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ZAGREB (Croatia), September 8 (SeeNews) – Croatian blue-chip food, beverages and drugs producer Podravka aims to cut costs and raise efficiency so as to boost profitability this year and in the longer term, newly-appointed CEO Zdravko Sestak said on Monday. "Of course, I cannot give projections but I’m sure that operating results this year will be much better than last year," Sestak told reporters.

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DatePublishedSep 8, 2008 17:03 CET
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CompaniesPodravka Prehrambena Iindustrija d.d.
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An official UK report showed that the British industry is suffering as 540,000 of the migrants who have come from the EU new member states returned to their countries following the global crisis. How a massive reverse migration will affect the SEE?
Oct 8, 2008
The new labour force will push up the local economies
The gross domestic product will slow its growth due to the lower level of money transfers from abroad
The returning experts will lead to unstable social security system and dissatisfaction of population
The reverse migration will raise the level of business culture to the one in the countries in western Europe
The reverse migration will not provoke major changes
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Bulgaria is one of the biggest producers of rose oil in the world...
Bulgaria is one of the biggest producers of rose oil in the world. The reason hidden in the high qualities of the Bulgarian Kazanluk rose, a special type, which was cultivated in the country after many years of production and development. The Bulgarian roses are inheritors of the so called Damascena rose that was brought in the country ages ago. The rose oil is called "the liquid gold" of Bulgaria and used mainly for the making of perfumes, chocolates, liqueur and jam. The rose oil is three times more expensive than the gold. One kilogram rose oil is extracted from 3,000 kg of roses, which means that for one gramme of rose oil more than 1300 rose blossoms should be used! The Valley of Roses (Kazanlak region) is one of the biggest producers of rose oil in the world. The conditions in Kazanlak proved to be more favourable for the cultivation of the rose than those in its own country of origin - Tunisia.
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