18:36 / 09.04.2021.

Author: Domagoj Ferenčić

Plenković says Podravka is growing

Plenković delegation with Podravka Board (Photo: Damir Spehar/PIXSELL)

Plenković delegation with Podravka Board (Photo: Damir Spehar/PIXSELL)

Foto: - / Pixsell

Podravka is a Croatian food company based in Koprivnica. Founded in 1934, it has grown into one of the largest food companies in Southeast Europe. Perhaps the company’s best known product internationally, is the food condiment Vegeta.

Prime Minister Andrej Plenković visited Koprivnica on Friday, where he visited the Podravka food goods company, which recently got new management. In early February Plenković’s former Deputy Prime Minister and Finance Minister, Martina Dalić, assumed the reigns at the company, which is currently preparing its new five-year strategic plan to strengthen the company and increase revenues. Currently the company’s annual revenues are in excess of €570 million.

Croatian pension funds and the Republic of Croatia are far and away the company’s biggest shareholders, with pension funds holding a 52.2% stake in the company, while the Republic of Croatia owns a 25.5% share of Podravka.

"What is especially important is that so far in 2021 the stock price has jumped by more than 15 percent, that efforts are underway to rationalize business operations, that workers will on average receive 400 Kuna higher salaries as of April, and that the company is healthy," the prime minister said after his meeting with Podravka’s board.

During his visit to Koprivnica Prime Minister Plenković also met with local political leaders, with whom he discussed ongoing and planned infrastructure projects, such as the construction of a motorway connecting Križevci and Koprivnica and a rail line from Zagreb to the Hungarian border.

Source: HRT

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