Rumors which have been floating around IT circles in Croatia recently that American giants Apple are set to move production of their iPhones and iPads to Croatia have finally been confirmed, reports Bug Online.
Croatian Prime Minister Zoran Milanovic and Apple CEO Tim Cook have signed a deal in the early hours of this morning (Croatian time) which will see Apple build a production plant in Croatia. With rising labour costs Apple have been searching for the past 6 months for an alternative location to produce its future iPads and iPhones. Croatia’s cheap labour costs, the fact that it will soon become a member state of the European Union and its geographical location were the main factors in the deal which is set to bring in over 200 million euros a year into the Croatian economy.
Apple CEO Cook said that the ease of doing business in Croatia with the absence of bureaucracy was the key factor in deciding on the new production factory location.