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FIRST FOREIGN INVESTMENT IN SIBENIK FREE TRADE ZONE

Autor: ;VM˜;
ZAGREB, Dec 5 (Hina) - The owner of the Italian company "Gruppo Constanzo", Vicenzo Constanzo, and the mayor of the central Croatian Adriatic town of Sibenik, Ante Supuk, on Thursday signed a preliminary agreement on investment, which marked the beginning of using Sibenik's free trade zone at Podi. Under the agreement, the Italian company will invest USD 5 million in building a pipe factory and a concrete components factory within the Podi zone, which would result in the opening of 200 new jobs, said a statement from the Croatian Investment Promotion Agency (HAPU) which had mediated in the signing of the preliminary agreement. The Podi free trade zone, covering the area of 550 hectares, offers very favourable conditions for housing production facilities, statement said. (hina) vm jn 051341 MET dec 96

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