March 19 (SeeNews) - Serbian confectionery maker Atlantic Stark, a subsidiary of Croatia's Atlantic Grupa, plans to expand its factory in Belgrade, the local government said.
The project involves the construction of a new storage and production hall, as well as the expansion of the existing warehouse and production hall, the Belgrade city authorities said in project documents on Monday.
The size of the investment was not disclosed.
In December, Atlantic Stark signed a 20 million euro ($21.7 million) loan deal with German development finance institution DEG to secure funds for its development.
Atlantic Stark, established in 1922, operates in Serbia and the Western Balkans.
($ = 0.9217 euro)