Economy
As all of the socialist governments considered heavy industry to be the driving force of the entire economy, it for decades dominated Novi Beograd's economy too: Motors and Tractors Industry - IMT, Metallic cast iron factory - FOM, Beograd (formerly Tito) shipyard, large heating plant in Savski Nasip, MINEL electro-construction company, etc. All of these complexes will be removed and develop in business and residential areas.
In 1990s with the collapse of gigantic state-owned companies, Novi Beograd's local economy bounced back by switching to commercial facilities, with dozens of shopping malls and entire commercial sections. These activities are further enhanced in the 2000s (decade). The 'Open Shopping Mall' or the Belgrade's flea market is also located in Novi Beograd.
New Belgrade become main business district in Serbia and becoming main business district in South East Europe. Many companies choose New Belgrade for their headquarters or regional centres such as Acer, Comtrade group, Imtel Computers, Microsoft, Ikea, Delta Holding, DHL, Jat Airways, OMV, Siemens, Société Générale, Telekom Serbia, Telenor Serbia, Unilever, Vip mobile, Yugoimport SDPR, Ericsson, Colliers International, CB Richard Ellis, Cisco Systems, SAP AG, Hewlett-Packard, Huawei, etc. The Belgrade Stock Exchange is also located in New Belgrade. Other notable structures built not too long afterwards include convention and congress hall Sava Center, Hotel Jugoslavija, Genex condominium, Genex Tower sports and concert venues Hala Sportova and Belgrade Arena, and 4 and 5-star hotels Continental Hotel Belgrade, Holiday Inn, Hyatt Regency, Tulip Inn etc,with 1253 rooms,... Many structures are currently under construction like Ada Bridge, Airport City Belgrade, Elektroprivreda Srbije HQ., Intesa HQ, West 65 business-residential complex, etc.
Now over 1,2 million square metres is under construction in New Belgrade. Estimated value of construction in next two and half years will be over 1.5 billion Euros. Currently finished projects in New Belgrade are Delta City, Sava City, Univerzitetsko Selo and Ušće Tower.
Read more about this topic: Novi Beograd
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)