THE YEAR OF POSITIVE DEVELOPMENT OF THE TRENDS OF THE COMPANY

Another year is over. For some of you, this was a year of good business moves, years of turnaround, years of significant investments ... On the other hand, the decline in the purchasing power of the population, the floods that our country had hit in May made this for one of the worst years for a good part of business entities.

We discussed this topic with Venan Hadžiselimović, Executive Director of HIFE OIL.

How will you remember 2014? What projects marked your business year?

- It is inevitable to mention in 2014, not to look at the natural disaster that affected Bosnia and Herzegovina, which also had a direct and indirect impact on all segments of society. HIFA OIL and daughter companies have suffered multi-million damage, which at one stage slowed the growth of our business, but in spite of this, in a very short period of time we managed to repair the damage, consolidate our business and move towards the further realization of the set goals. Of course, like most business entities, we have also contributed to assisting vulnerable communities, where our intention was to return to the normal life of all those with the smallest business. If we isolate the natural disaster and all the disadvantages we have faced, I must point out that this year is marked with the continuity of growth and the positive trend of the company's development in all business segments, especially with "black derivatives," re-signing contracts with EUFOR supply forces, markets, ISO 14001 certification, etc.

How satisfied are you with the results?

- It is difficult to explain for the year that is already behind us, but it is true that HIFA OIL will finish with the highest amount sold in relation to the entire period of its establishment. This shows how well our vision and business plans are adapted to the market situation and customers' needs, but at the same time that the benefits we use in achieving the goals are something we can be proud of.

Plans for 2015?

- I like to say that plans are being made to change, because this business is something that requires continuous alertness and frequent adaptation to changes in the world scene that have an impact on the movements in BiH. Certainly it is important to point out all those with whom we work is that HIFA OIL has always been and will be a reliable partner and supplier in the markets on which it operates, regardless of the sources and supply possibilities, because our intention is that our customers do not feel the great turbulence that are happening in the oil market, in refineries, and so on. So our expectations are that we will continue to develop and maintain a fair relationship with our existing partners, expand our portfolio of new customers and markets, providing them with different sources, even in direct supply through different alternatives, giving significance to the continuity of business. Quantities in terms of quantity should not be anything less than this year, and they range around 280,000 tons of different derivatives.

Will there be new investments?

- Probably, in different business segments, but the realization of plans will happen in the next year.