A new textile facility in Bileca near Trebinje in south Bosnia and Herzegovina (BiH), and three additional facilities that officials announced will be opened soon, are raising hopes for economic revival in some of the economically hardest hit areas in the country….
The Nikola Tesla enterprise, founded by the RS government, owns the Bileca factory. The enterprise bought collapsed textile plant buildings in four cities in Herzegovina and said it is set to invest 10 million euros in textile manufacturing.
Nikola Tesla officials said the Bileca factory plans to hire 2,500 workers by 2014 and it has buyers for textile products in Germany for the next five years.
Unemployment in BiH has been as high as 44% in recent years; the new factories will have their pick of experienced textile workers from among the hundreds laid off in previous factory closures in the area.
