date:Feb 12, 2014
longed recession, with higher sales abroad, particularly in the former Yugoslavia.
Podravka's sales in 2013 were 3.67 billion kuna ($654.6 million), virtually unchanged from 2012, while its net profit reached 66.6 million kuna against a net loss of 14.1 million kuna a year before.
Croatia, which became an EU member last July, has suffered five recession years in a row, with consumer spending steadily shrinking.
Podravka has food and pharmaceutical arms, while its beverage segment is slated fo