Ilija Studen wins a prestigious award of the Republic of Austria

Date: 27.10.2017.

Brčko, 26.10.2017 – At the celebration of the National Day of the Republic of Austria in Sarajevo, President of the STUDEN Holding Board, Mr. Ilija Studen received prestigious award from the Austrian president “Grand Decoration of Honour for Services to the Republic of Austria” as a tribute of special efforts he has invested in development of the Austria and Bosnia and Herzegovina economies, presented by Austrian ambassador in BiH, his Excellency Mr. Martin Pamer.

„The challenge of investing for the STUDEN Holding always meant investing in the development of the market and economies of the countries where our business group is present. Thanks to clear vision of development we have managed to have a positive influence on the market of Bosnia and Herzegovina from Vienna, where our Holding is seated, and with opening of two production companies, Edible oil factory BIMAL and Sugar refinery STUDEN-AGRANA, with 500 employees, we have established the Agro-industrial complex in Brčko, which supplies with its products, besides the domestic market, also the countries around the world“ said the President of the STUDEN Holding Board Mr. Ilija Studen.

Mr. Studen added that this award from the Republic of Austria is confirmation that with its continuous investments STUDEN Holding is making strong influence on improvement of the overall commercial environment in Bosnia and Herzegovina, and that the investment so far are an indicators of successful business, making the STUDEN Holding also the largest Austrian investor in the food industry of Bosnia and Herzegovina. The commitment of the STUDEN Holding to make Bosnia and Herzegovina the market with recognizable quality products which are exported to foreign markets will certainly continue, and the efforts for non-GMO production, and support to Austrian association Danube Soya ensures the reaching of the set goals.

As the highest state recognition which the Austrian President awards each year to politicians, officers, scientists, artists, entrepreneurs and business persons for special achievements and contributions, the President of the STUDEN Holding Board Mr. Ilija Studen is the sole Bosnian businessman laureate of the “Grand Decoration of Honour for Services to the Republic of Austria” for development of the economies of both Austria and Bosnia and Herzegovina.

In last year the award “Grand Decoration of Honour for Services to the Republic of Austria” was received by 100 persons among whom only 12 were persons who are not Austrians.