Economy of Nis

sp;Philip Morris to purchase it for a low price. In August 2003, The Philip Morris Corporation purchased the Niš Tobacco Factory (DIN) through the privatization process. Philip Morris' total investment of EUR 580 million makes it the single largest foreign investor in Serbia of the Year 2003.

Construction industry

Gradjevinar, stock company - originated from the construction firm of Niš County called Grapon in 1961. Gradjevinar has built large structural complexes as shopping centers, department buildings, entire campuses, sections of cities which can be found in Niš, Belgrade, East Serbia, Russia, Bulgaria, Israel, Jordan, United Arabic Emirates. The company has built:

more than 30,000 apartments, of approximately 180,000 square meters,

clinics, health facilities and hospitals, of approximately 80,000 square meters,

department stores, malls of approximately 50,000 square meters,

hotels, tourist sites, banks, schools, theaters, sports facilities of approximately 50,000 square meters,

various warehouses, factories, farms and cold storage buildings of approximately 150,000 square meters.

Electronics Industry

Electronics Industry - Holding Corporation, stock corporation - originated from the foundation of the Institute for the Production of Radio Sets and Roentgen Machines, "RR Niš", in 1948. The basic production encompasses acoustic equipment, electronic tubes, specific installations, printed plates, electronic machine elements,