Podravka

Gažić noted that the considerable interest from investors despite worrying trends on the capital markets made the event satisfying.

The Croatian government on Wednesday increased its capital in the partly state-owned food company Podravka by 5.6 million euro.

In this way, Podravka will be able to release an additional 141,000 new shares on the market, helping it to raise the capital it needs to complete the full acquisition of the Slovenian food company Zito, after buying 51.5 per cent of its shares in April.

Croatia’s agriculture business expects to suffer some pain as a consequence of the Russian food import ban, which the Kremlin imposed this week in retaliation to EU and US sanctions imposed on Russia in connection to the crisis in Ukraine.

Croatian food exporters faced with Russian "nyet"

ZAGREB -- A decree signed by Russian President Vladimir Putin earlier this week in response to western sanctions has also hit seven Croatian companies.

DUBROVNIK - A total of 21 companies operating in the region, including Naftna industrija Srbije (NIS), MK Group, Nestle, NLB Bank and Agrokor, have signed a cooperation charter in Dubrovnik saying they will employ young people in the next three years.