“By taking over Hemofarm, we access other important markets in Eastern Europe. We do not integrate Hemofarm, but we work together to have effects of the economy of scale. Hemofarm is truly a pearl in which we will not only utilize the existing structure, but we also see Hemofarm as a platform for our further activities in Eastern Europe.”
Mr. Hartmut Retzlaff, the Chairman of the Stada Executive Board of Directors
“Serbia is a great opportunity for European businessmen. With the help of Italian government, and through investment support program, many Italian companies will soon find their way to Vrsac”
Mr. Flaminio Farnesi, President of Zannini Group
“The successful takeover of Hemofarm by STADA Group is a good example which may be an incentive for future German investors in Serbia. I was impressed by the fact that Hemofarm exports as much as 50 percent of its products. It has had, indeed, good business results even before joining with the STADA Group. The cooperation between STADA Group and Hemofarm is a good example of the cooperation between Germany and Serbia on the international market, and it is significant not only for good results of the company, but also for the economic development of both countries.”
Germany’s Ambassador to Serbia, Mr. Wolfram Maas
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