Economy
Surroundings of Subotica are mainly farmland but the city itself is an important industrial and transportation centre in Serbia.
Because of the surrounding farmlands Subotica has some of the most famous food producer industries in the country, with brands such as the confectionery factory "Pionir", "Fidelinka" the cereal manufacturer, "Suboticka mlekara" a milk producer and "Simex" producer of strong alcohol drinks.
There are a number of old socialistic industries that survived the transition period in Serbia. The biggest one is the chemical fertilizer factory "Azotara" and the rail wagon factory "Bratstvo".
Currently the biggest export industry in town is the "Siemens Subotica" windmill factory and it is the biggest brownfield investment so far. The other big companies in Subotica are: Fornetti, ATB Sever and Masterplast.
The most recent companies to come to Subotica are Dunkermotoren, and NORMA Group.
The main reason why foreign industry is usually interested in Subotica are (according to the local economic development office (web-site)):
- Perfect strategic location for business development
- Efficient and business friendly administration
- Free zone and logistic center
- Well trained, hardworking and easy to come by labour
- Great tourist recognition
The city received the NALED award for being the one of five best cities in Serbia for investors in 2010 and also has the NALED business-friendly certificate.
Tourism is significantly important to the city due to Palić and the Palić Lake being near by, which is by itself a tourist destination. In the past few years, Palić has been famous for the Palić Film Festival.
Subotica is also a festival city, hosting more than 17 festivals over the year. (web-site)
Read more about this topic: Subotica
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)