In line with previously announced plans Tigar Trade has opened a ‘Stop&Drive’ service/maintenance centre in Pirot. The modern service centre is one of twenty such centres in Serbia and will provide services for passenger and cargo vehicles.
We expect a neutral trading reaction to the news as Tigar had previously announced plans to expand its network. We believe these centres will provide the company with easy access to customers. The Pirot-based service centre is very important for Tigar as it is situated on the EU Corridor 10 route, which will be built in the next two years. We believe these premises could add substantial value to Tigar Trade once EU Road Corridor 10 achieves full traffic volumes.