New retail chains coming to Serbia

BELGRADE — Trade Minister Slobodan Milosavljević says two large retail chains from Austria and Turkey are coming to Serbia.

However, he did not want to reveal the names of the companies, nor the value of the investments.

“I cannot reveal the names of the companies, but one is Turkish and the other one is Austrian. The decisions have already been made and are pending confirmation by their respective boards of directors. I expect that to happen early this autumn,” said Milosavljević, adding that at about the same time he expected construction of the first shops to begin.

He said that the Austrian retail chain would probably begin building in Subotica or Novi Sad, and then later Belgrade, while the Turkish company would build its first retail outlet in Niš.

Milosavljević said that of the world’s top ten retail stores, only Metro was present in Serbia.

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