July 1 (SeeNews) - Macedonian farming company ZK Pelagonija Bitola [MSE:ZPKO] said on Friday it has allocated 500,000 denars ($11,734/8,119 euro) for feasibility studies for the construction of a milk processing plant and an upgrade of its pig farm.
Each feasibility study will cost 250,000 denars, ZK Pelagonija Bitola said in a statement sent to the Macedonian Stock Exchange (MSE).
ZK Pelagonija Bitola's milk processing plant will be located in the Zabeni industrial zone, near the southwestern city of Bitola.
Further details were not provided.
The shares of ZK Pelagonija Bitola were trading flat at 2,300 denars by 1100 GMT on Friday.
(1 euro = 61.5813 Macedonian denars)