Yura opens second factory in Nis on June 13 - State grants EUR 7,000 for each new job created by this EUR 10 million investment

Yura, the manufacturer of electronic components for automobiles, is going to open its second plant in Nis on Monday, June 13, and invest EUR 10 million and employ 1,500 people in it, the Ministry of Economy and Regional Development announced Sunday.

For each newly created job the South Korean company will be granted EUR 7,000 through the Ministry's programme of non-refundable assistance for encouraging investment, which is run by the Investment and Export Promotion Agency (SIEPA).

Yura's investment, worth a total of EUR 15 million, is very important for the city of Nis because of its position and strategic significance for the regional development of Serbia, people at the Ministry announced.

Yura Corporation satisfies over 60 percent of the needs for automotive installations for Hyundai and Kia Motors vehicles.