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Bosnia and Herzegovina
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Bosnian public investors open olive processing factory in Neum

Oct 18, 2022, 11:06:06 AMArticle by Dragana Petrushevska
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October 18 (SeeNews) - The government of Bosnia's Herzegovina-Neretva Canton, the municipality of Neum and other public investors opened a 1.3 million marka ($654,000/664,679 euro) factory for the processing of olives, the Neum municipality said.

Bosnian public investors open olive processing factory in Neum
Author: jgbarah. License: Creative Commons, Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

The investment was backed by the Federation's economy ministry, Herzegovina-Neretva Canton's ministry of economy, and the Sarajevo Economic Regional Development Agency (SERDA), the municipality of Neum said in a press release on Monday.

The factory is intended to be used by local olive farmers.

SERDA was established by a number of Bosnian municipalities in 2001 with the aim to stimulate economic development.

Herzegovina-Neretva is one of 10 cantons of the Federation, one of two autonomous entities that form Bosnia. The other entity is the Serb Republic.

(1 euro = 1.95583 marka)

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