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Croatia's Vindija Starts 70 Mln Euro in Greenfield Project in Bosnia - Media

Sep 30, 2008, 10:16:21 AMArticle by Vladimir Petrov
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September 30 (SeeNews) - Croatian food producer Vindija has bought more than 10,000 hectares of land for 730,000 marka ($540,300/376,500 euro) in Bosnia under a 70 million euro ($100.5 million) investment plan, Bosnian daily Dnevni Avaz reported on Tuesday.

Croatia's Vindija Starts 70 Mln Euro in Greenfield Project in Bosnia - Media

As part of the greenfield project, Vindija will build 11 farms and a food plant in Bosnia’s Brcko district, Dnevni Avaz reported.

Vindija filed its first application for a building permit to Brcko authorities last week, according to Avaz.

The project is expected to create 500 new jobs.

Vindija group includes dairy and meet processing plants, poultry farms, bakery and a fodder producer.

Brcko is a neutral unit in war-divided Bosnia, where an ethnic Serb Republic and a Muslim-Croat Federation constitute autonomous entities with own governments. Bosnia has a central government as well.

(1 euro = 1.95583 Bosnian marka)

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