a r t a u l s n i z t a o r c e o t n f e i n o o e r n 2 c e ( Mi d d l e Ba n a the Abo t R e gi o n )

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i n r e c B P t t n l h e i 4 r r s h C n t m T e o e l , l t j a , j a w h s a s t n e ce e e f e e n l v h n o i r M e n a e m i d Z , r e M Main Reason Main h n s f F s t n n nm i e a , o os e l o e o l h n s t s e r ar t e a y t i o e r v a r t s v n i z o g o u G s t n e il sr l t , I l e N e r b ta a , m e i , u c a s a t r r r s l a c i c t t i i l e s a s l , t s a T s c e e nvest in g a m c , a l u v i i e n g t n o h I i or u d s n c r f t i m a i o s F n i r s i on k C o , u t l n e w r l i p e t n ) b n g v e g o a o s t i d i i n o t d f n h r r t i o i u e w t e c r e n o t o G r d p L i v e ns o to a d t p t o i m , l , m l n o t f p e n s l n s a x i t o o a t p t f Mo e n a o c e o r i i t , s u a r f o c a s s d i r i ca m r h s c o r t s e v t n e n e e u i p c i o l c E n a r l a v d a a i t - r ar be , . o a e r o p e l y t e a n u r n - p t r m s g x p l , n d l e o , p l o r n u o E um l e a x t b e e or e - e r e e l n m t e f e t v a v i m r i nm w g u A i s a t a m t t n r t r r t c t e s s v s e e l d a e , n , i l l n s v D r l e e v n d y v t a b b e e n g v t me t i o a s ai n s i v r A a a t i n r l s a m g r r a i , n a e d s t , n a i n l u u i e v r t h e s d d e i i o a l o o z e e l t n c l e a o v m c f i c h c e u v o o he n k a o av av r I T o a Ge t s n I S S F F ( Ad L t M G ZRENJANIN • LIK E NO OTHER 6 0 4 zone Ind u str s i a l

7 FREE AND INDUSTRIAL ZONES

9 FREE AND INDUSTRIAL ZONES 5 ) t r ) o e l b rp i i s A s ” s a o l or p 0 t s s e s i e T v y t n la

i i e o c n f k a s o o e 0 ha p z Ni 3 a “ e ds c h e f ja t e o e – f l ) n d o e a i e d n a s l l i y r : 2 ha + h i a m * r o e n t g a u e a q l n b a y e r j b o s d r o a t c / m n n z Be i h o d A n e ( t g / / l i u J r 3 3 ( ( e h n a o l e al zon 3 i Z i / Bag l r h b 3 b 0 d f t i b m - , / r te i te a e o i 0 m 0 m s m - k l i 8 o m w s m s h u 0 k s y k s t k ai 0 0 m a t d 3 00 M n cc i v , 0 , n 0 o t 5 c 0 3 n p 7 1 o C 5 2 1 I A a 4 6 4 O A c str u Ind ate 22nd September 2020, 1 EUR = 117,59 RSD r d a S change i ds x v a o o r N - age e e r c e n i i v av n r a ) e j s T n y t e r P i d r ( y e c n t Z i t n d T i a r r r t o d : ha P i o g o s c t e a 2 f p s n b e c s pac o i 9 o l s e r e o a n : d E n c i y l a a e C a c s i a rp e e: nn r e t g l n nc n s t A u r y c : o a b a e r e o ar p a r o n c * c r i a i u e l l 5 t e a e l e ds m gi w d i a rp t n a q l t 70 7 c i s t b a o e w - - ai n t il i s e a w a t a i u r v ai o e a A E R E R r o D - R - L O R P G S - T - A W D - U F P * By National Bank of Serbia,

1 1 FREE AND INDUSTRIAL ZONES

s r u o s 6 t n e ) t d r n o e p rp i e s A d ” n or ) a i 0 t l e l s s o b e e i w v T s t

n s i e h la l o f n t t o i p o o k w z s a s i Ni y e ds l i “ y h e p t t i e 0 ha p f c n 5 u e – o a ) s 5 e d n d a p l i y i : r h i a m * r l a e n t r a e u str a q c o n a y e g j b o s w d l b r o f a t / n o n z h o o d A m u e t g / l / u i P Be r 3 3 e e ( h n a o J l e 3 i Z i s / ( l r b 3 b 0 d a f t b , r te W - i te a e e o i 0 m s 0 m m m l m i m - 8 o r s s h 0 u k k s 0 M k k y c s t ai 0 m a t d 6 n cc i v n ,4 n , o 5 0 2 t 5 c 8 i n p o C I A a 5 70 1 2 9 O A 6 3 c ( 2 one Southea Free Ind Free z ate 22nd September 2020, 1 EUR = 117,59 RSD r e d change x a r ds g a l o age e r r Be e e c n- av i i v n r a ) e j s T n y t e r P i d r ( y e c n Z t i t n d T i a r r r t o d : P i o g o s c t e a f p s n b e c s pac o i o l s e r e o a n d E n c i y l a C a c s i a rp e e nn r t l n nc n s t A u e r y c : o b a e r e o p g a o n c * c r i a i u e l 5 t a a e l e ds m gi w d i a rp t n q l t 70 7 c i s t b a e o w - - n ai il i s e a w a t a i u r v ai o e a E A R E R r D R L P R - - O S G D - - F - A P U W * * By National Bank of Serbia, Industrial zone GOODS-TRANSPORTATION CENTRE 13 FREE AND INDUSTRIAL ZONES - t i r n x o o o r t rp p r i , o A 7 e p d d e n a r h a t g ) l f s o s Be y a t p n- i i y n m b i a ( j x 0 y n o r a e r p

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o t s : Z a a a r c e re o h nf I A L t ZRENJANIN • LI KE NO OTHER 1 4 0 is t l ar p s i A e n h m r i s f e e e rp t r s h a a p a t o l e i ar s t l o m h r t p b f t e r a e a i u 1 Z d n 7 g s c b , r 1 g f s e t i 0 o e u g 8 e n t 0 h s r r g ng j o e a t 3 e n n “ 0 s o e a s C i t 0 f r n . . ” i t a T I h n C h n c n h e e o l t d M a e c h mp o s t e c e a ar l s a d x y S l r a i e e 2 o s G g s i x t 0 rp u o e . i 0 t n i r Zrenjani A s h o p m 7 g l r s E a t a Z a p a n i n i i r n rp r s e e e rpor a t s n t a o i h E j rp w d a r e u t is i n i o n r t B i o h g r n a t p l l o l A o b e o k n i . c u a a rp a T i d ns t l h t t h o t c e e l i e r r a n d t e p a a g 1 o gi a i

n 9 a rp n c o d i 4 n n i t n o 1 t h e y r , e d t a t i D n C O Pa Ro E W G f A 3 o a f l on i r i m r H e e c rp l a r l a c l il l c a a s l i c s o t n i t i n c s t s r r r t r i a h i g a e t r e t r c e n u a c u u te s i b r t k te r n t c u ns y s w r t p s i u s l u ar y a d r n u a r s e y i e w e b n n t s a 1 e s d g a e e 2 m t y n g i l a 5 nc e – 1 a t t 0 m i 8 s o

m x l n 5 u n e s o d 0 t n t a i m x n t i 8 t n s g i 0 o : u m r ns 6 s ec 0 e m – e p t i o no n r t o i n o m u s a e n d o t h e r 1 5 FREE AND INDUSTRIAL ZONES d m n o a r f / b o u t h 9 s o e g c r i a v r c e l s a n 97 o s & 7 . gi 0 e i 0 e s t r r i 5 a il 2 e . e c

h y t a : 6 f ” t ) s t : 4 a r ( d o n i o p d i n r s e r a n i j pe a u n r q e n T r e o r r Z i i t s A h a t t s e i n n l : n d e i e b n : n vi a m m o t t n a o i j e r s s o l s n i e p e s e i v is r o o mp n V T I M T Z I „Zrenjanin r s n r . a o f e e l ion of Airpor ion l s d e i e ds o r c s e w p n m r e e s i e n e a r t h , s e n ’ Vi t s e p n t f x l o n o e a e i gi l n c e a m o r r i n e e t r e o i c i h t u u t r a q mm t t n e o s e r r c n e e l t o a m n c n i l s a r l o t i a i o t s t f w e a r t s n b o : a r e e y h e rp d t i t i r h t v a n a x i o f e e l r l m l o h p a t n m t y mp o g c u f i o n t s e s i j c c t ti p o t u r c a o r l d p e s o e o e r d v oj t rp r h e i n n T P a a i d ZRENJANIN • LI KE NO OTHER 1 6 1 0 Agreement Free Trad E F T A EAEU e

s UN I TED S T A TES TURKEY CE F T A 17 FREE AND INDUSTRIAL ZONES - (population 72 mil) - Export is duty-free, as well as well (population 72 mil) - Export is duty-free,

(population 30 mil) - free trade agreement 30 mil) - free trade (population (population 13 mil) - free trade agreement (population 13 mil) (population 317 mil) - Duty-free entry for more than for more (population 317 mil) - Duty-free entry

between Switzerland, Norway, Iceland, Liechtenstein between Switzerland, customs dutiesand Serbia, there is no except on fish products is of agricultural Trade and seafood. The mutual concessions. regulated by mil) - duty-free entry for more than USA (population 317 manufactured and including most 4,650 products, intermediate and goods and selected agricultural The primary industrial products, has been enabled. list products that have been excluded from this generally fall in the categories of textile products, leather goods, and footwear. Serbian origin, need to have undergone sufficient Serbian origin, need processing in Serbia. between Albania, Bosnia and Herzegovina, Macedonia, Macedonia, Bosnia and Herzegovina, between Albania, Nations the United Serbia and Moldova, Montenegro, (UNMIK) on Mission in Interim Administration trade and accumulation of free behalf of Kosovo. Duty of a in order to be considered products origin.Exported EFTA TURKEY USA CEFTA 4,650 products, including most manufactured and manufactured and including most 4,650 products, intermediate and goods and selected agricultural The primary industrial products, has been enabled. list products that have been excluded from this generally fall in the categories of textile products, leather goods, and footwear. as import of industrial products and certain agricultural and certain agricultural as import of industrial products well as 5,000 t of beef per year as products such as defined quotasunflower oil, clearly of raw and refined products. sunflower seeds and specific types of pastry The export quota from Serbia to Turkey for the particu and prunes will be lar types of frozen vegetables doubled. - - - Russia’s Eurasian Union (population 180 mil – (population Eurasian Union - Russia’s

(population 505 mil) - enabled customs-free export (population 505 mil) - enabled customs-free EAEU EU refrigeration compressors, passenger cars, and tractors, refrigeration compressors, cars, passenger and tires. used motor vehicles quota, used motor vehicles and tires, new tractors and and tires, new tractors quota, used motor vehicles following cars manufactured in Russia. The passenger cleared when products from Serbia will continue to be meat, of exported to EAUE: poultry certain types white sugar, sparkling wine, ethyl alcohols, cheeses, cigarettes over annual quota, cotton fabrics and yarns, Kyrgyzstan, and each EAEU member has been granted and each EAEU member Kyrgyzstan, tonnes of cigarettes, 50,000 an annual quota of 2,000 for tonnes of processed cheese pure alcohol and 100 will still be able to import all import Russia into Serbia. countries EUAE products. types of duty-free agri-food will continue to pay customs duties on imports into Serbia of white sugar, ethyl alcohol, cigarettes over ARMENIA) A Free Trade AgreementARMENIA) between the of and the Republic (EAEU) Union Economic Eurasian the meeting of the Eurasian Serbia was signed at (EIC) on October 25, 2019. Intergovernmental Council The existing concessions under the three bilateral Belarus, and Kazakhstan) (with Russia, agreements under the new agreement are extended to Armenia and RUSSIA, BELARUS, KAZAKHSTAN, KYRGYZSTAN, KYRGYZSTAN, KAZAKHSTAN, RUSSIA, BELARUS, for the import of Serbian textile products and guaran for the import of Serbian textile products to maintain the same policies in the future. tees duties for all of customs Exemption from payment in the part and industrial products originating in the EU, of of agriculture means the exemption/reduction SAA duties, depending on the Annex or the customs Protocol in which the product is located. of all products bearing the Serbian origin label, exclud of all products bearing the Serbian origin FTA ing wine and baby beef. In addition, the EU abolished customs duties and quantitative restrictions ZRENJANIN • LIK E NO OTHER 1 8 T Sa Co V ax A 1 la rp T r r o a y t r e a t e 1 10 SERBIA 19 9 % % % Tax Compet ROMANIA BULGARIA 20 10 10 SERBIA

% % % Env BULGARIA 10 SLOVAKIA 20 15 SERBIA i i % % ronmen %

tiv REPUBLIC BULGARIA 15 20 ROMANIA 16 CZECH e % % %

18 HUNGARY 15 REPUBLIC 21 CZECH t % % % 25 SLOVAKIA 19 POLAND 23 POLAND % % %

REPUBLIC 25 POLAND 19 32 CROATIA CZECH % % % HUNGARY SLOVAKIA CROATIA 22 36 27 % % % 19 FREE AND INDUSTRIAL ZONES ) , w s t l a a r i ( en r s e m t e i p a i t u n m o qu d - e n e d p o , m i m s t o o l t o c ks r ia s u c r c t o u e s f u c t r n m a ² o t r o N m c t o m r f 0 r 492ha 76a 93m2 o e f p p 00 o ANE m l 12 5 i l U a i d e DO e w n h s ar t y a e n n r g s a a u n e , i l p d s s d T ia r e u n ur A m r e n e c a o V e d o n t v t i f o h c a r r o o e o m p e - e c e an p j c e ar h n s e r e t n n o n f w c n a ti t ms a e e r a r o r c s r t r o p u , z o o t a e Z r y f c s t s e h e g l s ² e s u l e e c n w er n e c r g m o n e s F o a C e fu 0 r a te Z e m e o e h 00 l o t e T cca 350 6 ar s h T p e r 250 A F no

V Zrenjani , - - e - - g r f e p c ) k i n u t n i u re t n s o d d c a p f qu o z a o u b o r e c r r o h , e t l d g p e c s d s e n n c a r d i g n a i a , r Free Trade Zon Free Trade e o d n u v ( f l i g r e i o t ) n s e s n r c i u g s r i r s e n o b e f . d e r a p s v r o d a n u r x u o o n t o o d u f e l r g a z e s o . , l o t n c n z s a e n i i p i o s e e e o , r l r d i r u c m s e t f . i i b p e t r e a a s w a g t n l c p u i r n o i ai v ms l o r v s s ww a o p n m i ow t e / a u e l r s i o / s s i r : t e n s s t u i t p o u r g a c t c f a r e d s n t t u i t f ( s e r h f d s t ( e c m r o i i e a s ) w m o r a f v d y n t s ms i a r u t w r s r d o t i e s e r e u c n c n c b s d o i c a u u u f f l t n d v r f s r t t a o e a n m i l o l e h s t t a t a s m a g n e e n i n r c o s e e mp e g f e i o o r r r i C n n L S F ( m e A t f i i

• • • • • • • ZRENJANIN • LIK E NO OTHER 2 0 Incentives ofAPVojvodina– DevelopmentAgency;regionalfunds • Co-fundingofnewequipment-upto50%total value • Subsidizingnewemployment-10100employees, 3,000-5,000euros perworker are: incentives of types different Two the regionallevel. Just asitisdoneonthenationallevel,financialincentives forinvestmentprojectsinmanufacturingareallocatedon State Incentives the investmentvalueorbasedon2-year grosssalary oftheemployees. on based amount, investment the of company) the of size the on (depending %, 70 - % 50 to up are funds awarded The food manufacturingbusiness. Manufacturing sector,projectsrelatingtoServices providedbyserviceservices centers,inHotelaccommodation and Financial incentivesfromthestate may beawardedforfinancingGreenfieldorBrownfieldinvestment projectsinthe p p G C r o o 13 o o r v j t of e e n r c nm s t s a t n t e r h n i a u n t t v o c e p r s r t o t t h m i m o e e o l n n o t e t c s p a L r l l oc o a m j e n u a c n l t d i e Incent F c t c h i p o T a i a n r t l o nancia i i a s of t m y n i c c s a n d n f a e s t e v i e e o r l l n l o a c p S l o m i i u n m e ve s b p n t r o t u s r (i c l t i f a t d i t n o s h

c y n e e l l a (i a n n f d d t h a i e s t a l o a w n p d r n i e c i s d e o b w w y h n t i c h e h e d i l b s o y c l o a t h w l e m e r g u t o n h v i a c e n i r p nm t a h l e i e t y m n ) t . a ) r o k r e a t n p r i n i c v e e s i n t m s u e p n t 21

FREE AND INDUSTRIAL ZONE Fiscal Incentives

10 YEAR CORPORATE TAX HOLIDAY 14 Companies are exempt from corporate profit tax for 10 years, from the first year in which they report a taxable profit, provided that they have invested an amount exceeding RSD 1 billion in fixed assets, and that they employed at least 100 additional employees on an indefinite contract. S

Payroll Tax Incentives

Employment of people who were registered with the National Unemployment Agency for more than 6 months entitles employers to a sizable relief of taxes paid on net salary from the moment of employment: 1-9 new jobs: 65% reduction 10-99 new jobs: 70% reduction

100+ new jobs: 75% reduction (payroll tax incentives can’t be combined with Financial Incentives)

Double Taxation Avoidance

Serbia has 60 effective double taxation agreements in place that cover income, capital, and property. In addition to having double taxation agreements in place with most European countries, Serbia has double taxation treaties in place with many countries in Asia and Africa.

Source: www.ras.gov.rs www.rav.org.rs ZRENJANIN • LI KE NO OTHER 2 2 15 T C r anspo o 43 Net Sala s 74 s s t a a vings vings r S t Se a v % % r r y vices i n g s v s e Operatin E U x - 2 pen 8 55 Electricity 41 s s A a a v vings vings e r s % a % e ge s g A v

e r a T g Y e P i n I A C d A v A u e v L s e r W a t r A M r a g a i v g a e t O e e e l w NT r r f a b a h c M g l c i G u o H E te e il i e W s a l I L n i e b n t t s Y N i c c o c y u d m o o o o H r t S i u l U l B r k l l l u e . i d o s i l l A O n i G T c a a U m a o n i t u e L v n i r r I s a r I f g t s L i e L A g e D s sa sa sa y P a s e IT r D w R l i e h c t c c c h e IN l l l i u e t i I I o o o o a a a o m s f r E E s e s s s s r r r t o l e G S S d e e s k y y y t t t t l l 3 1 1 0 0 m 5 c * September2020 0 8 4 N 3 0 . . c . . . , 2 5 3 0 E 2 16 3 h 5 0 a 2 a 2 0 0 0 h T / 8 0 9 83 x 5 w .

3

e / / / / / / s e m m l m l / / q k 4 s k * m 3 3 3 q W m h h / d a y 23

FREE AND INDUSTRIAL ZONE Labor cost structure 16

LABOR COST STRUCTURE SOCIAL INSURANCE CONTRIBUTIONS S NET salary (EUR)* 480.62** FOR EMPLOYEE Pension and Disability Personal income tax 10% 52.72 14% Insurance (employee) Contributions (employee) 19.90% 132.50 Health Insurance 5,15% GROSS salary 665.81 Unemployment insurance 0,75% Pension and Disability Contributions (employer) 17.90% 110.86 12% Insurance (employer) TOTAL COST 776.67

* Average net salary in Zrenjanin, September 2020 ** By National Bank of Serbia, average exchange rate 22nd September 2020, 1 EUR = 117,59 RSD

Source: www.croso.gov.rs ZRENJANIN • LIK E NO OTHER 2 4 T 17 o t a l U E n du e m c a p t l o i o y n m e nt : U 11.132 n e m T p V V O l V o I pe II I V I V I T V Recourse H I I I I y I I I -2 - I A e I 1 r L s d o u p n e s r L s ( ma N o e n a v s t e i o l n o a f l e E n m du p c l o a y t W W W W W W W W W W m I I I I I I I I I I i n n n n n n n n n n o o o o o o o o o o o e t t t t t t t t t t n / m s m m m m n m m m m m o o o o o o o o o o t t t t t t t t t t t e e e e e e e e e e a a a a a a a a a A a n n n n n n n n n n l l l l l l l l l l U g e ne n c m y , pl September 2020 oy e Zr d p e n j e a r n s i n o n ) s 1.125 1.230 3.073 5.791 1.283 2.213 795 218 508 103 371 605 319 36 30 13 1 1 6 7 Mi d d l e -B a n a t d i s t 11.132 r i 5.677 2.598 5.218 c 2.204 2.25 1.355 t 470 765 844 309 450 193 75 4 18 1 1 7 8 1 2 25 FREE AND INDUSTRIAL ZONES e f e r s - o h e r t t h e , wa r T h s a G a s . e , i i p l e g h b f y g r i l a s l l % i n e l u a y E S g n ench a . . n ng s r o e i a s E F 6 t an g y d e : i i r a n l e n s d i e u g s a v i ar r 18 u t e us e ng s r R B n a n e o i d f e n g i n e h l d f a a s b n s o u i l a e h o s i g l r s ng s s i t n l l o a n n a o E a t l u n ho e e p n o ho c h r S c c s t av a , s f 6 e h l t te o 7 s h c a a d f % e d n v n o g n e ri r a ns t a a p F o r u u i , m a t 5 o . l n Russian 1 a s ng m u l h 13 catio a c t a i t o o p l u u 4 c o o a n l d o t h u p d g I e g b c i t , e s a h e k s n on t r y r e n o a r t o o a a F b m m ar S r d Ed on ec s y s r e s - f n a i h e l o a ation, 2012 t n d r s n a ’ i a s n j g o n oc r s t o n e v % a u w l c e g e r b e o r e y i n Z T c r s i i t t u 0 e e he a s d 5 t s h t u 1 d 8 o t j e German h n r n i d h t h g g t 50 a t h a n u i n t i i i a f y t w n r g o ds w a s n e n , i n r e un l a s t m r l o g i i i g n r r a m t i n w e u p o e i d f c g d n e ce: Global English Corpo 2 i a l r n d r y 3

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i 92 s a e s o t n i p l o n o d t i a u l o i g t j a t i m i a v i ds n i t e w d n e e t ho e r s o a h r o e c c o r i n T * Business English Index, Sou f Z a t N n i s t ZRENJANIN • LI KE NO OTHER 2 6 t G i D Z 19 nc o r i e s e p n l t n • • • • • • • • • u r e r

j o i de a r c v a n t i P E G S W P S H S S l : d i h n H m a pe pe t h r e e e o a o e v a n o a a s m e m h - i c c r e l s a sp S rg t m e h i i a r a h ” c a a a a i n e i t a ho g l l t l C l ol h n t c a H H h C H h e e c y l o l o o o l y n o a y i “ c g l Z n sp sp d t l sp ar o C y H t e r i r c h e r r h i i e C e g i t t n t c i “ a a a a l l a o j d t i dr e l a l l o n n l t r r n n S f h i i “ e o i c B s t d i p n e e n n C e r o r a d r d J ar L Car Hea š C i o “ vi o u k h l R o e f i o a n d n e r u t n g a u i V h s c o l a e D e a r t v e l h n i s J i C s ba d o i e e a e n ” is a a a n n l s ” o l n s t d t v r o i e t o t a t ” v s u h l r i t g h e B “ i d a o ” a w r n ns n h i V a s ol a

t e w s d e h a i c h a p c A c i h e m A t i s n o a ar x n e ri l p t s e so e r a d s v p t s d e d c l a i t l t e d t i i , u y u te o c h ol u r o t i d t a f n v h t i p c o e i o l i c g e p o c t o g n e n l r o op n e i l t y t e isa x n i r h s o s c f p ’ i a e s offices... u o f c y o p e n l , r p c a f r “ r d 2 o t s l R o t M a s m 4 i p t v o n a o nn a / i e ri t t d n d 7 t h e d v o i . i e a e o m n i a a v ( c d k r n g ww v te i p a e c a s ai . a o l ” and“SMDMedic” pe r T t c G F l r y h w a t h a a e e i c t b e . r v n c r b i y il H i e a u e H t o i a m i l l o t r e i l t o a y t s n sp y s m e sp l t i a d c o H a c e n i a i f i t d l c n o t d a i . N a j n a or t sp l a u t s l is i l t o h s c g i a v e t s ec t p . e i n a r , l r il e s d S d l a , h l x a ) a “ a n v t n s p b St. John o d r a k ol pe e o e r o t U r r i o h d f i o a c n e g e n u h t i a i n a o i v s e e s a c l e r a - s a e i d r e l , t s e t ” o i s h i , o n t f n y ti . a s l t , 27 FREE AND INDUSTRIAL ZONES a g - e s n t r i y h e o l m r l s t c d i o T t e o f u is r n n t “ i m h d g n e a a s t L e a v n u , n ns r f t or t a o , d y e g A o e f l i l c a o n f t , t o o i M i s e d ” o i ds d , o p i d h s i n n n i D t p p b k n n T e a . o e o i o l o l m s r f e ng h c ds a l f i a . e s s i n n cc w a r B g a .. , t r m u h o i t “ u n a i n a i v o s t m o y i e r i d d h m a t be a M 20 g m n e c , w l y r dr vi N y l l e l e a n a s u i o a e y h r d l r h o d t Ci b a p p c e ( ds n , n t n f i c e y f n s a e g o k A n

b ys e o d h n s r i l i e t . a t l m . d r k o o s c , dr i n f l e e e .. d g s n r s i n l f a ) e ba r D h h g h o t r t f o t s a v e f s c n e s o r i e i e r n y or t p t , u oo t o te i t r e B i a f s i p s F n s , v a p , c i s e n u e ng r i a n n r i e v y i p o n t b f v e i i e t i i . ani , m i s t f l l d c i nm l L 0 e e e t i dr n o j n C y , d i l e v e l n a a i a i s d e t r o 00 s w s s h Greenfield, Happy kids Greenfield, Happy l t . ” r i i d Ci h ( rl t m C c 0 s d e , n u T i o n n a a t , s a n 0 i i u f v o . n s m w y a 3 n n l o o s l or .. y e u r a a t c t o n u e d j j d o e y workin e i g d u l a t n n n d rl s y i m o t o a v ho e e e os u o agi a s i o r r u u l o o b c i r h Zren s a Z p f t q g C Z m v o W J M

Living an Living g a d , l ), r l in l k n n n i i s o a l c l a , f f w w n a E a r , e n l t o o e o e o i u r t t a i ), e o f n t i h ns t i n t p o i t e ar t n o a r a n r s n d i w e a e , y t t u c ho o N a n i o e e i t c n r a t m r t a r n e i u e e o c l n m a t f i a o t h e t o t f ec o o i f ol e l i s i s n T r o a t s i t b o p d s t a , u a ” d w y a t a o c u g o d l t e r r c e n h i o r n i e h t h f l ( i u a il m v a s g i mo e d c E t b i g d o l o i s v a u s t a h r a n i n c a n l n o - f i r t t h r e l e o a , h y d l o f a l r t n e u . y i v p nc l f i r n c p i e e o b o ( a e o w e , s s u f r , d ’ d J c b , s a p r i s a d a e u t t e g s a p a n e e z o wi o r r ( t y s s a n h s n S i i o i o t n yp t T o , y o ns h t p n p T e e y t c y T t - e a s x da o “ a r p a e a r d a i l j h e , e n r t e d o d e t t b e i o B t a v r a r o m t o r e i b r t a t t n s r c a o p i r b o R , n a l u s , a o i f n a , l 0 e e i d e o u e R n b h t r 2 h d h n n Be h o c a t i i c u ), j e 8 T a a a d r t j n h a n a f l n 1 l p k l i e t a n e c e i o e u s a p a i s v e i e r r r b c t m n w r u p ar s u r a Z 0 u ” o f o Z t t u i t e q a r 5 h C l o i n t te a f o e i p , g i 2 c u p m a h r n e e n c H t t c g d o l i i r ur N a i t t w u t n n c o u i d l e y a o n i l s e o l o t a s n s u u c v t e i a h n i t i a b S av e r V m w m “ f L p n a a E o T C ZRENJANIN • LIK E NO OTHER 2 8 2 1 stor S u c c i es e s s

29 FREE AND INDUSTRIAL ZONES 2 2

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t f d d i i s investor o t n I h t n n r e e a v b w t Z e e i o r c s t e w n o t n me m e a j a e n t p n n d a n i n n t S i s

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t i f n ( t f l B B n o ec ww h o o i u s us e g c e r u s s a , m h n i C i i t . w t n n d n s e i B i e . t e e a c d b r y I s d e r s a Z . i s k a z s s l w e or t - i I a z d I nc t i t n n r t i g h e . n h d c c e a n u g u o t n t b o , a h s , b . i a t m r t e s h a s t t e r o a e ) i s t a n s o r r r u c t k t r Z d p e e t r o p i r n a t v e c o t i e r n n i um r e o i j t l n s a n o s e g n c e t t a s i o a h n n r t e a t , c s i s o m n B h u , n d , I p o Z is i a p i n e b n s o d t b s a r t u i u h t t i s ca h n s e s t e i i a t n n v t a n i c g e e o r c o r s t n n e y - m s u ec s c i p p p n e e e l a m c a n c s n o n m r t s i y r e n m e a a a r p t o r a y i a s n f k - g - 31 FREE AND INDUSTRIAL ZONES - n e - f r l a o f o u e e g o t t e n p n e e i t n u T e t c o o I n s e F i h S r d s a n i i t o l h s u e c e rl O i e t D Z v n E e g v o h i C e i F i i y t t l h e y h w l d t b s e n R f r e t 4 ( e r e e n e o t n d I O i n F n c h i go n o e F z D s t I t o , n e a e i F i t T z c s i e , n g t i t f a D u e S c i 5 t is e i a f n o t c d t E n 1 s C e i e n / r n m y e B a n e c m e r n i - F 4 o g e m c e i o a t l 1 n c l 2 s s h m r l n h l e s t go t 0 a f t e e a e g e i e i p p e e u s e 2 t t t r t y g d n v i i u e o e o i p i n u - l e b r e n I c c v h l t t k S o r i , ca t u d i r r n e u n u

r i o o t n e t E a t u D i e r r F g a a c t r n n r u E c c n F h r n I e s i i s e o f t o r a d i e on f e d e j i r h z aw e m m n t h D e n n , d o s i m t o i h e f p t f z F s e n n e t a i z n e e r , o o o s e e c r e f s f a t t g p n s Z - e i a F c o g l o e o e o n g e e t e t a e ns i r a r p v l r ), S t h e n i h h n o u i i t c s t p t t o v S i e o i s E f d e f n t gi f f v t E r Z o i e m r f m o e h e o o c t m o N p h o o i r c e g e R c t e f i e e E t f n T o e s a n cc I f e n n y f r d s V e r l e I s t E o O b o 1 A F n y n a 5 t n i i s T t a b e , 1 a o z c e - Zrenjanin was declared the European City of s C – - One of the ten micro cities in category “European – – – – – – / c s z t a d n n o E 8 4 4 4 3 2 5 4 n i e s g a rl i e 20 1 20 1 1 1 1 1 1 1 C e t o a n o e 0 i FF 0 0 0 0 0 0 0 0 us 0 i g y r i Sports in 2021 2 2 C 2 l F f 2 2 2 m 2 w r 2 E b 2 2 m Cities and Regions of the Future 2020/21” Awards Awards , r - g t o A s f n a g n e P t i s d y i s l Investment ” n r d c E e d n i i b e t s d a I s r t a i e p a a o s n j m t r rl s S n a i f Implemente n t o t e d o , f u a n e g o s g o r e c i i l r s i f B e n D u e A u t a b d i a t W I P i r o m s r r e E B t s e t c E o t Be t ” i e k e y i h t e f u s . p n t 1 SA h M h s n S s p o e B m t t m d o t 1 a a U . a g v r d o u n c n 0 b m y e , g i a B E n e n n n o e i 2 I u o b n t A p l ” t e i a o d h S r c e n m a t e h o l G C o g a c n rl t l o t ” e k n p u p E f n E i D o o s a e m a i n o i o “ o i g m e t r h r o n M c n r d a W m S n b t t r v p c u i u g r b n y w c S i n or P e o y u n E d be E e i o o l b f o i e r e r r h b r j t t t r e S c f e T n t m a o s n r g o s s v s e o o f e a r g n y s e u o a n e A a i s F ds i f t h e v “ e e n b P r t E , i d o E t r r r i o u n t C o a t t a l c k d a i s i o ” h F i l h i c t y t n f e t s c e n n w t 8 a b h f i b a s n o e v p u u r t r a a u r y r 0 o i a e t n r o e C m e B Ba e o ” m I 0 t e m t e y v w , o S S “ m n S S o 2 t s d o g d A o a i i e r n t o o g i l a c n n n t i n n rl e r n h i p i i o r i a i c i n b a i t s ” s i o i p r c t o i t g v t t l p s a l d o i o M e g s i s E n s s D V a r m W s r , c e “ e n b S e e e e M a i a e i u n r Be e b A b t f b b d n n n a d s E , w e e h i c P h a r o u t f e e c s s a e e t h s t S i e a E dy i t o h e h j e s r h h y I u ” T M g n s t s n s o T “ a “ T e w b a i T T i S e B i i i e r l s s r E , r s r t s e m b a – – D o g P – – e p –

– a o s D r u ” h p n r E n I A n y t 8 6 e k 7 e 8 i e r 0 m 1 1 i b 1 o e L a v u n 0 0 0 1 0 1 1 1 r u t o d S e e e A n SA a o 0 0 0 0 0 us u l 0 0 0 n o D I h M h n t “ b 2 “ 2 S b 2 N 2 E B 2 2 i U a 2 t “ J En 2 Contact

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