Croatian Company AKD Provides Solution to Slovenian Finance Ministry

May the 12th, 2022 - The very successful Croatian company AKD is succeeding more internationally, having offered its solution to the neighbouring Slovenian Finance Ministry and been readily accepted for the job.

As Poslovni Dnevnik writes, for five years now, the Public Payments Administration of the Ministry of Finance has selected the Croatian company AKD and ED Solutions as the issuer of unique identification marks for unit and aggregate packaging of tobacco products as an integral part of the European Union's overall traceability system.

This is a continuation of successful cooperation because the system was first established back in May 2019, and neighbouring Slovenia then implemented the appropriate regulation (EU) 2018/574 on technical standards for the establishment and operation of traceability systems for tobacco products.

The greatest value of this system is in the information it makes available to bodies working to combat the operations of the black market, but the benefits are also reflected in the healthcare system - ensuring the easy verification of product origin, which allows for the swift removal of non-compliant products from the market.

It's worth noting that the Croatian company AKD was a leader in development processes in the European Union as a Croatian issuer, thanks to which the Republic of Croatia was the first member state to publish the official version of the system back in April 2019 and start registering business entities.

In addition, this Croatian company has established a traceability system for customs seals, alcoholic beverages, and will incorporate its knowledge and expertise and positive practices gained through successful projects to establish a traceability system for the production and distribution chain into new services in various sectors.

In the near future, the European Commission envisages the introduction of digital product passports, which will enable product labeling, identification and linking to various sources of information relevant to the circular economy and sustainability. According to CEO Jure Sertic, AKD is ready for new European Commission requirements regarding EU digital product passports which will enable end-users and customers to make better-informed decisions, increase transparency and assist national authorities in quality control and supervision.

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