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Nov 15, 2017 15:32 EEST
BELGRADE (Serbia), November 15 (SeeNews) – Serbia's defence minister Aleksandar Vulin said the country's defence industry has won export orders worth $405 million (342.2 million euro) year-to-date.
The backlog of Serbia's defence industry now totals $687 million, Vulin said during a visit to the production plant of explosives manufacturer Prva Iskra in Baric, near Belgrade, according to a government press release issued on Tuesday.
The government is drafting a law that will allow foreign investors to acquire up to 49% shareholding interest in the capital of Serbian defence companies in order to attract more investments, enter new markets and get access to new technologies, Vulin said.
In August, Vulin said he expected the exports of Serbia's defence industry to rise by 20% in 2017 as a result of favourable market conditions. The total value of export contracts signed by the Serbian defence industry stood at $754 million back then, Vulin said.
($ = 0.845056 euro)
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