On Dec 3, 2008, the Management of Billboard decided on the establishment of a new 51% -owned subsidiary based in the town of Niš, Serbia. The name of the company will be Mega Print DOO and it would deal with wide-format digital printing on the territory of Serbia, as well as with foreign trade and other advertisement services. Its registered capital will amount to EUR 500, with 49% held by the Billboard’s long-term Serbian partner and representative Advercity. In separate news the government announced that Heatset Jsc, a wholly-owned subsidiary of Billboard, will be supported for its BGN 100.7m project to build a new printing facility in Kostinbrod by government investment in the project’s infrastructure for about BGN 5.1m.