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The participation in the realization of investment project worth 30 mln USD

02.12.2003

The largest pharmaceutical Serbian concern Hemofarm (Hemofarm Koncern A.D.) began building the pharmaceutical factory in the Kaluzhskaya region in the city of Obninsk. VFBS provides the complete legal support of this project.

Serbian concern Hemofarm is the great importer of medicines to the Russian Federation and to the CIS. In the year 2002 Hemofarm?s sales in Russia exceeded 20 mln USD, and are still growing.

Although the volume of production is limited by the producing facilities of the concern in Serbia. That was the main reason for beginning of the investment project in Russia.

At the end of 2002 the joint-stock company Hemofarm Concern A.D. and the administration of Obninsk signed the investment contract on the construction of the pharmaceutical factory ?Hemofarm-Obninsk?.

The total sum of investments according to this contract will come to about 30 mln USD.



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