Slovenian brands

From Gorenje and Elan to Akrapovič and Dončić, Slovenian brands have long had a strong reputation. Many beloved old brands have fallen into oblivion due to market changes, but new ones are created all the time - and their importance extends beyond business.

Radenci, a border town in the north-east known for its mineral water and spas, will host the 41st iteration of the Three Hearts Marathon on 20 May. Kenyan runners have been invited to set the pace.

The marathon, named after the three hearts logo of the Radenska water brand, will feature runs of 42, 21, ten and five kilometres plus a 10-kilometre Nordic walking course and more.

Ivo Boscarol, the Ajdovščina-based entrepreneur who sold his successful ultra-light aircraft maker last year, has been honoured by the Manager Association for his lifetime achievement in management.

Slovenia's largest brewer Pivovarna Laško Union has sold its soft drink brands Sola and Zala to Nika Bev, a Croatian-owned company, to focus on its core business. The value of the deal has not been disclosed.

Under the contract, Nika Bev, a Slovenian company that is owned by Stanić Beverages from Croatia, will continue to distribute the two brands on the Slovenian market.

An association of small shareholders has filed a class action lawsuit against Telekom Slovenije, Slovenia’s leading telecommunications provider, over what it argues are unwarranted unilateral price hikes over the past five years. It is planning similar suits against other providers.

Ljubljana – The Heineken-owned Slovenian brewery Pivovarna Laško Union has reported a 13.7% increase in revenue to EUR 165.6 million for 2021. Net profit rose by 13.8% over 2020 to EUR 18.9 million as beverage sales were up by 15% to a record 2.7 million hectolitres. The country’s biggest beer maker recorded 8.9% growth on the domestic market while growing by 24.1% abroad.

Ljubljana – The supervisory board of Telekom Slovenije has reached agreement with Cvetko Sršen and Barbara Galičič Drakslar to end their terms as chairman and member of the management board, respectively, by the time new board members are appointed or by the end of October at the latest. It also dismissed for cause board member Tomaž Jontes.

Gažić noted that the considerable interest from investors despite worrying trends on the capital markets made the event satisfying.