Key Sectors

Sectors With Prospects and Potential

Automotive Industry

An optimal ratio between labor cost, productivity, and quality of workforce together with the fast and efficient connection to a network of Pan-European transport routes have caused many component and system manufacturers to recognize Vojvodina as a growing hub for the automotive industry in Europe. 

A variety of opportunities to gear up for greater profitability indicators:

  •     Ideal geographic location for JIT/JIS production models
  •     Close proximity to leading car manufacturers
  •     Access to top OEMs - 1,250 km radius
  •     Competitive operational costs
  •     Cutting-edge technical education ensuring constant supply of highly-qualified workforce
  •     Long-standing tradition in high-quality production standards

Agribusiness

The region of Vojvodina has all the ingredients you need to successfully service the fast-growing global consumer markets with premium food products. 

A recipe for superior quality food processing guaranteed by:

  •     Ample fertile soil: 1.5 mil ha - 84% of the territory
  •     Lowest usage of fertilizers and pesticides in Europe
  •     High-quality resource base, optimal climate conditions
  •     Organic production potential
  •     Long-standing experience 
  •     Growth trend in the export volume share (10,9% increase compared to 2012)
  •     No 1 FDI sector: No of companies, Investment volume, Number of workers

Real Estate

Vojvodina is an emerging region with a growing demand for modern real estate development. The geographical location, natural resources, population, and infrastructure provide beneficial conditions for development of various real estate projects.

  •     Residential, office and retail development projects in major cities
  •     Industrial zones in the vicinity of urban areas for manufacturing facilities
  •     Free zones in Novi Sad, Subotica, Zrenjanin, Apatin
  •     Inland waterways, railway and road infrastructure for intermodal logistics hubs
  •     National parks, nature resorts, rivers, lakes, and canal networks for hotels, spa and leisure resorts, golf courses and marina complexes

ICT

The region of Vojvodina is increasingly becoming a hot spot for innovation-oriented ICT companies and a first-choice location for reliable, high-quality, and cost-effective alternative to more developed markets.

  •     Sophisticated solutions at lower costs
  •     Easy access to best quality, experienced IT staff
  •     Continues increase in number of ICT students
  •     Substantial growth sector resilient to global recession
  •     Vast international market expertise of local companies
  •     Strong institutional support for R&D
  •     Excellent support through ICT-oriented business incubators 

Shared Business Services

A growing number of companies are deciding to bring their shared service centers into the region. Vojvodina is perfectly positioned to become the preferred choice - serving as the gateway to European and other global markets. 

  •     Outstanding pool of highly-qualified, university-educated workforce
  •     Access to impressive multi-lingual competencies
  •     Low employee turnover rates in the sector
  •     Young-spirited and culturally vibrant region
  •     Same time zone as many West European countries (GMT+1)

Renewable energy

Vojvodina is the region with abundant potential in renewable energy sources. As a result of the national energy policy that calls for increased use of renewable resources in order to meet the EU directives, the renewable energy sector is beginning to take shape. 


    Biomass

  •     1.6 ha of arable land providing full value chain coverage
  •     easy access to raw material base – biomass logistic distribution center in Apatin
  •     great investment opportunities for sophisticated biomass boiler manufacturers

    Wind power

  •     a number of ideal locations for wind power plants
  •     average annual wind speed 6.27 m/s
  •     Solar energysignificant potential, with 20-30% higher insolation intensity than European average
  •     267 sunny days per year with average insolation 1,000 kwh/m2.

    Hydropower

  •     estimated potential of small hydropower plants at about 20.2 MW 
  •     annual production of 90,730,000 kWh at 12 locations with 26 generators

 


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