Military takes over management of FAP – New Supervisory Board formed
According to the Director General of FAP, Ranko Vukovic, the old Supervisory Board, previously appointed by the Ministry of Economy and the Government of Serbia, has been relieved of duty and a new one has been formed based on the decision by the Government of Serbia, with three members representing the Ministry of Defense and the Serbian Armed Forces. The president of the new Supervisory Board is Colonel Tomislav Radivojevic, a representative of the Ministry of Defense.
The management organs remain the same. The Executive Board, the director general, the executive director and other management members will not change. As Vukovic says, these changes mean a lot to FAP and Priboj.
– We have become a part of a family. FAP has had a permit for the production of arms and military equipment for a number of years now. This will certainly make things easier for us at FAP, as the Ministry of Defense was our client and now we have an agreement with the Serbian Armed Forces, that is, the Supply Department, so I expect another agreement with the Serbian Armed Forces next month – Vukovic revealed.
Vukovic reminded that, with these agreements, FAP has joined the company of business entities that produce equipment and arms for the Serbian Armed Forces, which certainly means that the former giant will be given the same treatment as other factories from the arms industry.
Although the Ministry of Defense is now in charge of management control in FAP, this doesn’t exclude the possibility of the factory’s producing commercial vehicles as well in the future.
– We have the need for enhancing and modernizing our commercial program with development projects and new strategic partners – Vukovic said.
The director general of FAP said that, keeping in mind the agreements signed so far, around 200 people will still be hired and that the ambition was to increase the number in the future, as well as the volume of production.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
29.04.2024. | Construction, Transport
Tender for reconstruction of water tower and construction of footbridge within Lozionica worth EUR 12.6 million opened
29.04.2024. | Construction, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
28.04.2024. | Industry, Construction
Sombor sells 21 ha of land in Industrial Zone
28.04.2024. | Industry, Construction