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Croatia real estate

Slovenian Petrol to invest 75 million Euros by 2014

Croatian Times

Slovenian company Petrol intends to invest as much as 75 million Euros in Croatia by 2014, further expanding its retail network and creating 300 jobs.

From the current 75 gas stations, Petrol plans to expand to 100.

In the first two months of this year, two Petrol firms in Croatia - Petrol Croatia and Euro Petrol - achieved net sales of 71.4 million Euros, which is 20 per cent more than the same period last year and 12 per cent more than planned.

Aleksandar Svetelsek, the CEO of Petrol said that the company is undertaking the expansion with full force.  "We also increased our marketing budget for Croatia by five or six times," he added.

He announced that Petrol would also put in an offer for buying Crobenz, an INA subsidiary which has 15 petrol stations. With the acquisition of Drnis Jadranplin, Petrol will also become a distributor of liquefied petroleum gas in Croatia, the Croatian daily Vecernji List writes.

Tag cloud Crobenz  creating  planned  liquefied  marketing  petroleum  Croatia  Petrol  Slovenian  Drnis  acquisition  buying  distributor  expansion  Jadranplin  increased  network  Euros  invest  Vecernji

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