Saturday, 25 May 2019

VIDEO: YouTuber Visits Croatian Entrepreneur Mate Rimac, is Left Astonished

Croatian entrepreneur Mate Rimac, born in Livno, Bosnia and Herzegovina, is without a doubt one of Croatia's most astounding success stories when it comes to conquering the entrepreneurial and business world.

As Goran Jungvirth/Poslovni Dnevnik writes on the 24th of May, 2019, Shmee150 is the personal brand of Britain's Tim Burton, a.k.a. "Shmee", a YouTuber who travels the world seeking out the greatest and most exclusive possible car and car related content.

Croatian entrepreneur Mate Rimac was paid a visit, and the video of that meeting was put on YouTube by Burton on Thursday.

Shmee is known across the ''car spectrum'', from enthusiasts to serial hyper-car buyers, and even by Middle-Eastern sheikhs. He also captures adventures and various car events.

The team shares their personal experiences in the luxury car world through numerous social media networks, especially via a YouTube channel. Using his various experiences, enthusiasm and a very clear way of speaking in his videos, he showcases the world of supercars to his quickly growing audience.

Just twenty hours after the release of the video which features the number one Croatian entrepreneur, Mate Rimac, the video was viewed more than 51,000 times, and continues to be intensively watched by the channel's 1.7 million subscribers, as well as many others who have come to view the video after seeing that the YouTuber had visited Croatia and everyone's favourite Croatian entrepreneur.

In the 51 minute video entitled ''Visiting Rimac'' Burton was personally taken by no less than Mate Rimac himself through the factory, where he and his audience where shown where the legendary C_Two and Concept_One were assembled.

Burton was visibly impressed by what Mate Rimac has managed to create in Croatia, and expressed his gratitude towards the Croatian entrepreneur for his tour of the factory, claiming that it has opened his eyes. Burton also made sure to note how in less than a decatde, Rimac's company has grown to 500 employees and cooperates with prominent manufacturers such as the giants Aston Martin and Porsche.

Burton stated that he couldn't thank Mate Rimac and his team enough for the chance to see where it all happens, adding that he was astonished by Mate Rimac's knowledge of every part of the process that goes into making these incredible cars.

View the video here:

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Click here for the original article by Goran Jungvirth for Poslovni Dnevnik

 

Tuesday, 21 May 2019

Zagreb Software Company Launches Application for Global Hotel Chains

As Lucija Spiljak/Poslovni Dnevnik writes on the 21st of May, 2019, the Zagreb software company Ingemark and the RoomOrders startup, launched by Croats despite having been registered in America, created the first application (app) for ordering food from hotels to hotel rooms and started to conquer the many challenges of the huge global market. They began with the development of this application at the end of 2017, and back then, as a pilot project, they first tested it out at the Hilton Hotel in Boston.

According to them, they will launch RoomOrders at the Hilton Sydney hotel, and then in Belgrade's Hilton in Serbia by the end of the month. The application's software, in which 2 million euro has so far been invested was started by the Zagreb-based company Ingemark, which has been in existence since as far back as 1990, and as of 2006, it has specialised in software development by order.

Funds for the application's development have also been withdrawn from EU funds. In the list of references are big clients such as Agrokor, Adris, HT... One of the most significant cooperations was, as they say, one in the Middle East where clients developed a platform that distributed multimedia content, and soon their latest project, ZorroTines, a regional music platform, will see the light of day right here on the Croatian market. Right now, it seems that this Zagreb company's RoomOrders app is going to go very far indeed.

As Eugene Brčić Jones, the marketing and sales manager at RoomOrders revealed, last week at the International Hotel Technology Forum in Zagreb, the company negotiated with numerous hotel industry leaders about integrating their products.

"We've intrigued the leading world chains and deepened the existing relationships, about which we're certain will bring us to the position of ''disrupter'' of the in-room dining segment within the hotel industry," Brčić Jones said, adding that he believes that in several years, it will be present in a number of world hotels which boast 4 and 5 stars.

"With the help of the RoomOrders application, guests in hotels can order food to their rooms in a few clicks and not in the ''old fashioned'' way. In addition to it having a faster mode, hotels can embark on this project without any large investments," explained Ingemark's director Jurica Mikulić, adding that the application has managed to receive some excellent initial customer reviews and financial results for the hotel. Hilton in Boston has increased its average order value by as much as thirty percent.

''We offer a simple solution that not only increases revenue, but promotes hotels through user-generated content and facilitates analytics. The greatest benefit is that this solution can be implemented without disturbances to the processes involved, and it provides almost instantaneous results,'' Brčić Jones added.

The author of the application, Haris Dizdarević, explained that the creation of RoomOrders was triggered by the current rather obsolete ways of ordering and the obvious need for faster selection and the changing of the menu that guests want in the room.

"We realised we should digitise the offer and thus expand it. The simple idea has become a complex but a successful project," said Dizdarević, explaining that the positive signal was the fact that hotel guests continue to use the application after the first time of using it, and for several days in a row. Although they acknowledge that the Croatian market is not really a priority, they're still negotiating with several Croatian hotels in Dubrovnik and with Maistra, Blue Lagoon (Plava Laguna) and Liburna, and that soon, the application will be launched in Sheraton, part of the huge global Marriott hotel chain.

Otherwise, RoomOrders was introduced DoubleTree by Hilton in Zagreb a few months ago, but then it was a modified version of the app.

"With the new application or system, the guest can, as soon as he is given the room after booking, in advance, even when travelling, immediately choose a range of dishes and orders so that it's ready and waiting in the room upon their arrival. The guest doesn't need to order it from the hotel room, they can do it in advance and choose from a simple and flexible application where all the photos, descriptions and the prices of the food and drinks in the hotel's offer are,'' they explain from hotel Sheraton where this new type of offer and service will be on offer by the end of May, which will, as they say, bring about improvements.

"The application also enables sharing of guest experience on the platform, real-time appraisal of food and services so that the hotel can almost react at the same time to all guests' comments and adapt to the current wishes and preferences of the guest," they added from Sheraton.

"We're sure that at some point there will be some competitors in this segment on the market, but we believe that we're strong and already ahead of them all. We're focusing on the development of this product which we want to make perfect. Along with marketing, the analytic component is the most important, to be more concrete, the analysis of the reactions, comments and the number of orders, so, the entire internal process. We hope to conclude this year with good results and continue to expand successfully,'' Brčić Jones concluded.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

 

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

Wednesday, 1 May 2019

Croatia's ''Include'' Most Successful Campaign on Funderbeam in Just 6 Days

Croatia's ''Include'' continues to go from strength to strength in the face of an unforgiving system and even less forgiving employees of the state bodies, proving that where there is a will, there's a way, even if you happen to be in Croatia.

We often hear all about how Croatian companies are failing due to either the lack of will or, more frequently, the truly insane amount of red tape and obstacles placed before anyone who wants to make something for themselves by the state and an old, outdates and senseless system of bureaucracy. 

As unoiled the cogs continue to turn in the Office(s) of the Uhljeb in state institutions of all kinds up and down the country, the unsackables continue to undermine and chip away at the determination of the doers and would-bes from behind their perspex windows.

Faced with an entire forest's worth of paperwork, more stamps than a border control officer and usually an unacceptably hostile attitude from the state employee (also known as the unsackable) dealing with them, many would-be entrepreneurs give up quickly and head elsewhere in search of their dreams. However, as big as Croatia's problem in this regard really is, not everything is so bleak.

As Poslovni Dnevnik writes on the 1st of May, 2019, just six days after the launch of another Funderbeam SEE group fundraising campaign, Ivan Mrvoš and his highly successful company ''Include'' raised a massive 1.22 million euros in equity, making Include's campaign the largest ever on Funderbeam globally.

The director of Funderbeam SEE, Damir Bićanić, commented that Mrvoš is pushing the records of the platform with Include yet again: "With their first campaign, they collected what was then the largest sum on the Funderbeam platform, and although sum has risen in the meantime, they collected more than any other campaign in just six days on the platform once again, globally.''

After Include's first successful campaign when they collected 465,000 euros on Funderbeam back in 2017, this time their first campaign goal of 1.2 million euros was met in a mere six days, and investors still have the opportunity to meet the target of two million euros.

"We're very pleased that after six days we've reached the minimum planned goal. I think that this, as well as 290 investors from 21 countries, are the indicators that we're doing a really good job. I believe that the amount of investment in the remaining days will grow steadily, although we're already the most successful Croatian crowdinvesting campaign on the platform ever,'' stated Include's founder Ivan Mrvoš.

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Monday, 29 April 2019

Croatian Man Turns Hobby into Business Making Furniture from Pallets

Ever been browsing online mindlessly and come across a YouTube video showing how to create something and thought: Hang on, I could do that? One Croatian man from Kutina did exactly that and has thus decided to turn his hobby into a business, and if he had the time to pay attention solely to that, it would take off even faster than it has done already.

As Novac/Jasmina Trstenjak writes on the 28th of April, 2019, if we open our eyes a little bit, we'll see that there are ideas to start our own business all around us. Some of us stumble upon them, recognise them, and start from the idea itself, and some ideas literally come and find us and prevent us from bypassing them and remaining just as ideas.

Matija Kašner from the continental Croatian town of Kutina, who makes furniture from disposable pallets, says that in the case of his very own creation Sklepaj.me "everything began from itself, and quickly".

When my wife and I moved into this house, we didn't particularly like the furniture in the stores, and as I saw people doing innovative things from palets online, I decided to make a bed out of pallets and then a terrace. So then I decided to put what I'd made on Njuškalo (a Croatian buy and sell website) and try to sell it. One woman called me who wanted to equip her entire apartment house in Crikvenica with tables and chairs, and that was the first big job from which it all began,'' says Kašner.

He remembers thinking how big that job was and wondered whether or not he could manage to do it all in time. But, with the help of friends and even without the right tools - he succeeded. As his first client needed an invoice, he opened an obrt (small company) and officially turned his hobby into a job back at the end of 2013. Then, another project came for an IT company and that was great in the full sense of the word - he equipped the entire building.

The young IT team wanted something different, they ordered armchairs, beds because they had a "chill out" room, and the like. Sklepaj.me quickly started to grow bigger, and its initiator, an economist by profession, said the job would have grown at an even faster pace if he was only doing that.

Namely, Kašner comes from an entrepreneurial family, and given his business versatility, the entrepreneurial genes have obviously been passed down to him and, besides making furniture, he grows raspberries, rents out electric bikes and conducts tourist tours, is engaged in a family business, and addition to that, he's employed in a company in which he's the head of the branch.

''Sklepaj.me is just a hobby that in some way created itself and which I do after work. We don't live on that. We live from our wage,'' Kašner makes sure to confirm.

But, if he was engaged solely in this hobby, could he live from it? The idea with the pallets seems to be a great one. What's the real market potential? Where are the palets obtained? Is it an expensive hobby? How lucrative is it...? There are many questions.

''I'd expand the range and then yes, I then could live from it, but I'd have to exhibit at fairs, I'd have to be present in design spheres, etc. The order, or its quantity, depends on the revenue and sometimes that can be high only even with just one or two orders per year. Averages are difficult to come up with. There are no such rules. If I had to do three big orders per year for around 30,000 kuna, which is one nice cafe or hostel, I'd sign up tomorrow to do only that. That could provide for a decent life,'' Kašner says when discussing his innovative business that brought the strongest revenue in six years last year with only one project, which was his largest ever so far, for Zrće.

He also revealed that he's now negotiating orders that would be almost of the same size as that one. Namely, two shelves of furniture (60 armchairs, 30 tables, 60 bar tables...) were sent to Zrće, a project on which for two or three months, he worked intensively without any contact with the outside world for 10-12 hours per day.

When it comes to a series, everything depends on how many pieces someone orders, and so far he has already worked on tables, armchairs, deck chairs, bar stools and desks and even lamps. One armchair costs between 400 and 600 kuna, depending on whether they want a sponge putting on it or not, tables are about the same price, deck chairs are about 800-900 kuna, and the bar tables are of the same rank as deck chairs.

"I like to make sure the prices are acceptable, so when someone goes to the store and sees a rattan deck chair, he can see that for roughly the same money he can get something unique, and something that not many will have,''

He also mentions the seasonal rhythm of this job because someone who owns a tourist facility orders the furniture in the winter and then winter is spent working for the tourist season in summer. Then comes stagnation in June and July, and in August there are orders to arrange children's rooms, renovations for peoples houses and other similar things.

As Croatia's economic and demographic issues continue, there's a lot to be said for being creative and starting your own business to generate some income, even if it's just extra cash on the side, and this innovative and talented gentlemen from Kutina is the perfect example of exactly that mindset.

Make sure to follow our dedicated Made in Croatia and business pages for much more on Croatian companies, Croatian products and services and Croatian innovation.

 

Click here for the original article by Jasmina Trstenjak for Novac/Jutarnji

Sunday, 28 April 2019

Zagreb Startup's Mundus Project - Australians Want Croatian Product

This Croatian startup from Zagreb is a real mix of classical and virtual mobile games, but also has an educational mission.

As Ivan Tominac/Poslovni Dnevnik writes on the 28th of April, 2019, today, virtual games have replaced classic ones like ''Čovječe ne ljuti se'' (Ludo) or ''Monopoly'', but when classically associated with a digital game, you end up with a smart social game - Mundus.

A passionate love for technology is shared by three students from Zagreb. They all came together two years ago, and their project is Mundus. Social games are undervalued today, these guys agree, and although industry experts might say that their project isn't in demand in this day and age, the fact is that they entered the startup world directly from their school desks and are learning in parallel with the development of the project.

"We had to combine what was unknown knowledge to us back then. But given the fact that we love to learn and to develop technology, it wasn't difficult for us,'' stated of Mundus's members, Filip Hercig, who was the one to kick off the project initially.

The idea for Mundus was quite spontaneous back at the end of 2015 when Hercig, who is now in charge of business development, showcased the very first concept of this clever game during a competition for young technicians and young entrepreneurs. The name changed several times - at the earliest stage it was called ''Zabavan put Hrvatske'' (A fun journey of Croatia) and then ''Svijet na dlanu'' (The world in your palm), before taking on its current name.

"In the summer of 2017, when we came to the CROZ company to develop our ideas, we decided to shorten its name from Svijet na dlanu down to just Svijet, but as it didn't sound good, we decided to translate into Latin, and that's how Mundus began,'' said Filip Hercig.

It seems that Mundus isn't just your regular type of game, and the focus of the project today is on the application of this technology within the scope of formal education. It's actually an educational system, and the game is just one of the solutions the Mundus team is working on. A mobile device acts as a kind of gaming agent, where players choose the theme for the game and launch a quiz, and everything else is played on the game's board, like with classic games before the Internet age.

Things became much more serious for this Croatian startup back in September of last year, when they won the Good Game Liftoff startup competition.

"They chose us as the best startup and besides giving us their trust, they also gave us 100,000 kuna. We can't forget to mention the Good Game Global company that actually organised the competition and raised all the funds for that prize,'' added Hercig.

After winning the Good Game Liftoff, this Croatian startup managed to secure numerous collaborations, is currently working with 48 schools across the Republic of Croatia, and interest in the game has stretched far beyond the borders of the country, and even beyond the borders of the EU and the European continent.

"There's interest on the Australian and New Zealand market, specifically in the education sector. We're currently conducting tests that are a prerequisite for serious moves in these markets,'' said Hercig. Mundus is actually still a non-profit organisation, explained Hercig, and in 2019, it should turn into a real company.

"We're oriented towards cooperating with educational institutions, but of course we're not closing the door to purchase options for private users. We've got potential there tool, and in order to best explore the mass market, we plan to launch a Kickstarter campaign in September 2019,'' concluded Mundus' Filip Hercig.

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Click here for the original article by Ivan Tominac for Poslovni Dnevnik

Saturday, 27 April 2019

Croatian Fruit Arriving in Slovenia and Austria Just 24 Hours After Harvest

The Croatian fruits and vegetables are being sold through the FinotekaDostava.com website, in order to successfully cut out the middleman.

As Miroslav Kuskunovic/Agrobiz/Poslovni Dnevnik writes on the 27th of April, 2019, Croatian fruit and vegetable producers, as well the producers of other Croatian value-added products, have begun to use the benefits of the common EU (single) market and the ability to place and sell products in Austria and Slovenia, for now. On the FinotekaDostava.com website, customers from Croatia, Slovenia and Austria are able to order products from Croatian OPGs from the comfort of their own homes. Once ordered, the produce is freshly and carefully packed and delivered to their addresses directly from Croatia.

"Finoteka's specificity is that we don't store our fruit and vegetables, but we function with the ''from the field to the table within 24 hours'' principle. This literally means that some fruit or vegetables that are growing right now in a garden in Croatia are going to be sent out in package delivered to someone's doorstep in Vienna, Ljubljana or Zagreb the next day,'' said Hrvoje Kolman, the owner of Finoteka Dostava.

Kolman has been placing and selling products from Croatian OPGs since back in 2008 in this manner. However, his website first became the most well known a few years ago when, through his search engine, a huge amount of fruit from the Neretva Valley ended up being sold and sent throughout Croatia when a ban on exports of agricultural products to Russia from the EU was first introduced.

"Our delivery is as good on the islands as it is on the mainland. The quality of the service and the delivery speed is the same regardless of whether you live in the city or in the most remote place. All our fruit and vegetable packages arrive within 24 hours of harvest, whether you're in Croatia, Slovenia, or anywhere in Austria,'' says Kolman. He explained that the Austrian market has been being tested over recent months, while they have been present on the Slovenian market for more than a year now.

"We deliver about 100 packages per month to Slovenia. Asparagus have been doing well these days, and strawberries, cherries and other fruits and vegetables will begin soon,'' says Kolman.

The prices of Croatian quality products are, however, slightly lower than those on sale in Slovenia and Austria, which is why it is expected that such sales from Croatia could become very attractive indeed. Croatian farmers deliver their products to Finoteka, the products are carefully reviewed, and depending on the order, they're packed on that same day and then sent out. Croatian farmers get to cut out the middleman, and consumers don't have the worry of eating food which is of unknown origin, it's also GMO free, it hasn't been stored, and it hasn't been sprayed.

"It's very important for us to know who we're cooperating with. We choose good producers above all, those to whom agriculture isn't just a business but also a pleasure. We choose those whose eyes shine when they talk about their products. Finding and selecting such people is are biggest challenge," says Kolman.

Make sure to follow our dedicated Made in Croatia and business pages for more information on Croatian products, Croatian companies and OPGs, Croatian services and much more.

 

Click here for the original article by Miroslav Kuskunovic/Agrobiz on Poslovni Dnevnik

Saturday, 27 April 2019

Slavonian Store Encourages Purchase of Local Produce and More

This Slavonian store is a unique selling point where the shelves feature a rich assortment of local produce from local Slavonian OPGs, handmade souvenirs, and traditional ethno clothing items.

As Poslovni Dnevnik writes on the 26th of April, 2019, in the first year, sales surpassed expectations, and products from the new Slavonian store's shelves are finding their way around the world, from Uruguay all the way to Australia, Sanja Rapaić writes for Agroklub.

In Nova Gradiška, a town historically referred to as the youngest Croatian town, the totally unique ''Slavonian store'' was created last year. Located in a building with almost fairy-tale interiors dating from the 1920s, this small Slavonian shop boasts a varied and rich offer. The shop is unique, with a special atmosphere that combines the past and Slavonian traditions with contemporary methods of manufacturing for its numerous local producers.

Located close to the premises of the Tourist Board of the city in which it is situated, the Slavonian shop primarily attracts tourists, travellers and numerous Slavonians working abroad and who are coming on holiday to their native Slavonia. Thanks to them, products from local OPGs, cheeses, and cured meat products, as well as honey, fruit spreads and pastes, souvenirs, clothes and items decorated with ethno motifs and even expensive gold jewellery, have already travelled to almost all countries of the world, from Uruguay all the way to the other side of the world, to Australia.

"It all started two years ago, when the city of Nova Gradiška and six surrounding municipalities - Cernik, Rešetari, Staro Petrovo Selo, Nova Kapela, Davor and Okučani - founded the Nova Gradiška area community of producers. That was the basis of everything, with huge support from Nova Gradiška, in March of last year, we realised another idea of ​​a sales point through which all interested manufacturers could place their products.

As soon as we opened the Slavonian store, the shelves of which were immediately filled with products from all four Slavonian counties and from part of Sisak-Moslavina County. We started out with about twenty manufacturers and in just a year, their number doubled and today the Slavonian store has launched a range of products coming from as many as 55 subcontractors, of which about 30 percent are made up of OPGs, and the rest are from obrts (small companies) and from domestic labour,'' said Milan Rosić of the Slavonian store.

He pointed out that the opening of the Slavonian store has unexpectedly triggered another positive chain reaction. Namely, just so that they could put their products on store shelves, many Slavonian locals decided to open up their own OPGs.

"We're especially proud of the fact that many people who have good ideas and good products have been motivated to open OPGs, obrts or engage in home-based work, and make a serious effort towards doing this work. In the first year of operation, the Slavonian store was responsible for the opening of a dozen brand new OPGs, and partly because of this, our offer is richer and more luxurious every month. The sales are going more than well. Our customers are mainly foreign tourists, Brits, Italians, French and Japanese, of which there are, as much as it might seem unrealistic to some, more and more,'' he says.

While foreigners are mostly looking for souvenirs from this area, as well as traditional clothing, ethno-style jewellery creations, our people who work abroad and domestic tourists are primarily buying Slavonian delicacies - cured meats, various cheeses, alcoholic drinks, liqueurs, fruit juices, honey and honey products, and a variety of homemade pastes and homemade cakes which have been made according to old traditional recipes,'' says the shop manager, who is more than pleased with how the Slavonian store's sales are going.

The whole system works very easily, it's enough to contact the producer's community or come directly to the Slavonian store, where you can sign an agreement with the manager and arrange all details regarding the sale of your products.

"We're working on sales commissions, we negotiate quantities, we display products at our store, and at the end of each month we send a detailed sales data report to all of our producers, send them invoices and then make payments to their accounts for all the products we've sold here that month, so far, everything's been working flawlessly and everyone's satisfied, the manufacturers, the buyers, and us,'' stated Milan Rosić.

Make sure to follow our dedicated lifestyle, business and Made in Croatia pages for much more.

Wednesday, 24 April 2019

Croatia's ''Include'' Attracting Investment and Attention

When it comes to results, Croatia's Include published an impressive 115 percent growth in revenue in the first quarter of the year, and an average selling price growth of almost 40 percent.

As Tomislav Pili/Poslovni Dnevnik writes on the 23rd of April, 2019, one of the main stars of the Croatian startup scene, entrepreneur Ivan Mrvoš, is continuing to impress. Just two years after Include's first capitalisation through Funderbeam, recapitalisation is about to happen again, aiming this time at almost ten times the amount. Before today's public announcement of the campaign, Include's main man revealed that his company, which is a top Croatian manufacturer of solar powered benches, is collecting part of the finances through Funderbeam while the other part will be provided by private investors.

"After the successful first round of investment back in 2017, when we raised about 3.5 million kuna with a 30 million kuna valuation, we decided to enter a new round of recapitalisation. We didn't set a fixed amount, but we expect that the investment will be at least 20 million kuna, with the potential to reach approximately 30 million kuna. As for Funderbeam's part of the investment, we're expecting to raise about 10 million kuna through the platform,'' said Include's boss Ivan Mrvoš. At the moment, he has secured about 10 million kuna from the Funderbeam platform and is actively discussing the additional funds with several potential investors, including private individuals and venture capital funds.

"Right now, I can't say which investors are involved, but they're people who have led or are currently leading various Croatian industries, which we consider to be a significant indicator," he pointed out. When asked how much shares in Include now sell for and how much the company is valued at, Include's founder explained that things are a bit different now than they were back in 2017.

"The company has four years of business behind it and some remarkable results have come to fruition, so we decided to hire one of the companies from ''The Big Four'' to do a valuation. What I can say is that it was a very intensive process that lasted for several months, and the company was estimated at 110 million kuna last week,'' says Mrvoš.

"The company ended last year with a positive result, and we also continued things successfully during the first quarter of this year, with 60,000 kuna of net profit," Mrvoš revealed.

The collected money will certainly go into the development of existing markets, but also to conquering new markets.

"We intend to strengthen our presence on existing markets and continue to build a global distribution network. In addition, we're beginning with the development of new products that will be complementary for the existing markets, and intended for those same markets, and we'll also get some more advanced equipment for our development and production activities,'' explained the talented young entrepreneur.

The trading of Include's tokens at Funderbeam was stopped on April the 1st this year due to campaign preparation, and the latest market price is 3.5 euros. The director of Funderbeam Damir Bićanić explained that the price of the shares will not be one euro as they usually are in Funderbeam's campaigns, but higher, meaning more specifically that they'll reflect the company's new valuation.

The leading investor, as was the case in 2017, will be Ivana Šoljan who says that Include will certainly pass at least one recapitalisation, and "hopefully maybe go to the stock market in the future.''

"Mr Ivan Mrvoš and his whole team have advanced tremendously. Organisationally, they did well, they wrote regular reports to investors, they're not late with deliveries, they plan things smartly - they're ready for a new round,'' concluded Šoljan.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

 

Click here for the original article by Tomislav Pili for Poslovni Dnevnik

Wednesday, 17 April 2019

Croatia's Hangar18 Opens First Store in Dublin, Ireland

As Bernard Ivezic/Poslovni Dnevnik writes on the 16th of April, 2019, in the very first NOA store in Dublin, Ireland, this company from Koprivnica, Croatia, sells mobile phones, televisions and mobile phone accessories all under their own brand.

Croatia's successful Hangar18 company from Koprivnica, which has developed its very own brand of mobile phones, NOA, which has a market share in the domestic field immediately behind giants like Samsung and Apple, has opened its first own NOA store.

The first brand store the company has opened is in the Irish city of Dublin, and this Croatian technology company has stated that it plans a further fifteen such stores in Ireland alone. Additionally, over the next three years, Hangar18 plans to open a total of one hundred of its own NOA stores across Western Europe.

Mario Pintar, Marketing Manager at Hangar18, says this enviably successful Croatian company has changed their approach to developing its sales network. In Eastern markets, with the exception of Croatia, and where they have been operating so far, the company does business via distributors, while in the west, he wants to be in direct contact with the company's customers.

"Customers in Eastern Europe buy mobile phones of up to 150 euros, while in the west, due to the better purchasing power, they're buying more expensive devices, and we see a greater room for growth," explained Pintar. He added that the company's expansion initially started a year ago, and intensive work has been going on on for the past six months.

He didn't want to comment on just how much the company invested, nor did he want offer any comment on much they plan to invest in further expansion. According to data from Business Croatia, Hangar18 saw growth from 242 to 137 million kuna from 2013 to 2017, its exports jumped to an impressive 66.7 million kuna, and its net profit rose from 1.3 to 4.8 million kuna. Mario Pintar says that they already have a warehouse over in Ireland and that they're hiring the first workers for it. He says that on average, the company will require three to four employees per store, and potentially even more for sales and management.

"Our colleague Tihana Magdić has been living in Dublin for a long time, so that's why we started with Ireland. She was promoted to country manager, she's well acquainted with the market, and the shopping centre we first entered was a great partner and it was very easy to arrange everything with them,'' Pintar said.

Pintar explained that in the west, Croatia's Hangar18 will compete in the B category of brands, but as the first choice of those who instead of A brands want the Best Buy mobile.

"What sets us apart is the fact that we give customers the functionality of A brand at a fair price, and then the Noa Premium Care warranty covers the first twelve months for damages such as screen breakages and water damage, and our ''after sales support,'' and we open our authorised NOA service in every country we enter,'' explained Pintar.

He added that after Ireland, Croatia's Hangar18 plans to open stores in other European countries, including the United Kingdom, Germany, France and Spain. However, he noted the fact that they hadn't forgotten about the eastern markets. For example, in Croatia alone, there are fifteen retail outlets where they sell various brands of ICT equipment. "Recently, we've been able to directly export to Russia as a third company from Croatia, which opens opportunities for us in both Azerbaijan and Kazakhstan,'' concluded Hangar18's Pintar.

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Click here for the original article by Bernard Ivezic for Poslovni Dnevnik

Tuesday, 16 April 2019

Croatia's AD Plastik Contracts Job Worth 48.6 Million Euro for EU Market

While bleak and uninspiring stories about the state of the Croatian economy and doing business in Croatia continue to circulate across news and media portals as well as in newspapers, not everything is so bleak, you just need to look a little harder. Croatia's AD Plastik has contracted brand new jobs for the European Union market worth a massive 46.8 million euros.

As SEEbiz writes on the 16th of April, 2019, Croatia's AD Plastik d.d. has contracted the new jobs for the European Union for the PSA and FCA Group.

The job of the production of speaker carriers for the Citroen Picasso and C-Elysee PSA Group cars was contracted, which is worth 1.7 million euros, with the start of production scheduled for 2020 with a projected eight-year duration. With the very same buyer, the production of side panels for the Citroen C3 in the value of an additional three million euros, with the start of production planned in 2020, is also in the works, with a projected duration of four years.

New operations for the production of guardrails/handrails for several PSA Group vehicles (Peugeot 208, Peugeot 2008, Citroen DS3 Crossback and Opel Corsa) have been agreed with a total value of 20 million euros attached to them, with a projected ten-year duration, and the works begining during 2019. The Opel Adam Crossback is yet another vehicle from the aforementioned group, for which the engine manufacturing, costing 1.4 million euros, has been contracted with Croatia's AD Plastik, with the anticipated start of serial production being next year, and the duration of the project standing at seven years.

Croatia's AD Plastik d.d. also arranged and contracted 20.7 million euros' worth of new jobs for the FCA Group for the Jeep Compass and Fiat 500e cars. For the Fiat 500e, interior components and air intakes will be produced at AD Plastik's factories, and the total value of the project is 13.9 million euros. The project duration is projected at eight years and serial production is planned for 2020.

For the Jeep Compass, handgrip production contracted at 6.8 million euros has been agreed and the start of serial production is planned for next year with an estimated four year project duration.

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