Vucic: Ariston coming to Nis, to invest 75 mln euros in new plant

BELGRADE - Serbian President Aleksandar Vucic announced on Tuesday Italian heating systems and boiler manufacturer Ariston would open a plant in Nis and invest 75 mln euros in it.

"Today we have good news, as we had hoped to be able to announce to the people of Nis as well as entire Serbia. We have completed a discussion with representatives of Ariston, one of the most powerful Italian heating systems and boiler manufacturers, which has built a small factory in Svilajnac and is now preparing a major investment for Nis," Vucic said in a video posted on his Instagram account.

He said Ariston would invest 75 mln euros in the plant and that that was just the beginning.

"Because we hope - and we discussed that with (Ariston chairman) Paolo Merloni today - that R&D centres, and everything else that will provide additional jobs to people in Nis, are coming too, and they will have more than 300 employees from 2025," he said.