By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: How Petar Corluka became the first Billionaire in Herzegovina
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > How Petar Corluka became the first Billionaire in Herzegovina
BUSINESS

How Petar Corluka became the first Billionaire in Herzegovina

Published: January 17, 2023
Share
SHARE

The owner of Violeta, Petar Corluka, is currently the richest person in Herzegovina, and the third richest in Bosnia and Herzegovina (BiH).

Corluka entered a business that only a few powerful global corporations deal with, so in a short period of time he created a recognizable brand from Slovenia to Macedonia, and on one occasion he explained how it all started.

”We didn’t copy anyone, we try to be different. Large systems are slow, our advantage is speed and flexibility. The first and basic rule is a high technology and the best quality. We invest in production and continuously search for innovations: we want new, better, and improved quality. This is the key to our success,” the Herzegovinian entrepreneur explained the reasons for the strong growth.

He proudly points out that he never bought anything in privatization, everything he created is the fruit of work, vision, and business moves. He comes from a poor family, and he tested his entrepreneurial inclinations in 1990 when private business was completely legalized in the former Yugoslavia.

He did not enter the ”hygiene” business by chance. He explains that it is a high-turnover product that does not stay in stock for long because it is in demand even in a crisis.

The company ”Violeta” was founded in 2001, and the brand ”Violeta” was launched a year later. It started with the production of toilet paper, paper tissues, wet wipes, diapers, and finally detergents and fabric softeners.

A significant step forward was made in 2011 when the production of toilet paper and kitchen towels was launched in Sveta Helena near Zagreb, with an investment of 12 million euros. ”Violeta” towels won customers over with incredible speed.

Also, in recent years, he has been investing intensively in the hospitality industry, especially on the Croatian coast.

Petar Corluka has a simple recipe for success – you need to do what you love and do it better than the competition. For successful company management, he says, the most important thing is to build a system. He does not practice the so-called autocratic, but democratic management style.

”I position myself as if I am not the owner or even the president of the Management Board, but only a part of the management,”he stated, Biznis Info reports.

E.Dz.

Four Miners injured after the sudden Release of Pressure in Coal Mine
Success of miners from Gornji Vakuf/Uskoplje
UN reiterates its grave Concern over the on-going Relocation of Migrants in Bihac
Survey: In Bosnia and Herzegovina, 93.8 Percent of Women do all Housework
Finished SBF: To realize started Initiatives until the Next Forum
TAGGED:#bosnia#business#news#success#violeta
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The Construction of another Wind Farm in Bosnia is underway
Next Article Detention for Seven Persons suspected of Injuring Visitors from Serbia at the Tournament
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

A Major Turnaround in Pretis: Instead of Huge Profit – a Multi-Million Loss
May 16, 2026
Motorway Sections in the Federation of Bosnia and Herzegovina to Open in 2026
May 16, 2026
Modest Economic Recovery: Can Bosnia and Herzegovina Sustain a Positive Trend?
May 16, 2026
“The CHALLENGE” Exhibition on Italian Sports Design Opens at the Olympic Museum Sarajevo
May 16, 2026
Uk to Dodik: The Economy does not know Political Tensions, Sarajevo is a European city where Everyone is welcome
May 16, 2026
Flowers and Memorial Service for fallen Soldiers from the Tuzla Column
May 16, 2026
Council of Europe and OSCE leadership revive extended High-Level Meetings to foster effective Multilateralism
May 16, 2026
Dodik calls on Serbs to close Shops in Sarajevo
May 16, 2026
Entrance Free of Charge to Sarajevo Museums Today
May 16, 2026
Bakir Izetbegovic officially the SDA Candidate for the Presidency of BiH
May 16, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?