BELGRADE (Serbia), November 3 (SeeNews) - Serbian footwear company Insert has opened a factory in Apatin and plans to invest 1 million euro ($1.16 million) in its development, the government of the autonomous northern province of Vojvodina said.

Insert plans to hire 60 employees at the factory shortly, while 100 more will be added during the second development phase of the project, the Vojvodina government said in a statement on Thursday.

The construction of the factory was supported by the local administration of Apatin and the government of Vojvodina and was carried out in a very short time, the mayor of Apatin, Milan Skrbic, said in the statement.

Insert operates factories in Sremska Mitrovica and Ruma, in northern Serbia, with a workforce of 120 and 150 employees, respectively. The company operates its own retail network with stores in 17 Serbian cities and exports to Russia, Belarus, Croatia, Bosna and Herzegovina, Montenegro, Macedonia and Bulgaria.