32 minute read
BUSINESS DIALOGUE
Leaders’
MEETING POINT
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MIRJANA LUČIĆ AND VLADAN ILIĆ,
General Managers at Saint-Gobain
Anniversary Year
PAGE /28 UniCredit Bank
NEMANJA BUĆINAC,
Retail Leasing Director, MPC Properties
STYLIANOS TSOKTOURIDIS,
Director, Alumil YU INDUSTRY a.d.
Changing With The Times Superior Customised Solutions
SANJA STANIMIROVIĆ,
CEO, Testeral
Demanding Markets Develop Quality
IOANNA REGEN
It’s Time For ReFresh And ReShape
PAGE /29 PAGE /32 PAGE /33 PAGE /36 PAGE /37
Anniversary Year
Saint-Gobain is a world leader in modern and sustainable construction that designs, produces and distributes materials and services for the construction sector and industrial markets, with a specific focus on innovation
The company’s strategy is to continue its strong growth in this region, as confirmed by announcements that the period ahead will see even greater investments in production capacities, automating production lines and expanding the product range.
Saint-Gobain is a company that’s a world leader in the production of construction materials and that has a tradition dating back more than three and a half centuries. What marked this period the most significantly? (for Mirjana Lučić)
ML: The Saint-Gobain company was founded in France as far back as 1665, with the founding of the Royal Glassworks by Louis XIV. A mirror factory was opened in the small town of Saint Gobain, after which the group was named. Our company is today known worldwide and has operations in 76 countries, with an annual turnover exceeding 40 billion euros and 166,000 employees. Innovation is a very important element of the strategy, and our Group invests continuously in research and development.
Over the course of two and a half decades, which is how long you’ve been operating on the Serbian market, you’ve made two acquisitions that are this year celebrating anniversaries of their successful work and two jubilees of operations on the Serbian market. Which factories are we talking about? (for Mirjana Lučić)
ML: The Weber company was founded in France in 1902 and became part of the Group in 1996. Weber operates in 60 countries around the world. The factory in Topola this year celebrates the 10th anniversary of the acquisition of the former ‘Karbon’ factory, while the factory in Apatin celebrates 15 years since the acquisition of the former ‘Elba’ factory. We are currently the only company operating in this sector, and in this area, that has two production plants. Our commercial branches, through the activities of Rigips and Isover, launched operations on the local market in 1996 and 2002 respectively.
Isover, Rigips and Weber all belong to the Saint-Gobain Group and operate around the entire world. How much has the brand awareness contributed to product sales on the market? (for Vladan Ilić)
VI: We have strongly developed brands, which we are very proud of, and we rely on this advantage. Local engineers, construction companies and architects have always followed trends. As science and technology advance, so construction materials and the construction system itself advance. Materials play a significant role, particularly in the segments of construction finishing works, which represent the backbone of our work.
Innovative materials and systems form an integral part of the SaintGobain Group’s operations. Which innovations would you single out in particular and why? (for Vladan Ilić)
VI: Our integrated solutions for renovating public and private buildings, lightweight construction and the decarbonisation of construction and industry have been developed through a continuous process of innovation and ensure sustainability and performance. The Group has more than 40 research and development centers around the world. Special attention is paid to this segment in order for us to differentiate ourselves from the competition on the market. The motto of the Group, “Making the world a better home”, clearly illustrates the purpose of our operations. It is for this same reason that we’ve committed ourselves to becoming carbon-neutral at the Group level by 2050.
How much is the trend in dry construction systems being applied? (for Vladan Ilić)
VI: If we’re talking about the construction sector, then the answer is very much. This is a system of construction that improves the protection of the environment, well-being the aesthetic component, energy efficiency, spatial acoustic performance, easier and faster installation, durability, the possibility to work under all weather conditions, significantly simplifying construction, saving on costs and much more. These are certainly the materials of the future!
What are you preparing for the period ahead that is significant to the company? (for Mirjana Lučić)
ML: Almost all of our products are “made in Serbia”, which is why we are working intensively on new acquisitions, both in Serbia and the surrounding countries. The aim is to increase our market share.
There’s no need to talk about the fact that it’s important to find a certain degree of stability and certainty under the current circumstances in which we live. On the other hand, it isn’t overly difficult to achieve something that will provide us with a certain future
Over the previous six months, growing concern among economists and consumers over rising inflation has been more than obvious, but also completely rational, given events currently unfolding around the world, and particularly on European soil. Although individual experts continue to claim that there is no recession, what awaits us in the future is certainly questionable. Nonetheless, regardless of the current macroeconomic picture of our country and the world, being financially prepared is always an extremely wise move. Economic experts worldwide are offering advice on ways that every company, but also every individual, should prepare for the coming recession. Here we highlight some of them.
INCREASING EMERGENCY/ CONTINGENCY FUNDS According to the views of experts, during times of recession it is essential to keep track of your expenditure and to create a special fund to do so. One should then look for possibilities to cut costs, such as unnecessary subscriptions, dining out, entertainment etc. However, it is perhaps more important than actually increasing your savings to invest some of your funds in monetary investments, such as in high-yield savings accounts.
DIVERSIFYING ASSETS Although such advice could perhaps be more greatly applied on markets that are stock market-oriented, it certainly isn’t a bad idea to direct your assets - income and investments - towards different sides and in different areas. If one of the jobs you’re focused on happens to go awry, you will still have certainty elsewhere. Try to take an overview of the situation from various perspectives, and to invest in markets where you haven’t previously been present or in areas that hitherto haven’t attracted your attention, because – as economists note – not all markets will suffer the same impact and face the same consequences. See this as your opportunity.
FIXED TERM BANK DEPOSITS Economic experts are unanimous in their view that depositing money in banks for a fixed term is not only the most secure way to save, but also the most profitable way by far, given the interest provided by this way of saving. You should certainly check out all the possibilities that exist and choose a bank wisely before making such a fixed term deposit. For example, UniCredit Bank Serbia has an excellent offer on fixed term savings this summer, and you can find more information about that on the bank’s website – https://www.unicreditbank.rs/ – or by visiting your nearest branch.
VIGILANCE AND DECISIVENESS Fear and irrational behaviour that you can be prompted to take by the current geopolitical situation and its negative impact on markets can lead to you making the worst possible decisions. Don’t allow the situation to distract and compel you to make career and business mistakes that you can’t fix. Be vigilant in keeping your thoughts as realistic as possible, take an overview of each situation and ensure your own peace of mind.
EXPANDING NETWORKS OF ACQUAINTANCES Regardless of how much it might appear as though you’re communicating with someone purely out of interest, have trust that this is completely legitimate. Experts recommend that you expand your network of contacts during such difficult times as these, because it is clear that just such circumstances lead to a rising sense of community, where the human spirit achieves its full meaning. You never know whose help you may need and find crucial at any given moment.
LOCAL NEWS
“The arrival of large chains on the Serbian retail market has increased demand for labour, and we hope that the further growth of competition will encourage the development of operations and increases in employees’ earnings” ~ TATJANA MATIĆ, SERBIAN MINISTER
OF TRADE, TOURISM AND TELECOMMUNICATIONS
OTP BANKA WINNER OF THE “EMPLOYER PARTNER” CERTIFICATE FOR HR PROCESS EXCELLENCE
OTP banka Srbija is the winner of the “Employer Partner” certificate, the prestigious HR recognition of the consulting company “Selectio”, which from this year, in partnership with the consulting agency “HR Xcel” for the Serbian market, guarantees excellence of HR processes within companies and confirms continuous investment, modernization and improvement of employee experience. A complex and detailed analysis determined that OTP banka stood out the most in the area of involvement and inspiration, transformation and growth as well as HR strategic consulting. These results clearly indicate that the bank has a strategic approach to employees and recognizes their role as crucial in the development of the bank.
FOREIGN INFLOW FROM TOURISM 72.4% HIGHER THAN IN 2019
In the first six months of this year, Serbia had a foreign exchange inflow from tourism of 969 million euros, which is 57.9 per cent more than last year, and 72.4 per cent more than in the first half of 2019, stated the Minister of Tourism Tatjana Matić. She assessed that the latest data on foreign exchange turnover in the tourism sector is an indicator and a sure sign that tourism in Serbia has recovered, according to the announcement. “Furthermore, Serbian tourism is experiencing expansion, breaking records, and I am sure that it will significantly raise the GDP and contribute to the overall economic growth of our country. This success was greatly contributed by the incentive measures and investments of the Ministry of Tourism,” said Minister Matić.
APATIN BREWERY DONATES 20 BREATHALYZERS TO INTERIOR MINISTRY TRAFFIC POLICE DEPARTMENT
Serbian Internal Affairs Minister Aleksandar Vulin attended a celebration marking the 16th anniversary of the launch of the campaign “When I drink, I don’t drive”, which is implemented through cooperation between the Interior Ministry Traffic Police Administration, Apatin Brewery and the Agency for Traffic Safety. On this occasion, Apatin Brewery [Apatinska Pivara] donated 20 state-of-the-art breathalyzers to the Traffic Police Directorate, with Apatin Brewery General Manager Igor Vukašinović stating that one of the goals and tasks of Apatin Brewery is to influence awareness among citizens and consumers about not getting behind the wheel after having consumed alcohol.
DR. HEIMEIER & PARTNER EXECUTIVE SEARCH GMBH OPEN OFFICE FOR JIE IN BELGRADE
Company Dr. Heimeier & Partner Executive Search GmbH, a consulting company with headquarters in Stuttgart, has been in existence since 1989 and today is one of the leading human resources consulting companies in Germany. Through his main activity in executive search, Dr. Heimeier & Partner advises companies of various sizes and industries and provides support in the process of identifying and selecting candidates for management positions. As a partner company in IMD International Search Group, a global executive search group with offices in the largest markets and business centres around the world, Dr. Heimeier supports its multinational clients.
“The Serbian government has made high-technology development and digitalisation a major focus, and it’s clear that those efforts are bearing fruit” ~ CHRISTOPHER R.
HILL, U.S. AMBASSADOR TO SERBIA
postings Placements &
appointments@aim.rs
H. E. MOHAMED ABDULLAHI AHMED, NEW AMBASSADOR OF SOMALIA TO SERBIA
Born 21st September 1987 in the Somalian city of Baidoa, ambassador Mohamed Abdullahi Ahmed earned a bachelor’s degree in business administration from Mogadishu’s Hamar University, before earning a diploma in international relations from Al-Imra University. He initially served as assistant national security advisor to the president (2005-06) and director of logistics at the office of the prime minister (2006-07), before becoming deputy director of the secretariat at the office of the prime minister (2008-09) and assistant to the chief of staff at the office of the prime minister (2009-10). He became director of the secretariat department at the office of the prime minister in 2010, where he remained until becoming acting director of humanitarian aid at the ministry of the interior and national security (2012–13). His 2014 move to the Somalian MFA led to his first foreign posting in 2014, when he was appointed first secretary at the Somali Embassy in Ankara, in charge of consular and cooperation affairs (2014-16). After serving as acting director of state protocol at the MFA (2016-17), he spent four years (2017-21) as personal secretary of the President. He arrived in Belgrade in August 2021, first serving as chargé d’affairs “e.p.” and then, as of June 2022, ambassador. Apart from his native Somali, the ambassador also speaks English and Arabic.
REAL ESTATE MARKET IN SERBIA WORTH TWO BILLION EUROS
Real estate turnover in Serbia this year increased by one per cent compared to 2021, with the total value of transactions in the country reaching two billion euros, said Ivana Štrbac, head of the Department for Real Estate Valuation Management at the Republic Geodetic Institute (RGZ). Speaking in an interview for news agency Tanjug, Štrbac mentioned that the purchase of real estate from loans has decreased, so that 88 per cent of turnover is paid in cash and that buyers are more cautious when taking out housing loans due to rising interest rates. “It is interesting that, compared to last year, there was a slight decrease in the purchase of apartments on credit, because in previous years about 30 per cent were paid for using loans, while this year only 27 per cent of apartments were purchased on credit,” noted Štrbac.
Last year saw 30,000 tons of ice cream, worth 63.5 million euros, exported from Serbia, mostly to countries in the region, according to data from the Serbian Chamber of Commerce-PKS. “We export ice cream to markets in the region, mostly to Bulgaria 7,415 tons and only a little less to Greece – 5,351 tons. The United Kingdom is the third country in which we export the most produced ice cream in terms of volume, 2,352.4 tons, while we export just a little less to Bosnia and Herzegovina, 2,246 tons,” PKS statement said. 2,026 tons of ice cream were exported to Romania, 1,918 tons to Poland, while slightly less was exported to Montenegro, 1,625 tons, as well as to Germany, 1,530.9 tons.
Changing With The Times
UŠĆE Shopping Center has been the market leader for over 13 years. In order to retain this position, UŠĆE is preparing for a major redevelopment. This renovation project will focus primarily on new and innovative formats
Here MPC Properties Retail Leasing Director Nemanja Bućinac reveals the upcoming new look of UŠĆE Shopping Center and announces a new mobile loyalty platform called Tvoj Centar, as well as new contents, offers and amenities. He also adresses the topic of the future of shopping.
Are more customers shopping online today? What is the current ratio of online vs. brick-andmortar sales in Serbia? The market itself has become more challenging, with the online market still in the consolidation phase, while the offline one still holds first place and has great potential to develop further. However, the offline market is also experiencing transformation and is moving towards more content-rich shopping destinations and an improved user experience. The consumer is today at the heart of every business more than ever before. In numbers, around 10 to 15% of all sales are delivered via different e-commerce platforms, while 85 - 90% are in brick-andmortar stores. Shopping is a journey, a unique experience, a combination of interactions that gives you pleasure. You cannot experience that while shopping online, becouse online sales and e-commerce platforms lack strong emotional and social triggers that are integral to any physical shopping experience. You recently announced a major renovation of the UŠĆE Shopping Center. What does that mean for your customers and the market as a whole? We would like to pioneer some of the latest retail trends, refresh our interior design and architecture, further focus on building a stronger community and better connect with the nature surrounding the centre. One part of the centre will provide more open areas overlooking some of Belgrade’s most famous historic sites, as well as its two rivers. The UŠĆE Shopping Center renovation project will focus primarily on new and innovative formats, improvements to our food and beverage offer and amenities, as well as to safety and overall convenience. This is how we intend to create a multi-purpose environment, which represents the future of the retail industry. When it comes to the food and beverage offer at UŠĆE Shopping Center, I can say that a true renaissance is coming. A new generation of food and beverage options will bring us some exciting changes. F&B formats will include a quality offer of both fine dining and fast food, with outdoor seating areas providing memorable cityscape views. By doing this, our intention is to truly entertain our customers and, of course, increase the time they spend with us. Besides the upgraded F&B offer, we will enrich our shopping mall with many more leisure and entertainment concepts, in order to create chillout and relaxation zones for kids, families and businesspeople. The interior of the mall will become far brighter, while the new multipurpose spaces will bring new possibilities for different events and promotions, such as food fairs, concerts, theatres or home décor installations.
What do you do to embrace changing retail trends and consumer behaviour? Both shopping centres and retailers cannot simply rely on traditional sales methods, but rather need to focus on finding innovative ways to engage their customers and find solutions that would be fun and enjoyable. In order for that to happen, we must provide certain benefits to our customers. MPC Properties – as a company that operates not only shopping malls, but also office buildings – has launched its own mobile loyalty platform called Tvoj Centar. We decided to combine our four shopping centres – UŠĆE, Beo, Mercator and Delta City – into one very exciting digital shopping destination.
Superior Customised Solutions
Alumil is one of the largest brands producing windows and doors, with 12 factories across Europe, including one in Serbia. The company continues, year-on-year, to increase its personnel levels and assets, but also its market share
By focusing always on the specifications and requirements of the world’s most advanced markets, Alumil has created a product portfolio that incorporates innovative products and provides the perfect response to the needs of modern construction.
Could we say that opening Alumil’s factory in Serbia almost 20 years ago turned out to be an excellent business move?
Today, at our facilities in Nova Pazova, a fully integrated production, logistics and commercial corporation operates with an annual capacity of 15,000mt of state-of-the-art, precision engineered, surface-treated aluminium profiles, which are distributed to Serbian and European markets. We also operate six sales and distribution centres nationwide across Serbia and one showroom at the heart of the New Belgrade central business district, employing almost 400 people in total. The company has increased its annual revenue by 20% annually over the last few years, while the current year is expected to be even better than the previous one, with revenues set to hit historically high increases.
Do you succeed in covering the impressively broad spectrum of architectural needs with those 65 different aluminium systems?
The needs of our customers are quite broad, but so is our product portfolio. Each of our products is designed with one thing in mind: how to provide the best possible solution and maximise the value for our customers. Alumil’s top quality aluminium systems offer high performance levels and unparalleled design that provide the best solutions and shape impressive outdoor spaces. Through our modern production facilities
and strict quality controls along the entire production line, we ensure the creation of superior products of high added value. Our continuous research and development leads to us offering unique solutions with many innovative features, which totally meet the needs of our customers. For a second consecutive year, Alumil has been declared one of the Most Sustainable Companies in Greece.
What enables you to always remain at the cutting edge of technological development; a step ahead of the rest?
Alumil produces high-quality aluminium systems that are designed and developed by the Group’s innovative Research & Development Department and then tested and certified by internationally accredited certification institutes and laboratories. Research & Development is part of our DNA. Our experienced and specially-trained engineers design new systems and invent technical solutions continuously. At the company’s advanced laboratories. research is ongoing on systems that incorporate excellent design, top performance and outstanding energy efficiency. By using state-of-the-art equipment, and thanks to our Advanced Testing Centre, we are always at the forefront of technological development, always one step ahead of the competition. Our R&D is able to offer customised solutions for projects that require specially designed systems or typologies. The level of expertise of our engineers, along with the flexibility of our production processes that is thanks to the high vertical integration of our plant, lead to exceptional results, particularly when it comes to customised solutions. It is worth noting that we recently developed one of the most sophisticated high-tech customised window systems on behalf of Google Inc. in New York. Our highly advanced technological level, combined with our ability to provide tailormade solutions, makes us one of the most competitive companies in the industry globally. In addition, we maintain collaborations with leading European universities and research centres and are in direct contact with the R&D departments of renowned manufacturers of aluminium system accessories.
REGIONAL NEWS
“Citizens of Serbia, North Macedonia and Albania will be able to freely access the single labour market from September, thanks to the connection of the national electronic systems of those countries, as part of the Open Balkan initiative” ~ MIHAILO JOVANOVIĆ, DIRECTOR OF
THE OFFICE OF THE GOVERNMENT OF SERBIA FOR IT AND E-GOVERNMENT
ELEKTROPRIVREDA MONTENEGRO NEGOTIATES WITH TOSČELIK ABOUT NIKŠIĆ ŽELEZARA
Elektroprivreda Montenegro (EPCG) is negotiating with Tosčelik over the purchase of the Nikšić Željezara. After the meeting with representatives of EPCG, Dritan Abazović said that the biggest burden is the date because the Turkish company stated that it will pull out after 1st September. EPCG representative Radovan Đukanović announced that they are trying to overcome the problem in Železara, adding that everyone is on the same task. “We are all on the same task and there is a good and kind will among all, as well as for acting as quickly as possible. That is perhaps the biggest problem, that we don’t have much time.” He added that negotiations between EPCG and the Turkish company are ongoing.
NORTH MACEDONIA RANKED SECOND LARGEST WINE EXPORTER IN REGION
According to the Prime Minister of North Macedonia, Dimitar Kovačevski, this country last year exported wine worth more than 61 million dollars. This is an increase of over 19 per cent compared to 2020, said Prime Minister Dimitar Kovačevski. He pointed out that for three consecutive years the export of N.Macedonian wines has been growing both in terms of quantity and value, and that he is particularly pleased that the share of exports of draft wine is decreasing, while the export of bottled wine is increasing. “Macedonian wine is known worldwide for its quality, and our country is considered one of the leaders in terms of the value of exported wine in the region. We are it is the second largest exporter” said Kovačevski.
The Croatian government submitted to parliamentary procedure amendments to the law on value-added tax, which, in addition to the necessary elements of adaptation to the introduction of the euro, foresees a reduction of the VAT rate to five per cent on the delivery of wood chips, pellets and firewood, as well as a zero VAT rate for solar panels. According to Finance Minister, Marko Primorc, the amendment to the law proposes a change in the provisions related to the introduction of the euro, as well as further tax relief and mitigation of price increases faced by citizens and the economy. Thus, it is proposed that the delivery of heating from thermal stations, including fees related to that delivery and the delivery of firewood, pellets, briquettes and wood chips, be performed from the day the law enters into force until 31st March 2023.
“Trade between the Serbian and Croatian economies in the first six months of this year amounted to 805.7 million euros and was 210.9 million, or 35.4 per cent, higher than in the same period of last year” ~ MARKO ČADEŽ, PRESIDENT OF THE SERBIAN CHAMBER
OF COMMERCE & INDUSTRY
BANK OF CYPRUS CONCLUDES EXIT FROM ROMANIA
Bank of Cyprus liquidated its activities in Romania by selling its last portfolio of nonperforming loans and real estate worth roughly EUR 147 mln. The assets were acquired by the APS group in a transaction that was signed in May 2022 and finalized on August 24 of the same year, after a review by the Competition Council, the authority charged with ensuring a normal competitive environment for businesses in Romania. Bank of Cyprus sold its remaining portfolio as part of the termination of its operations in Romania, a process that has gradually moved forward over the last few years.
WIZZ AIR TO LAUNCH BULGARIA-SAUDI ARABIA FLIGHTS IN 2023
Wizz Air, a Hungarian carrier, issued a statement that it will start a new flight from Bulgaria’s Sofia to Riyadh in Saudi Arabia in spring 2023. This comes as part of a Wizz Air expansion which will link a total of 20 European cities to the Saudi Arabian capital. The flight between Sofia and Riyadh will be launched in April 2023, it was announced in the Wizz Air press release. The expansion will include flights to the Saudi kingdom from Bucharest, Budapest, Larnaca, Tirana, Rome and Vienna. It is expected to generate traffic of over 1 million passengers in Saudi Arabia next year, Wizz Air wrote in a statement.
ITALY SUES SLOVENIA OVER BALSAMIC VINEGAR
The Italian government is launching legal proceedings against Slovenia in an attempt to defend the authenticity of its geographically protected balsamic vinegar. The issue started at the beginning of last year when the Slovenian government informed the European Commission that it plans to introduce standards in the production of vinegar and to market any wine vinegar mixed with fruit juice concentrate as “balsamic vinegar”. Former Italian Prime Minister Mario Draghi gave the go-ahead to the state prosecutor’s office to initiate misdemeanour proceedings because according to a 2009 law, the term “Aceto balsamico di Modena” (balsamic vinegar of Modena) can only be used by producers from the Italian city of Modena and the Emilia-Romagna region.
Demanding Markets Develop Quality
Testeral exports 95 per cent of its production to the markets of Western Europe and America, and one of the company’s goals is to become the leader of its sector in the Balkans. Testeral is committed to keeping pace with world trends, the specialised training of its employees and investing in technological and production capacities
Here Testeral CEO Sanja Stanimirović speaks to CorD Magazine about business challenges, ever-more demanding clients, the state’s attitude towards family businesses, market and product range expansion, as well as the future of the construction industry.
You’ve implemented façades and windows on many beautiful and prestigious buildings, both here in Serbia and abroad. How challenging has that work been for Testeral?
Yes, that’s correct, some of the most outstanding buildings certainly include the Embassy of German and Hotel Rubin in Kruševac. And abroad there’s the largest logistics centre in Zurich and a 5-star hotel that’s located right next to the World Trade Center in Manhattan. Those are projects that attract attention. It wasn’t easy to deal with them from a technological aspect, but they certainly now represent the pride of our company and employees. What’s important is the experience gained working on them, which is precious to us and contributed plenty to the actual development of the company. However, each individual project is a story in itself for us, and each project demands equal attention and commitment. Our work is extremely dynamic, but that’s what makes it interesting. Being an entrepreneur during these turbulent times is a challenge, and when you add to all that the accepting of responsibility to implement the most demanding product on buildings, then you are compelled to be professional, courageous and tenacious on your path.
Some of the most outstanding buildings in our portfolio certainly include the Embassy of Germany and a 5-star Hotel in Manhattan
It could be said that your work demands constant improvement and investment. Are we mistaken?
You are right. Considering that we handle all processes – from project design to production, delivery and installing of aluminium façades, structures, windows and doors – we’ve become the number one choice for many architects and investors. We are committed to keeping pace with world trends in architecture and construction, the specialised training of employees and investing in technological and production capacities and innovations. The multiplying of turnover has led to us quadrupling our production capacity. We are currently finalising one of the most modern production facilities in the Balkans, equipped with the latest cutting-edge CNC machines, while in parallel we’re carrying out the digitalisation of the company.
You have representative offices in Geneva, Lugano, New York and Chicago, as well as major plans to open new branches. Does this mean that you satisfy the most stringent European and American standards?
Taking on the challenges of the most technically demanding markets and succeeding provided the company with additional strength to launch its expansion to another continent. The U.S. is now our biggest export market. Each new order represents further confirmation of the quality of our work and demonstrates that we can stand shoulder-to-shoulder with the world’s biggest “players” in our sector. Clients can expect us to be even better in all business segments, and that we will work to promote energy-efficient solutions and elegant architectural solutions.
It’s Time For ReFresh And ReShape
Although the holiday season is not yet over, it is already time to think about new challenges and preparations for the rainy autumn and long cold winter. There is nothing better than the ReFresh programme for extremely fast and efficient body regeneration and the ReShape programme to achieve hormonal balance, weight reduction and body reshaping
www.ioanna.rs
ReFresh programme
ReFresh is a personalised programme intended for quick and efficient recovery of the body after great effort or a stressful period. It is ideal for body recovery in patients exposed to high stress in specific life situations, whether private or professional. Combined therapy includes a strong infusion, i.e. a personalised multivitamin cocktail, which is prepared on the basis of the condition of the patient’s organism which instantly gives energy and strength for upcoming life challenges; facial exfoliation, massage, face mask according to the need and condition of the patient’s skin, along with facial, neck and cleavage hydration treatment and CLEO 24K LED mask with infrared light therapy
The goal of the ReFresh programme is to regenerate and rest the body, but also refresh and rejuvenate the face and body in a short period of time, extremely quickly and efficiently.
ReShape programme
ReShape is a personalised programme designed for body reshaping. It lasts two to three months, and is intended for those who want to lose five to 20 kilograms, those who lead a stressful life, patients with thyroid disorders, people with insulin resistance and other hormonal disorders. The ReShape programme is intended for women who have had in vitro fertilisation, after recovery from interventions, but also for women in perimenopause and men in andropause. It is recommended for anyone who spends a lot of time sitting at a desk.
The programme consists of mesotherapy, nutritional therapy, specific physical procedures, massage, medical dermatological lasers, ultrasound, algae packing, magnets, green coffee for a quick treatment effect. If needed, supplementary therapy or vitamin infusion is also prescribed.
The goal of the ReShape programme is to achieve hormonal balance and reduce body weight and girth.
WORLD NEWS
“Stable use of nuclear power will be promoted on the major premise that public trust in nuclear power should be gained and that safety should be secured” ~ FUMIO KISHIDA, PRIME MINISTER OF JAPAN
FOSSIL FUEL ADVERTISING BANNED IN FRANCE
France has responded to multiple requests from environmental organizations and introduced a ban on fossil fuel advertising. This applies to all petroleum-based energy sources, the energy obtained by burning coal and carbon-containing hydrogen, while natural gas is exempt from the ban until June 2023. According to the US-based Climate Accountability Institute, fossil fuel companies are among the biggest carbon polluters and make millions in profits promoting the sale of coal and gas. Calls for a ban on fossil fuel advertising have been growing louder in the world in recent years. Last year, Greenpeace and 20 other environmental organizations called for a ban on fossil fuel advertising across the European Union.
TAIWAN’S TRADE WITH CHINA FAR BIGGER THAN ITS TRADE WITH THE U.S.
Data show that Taiwan depends more on China for the trade than it does on the U.S., even if U.S. House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit. Taiwan came under military and economic pressure from Beijing this week after the democratically self-ruled island allowed the visit of Pelosi — the highest-ranking U.S. official to set foot on Taiwan in 25 years. The visit came despite warnings from China, which considers Taiwan part of its territory and maintains the island should have no right to conduct foreign relations. The U.S. recognizes Beijing as the sole legal government of China while maintaining unofficial relations with Taiwan. Still, Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.
FORD TO ELIMINATE 3,000 JOBS IN EFFORT TO CUT COSTS
Ford Motor is cutting about 3,000 jobs from its global workforce, as the automaker attempts to lower costs as part of restructuring efforts under CEO Jim Farley. Ford began notifying workers of the reductions on Monday, a company spokesman confirmed. The cuts are for 2,000 salaried positions and 1,000 agency jobs in the U.S., Canada and India, Farley and Ford Chair Bill Ford said in a message to employees that was obtained by CNBC. Ford’s costcutting actions are the latest in a series of efforts by companies to reduce expenses and employee headcount amid fears of a potential recession or economic softening, with inflation hovering near a 40-year high.
“When it comes to the energy sector, we are in a situation which resembles a wartime economy” ~ MAGDALENA ANDERSSON, PRIME
MINISTER OF SWEDEN
BRITISH COMPANY FORCES ITALY TO PAY €190M FOR OFFSHORE OIL BAN
A British oil company has won over €190 million ($190m) in compensation from the Italian government for blocking a planned project off Italy’s Adriatic coast. After tens of thousands of Italians protested against the Ombrina Mare oil drilling project in 2015, the Italian government banned oil drilling within 12 miles of Italy’s shoreline. This prevented the project from going ahead. Represented by no-win-no-fee lawyers, the developer Rockhopper sued the Italian government under the controversial Energy Charter Treaty (ECT).
CALIFORNIA BANS THE SALE OF NEW GASPOWERED CARS BY 2035
California, the country’s most populous state and the centre of U.S. car culture is banning the sale of new gasoline-powered vehicles starting in 2035, marking a historic step in the state’s battle against climate change. The rule, issued by the California Air Resources Board, will force automakers to speed up the production of cleaner vehicles beginning in 2026 until sales of only zero-emission cars, pickup trucks and SUVs are allowed in the state. The unanimous vote comes after Gov. Gavin Newsom set a target in 2020 to accelerate the shift away from internal combustion engines.
AUDI HAS CONFIRMED ITS FORMULA 1 ENTRY FROM 2026
The luxury brand is expected to have a tie-up with Sauber, although have only announced they are manufacturing engines from 2026 so far. The entry of the Volkswagen-owned brands Audi and Porsche into F1 has been one of the sport’s worst-kept secrets in recent months, and Audi was the first to confirm its plans ahead of this weekend’s Belgian GP. Audi was previously linked with a partnership with McLaren but has reportedly turned their attentions to Sauber, who currently runs under the Alfa Romeo banner but has been in talks with other brands.
