Notification of Received Support

Project name:
 Promotion of new products for target markets

Brief description of the project: On 02.02.2018. the company Olival doo signed with the Ministry of Economy, Entrepreneurship and Crafts and the Croatian Agency for Small Business, Innovation and Investments, the Agreement on the allocation of grants for the purpose of implementing the project entitled "Promotion of new products for target markets", contract reference number KK.03.2. 1.07.0014. The implementation of the project was co-financed from the European Structural and Investment Funds in the financial period 2014-2020.

The implementation of this project will enable the increase of competitiveness, the strengthening of the sales network in the foreign markets of Germany, Austria, Great Britain and Turkey by participating in foreign fairs, the growth of income and the implementation of marketing and administrative activities.

As part of the project, Olival doo will present its products at the Vivaness fair in 2018 and 2019. It is the leading international fair of natural and organic cosmetics held in Nuremberg, where the world's largest producers and distributors of natural cosmetics gather.

Project goals: The general goal of the project is to increase the competitiveness of the company through the strengthening of the sales network on the foreign markets of Germany, Austria, Great Britain and Turkey. Other goals of the project are to increase sales revenue, increase export revenue, conclude new export contracts with international partners through participation in 2 international fairs.

Expected results of the project:

  • growth in sales revenue
  • growth in export income
  • growth of market awareness of the company's products on the markets of Germany, Austria, Great Britain and Turkey
  • the project was carried out in accordance with the given procedures

Total value of the project: 118,758.71 €

EU co-financing of the project: 104,112.49 € 

Project implementation period: September 1, 2017 - September 1, 2019.

Contact person for more information: Mihaela Rojnić, Igor Novak, Emira Jakupović, info(@), 01/3438-273 

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