Page 15 - BNE_magazine_05_2020

bne May 2020
Companies & Markets I 15
Slovenia’s biggest dairy defies pandemic to start ice cream exports to China
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to be exported to the East Asian country in 2020.
The company called the launch of exports to one of the world’s biggest markets a major breakthrough, especially in light of the coronavirus (COVID-19) pandemic.
The shipment, consisting of almost 35,000 one-litre boxes
of Planica tropical and chocolate flavours, was sent to China from Slovenia's Koper port on April 9 and is expected to reach its destination within five weeks, the company said in a press release.
Ljubljanske Mlekarne first entered the Chinese market in 2016, dispatching a shipment of long-life milk. The company is now strengthening its presence on the market, where a large number of milk and dairy products providers from Europe, New Zealand and Australia are already active.
“At a time when the global pandemic of the new coronavirus is crippling the world economy and export uncertainty is very high, we are all the more happy about successful business like this,” said Tomaz Znidaric, director of Ljubljanske Mlekarne.
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lovenia’s largest dairy Ljubljanske Mlekarne (Ljubljana Dairy) has dispatched the first shipment of its Planica
ice cream to China, part of a total of 43 tonnes planned
Slovenia produces 30% more milk than it consumes, and exports the rest, which means the sector is threatened by border closures as countries seek to guard against the spread of coronavirus.
“Recently, there have been numerous initiatives for consumers to reach out to Slovenian products ... Only by working together can we reduce the negative impact of the current situation on the stability of our industry. From this point of view, new opportunities in foreign markets are very valuable,” said Znidaric.
According to Znidaric, Ljubljanske Mlekarne has benefitted from Slovenia’s reputation for eco-friendliness when entering the Chinese market four years ago. “Slovenia’s green environment and the supply chain with milk and dairy products starting on a small Slovenian farm are rightly associated with high quality,” he said. “Therefore, we expect that the addition of the Planica range of ice cream will be positively accepted by consumers.”
Ljubljanske Mlekarne is one of the largest food processing companies in Slovenia. It purchases more than 500,000 litres of milk from local dairy farms every day, which is a third of Slovenian raw milk production.
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Contents
Top stories
Russia’s top retail and tech companies
March 2020
www.intellinews.com
@bneintellinews
join forces to hunt for innovations in rest of the world
Ukraine-born startups raised more than half a billion dollars in 2019 Russian video streaming platforms gain speed
Cloud services take off in Russia SEMrush to SEO success
Leaders
Russia’s internet giant Yandex announces growing and more diversified revenues in 2019 Russian telecom major Rostelecom misses on earnings in 4Q19, cash flow solid
Investment
the
2
4
5 6 8
9
10 12
13
Russia’s top retail and tech companies
join forces to hunt for innovations in
the rest of the world
BAs Russia’s retail and tech sectors consolidate, the leading companies are turned their gaze outwards to hunt for
World Bank approves $35mn project
to modernise Kyrgyz tax administration and statistical system 13 Romanian online home decoration
retailer raises €3.5mn in bonds 14 Russian billionaires Abramovich, Gutseriev, said to invest in Telegram
crypto project TON 14 Russian fund Da Vinci Capital gets
€30mn from Germany’s DEG to invest
in Ukraine, Belarus and Kazakhstan 15
Fintech & E-commerce 16
Russian e-commerce major
Wildberries to add self-employed
vendor products to offering 16 Russian Dixy retailer to launch online sales with Ozon 17 Valuation of Sistema’s e-commerce
asset Ozon boosted to $1.8bn 17
Telecom 19
Makedonski Telekom’s net profit
up 6% y/y in 2019 19 Romanian telco Digi grows by double
digit rates in 2019 19 Russia could postpone 5G rollout
from 2022 to 2024 20
NIBs 21
bne:Tech
new technology and innovation.
See page 2
Ukraine-born startups raised more
than half a billion dollars in 2019
In 2019, the venture capital and private equity funding volume for Ukrainian and Ukrainian-founded tech startups reached $544mn (up from $323mn in 2018 and $265mn in 2017), says AVentures Capital’s latest industry report ”DealBook of Ukraine”,
reports Adrien Henni of Ukraine Digital News.
See page 4