Terme Catez Gearing Up for Biggest Slovenian Investment in Serbia

Terme Catez, the leading Slovenian spa, is planning to build a EUR 45m tourist complex in Serbia in what will be the biggest Slovenian direct investment in this former Yugoslav republic, a paper writes on Friday.

The spa is to be built in the city of Indzija north of Belgrade. The deal is to be signed by the end of November, while construction works are to be launched in the summer, Finance says.
Terme Catez has meanwhile said in a press release that it is “studying a possibility to invest in tourist complexes in Serbia, but no decision has been made so far about concrete locations”.
The complex, including several pools, will be built on 30 hectares of land, according to Finance, which says the company will make use of a local thermal water spring. Within the next five years, two four-star hotels, a congress hall and a golf course are to be added as well.
The spa centre is to be built by a newly founded Serbian company in which Terme Catez holds a 90 percent stake, the paper writes.
Another company planing fresh investments in Serbia is the leading Slovenian retailer Mercator, which is to open shopping centres in Indzija, Cacak and Kragujevac. A further one is planned in Montenegro’s Podgorica, according to the business daily.
Source: Slovenian Government Public Relations and Media Office

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