The company from Živinice is expanding its production in Petrovo, and will hire another 100 workers

10.10.2022

The Minister of Economy and Entrepreneurship of the Republic of Srpska Vjekoslav Petričević praised the management of the “Models” company from Petrovo, stating that their investment in the production process improves business and survival in the demanding foreign market, and affects the creation of new jobs, which is significant for Serbia.

Petričević is satisfied that the company has decided to apply for incentive funds and the purchase of new machines, the amount of which for the next year will be higher than this year’s.

– We have 100 new jobs here, and with the tendency to expand, new ones will definitely be needed – Petričević told reporters in Petrov, where he visited the “Models” bed factory, which operates as part of the company “Kavgiko”, reports Srna.

Director of the Fund for Environmental Protection and Energy Efficiency of the Republic of Srpska Srđan Todorović says that the Fund participated with 100,000 KM in the co-financing of the system for heating plants from renewable energy sources, in which a total of 260,000 KM was invested.

The owner of the group “Kavgiko” Arslan Kavgić from Živinice, in whose composition the plant in Petrovo has recently started working, said that the plan is to have around 200 employees by the end of the year, considering that the group markets its products on the EU market.

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