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Oct 18, 2022 11:05 EEST
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.
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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