May the 2nd, 2022 - The Colombian-Croatian startup Minka, the head of which is a former ''Infobiper'' from the wildly successful Vodnjan-based company, has recently received a huge cash injection.

As Jutarnji/Novac/Bernard Ivezic writes, new startups have already started emerging from the rather remarkable company Infobip. A good example is the Colombian-Croatian startup Minka, a fintech company which has just raised a huge 24 million US dollars in investments from two major investors, Tiger Global Management and Kaszek. In total, Minka has received 27.5 million dollars in investments so far.

Tiger Global Management is otherwise one of the largest and most active investors in startups. The assets of this American investment company are estimated at over 95 billion dollars, and its founder is New York billionaire Chase Coleman III. Kaszek, on the other hand, is the largest investment company in all of Latin America.

The Colombian-Croatian startup Mika is developing software to modernise the banking system. Its product is a cloud platform which bears the same name (Minka), and which functions like Lego bricks and enables the fast development of applications such as mobile wallets, loyalty programmes, clearing house settlement systems, and various types of infrastructure for central banks and digital banks themselves.

The Colombian-Croatian startup Minka allows both citizens and companies to exchange money between their bank accounts instantly, which, even here in Croatia, isn't yet a widespread standard.

Infobip as a starting point

In the background of Minka lies the much talked about blockchain technology, so its investment is also the largest in a blockchain startup from Croatian founders. Minka's partners are respectable, giant companies such as Google and Mastercard, and the latter is also its investor. Minka was jointly launched by Croatian Domagoj Rozic and Colombian Paola Sanchez. Rozic is the executive director, and Sanchez, who has extensive experience in finance, is the chief operative.

Domagoj Rozic was Infobip's main man for Latin America for almost three years, more precisely from 2013 to 2016. He ran a very important Infobip office in Colombia. He completed his education at MIOC, ie XV. Gymnasium in Zagreb, and then went on to study and graduate in computer science at FER. He started his career as an IT manager in the Control Bureau, then he was a training manager in the IT Centre Zagreb, a project manager in Adacta, and just before leaving for Colombia, he became a partner in Cognita.

He initially left Croatia back in 2011 when he took over the leading position of the British branch of the risk assessment company Drum Cussaca in Bogota. Two and a half years later, he moved to the local branch of Infobip, which us the first Croatian unicorn startup today. He started at Minka at the end of 2016, and the company formally introduces itself as a startup from Bogota, but is legally registered as a company in Delaware, USA.

The entire development of technology, as well as products for the Colombian-Croatian startup Minka, takes place right here in Croatia. Formally, back in February this year, Rozic even registered the company Minka IT in Zavrtnica in the centre of the City of Zagreb, as a subsidiary of its American parent company. There is a support and sales team in Bogota, Colombia. The startup has a total of 30 employees.

Google has nothing but praise for this company 

Google Cloud states that the Colombian-Croatian startup Minka is a platform that allows financial institutions to quickly move to so-called open banking, claiming that through Minka, digital financial services can be developed in mere days, not years. Google Cloud itself states that the whole solution can be upgraded within 10 minutes and then live testing can begin within a single day. These are very bold statements from Google, because the development of financial applications is usually measured in months and years, which only goes to show the level that Minka has reached.

The Colombian-Croatian startup Minka, on the other hand, says they want to become an open banking standard for cash-based economies.

''In most such economies, payment and infrastructure is mostly focused on credit card processing, and most transactions take place through clearing houses and cash agents that use what are now rather outdated concepts. The development of new interfaces takes months and years and forces fintechs to spend most of their resources on overcoming this obstacle. In addition, the payment system in such economies is largely fragmented. Minka simplifies everything,'' they explained from the Colombian-Croatian startup.

The largest open banking project in all of Latin America

As an example of what this form of modernisation looks like, Domagoj Rozic pointed out the Colombian clearing house ACH Columbia, with which they realised the Transifiya project in partnership. The largest banks in Colombia are connected to it, and this new settlement system, which uses Minika's technology in the background, now allows access to up to 80 percent of Colombia's bank accounts. This means that thanks to Minka, almost all Colombians can send money from account to account in real time, without waiting for the clearing house, for example, to transfer funds between banks twice a day on weekdays.

''This is the largest open banking project in Latin America,'' Rozic said.

Here in the Republic of Croatia, the counterpart of ACH Columbia would be the Financial Agency (Fina). Across the EU, a similar initiative, but through regulations, is being pushed by the European Commission (EC). The EC has adopted the PSD2 standard, which forces European Union-based financial institutions to evolve towards open banking. This opened the space for an explosion of different Croatian fintechs, as well as for the entry of some great foreign players.

In Europe, most work is being done on standardisation in this area within associations such as Open Banking UK and the Berlin Group, and in Croatia, recently more and more startups like Minka are exploring the opportunities they have gained and offering some brand new services - not only financial ones but also, for example, identity and digital signing services.

Finance as the first association

For Croatian startups, Colombia is a pretty decent place. Although the country itself has a reputation for a completely different industry and for being a politically very turbulent region, for Croatian startups, this South American country is best known for its financial industry. Infobip has built a strong presence over in Latin America thanks in large part to its Bogota branch. However, it should be remembered that the second Croatian unicorn, the Rimac Group, found its first investor in Colombia, at a time when no one in Croatia wanted to invest in Mate Rimac's business and barely even gave him a second glance.

Bogota’s business angel, Franck Christian Kanayet Yepes, despite the entry of major investors into Rimac’s business over the past few years, has remained active within the group and is today chairman of its supervisory board.

For more, make sure to check out our dedicated business section.

April the 30th, 2022 - Wildly successful Croatian entrepreneur Mate Rimac, the founder of Rimac Automobili, is looking to employ as many as 250 new employees, some of whom will go on to work in the United Kingdom and in the German capital of Berlin.

As Poslovni Dnevnik writes, nobody who follows the media space in Croatia will find the name Mate Rimac strange. This incredibly talented and doggedly determined Livno-born businessman not only placed the country on the automotive map after starting out from his garage, but has since become the co-owner of Bugatti Rimac, with many other ventures having taken place in the meantime.

The entrepreneur recently announced on his Facebook profile that he was on the hunt for a significant number of employees, some of whom will remain in the country, and some will go to work abroad in other European countries, namely Germany and the United Kingdom.

At the level of the entire group, as many as 252 people are wanted by the CEO at nine different locations. Of that, 146 people are wanted to work at Rimac Technology, and 106 people are sought for various positions within the large Bugatti Rimac company.

"This year, 300 colleagues have joined us, and by the end of the year we are looking for 400 or more people," he wrote on social media.

Both Rimac and Bugatti are looking for a number of different experts, mostly engineers and software developers.

These future employees will work in Sveta Nedelja and Savska Opatovina near Zagreb, as well as in Split, Osijek, Warwick in the United Kingdom, and one job is also available in Berlin, the businessman revealed.

The amount of jobs Mate Rimac, who is a self described car lover since childhood who could never have dreamed his success would become what it since has, has created for Croatia and beyond is admirable. On top of that, he readily schooled the government on what it means to attract massive industry like the automotive industry to a small country that was otherwise entirely overlooked.

For more, check out our dedicated business section.

April the 30th, 2022 - The highly successful and by now very well known Croatian company Microblink is set to hire even more people throughout this year, it is also planning further expansion.

As Poslovni Dnevnik writes, one of the leading domestic high-tech companies, the Croatian company Microblink, which operates globally developing solutions on artificial intelligence (AI), is accelerating its business momentum this year and expects revenue growth of 50 percent and the hiring of more than 450 employees, the company said in a recent statement.

"Over the past year, we've transformed the company into a global technology enterprise with a New York office and clients around the world. We also undertook rebranding and developed a lot of tools to help identify the needs of our users,'' said the global vice president of Microblink for operations and director for Croatia Igor Strejcek.

He stressed that the Croatian company Microblink's overall vision is to enable the wide global use of AI, with the further development of their AI platform for which they want to be the ‘AI Power House’ and perhaps one day see it become a separate part of the company itself.

''It's quite difficult to say whether this will all pan out by the end of this year or next year, but we're on the right track and we're heading in that direction,'' added the global vice president for engineering of AI, Matija Ilijas.

Microblink's AI platform, he added, significantly speeds up and automates the process of developing and delivering AI solutions, with a strong focus placed on data security and protection, and it has so far developed more than 50 advanced AI models running on more than 100 million devices and on average 40 percent more quickly than on competing Google or Apple solutions.

For more information on Croatian companies, entrepreneurs and innovation, make sure to check out Made in Croatia.

April the 28th, 2022 - The Italian ABS is investing a massive 200 million euros into the once rather problematic Sisak ironworks according to recent Italian media publications.

As Poslovni Dnevnik/Marija Brnic writes, the once somewhat troublesome Croatian steel plant in Sisak will soon get a large cash injection according to Italian media, which have reported that the executive board of the ABS Group, owned by ABS Sisak, approved the company's investment programme worth a total of 400 million euros, and part includes the construction of a new iron rolling mill in Sisak.

The Italian company announced that this is a large and revolutionary project, a kind of milestone in the production of steel, which, with the technological breakthrough will be of great importance in the context of energy transition.

Danieli Digital Melter's new steel melting technology should enable the direct use of renewable energy sources, and according to the announcements, instead of a conventional electric furnace, solar energy will be used by installing 160,000 square metres of solar panels, which will make ABS a leader in green steel production. The Italian metallurgical company, which is owned by the Italian industrial giant, the Danieli Group, revealed that this ambitious project for the Sisak ironworks will be realised over a three year period.

Danieli decided to enter the investment venture of ABS in response to the sharp increase in demand for steel across Europe, and major changes on the global steel market, which began being felt before the war in Ukraine broke out. Following the Russian invasion of neighbouring Ukraine, a complete turnaround and a return of steel production in the EU and the USA took place. Danieli has been encouraging research and development activities for years now, looking more deeply into so-called green steel, through carbon reduction, and even the preparation of the use of hydrogen in production, and over recent years, ABS has invested in the modernisation of its production over one billion euros.

This will not be the first investment in the Sisak ironworks, ie this particular "unit" of ABS, about which the details aren't yet being revealed when it comes to the specific investment in the new rolling mill.

Davor Sosic, President of the Management Board of ABS Sisak, who took over the management a month ago, pointed out that two years ago, a new innovative digital power system, Q-One, worth 10 million euros, was installed at the Sisak ironworks. Sosic explained that this represented a huge step forward for the Sisak ironworks in general, which is a large consumer of energy, and the existing system has caused difficulties and a decline in the electricity network.

It is a prototype, which will be used by ABS in Italy, whose main effect is not to reduce electricity consumption, but primarily to improve overall system efficiency.

The owner of the Sisak ironworks decided to enter this investment in the midst of the coronavirus crisis, when the steel market slowed down worldwide. Sosic also pointed out that 5.6 million euros were invested in the renovation of the continuous iron casting plant, which was completely obsolete, and this year, the electric arc furnace is being replaced, which is an investment worth more than six million euros.

"We're continuously trying to raise the technological level of the plant and our goal is to increase our existing annual production,'' stated Sosic, adding that it is expected that this level will be exceeded with the new rolling mill. It's worth noting that the Italian ABS currently produces about 1.2 million tonnes of steel per year, and it is estimated that it will double this production after the new investment is completed.

This new investment venture in the Sisak ironworks should significantly transform production there, as the plants are now producing semi-finished products. After the construction of the new rolling mill is completed, Sisak's ABS will also sell those finished products, which will be a big step forward in terms of their further business.

The Sisak ironworks is otherwise already achieving constant growth, and operates mainly on foreign markets, from Italy to Turkey and Germany. In the 2019/2020 business year, in the conditions of the global coronavirus pandemic and difficult business for the steel industry on a global level, the total revenues of ABS Sisak were at the level of 114 million kuna, and the following 2020/2021 period, their revenue stood at an impressive 463 million kuna. In the first half of the new business year, more precisely from July to December 2021, which was marked by higher steel prices, their revenues exceeded the entire previous business year, reaching almost half a billion kuna, so it's only natural that ABS Sisak expects to achieve a record result this year.

For more, check out our business section.

April the 27th, 2022 - The Croatian NUTRIS Group has made quite the name for itself with a new factory, entirely unique in Europe, using revolutionary technology.

As Poslovni Dnevnik/Suzana Varosanec writes, the founder and CEO of the Croatian NUTRIS Group, Zvonimir Sedlic, said that he is very proud of the group for being the very first to implement a revolutionary process in the extraction of plant ingredients from beans as one of the best sources of protein. He is also proud of the fact that the Croatian NUTRIS Group has constructed the very first European hybrid factory.

“The factory will use the latest technology to produce high-quality ingredients of plant origin with an emphasis primarily placed on proteins. By cooperating with Croatian farmers, we're contributing to the revitalisation of Croatian agriculture, and we're proud of the sustainability of the production process based on the principles of the circular economy. The opening of the factory is the first step towards the construction of agro-industrial NUTRIS.park ™ to connect all of these processes in one single location, from primary production, research and development, all the way to industrial production and socially useful, educational and sport facilities for all those who believe in our nutritional, innovative and sustainable concept,'' said the founder and CEO of the Croatian NUTRIS Group, Zvonimir Sedlic.

With an investment worth a massive 220 million kuna, the Croatian NUTRIS Group officially opened the very first European hybrid factory for the production of high quality ingredients of plant origin by processing beans and potatoes in Novi Senkovac near Slatina. The investment was realised in partnership with the Danish company Sicca Dania, one of the leading companies in the field of engineering solutions for the food industry.

The factory applies revolutionary technology, which the University of Copenhagen has been developing for more than a decade now, and Sicca Dania and NUTRIS.tech ™ have intensively tested, further improved and, as they claim, proven their application in the industrial environment. However, according to the founder and President of the Management Board of the Croatian NUTRIS Group, this is only the first phase of a major investment cycle, which includes the expansion of the existing plant by the year 2025 and the construction of the NUTRIS.park ™ by the year 2030.

The factory produces protein, starch and fiber isolates from beans and potatoes and currently cooperates with more than 250 farmers and employs 50 experts. Their goal is to reach a production capacity of 70,000 tonnes of high-quality ingredients for the food industry by the year 2025 in cooperation with more than a thousand family farms, as well as to create another hundred new jobs.

The process of obtaining isolates is sustainable and represents the pinnacle of the global food industry from the perspective of complexity and in terms of the sheer level of investment. Their ingredients of plant origin enter the market under the name NutriSmart and are of superior quality, adapted to vegetarians and vegans, don't contain gluten or allergens and have a neutral taste, and are produced from local raw materials from the EU. They're aimed at the food industries in the fastest growing markets, which include the EU, North America and Asia.

"I'd like to congratulate you on the realisation of a project that applies innovative technology and a sustainable approach to doing business, using the principles of the circular economy. This is a very high-tech investment in the rural area of ​​Slavonia, it will create jobs and it has the aim to have the largest possible share of raw materials for production procured from local producers is in line with the Croatian Agriculture Strategy until 2030.

The Group is also a producer that successfully uses the funds of the Rural Development Programme to invest in potato warehouses. This tender was created as a quick, long-term sustainable and development solution of the Ministry of Agriculture for the problem faced by Croatian potato producers due to the ban on plant protection products (such as chlorpropham), and the contracted value of aid for it stands at almost 103 million kuna,'' said the Minister of Agriculture, Marija Vuckovic, adding that so far in Virovitica-Podravina County, the agreed value of aid is 1.1 billion kuna and 967 million kuna has been paid, along with almost 33 million kuna COVID-19 aid measures.

For more, make sure to check out our dedicated business section.

April the 27th, 2022 - The Croatian company Premifab has presented its innovative idea to tackle the issue of distillation sludge. The company is already very well known and respected in hazardous waste regeneration.

As Poslovni Dnevnik writes, Marija Brnic writes, last week, during the visit of the Minister of Economy Tomislav Coric, the Croatian company Premifab from Sveta Nedelja, which is the regional market leader in hazardous waste regeneration, revealed that it is continuing to develop and invest 80 million kuna in a new plant in Ivanic Grad, and it has recently taken a step even further.

In cooperation with the Faculty of Geotechnics at the University of Zagreb, the Croatian company Premifab began to develop innovative piece of technology in the development of the recovery of distillation sludge into a useful raw material for further production processes in industry. The value of the project stands at more than 13.3 million kuna, half of which is being co-financed by European Union (EU) funds.

Igor Podravac, the co-founder of Premifab and the director of the company's business development, associate professor Aleksandra Anic Vucinic and Silvija Petkovic, a PhD student at the Faculty of Geotechnics and the head of quality control and labs at Premifab presented the significance of this project for industry and a more sustainable economy at a conference which was held at the Croatian Chamber of Commerce (HGK).

This was otherwise the inaugural conference of the IRI2 project "The development of new technology for the more efficient recovery of solvents and other types of hazardous waste", one of 23 Croatian projects in the field of research, development and innovation.

In the five years since it appeared on the market, the Croatian company Premifab has introduced a new standard in the regeneration of hazardous waste by converting as much as 95 percent of waste into raw materials, which it then returns to the shipper in the form of reusable solvents.

It deals mainly the automotive and pharmaceutical industries, as well as in the production of food packaging, and it already recovers more than 1,900 tonnes of solvents per year.

For more, make sure to check out Made in Croatia.

April the 26th, 2022 - The Zagreb company Codel boasts a truly unique private robotic laboratory, making it stand out as the only enterprise in the Republic of Croatia to have one to its name.

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, the Zagreb company Codel, with 30 long years of experience in the manufacture and design of systems for production and industry, will soon become completely ''Krizevci-owned''.

Codel has had a part of its activities in this continental Croatian town since back in 2016, and just recently it presented its laboratory in the Development Centre and Technology Park, where it researches and develops applicable robotics applications for industry. Not only that, but next year in the Gornji Cret Entrepreneurial Zone, the company plans to build a factory of its products.

Synchronised action

The Zagreb company Codel's laboratory, a space with several robotic ''beings'', is reportedly the first and only one of its kind in all of Croatia.

“Here, we show our clients our reach, to make sure they know we can do what they want. We're able to create a complete turnkey project, since the client comes and asks us what the problem is, and we solve it with the help of our technologies,'' explained Tihomir Hodak, the former director of Krizevci Entrepreneurial Centre, and who in recent years has become a member of the Board and the director of business development at Codel.

The range of technologies the Zagreb company Codel deals with includes industrial robotics and robotic movements in production, horizontal and vertical integrations in production, traceability and labelling, as well as Industry 4.0. In the lab itself, they showcased what makes the so-called multirobot cell.

“Several robots work in sync on a complex task, not one single robot at a time but three at a time, each one passing information to the other. For example, in the process of receiving and packing a product, a robotic arm turns its head and sends info to the next one in the line who picks up the product, puts it in a box and then ships it,'' Hodak explained.

"We're also counting on expanding our client base, we've already developed some projects that are awaiting technological approval. We've also done two pilot projects in the United Kingdom for e-commerce,'' Hodak revealed. It is imperative for the Zagreb company Codel, which is why they were at the big Gitex fair in Dubai as one of the only two Croatian companies, to automate logistics and warehousing processes, based on solutions that connect business systems with machines.

“Our goal is to increase efficiency and economy in warehousing processes with our own tech solutions. Only 5 percent of all warehouses in the world are automated to a certain level, and we've established that more than 65 percent of the costs of each warehouse fall on the people themselves. Therefore, any automation significantly reduces costs and errors and increases overall efficiency. However, our system doesn't eliminate jobs, but moves people into more productive jobs, where there can be no robot to do the work,'' pointed out Tihomir Hodak, who will say that his boss, owner and CEO Marijan Sever, is a huge technology enthusiast.

"The company's revenues are at the level of almost 9 million kuna, and that's without robotic projects, next year will those numbers will be significantly higher,'' concluded Tihomir Hodak, praising the work of the Zagreb company Codel's employees, all of whom are very highly qualified engineers.

For more, check out Made in Croatia.

April the 25th, 2022 - The Medjimurje company Sobocan has invested a massive 4.5 million kuna into its very own solar energy power plant as more and more companies begin turning towards greener paths for their energy sources.

As Poslovni Dnevnik/Ana Blaskovic writes, the very well known Medjimurje company Sobocan, a manufacturer of furniture and equipment from Mursko Sredisce, officially launched its very own solar power plant on Friday night. The investment in the plant stands at a huge 4.5 million kuna, of which 2.2 million kuna was co-financed with European Union (EU) money, and the rest financed with the company's own capital.

As many as 2,400 photovoltaic panels have been installed on the roof of their production hall, which will produce 900 kilowatt hours of power, thanks to which the Medjimurje company Sobocan will be able to cover almost 70 percent of its electricity needs from its own production in the future. Sobocan will save at least 1.5 million kuna a year on electricity bills (if we're measuring them at the current electricity prices).

"By putting the solar power plant into operation, we're completing the cycle of green transition of our business, which we started back in 2016 with the construction of a wood waste incineration plant. I can proudly say that the Medjimurje company Sobocan is one of the leaders and best examples in the implementation of solutions based on renewable energy sources,'' said the owner and founder of the company, Franjo Sobocan.

Minister of Economy and Sustainable Development Tomislav Coric said that the Medjimurje company Sobocan clearly recognised the direction in which it should develop its business in accordance with the green transition.

"Sobocan, as a competitive company that exports almost 70 percent of its production and provides its employees with above-average Croatian industry income, can be an example to the entire industrial complex across the rest of Croatia," said the minister of this praiseworthy and environmentally friendly investment.

For more, make sure to check out our dedicated business section.

April the 24th, 2022 - The Croatian company Span appears to be spreading its wings even further following its previously announced takeover of the Ekobit software company a few weeks ago. This time, its eyes are on fintech.

As Poslovni Dnevnik/Jadranka Dozan writes, one of the leading IT companies in the whole of the Republic of Croatia, which was listed on the Zagreb Stock Exchange seven months ago after an IPO, recently informed the investment community about the establishment of Fintech Digital Services.

According to a stock exchange announcement, the Commercial Court in Zagreb issued a decision last week on the registration of the establishment of that company.

It is a joint project that the Croatian company Span entered into with two other co-founding partners. These are two companies from Varazdin - the technology startup Identity Consortium which was launched in 2018, and the company Karfijam.

Along with Span and Identity Consortium, which hold 35 percent of the share capital each, Karfijam has the remaining 30 percent of the business share. According to the data from the Court Register, the founder of the Identity Consortium, Robert Ilijas, is also the director of this brand new company.

As a global IT group, the Croatian company Span currently provides a wide range of cloud services to its clients, as well as cyber security and support services, and more details on the profile of the newly formed fintech company and the digital transformation niches it plans to position are announced for early May.

Until more information comes out early next month, it remains to be noted that the Varazdin-based Identity Consortium boasted that it had launched the Identyum NOW web portal. Further development plans, they say, include FinCheck for electronic and automated verification of the other party's financial parameters and even the development of a mobile application (app).

For more, make sure to check out our dedicated business section.

April the 23rd, 2022 - The Zagreb company Holosys has got an owner from the powerful Egyptian Elsewedy group, which has been the owner of the Slovenian Iskraemeco group since back in 2007.

As Poslovni Dnevnik/Marija Brnic writes, the Zagreb company Holosys, a tech group which deals with the production of measuring instruments, has now got a new majority owner, the Slovenian Iskraemeco, seeing it become part of the Egyptian group Elsewedy.

With the announcement of the conclusion of the contract by which this Slovenian company will take over the Zagreb company Holosys, both companies expressed their joint expectations that together they will be able to offer more comprehensive smart solutions for electricity, water and gas, and further expansion in the global market.

Holosys founders Tomislav Lekic, Zoran Zoricic and Ivan Lukacevic have been developing a system for the production of advanced electrical devices based on NB-IoT for remote reading of energy consumption since way back in 2004, which they've since placed on more than 50 markets.

Late last year, Russia was included in the list of export markets, where an important step forward was expected, and for a small company that developed with its own solutions, one of the main references is that more than half a million such measuring instruments worldwide are connected through some of their systems.

Thir range includes power supply modules, data acquisition hubs, antenna systems and data processing software.

The Zagreb company Holosys has about 20 employees and like many other companies during pandemic-dominated 2020, their continuous growth of revenues halted. Data for last year hasn't yet been published yet. They say from Holosys that the movement of income in the period marked by the coronavirus pandemic was certainly marked by global and local trends, with a pronounced disruption of supply chains, which inevitably left an impact on their business.

“The decision to make the Zagreb company Holosys part of the Iskraemeco Group was motivated by strategic development reasons. First of all, through Iskraemeco, Holosys is gaining a strong and experienced partner on the global market, which will increase our market reach. We expect the synergistic effect of complementary technologies and products, and we'll be able to provide additional quality by expanding the portfolio of our services and raise the user experience to a higher level. This is certainly a great opportunity for the growth of our team and an additional step forward on the international market,'' said Tomislav Lekic, the director of Holosys.

For more, make sure to check out our business section.