Beretta eyes cooperation with Serbian Zastava
Vulin during his meeting with Franco Beretta; Source: Serbian Defence Ministry
BELGRADE (Serbia), (SeeNews) - Serbia's defence ministry said Italian firearms manufacturing company Beretta has expressed interest in cooperating with Serbian sector player Zastava Arms.
The government plans to launch by the end of the year negotiations with Beretta on potential future cooperation, the defence ministry said in a statement on Tuesday.
The Serbian government plans to adopt a regulation allowing the investment of foreign companies in the country's defence industry, the ministry added.
"Beretta is very interested in some factories in Serbia," defence minister Aleksandar Vulin said in a video file posted on the website of the defence ministry. On the other hand, Zastava Arms needs investments in its production processes, he noted.
Zastava Arms represents an excellent opportunity for investments, while the arrival of Beretta to Serbia would be a positive signal for all foreign investors in the sector, Vulin also said.
Vulin paid on Monday an official visit to Italy, where he met with the owner of Beretta, Franco Beretta.
Zastava Arms produces arms for military and civil usage. The company, based in Kragujevac, in central Serbia, exports hunting and sporting weapons to over 30 countries in the world, data from the corporate website shows.
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