As Lucija Spiljak/Poslovni Dnevnik writes on the 16th of January, 2019, the Republic of Croatia was the third EU member country to ratify the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union in 2017, opening up new opportunities for both Canadian and Croatian entrepreneurs and innovators, as well as promoting and increasing trade and economic development. Owing to that, Croatian exports to Canada doubled in 2018.

In addition to the abolition of customs duties for more than 98 percent of goods, according to data from the Croatian Chamber of Commerce (HGK) and state statistics, in the first nine months of last year, Croatian exports to Canada doubled to almost 80 million dollars.

This encouraging information was stated at Zagreb's Sheraton Hotel when marking the first anniversary of the implementation of the CETA agreement, in which Canada's Geoff Regan participated. The gathering at the Sheraton was organised by the Canadian Embassy and the Canadian-Croatian Business Network (CCBN).

As the President of the Croatian Chamber of Economy Luka Burilović pointed out, tariffs were abolished on some of the most important Croatian exports - food and pharmaceuticals.

"The possibilities are numerous and Croatian companies need to be proactive in taking advantage of all the advantages now offered by the Canadian market," Burilović stated.

The CETA agreement brings some enormous savings to entrepreneurs, and they are estimated at about 600 million euro. In addition to the abolition of tariff items, this agreement is an instrument for growth and a tool to promote European values, thus contributing to the betterment of everyone.

In addition to the Canadians wanting to invest in Croatia, an increase of over 25 percent of visits made by Canadians to the Republic of Croatia was recorded last year.

On the occasion of the gathering and the welcome news about Croatian exports to Canada, Croatian Parliament Speaker Gordan Jandroković also mentioned NATO, whose role was significant in the development of Croatian-Canadian relations because that way, as he stated, Croatia and Canada recognised and respected each other.

"The CETA agreement shows how states can help each other and contribute to their economies," Jandroković pointed out.

Geoff Regan of Canada's House of Representatives, said that Canada wants to increase its trade and investment with EU countries, including Croatia, which, he said, is an important trading and investment partner. He also mentioned that according to unofficial estimates in Canada there are 300,000 people there with Croatian roots, so the Croatian diaspora contributes to the strengthening of economic relations between Canada and Croatia.

"The comprehensive economic and trade agreement between Canada and the European Union is an important tool to help increase trade and investment with EU countries. By ensuring that businesses and people can maximally use the opportunities for increased trade that CETA will help to achieve, Canada and EU countries will establish lasting foundations based on a growing relationship which will contribute to our common progress,'' Regan concluded.

The 27th anniversary of Croatia's international recognition and Croatia's diplomatic recognition from Canada were also marked at the gathering in Zagreb.

Make sure to follow out dedicated business and politics pages for more information on Croatian exports, and much more.

Click here for the original article by Lucija Spiljak for Poslovni Dnevnik

As Marta Duic/Poslovni Dnevnik writes on the 14th of January, 2019, at the end of last year, IMG Zagreb marked thirty years of hard work, this Croatian company is otherwise the only specialised manufacturer and servicer of shut-off armature, and producers of stainless steel products and other materials for the oil, gas, petrochemical, pharmaceutical and food industries in the country.

IMG Zagreb was founded way back in 1988 as a private company specialising in the production and service of pipe fittings, high pressure valves, and various other stainless steel products, as well as other materials for the petrochemical, pharmaceutical and food industries. Initially, they had only two employees, namely Čupić's, father and son, and they had just one machine. Today however, the story is quite different indeed, and their activities are divided into production and service management by the engineering department of this successful Croatian company.

"When we got a second machine, way back in 1992, we also got our first big order from INA for gas pumps and that's what really started the company's rise. Back then, we had three employees and we did our first big job with them, and soon we grew to six and later to nine employees. Thanks to our successful business, we also started doing business with other partners from the oil and petrochemical industries such as Siemens, Plinacro, Underground gas storage (Podzemno skladište plina), Crosco petroleum services, Pliva, Janaf, Petrokemija Kutina...'' stated Joško Čupić, the owner of IMG Zagreb.

By 2010, the number of purchased machines had risen, and the number of employees rose to 28. Today, this Croatian company has 26 machines and employs as many as 42 employees. "Our only true competition are imports, because in Croatia, besides us, there really isn't a single manufacturer of such equipment," noted Čupić. The expertise and the real specialisation of IMG Zagreb is readily recognised by their partners on foreign markets.

IMG Zagreb successfully operates on the markets of the former Yugoslavia, France, Germany, Belarus and over in the USA, where IMG Zagreb has delivered high pressure manometric valves on several occasions, while IMG Zagreb's largest turnover on the foreign market is realised in France.

"In America, we work with Alternate Energy Systems, Inc. for which we've already delivered high pressure manometric valves on several occasions. We have the largest turnover in France owing to our partner Siemens SAS, for which we have delivered goods over the last three years, with a total turnover of 561,000, 00 euro, which averages at around 187,000 euro annually.

''It's a newer fact that because of his business satisfaction with us, that partner recommended us to his partners over in Germany, so we've already received inquiries and are now working on getting work,'' said Čupić, who has the long-term goal of this Croatian company working to strengthen Croatian production in the field of pipe fittings and stainless steel products.

"The improvement of production, production facilities and the recruitment of new employees are all activities that we undertake for the purpose of the final quality and quantity of products, which is aimed at the expansion of the market,'' said Čupić.

Make sure to follow our dedicated business page for more on Croatian companies, products and services, as well as doing business in Croatia and the overall investment and business climate.

Click here for the original article by Marta Duic for Poslovni Dnevnik

As we reported recently, the Inter-American Investment Corporation will offer Croatian companies a chance to operate on the Latin American market.

As Marija Brnic/Poslovni Dnevnik writes on the 14th of January, 2019, about a year ago, the Croatian Government approved the signing of a contract for Croatia's entrance into the Inter-American Investment Corporation (IIC), which Croatia's ambassador to the USA, Pjer Šimunović, signed back in July 2018 over in Washington, and now, through a parliamentary procedure, the law which this contract confirms has been set in stone.

For Croatian entrepreneurs and Croatian companies, this is a significantly important move because it opens up far more new opportunities in the markets of Latin America and the Caribbean. IIC is a multilateral organisation, part of the Inter-American Bank for Development (IID) group, which finances the private sector and financial institutions in the countries of this region, and Croatia's membership was gained on the basis of succession. There are 48 countries in the IID, of which 26 are Latin-American.

In the IID capital of a massive 170 billion dollars, the United States alone has the highest individual share of 30 percent, while Croatia holds 0.05 percent. Loans, guarantees and other forms of financing can only be used by entrepreneurs from the above mentioned 26 countries, but for Croatian companies, the possibility of participation in tenders for the projects financed by the IID remains very much open. From past practice (IID has existed since 1959 and is the oldest regional development bank) the organisation invests around 11 billion dollars annually into its various projects, and the most common sectors to see investment are infrastructural projects, financial markets, as well as energy and water management.

In procurement procedures for corporate-donor companies such as those from Croatia, business opportunities are mostly open to Croatian companies who deal mainly with infrastructure-related businesses, as well as for consultants, and banks from all member states. Along with the Croatian Ministry of Finance, which is charge of communication with IID and IIC, the Croatian Chamber of Commerce (HGK) will obtain an important role, which will, along with HBOR, inform Croatian companies and entrepreneurs about these welcome new possibilities.

From the Croatian Chamber of Commerce, they state that they had organised education for Croatian companies for several years now, the main goal of which was to get better acquainted with this channel for non-traditional Latin American markets, and after the agreement is signed, Croatian companies and entrepreneurs will be more prepared to take advantage of these opportunities as a more active approach to preparations will take place.

Make sure to stay up to date for more on Croatian companies, products and services, doing business in Croatia, and the overall business and investment climate by giving our dedicated business page a follow.

Click here for the original article by Marija Brnic for Poslovni Dnevnik

Christmas might be behind us for another year (well, almost another year), but the heartfelt news of Croatian companies in all fields and sectors having paid out huge bonuses to their employees up and down the country is enough to bring the generous spirit of the season right back again.

As Poslovni Dnevnik writes on the 12th of January, 2019, while they couldn't pay themselves a tax free cash sum, Croatian companies and employers made sure to reward their loyal employees a total of 2.4 billion kuna in Christmas bonuses and similar rewards last month, and a further one billion kuna was paid out for their good work performance results, according to the findings of the Croatian tax administration.

When summed up as a whole, the amount of bonuses and other similar cash sums paid out to hard-working employees by Croatian companies reaches a massive figure of 3.4 billion kuna, as has been reported by Večernji list.

The results show that on average, each employee received about 2,500 kuna in untaxed benefits, but as is usually the case with any other average, this does not show the real state of affairs. The tax administration points out that back in December 2018, bonuses amounting to a massive one billion kuna were paid out by as many as 37 thousand Croatian companies for 422 thousand employees scattered across the country.

Work performance bonuses were paid only by the private sector and not by the public sector. Finance Minister Zdravko Marić freed up the payment of tax on the payment of bonuses of up to 5,000 kuna per employee, a measure which was readily taken advantage of by every fourth active private Croatian company.

Make sure to stay up to date with our dedicated business page for much more information on Croatian companies, products and services, doing business in Croatia, and the overall business and investment climate.

As Josip Bohutinski/VL/Poslovni Dnevnik writes on the 8th of January, 2019, the Croatian Government is set to propose an increase in the amount of PSO contracts Croatia Airlines receives for domestic flights to the European Commission (EC). Croatia's national airline Croatia Airlines (CA) should select a financial advisor to develop a recapitalisation model and find a strategic partner by the end of this month.

The two-time bidding was announced last September, and as has since come to be known, reputable world companies such as Deloitte, AT Kearney, PwC, the Boston Consulting Group and DBV, which are part of a consortium with Croatia's PBZ, have come to be involved.

From Croatia Airlines themselves, they stated that last year, the Croatian Government put the company back on the list of companies of strategic and special interest of the Republic of Croatia, and that in the national reform program, it was stated that the goal in respect to Croatia Airlines is to ensure the further development and strengthening of competitive advantages and positions in the air transport market through quality strategic partnership. That strategic partner, which is obviously yet to be found, should expand Croatia Airlines' transport network and increase market share, as well as successfully recapitalise the air company.

Just how much money is actually needed?

When asked about this, Croatia Airlines responds the bid is still in process and therefore the company isn't in a position to comment on its details at the moment. The selected advisor should assess the amount of money really needed for the recapitalisation of the airline. Croatia Airlines' provisional director, Jasmin Bajić, has already estimated that it stands at about 250 million kuna.

In the past year, the Polish national airline LOT and the 4K German investment fund, which has already taken over Slovenia's Adria Airways, have both been interested in entering Croatia Airlines. As is already known, some Chinese air carriers have recently shown a somewhat general interest, but air carriers outside the European Union can only have up to a 49 percent share in an airline from within the European Union at most. As potential buyers, the Chinese have also mentioned the previous sales attempts by Croatia Airlines, all of which have failed.

Nobody made any serious offers or even showed a great deal of potential interest back in the 2013 recapitalisation bid, although Indonesia's Garuda and China's Hainan Airlines were mentioned as potential buyers. Of course, nothing came of it.

The then government started looking for a strategic partner for Croatia Airlines once again back in 2015, they hired IFC, a World Bank fund that verified the interest of European and world air carriers for the Croatian national airline. At that time, Korean Air and Taiwanese Eva Air were mentioned as the most prominent companies. IFC was supposed to propose a proper privatisation model for Croatia Airlines, after which a public tender was to be launched. But yet again, nothing came of it, because parliamentary elections were held at the end of the year, and the powers that be were subsequently changed.

While the new advisor elaborates the model of privatisation of Croatia Airlines again, the government will, along with the European Commission, try to find a way and hopefully agree on how the state could further assist the still struggling Croatia Airlines.

The Croatian proposal will be to increase the amount of public service obligation (PSO) contracts that Croatia Airlines gets for domestic flights, currently amounting to 75 million kuna. In addition, this year the Croatian National Tourist Board will receive 7.5 million kuna for joint advertising.

Make sure to stay up to date with the Croatia Airlines saga and much more by following our dedicated business, politics and lifestyle pages.

Click here for the original article by Josip Bohutinski/VL on Poslovni Dnevnik

Could a brand new Croatian flight company be on the horizon? According to Nino Borić, who has been working in international aviation for thirty years, yes it could.

As Sasa Paparella/Poslovni Dnevnik writes on the 6th of January, 2019, there could soon be a new Croatian flight company named Smile Air. Although the airline company's name was registered in Zagreb during the summer of 2017, its director and co-owner, Nino Borić, who has been working for over thirty years in the field of aviation, is in no particular hurry to set up the project, and is proceeding cautiously.

"We'd like go start work at the end of this year, but it's difficult to succeed in such a move because we need to find the right aircraft on the market and their prices are high at the moment. We're not under any real pressure for the project to be completed either this year or next year, but this does need to sustainable, longterm story in which there must be no mistakes. In addition to that, flight permits take some time, so we'd be happy with [beginning work at] the beginning of 2020. People are coming to us themselves and we've gathered together a good team,'' Borić told Poslovni Dnevnik.

He added that he follows the philosophy of Virgin's Richard Branson, who, as he says, knows that a good attitude towards employees also results in satisfied passengers. Borić is the owner of Avio Nova, headquartered in Florida, and for years he has been employed in high positions in the operations of various airlines. The other co-owner of Smile Air is Bernard Lukač, a 30-year-old pilot and former instructor in Croatia Airlines, who, for the last eight years, has worked as an inspector at the Croatian Civil Aviation Agency (CCAA).

The third member of the team is Krunoslav Dumlija, a pilot with fifteen years of valuable experience, who is also a former CCAA inspector. When asked about the amount of capital needed to start the business side of this entirely new Croatian flight company, Borić said he would start with two aircraft on operational leases, and for that between 3-5 million dollars would be required. The plan is to start with the Embraer E-190 Brazilian aircraft, with a capacity of 100 passengers, which is ideal for all-year operation. Later on, they would obtain the Airbus A321, which they would use for seasonal flights.

In the long run, the plan for this Croatian flight company focuses on getting an Airbus A330, and the aim is to have a fleet of five aircraft in the first three years. As quoted on the company website, Smile Air will deal with ACMI and wet lease business, regular charter and leisure lines, and ad hoc charters. They will have flights to Europe, the Middle East, Africa, and even to Iceland. They will also rent their crew to other companies, and combinations are also possible with such a scenario.

The idea has already had some initial support from the Croatian National Tourist Board (HTZ).

Make sure to stay up to date with our dedicated business  and news pages for much more.

Click here for the original article by Sasa Paparella for Poslovni Dnevnik

Croatia's Master Yachting is one of the country's frontrunners when it comes to Croatian nautical tourism, and recent investments, their last one having been in the Lagoon 620 luxury catamaran, have seen their revenue increase.

As Marta Duic/Poslovni Dnevnik writes on the 3rd of January, 2019, Croatia's Master Yachting from Sukošan celebrated twenty years of existence last year, and as its director Darko Obradović says, they are one of the first companies in the nautical tourism sector in Croatia and their biggest advantage is that they're near the two national parks and their bases are close to Zadar.

Today, they have 25 full-time employees, and up to 40 during the tourist season. The company has a fleet of 80 vessels, most of which are the catamarans of the Lagoon brand, as well as a large range of sailboats of at least 35 feet in length, to the latest Oceanis 51.1, and motor boats of various different sizes.

As Croatia's Master Yachting claims, their clients and associates are mostly from European Union countries, and the most sought after vessels are typically catamarans. "They're equipped like luxury apartments which sail, and seven days, which is often for which they're rented, it's possible to sail the routes that include visiting the most attractive places and bays along the Adriatic," says Obradović. The summer season is of course the most popular, and lovers of sailing also appear to enjoy taking to vessels owned by Croatia's Master Yachting in April, May, and in October.

"We're adapting to the market and the demand. Today, when everything is available online, it can be difficult to meet all customer requirements, and owing to that, our concentration is on quality and comfort. The company also operates in the YachtInvest segment, which enables it to buy boats through its own channels, and thus provides the ability to place your vessels under your own "charter managemnet". That means that a start-up investment is justified because the vessel makes a profit during the leasing period, which largely covers all the relevant expenses. In the end, the investor chooses how much he will use for himself and how much will be for commercial lease," explains Obradović.

He also praised the fact that Croatia's Master Yachting is growing in terms of the sale of vessels. Their operating income amounted to almost 23 million kuna in 2017, and according to Obradović's estimates, 2018's results will see revenues of about 50 million kuna.

"We're constantly investing in employee training and process optimisation, while investing heavily in the fleet. The last investment was purchasing a luxury Lagoon 620 catamaran which marked our entrance into the luxury charter, which is the future of nautical tourism because more and more customers require ''all inclusive'' packages.

We believe in our own knowledge of the matter, given our long experience, the number of customers returning to us from year to year, and the in importance of the number and quality of our boats. In the YachtCharter sector, the company has been recognised as the leader in the region," added Obradović.

Croatia's Master Yachting arrived to such a status, as they say, owing to a personalised approach to their clients and "tailor-made" offers, which was made possible thanks to their wide range of vessels.

"The plan is the expansion of our base, ie, the opening of new ones in other regions, and the continuation of investment in new products, namely new vessels, where the niche is the luxury charter," Darko Obradović of Croatia's Master Yachting.

Make sure to stay up to date with our dedicated lifestyle and business pages for more. If you're interested solely in sailing in Croatia, give Total Croatia Sailing a follow.

Click here for the original article by Marta Duic for Poslovni Dnevnik

With the implementation at the Commercial Court in Zagreb, the information that all of Agrokor's future mirror companies, which have thus far been registered as companies under generic names, will officially get new names.

As Poslovni Dnevnik writes on the 21st of December, 2018, the new names of companies that will start operating with the completion of Agrokor's creditor settlement are made up of their old names plus an add-on.

For example, Konzum will become Konzum plus following the implementation, Jamnica will become Jamnica plus, Zvijezda will operate as Zvijezda plus, Ledo will be Ledo plus, and so forth. At the transition stage, the headquarters of all of these new companies will be in Zagreb, and upon the completion of the settlement, they will be returned back to the various cities across Croatia in which they currently operate.

Unlike mirror companies, the Agrokor d.d. umbrella company will get a totally new brand name by the end of January and will no longer use the name "Agrokor" at all.

All of these changes are part of the process of implementing Agrokor's creditor settlement, which should be completed by the end of the first quarter of 2019. Meanwhile, Agrokor's extraordinary administration under the leadership of Fabris Peruško and Irene Weber is successfully completing the financial implementation and business restructuring of the company, the results of which are good business results and reports from all major operating companies.

In ten months in 2018, Agrokor's companies had a total revenue of about 20 billion kuna, while operating profit amounted to 1.7 billion kuna. The largest contribution to these positive operating results was given by companies in the food segment, whose operating profit was nearly 70 million kuna higher than the plan, while retail and wholesale companies realised 28.7 million kuna higher operating profit than planned. In the first ten months of this year, Konzum exceeded its projections by as much as 50 percent and realised nearly 430 million kuna in operating profit alone.

On this occasion, Agrokor's extraordinary commissioner Fabris Peruško said, "While 2017 was a year of the painstaking rescue of the collapsed system, 2018 was a positive breakthrough in all respects, from negotiations, the settlement, and validation through international recognition of the [Agrokor's] extraordinary management from the United States and Switzerland, to the excellent performance of the system. 2019 will be a year of even better prospects for all of our companies, employees, and [Agrokor's] new owners.''

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Many places in Croatia have been making good use of EU funds, but others need time to catch up. The opportunities provided by accessing the funding has been showcased in one excellent Croatian example, Zaprešić.

As Poslovni Dnevnik writes on the 27th of December, 2018, last Friday, Zaprešić was the final host of the Regional EU Funds seminar for this year. The seminars aim to inform the public about the funding opportunities provided by EU funds by the Ministry of Regional Development and EU funds.

Zaprešić is just one example of good EU funds practice, and this is also backed up somewhat symbolically by the fact that the education seminar about the use of EU funds was held in the Vršilnica building, which was rebuilt with the very welcome help of 4,855,637.50 euro, co-financed by European structural and investment funds.

EU funds are one of the key sources of funding for urban investments and large capital projects across the Republic of Croatia, without which the City of Zaprešić simply could not have realised many projects. As explained by Mayor Zeljko Turk, in the period from 2017 until now, nearly 33 million kuna of contracted funds outside of the city budget have been spent, which have helped to deal with large capital projects, raise the overall quality of life, and accelerate the development cycle of Zaprešić in general. The fact that EU funds are a huge part of Croatia's present and future, was emphasised by the state secretary at the Ministry of Regional Development and EU funds, Velimir Žunac.

"We're the youngest member of the European Union, so we're learning, growing and maturing at the same time, and this government has made significant gains. Back in January 2017 we contracted a mere 9 percent of EU funds, and this year, we'll be at 60 percent, that speak volumes about how successful we are,'' stated Žunac.

The 2017 economy analysis shows that the most prominent economic branches in Zaprešić are trade (23 percent), followed by service activities (16 percent) and professional scientific and technical, construction and manufacturing industries, holding a total of 33 percent.

"The city is doing a lot to improve the infrastructure and conditions for its entrepreneurs, and for this purpose, funds amounting to 6 million kuna have been secured, and this is 100 percent co-financed with European Union money in the entrepreneurial zone in Pojatno, where a completely new road will be built which will attract new businesses and create new jobs,'' said the head of the Zaprešić finance and economic development department, Miljenko Šoštarić.

Satisfied entrepreneurs are the souls of the city, and just how it is to actually be an entrepreneur in Zaprešić, with his own experience of using the EU contribution, is the owner of the Mihaliček company, which employs 50 people with a turnover growth of 10 to 15 percent per year.

"We applied for the tender because the appetities within our company grew, we developed new jobs and got more people. We applied for a crane and a laser machine for installing and processing concrete, and we received 300,000 kuna in non-refundable funds, which was 55 percent of our investment,'' said Stjepan Mihaliček, stating that such a form of contribution to them was relevant because renting or buying used machinery could be at the expense of safety in the workplace. 

''In order to encourage as many entrepreneurs as possible to use EU funds, entrepreneurs may submit their email addresses to receive a newsletter containing all the available information on various financing options, including funding opportunities from EU funds with the aim of developing new business ideas and boosting competitiveness on both domestic and foreign markets,'' explained Šoštarić.

Make sure to stay up to date with our business and politics pages for more information on EU funds, how Croatian companies can make use of them, and for everything going on in the political and business world in Croatia.

Click here for the original article by PD i VL native tim

Thanks to new product lines supported by European Union funds, the Zagreb company Green and More managed to successfully expand its exports and achieve an impressive 40 percent growth this year.

As Lucija Spiljak/Poslovni Dnevnik writes on the 22nd of December, 2018, Green and More, a Zagreb company which specialises in food and nutritional supplements, has introduced its brand new and expanded product line, backed by prestigious international certifications. They celebrated ten years of their eco work on the Croatian market, and they have been defined as the eco producer which is striving to reach the highest standards, according to Ivana Stavljenić, the Zagreb company's director and co-founder.

The Zagreb company is the producer of the well-known Liquid Sun ecological product, a nutrition supplement made from young green wheat, and their new line of products delivers Green and More RAW cookies, which are also prestigious certificate holders which act as additional value and high-quality tags.

"The cookies are processed by the method of processing raw food at a temperature of up to 40 degrees celsius in order to preserve the nutritive value of its raw material, the closest to what it would be in its natural state, rich in protein and enzymes, minerals and vitamins," Stavljenić explained. The new line of products is available in three flavours of balanced blends of organic fruit, nuts and spices, without sugar, gluten, additives or potentially hamrful pesticides, and they are purely organic.

These products are pistachio/lemon biscuits with refreshing citrus aromas which provide for a special gastro experience, then cookies with the taste of true blueberries and cocoa, and orange cakes as the new dimension of the Zagreb company's chocolate gastro experience. In addition to these new products, the company can boast of new exports, relocating to a new production facility, as well as making use of incentives derived from EU funds.

"When we compare this year with last year, the company has been successful, marking its tenth anniversary on the Croatian market, presenting a new line of products that are carriers of international quality certifications, EU incentives and new exports. When it comes to revenue and sales, we're satisfied with our growth of about 40 percent,'' Stavljenić noted, adding that the Zagreb company's growth is a consequence of expanding the product line, and some recently contracted exports to the German market.

The ability to wthdraw funds from EU funds is of great importance to this Zagreb company. All the money they have withdrawn has not been used for machines and the like, but for the continual improvment of product quality.

"We've got money for new production process certification and for the website, which is important to us because it has a web shop built in. In addition, we've signed up for a bid for internationalisation, which means presentations at foreign fairs in Sweden and in England. I believe that we'll get the chance because we've passed the first phase. So far, we've withdrawn 470,000 kuna from EU funds, and if our bid for internationalisation goes through, that would make it an additional 200,000 kuna because in this project, we put four fairs in the two countries,'' added Stavljenić, stressing that consumers have to be offered more than just the same old story on both Croatian and foreign markets.

"We have been certified for at least the first year, with 85 percent of the grant, which is significant. We hope that with commercialisation and a higher export frequency, which is the intention, that it will be able to continue funding itself," said the director. There are currently six people employed in the company, and due to increased needs, which are mostly seasonal, they hire more part-time workers.

"In line with the expansion of the production program in Croatia and the opening of new export markets, we will increase this figure to match an adequate workload increase," added Stavljenić.

As stated by Stavljenić during the first quarter of 2019, the Zagreb company plans to introduce a line of yet more new products, and their products are expected to emerge on yet more new export markets. In addition to the shelves across the Republic of Croatia and other specialised stores which sell healthy and homemade food, Green and More's products are available through webshops and can be purchased in Germany, Bulgaria, Macedonia, and soon in the United Kingdom and Qatar.

Make sure to follow our dedicated business and Made in Croatia pages for much more on Croatian companies, products and services, as well as doing business in Croatia, and the business and investment climate.

Click here for the original article by Lucija Spiljak for Poslovni Dnevnik