Economy of Svilajnac

The state-owned factory contributed substantially to the local economy, until the 1990s, when economic crisis lead to the partial closure of the plant. The factory has been privatised in recent years, and is expected to reach its former production output, greatly aiding the local economy.

Recently, the municipal government signed a deal with the German car-parts manufacturer, Reum GmbH, on the construction of a new manufacturing plant, which should eventually employ 200 workers, and produce up to 50 million euro worth of exportable goods