“Two big foreign companies are set to invest some 100 million euro ($115.9 million) in Serbia’s western municipality of Loznica, where they will employ a combined 3,000 people, the local government said.

The Loznica municipal government provided no further detail in its statement issued over the weekend

According to local media, the two big companies due to set up shop in Loznica are American Adient and Chinese Mint, both operating in the automotive industry.

Loznica is expected to sign within the month deals with the two companies, officially marking their entry into the local market, Nikola Selakovic, secretary general of the Serbian president, told Tanjug.” (SeeNews)