THE SUBSIDY CONTRACT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF SERBIA AND THE COMPANY '' DELPHI PACKARD '' SIGNED IN NOVI SAD

In the presence of Prime Minister of the Republic of Serbia, Mr. Aleksandar Vučić , and the Mayor of Novi Sad, Mr. Miloš Vučević, the Subsidy Contract between the Government of the Republic of Serbia and the Company '' Delphi Packard '' Novi Sad was signed today in the City of Novi Sad. The Contract was signed by the Minister of Economy of the Republic of Serbia, Mr. Željko Sertić and CEO '' Delphi Packard Electric '' for Europe, Mr. Vincent Fagard.

-What we have announced is now realized. After more than three decades, we are witnessing that the factories are not closing in Novi Sad, but rather opening. The investments in the production cycle are coming and creating new jobs, and for us, this task is of the utmost priority. Likewise, after three decades, the City Novi Sad has the support of the Government of the Republic of Serbia and the Prime Minister, which means that our City is the right place for investments. This is also an opportunity for '' Delphi '' Company to connect with our schools and faculties, so that our students could have a place to do the practice, as to be ready to find jobs in the real economy. I would like to express my deepest appreciation to the Prime Minister for his support; very soon, this site will comprise several thousand employees of Novi Sad - the Mayor of Novi Sad said.

Serbian Prime Minister, Mr. Aleksandar Vučić, thanked the representatives of '' Delphi '' Company that they have decided to invest in Serbia, since it is the Company that will produce parts for '' Volvo '' and “Jaguar”, while the total value of its investment in Serbia is 40 million euros.

- This place will soon be bright and warm, and there will be 2,000 people working. This is, after thirty years, the first investment of this rank in Novi Sad and Vojvodina, which is of great importance for the whole of Serbia. We worked in silence, and we had competition from at least two other countries. At a time when the European Union has GDP only slightly above the level of the recession, it is not easy to attract foreign investors, but in this case, we have shown that we can attract the biggest and best. In addition to providing 2,000 jobs in Novi Sad, '' Delphi '' will employ a thousand people more at different Serbian local community, and this is the beginning of the renaissance of our country. The Government money is well invested, and this is a great thing for Serbia – the Prime Minister Vučić pointed out.

As it was said during the signing of the Contract, the total value of incentives of the Government of the Republic of Serbia and the City of Novi Sad is about 18 million eurous, while the Company has already hired 300 workers who are trained in Romania. According to Mr. Vincent Fagard, this represents a very important date in the history of '' Delphi '' Company.

- We united with the authorities in Serbia in order to implement this important project which involves the production of electric modes and supplies the biggest brands in the automotive industry. During the selection of our investment destination, we are paying attention to the characteristics such as the availability of personnel, quality of education, as well as the willingness to learn and we are pleased that we chose Novi Sad for our project - Mr. Fagard said and thanked everyone who supported the project, primarily to the SIEPA Agency, the City of Novi Sad, the Ministry of Economy and the Prime Minister of the Republic of Serbia.

- “Delphi Automotive PLC “ is a global supplier of auto technology for passenger cars and commercial vehicles. Its headquarters are in the United Kingdom, while it has technical centers, manufacturing facilities and customer support services in 44 countries around the world.

Novi Sad, 19th February 2016