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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

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Member News

27. March 2014.

PHILIP МОRRIS STRENGTHENS ENTREPRENEURSHIP IN SERBIA

Applications from as many as 153 municipalities across the country for “START UP FOR YOUR BUSINESS” national contest

2,303 candidates from as many as 153 municipalities in Serbia have applied to this year's contest within the "START UP FOR YOUR BUSINESS" national program, which lasted from October 17, 2013 until January 15, 2014. In the last four years, thanks to financial support of PHILIP MORRIS, 278 small and family businesses have been set up. Moreover, they all operate successfully today, thus providing jobs for more than 1,000 people. In the new cycle, the start-up of additional 100 new small businesses will be supported.

The selection process is in progress, and preliminary results of the first round will be announced in the second half of March. In the second selection round, the commission will visit all shortlisted candidates in order to reach a final decision on the selection of 100 new entrepreneurs who, in addition to receiving grants for start-up of small business, will also be provided with business and professional training and continuous consulting support of economic experts. This type of additional support has proven to be the key to success, enabling all program beneficiaries so far to remain competitive at the market. You can watch a short film on the program here: Video footage about the program beneficiaries

"We are very satisfied as in this year's cycle we have received applications of future entrepreneurs from as many as 153 municipalities, compared to 121 municipalities in Serbia in the previous cycle. It confirms that the START UP FOR YOUR BUSINESS program is expanding and that people believe that entrepreneurship provides a specific, sustainable and long-term solution for the high unemployment rate, which is one of the most pressing issues in the country. The fact that all 278 small businesses supported so far within our program are successful definitely shows that we are on the right track. Creative entrepreneurial ideas are the key factor of future economic development of Serbia," said Jelena Preradović Stevanović from Philip Morris.

START UP FOR YOUR BUSINESS is implemented by the NGO ЕNЕCА, and significance and good results of the contest in the last four years have ensured support of a large number of partners as well. Via its network of branches and offices, the National Employment Agency informs unemployed persons about the opportunities provided by this program and provides all the necessary support in applying. For more detailed information on the program, please visit www.pokrenisezaposao.rs.

For additional information, please contact public relations agency
Represent Communications:
Zoran Štetin, 063 384 164, zoran.stetin@represent.rs

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