Wednesday, 15 January 2020 16:21

Croatia: EUR 30 million invested in development

EM1 20 News Int CromarisAdris Group, a major player in Croatia with activities in tourism, insurance, real estate, and healthy food services is behind Croatia’s largest producer of farmed fish, Cromaris. The positive development the group has shown over the last years mean that additional investments will be made into the sector.  In the next three-year period, Adris Group plans to invest more than EUR30 million in the food sector through its ownership of Cromaris. Cromaris had a strong 2019 showing an 8% increase in sales for the first nine months of 2019 reaching a net profit of HRK13.2 million (EUR1.8 million), 80% of which is generated on foreign markets. In 2019, Cromaris will reach sales levels of nearly 10,000 tonnes of fresh fish. With the added investment Adris wants to transform Cromaris into a leader in the Mediterranean fish business.