Zhoda Investments has successfully expanded its portfolio by investing in Testament Winery, Croatia’s first Swedish vineyard, capitalizing on the growing demand for high-quality Croatian wines.

Information on the Target

Zhoda Investments' wholly-owned subsidiary, Testament Winery, is recognized as Croatia's first Swedish vineyard, dedicated to producing the finest wine in the region. During the latest harvest, the vineyard achieved a yield of 235 tons of grapes, translating to approximately 180,000 bottles of wine. Testament Winery operates in conjunction with Black Island Winery, which produced an additional 100,000 bottles.

Industry Overview in Croatia

The wine industry in Croatia has seen significant growth in recent years, particularly due to rising demand for local and organic wines. The country boasts a rich winemaking history and a diverse range of indigenous grape varieties, which are gaining popularity among both local and international consumers. As more vineyards adopt sustainable practices, the quality of Croatian wines is increasingly recognized on the global stage.

Furthermore, Croatia's unique climate, characterized by Mediterranean influences, allows for the cultivation of high-quality grapes. The country's strategic location along the Adriatic coast enables it to attra