Svilajnac names streets after investors - Name costs 10 million euros and 300 jobs

After Rheum's founder Karl Rheum, Panasonic's founder Matsusiti Konosuku will also get a street named after him in Industrial Zone 1 in Svilajnac.

Svilajnac Deputy Mayor Predrag Milanović says that the streets are named after the investors who invest over EUR 10,000,000 and employ 300 people.

- We have named one street in industrial zone Veliko Polje after Karl Rheum, and we are going to name another street after Matsasuti Konosuki in September. There are two more streets waiting for investors - he explained.

Company Rheum from German province of Vitenberg is building a factory of plastic components and automated control systems for high-class automobiles in Svilajnac, which is expected to be finished in October. The value of the investment is 10 million euros.