Wednesday, 12 December 2018

Economic Boost for Croatia: Country to Gain Huge Tea Factory

As much as people prefer to stick with the depressing stories of there being no jobs, or no workers, or whichever saga fits best with their coffee that morning, there are moves being made in the continental part of the country for the greater good, and one economic boost for Croatia is on its way, in the form of one of the largest tea factories in not only the region, but the whole of Europe.

As Poslovni Dnevnik writes on the 11th of December, 2018, the current plan is to allow for the completely uninterrupted operation of the factory in order to continuously deliver ready-made products to markets that have already been contracted.

In what is certain to be a significant economic boost for Croatia, in the Rakita business zone in Kladare, the Spider Group is building a large, modern tea factory worth 28 million kuna, in which as many as 400 million teabags will be packed annually. In addition, fifty new employees will also be sought and recruited. As mentioned, this factory will be the largest tea factory in the region and among the largest in Europe, according to a report from Glas Slavonije.

The Spider Group specialises in the processing of medicinal and aromatic herbs and the production of teas and preparations based on such herbs. All of the Spider Group companies - Spider Group d.o.o., Biofarma d.o.o., Dolla d.o.o., Jan-spider d.o.o., as well as Herbarium d.o.o., are integral parts of a solid business unit which produces high-quality, finished products on both the domestic and on international markets.

One of the main features of the Spider Group is intense growth and continued investment in technology, as well as infrastructure development, which confirms that previous investments made by the company are being continued forward with more new ones.

Back in 2016, an investment cycle of more than 15,000,000 kuna was completed, which directly strengthened the group's overall competitiveness on the world market. In mid 2018, a new investment was successfully launched, amounting to more than 28,000,000 kuna for the construction and the equipping of factories for the packing of teas in the Rakita business zone in Pitomača, according to Denis Nemčević of the aforementioned group.

Make sure to follow our dedicated business page for more news on the Croatian economy, as well as on doing business in Croatia and the country's overall business and investment climate.

Saturday, 8 December 2018

Virovitica's 'Factory' Ranked Among Top 1,000 B2B Companies in World

Did you know that one Virovitica company is among the four best in Croatia in its sector and the top 500 in the world? 

For years they developed native mobile & web applications for startups and successful companies around the world. More than 80 percent of the products are exported, they are regularly employed, and on the Croatian market, they are known as one of the best. 

They are the winners of Virovitica-Podravina County’s annual award for outstanding results and contributions to the development of entrepreneurship and the IT industry. They are Plava Tvornica (Factory), reports Vecernji List on December 8, 2018. 

Better yet, Clutch has included the Virovitica company among the top 1,000 companies in the world for this sector, after they were already declared among the top four in Croatia. 

“B2B research, ratings, and reviews company Clutch announced the top 1000 B2B companies around the world based on their ability to deliver: number, recency, and quality of client reviews; clients served, work portfolio, and brand reputation and visibility in their target market. This is a new and exclusive honor for B2B services firms in 2018. It recognizes the companies that have gone above and beyond for their clients,” writes Clutch on their website

“ is a system that ranks agencies around the world. The results are determined via questionnaires where customers rate companies based on different criteria. Factory, according to these results, is among the top 500 in the world, and we are in fourth place in Croatia. There are three Zagreb digital agencies in front of us,” said director Ivica Horvat, who, along with Mateja Sudar, are the “Alfa and Omega" of the Virovitca company. Factory, which is headquartered in the Entrepreneurial Incubator of Virovitica-Podravina County, also has a separate facility in Osijek.

Otherwise, at the beginning of the year, Factory received yet another great acknowledgment. Their applications from the National and University Library of Zagreb, the world's leading presentation of an innovative and original project, won 3rd place. Behind them were renowned companies from Canada, Germany, China, and Australia. You can find the work of Factory here

These are great indicators for a company that is only six years old and started out from the confines of a small Croatian apartment. 

To read more about Croatia's business success, follow TCN's dedicated page here