January 20 (SeeNews) - Fruit and vegetables supplier Green Soil Kosovo said on Friday it has decided to cancel its investment plan for the construction of a 700,000 euro ($744,650) processing factory in Mitrovica, in northern Kosovo.
The company, a unit of Dutch venture capital fund GreenSoil Investments, has decided to drop the plan due to what it described as atmosphere of uncertainty and unfavourable conditions created by Mitrovica municipal authorities, Erblin Zhubi, director of Green Soil, told SeeNews in a Facebook message.
The construction of the factory was due to start in October 2016.
The construction site was not prepared, there were no streets and the plots of land in the industrial zone of Mitrovica were not separated, according to Green Soil Kosovo.
Zhubi dismissed as false local media reports - attributed to a Mitrovica municipal government official - that the company allegedly did not have enough funds to start building the factory.
Green Soil Kosovo pointed out that they were withdrawing from Mitrovica municipality, not from Kosovo.
"In order to continue, we are looking for another municipality which will offer us favourable conditions to allow our business to develop in a normal way," Erblin Zhubi said.
Green Soil Kosovo says on its website it exported peppers last year and plans to export blueberries, raspberries and melons in 2017.
The parent company, GreenSoil Investments, was launched in 2011.
($=0.93992 euro)