There are a number of old socialistic industries that survived the transition period in Serbia. The biggest one is the chemical fertilizer factory "Azotara" and the rail wagon factory "Bratstvo". Currently the biggest export industry in town is the "Siemens Subotica" wind generators factory and it is the biggest brownfield investment so far. The other big companies in Subotica are: Fornetti, ATB Sever and Masterplast. More recent companies to come to Subotica include Dunkermotoren and NORMA Group. Tourism is important. In the past few years, Palić has been famous for the Palić Film Festival. Subotica is a festival city, hosting more than 17 festivals over the year.