Croatia

Croatia's Fortenova Hopes Bond Issue Marks Start Of New Era

Croatian food company Fortenova Grupa, formerly known as Agrokor, has issued €1.157 billion in four-year bonds to refinance a loan it took out in 2017...

Proceedings Against Affiliated Companies Of Agrokor Group Terminated, Says Court

The Commercial Court of Zagreb has said that Extraordinary Administration Proceedings against 22 affiliated companies of Agrokor Group, now known as Forten...

Savoury Spreads, Beverages Boost Atlantic Grupa Results

Croatia-based food producer and distributor Atlantic Grupa recorded sales of HRK 2.57 billion (€348.1 million) in the first half of 2019, reporting 3....

Croatia’s Podravka Group Posts Record Results In First Half

Croatian food processing and pharmaceutical group Podravka has reported its highest first-half operating net profit, of HRK 140 million (€18.9 million...

Spar Emerges As Croatia's Fastest-Growing Grocery Retailer In 2018

Spar emerged as the fastest-growing grocery retailer in Croatia in 2018, according to a report published by the Agency for the Protection of Competition (A...

Orbico Acquires Majority Stake In Romania's Interbrands

Croatia-based FMCG distributor and logistics company Orbico Group has acquired a majority stake in Romania's Interbrands Marketing & Distribution....

Lidl, Spar Catching Up On Konzum In Croatia

Local supermarket chain Konzum continues to dominate the Croatian food retail market, but foreign rivals Lidl and Spar are rapidly catching up, according t...

Agrokor Impacted By Retail Competition, Commodity Price Declines In 2018

Croatia’s Agrokor Group, which recently emerged from extraordinary administration, has said that its Retail and Wholesale segment posted a 3.9% decli...