BUSINESS DIVERSIFICATION

In addition to the real estate development sector and building construction, Adora Engineering has explored other areas for business activities, and has diversified its business in other economic fields:

Banking – financial sector

In 2018 Adora Engineering became the largest individual shareholder in Komercijalna Banka AD SkopjeChanneling its own funds in stock transactions, Adora now owns 12.78% of the stocks in the bank. The founder and Managing Director of Adora Engineering Vancho Chifliganec, Ph.D, is a member of the Supervisory Board of Komercijalna Banka AD Skopje, a body which under the statute directs the overall policies of the bank. The entry into the banking sector was done with the purpose of ensuring development of Adora Engineering and the only one of its kind Macedonian banking brand with fully domestic capital, and to establish the company at the forefront in the financial-banking sphere at a national level.
Adora Engineering is also a shareholder in NLB Bank.

Pharmaceutical industry

Adora Engineering is also a shareholder in Alkaloid AD Skopje, one of the most successful Macedonian companies with an international reputation.

Humane business

Following the completion of 40 major projects of building construction as well as deeds for the benefit of the wider community, Adora Engineering focused towards humane business, completing a project to build a home for housing and care of the elderly Vtora Mladost in the Municipality of Ilinden in close proximity to the Macedonian metropolis Skopje. The goal is for the Balkan region to get the best and most modern home for care and dignified life for the elderly, following high quality modern European standards. The retirement home is being built on a 30,000 m² plot of land in an ecologically clean environment, with accommodation capacity for over 200 people, with a professional staff of around 60 employees. The complex will have a horticultural and conceptually designed environment, with content for recreation, entertainment and socializing of the residents, their visitors and guests. The first phase of the construction project is a 5 million euro investment and it is planned to be completed in 2020.

New challenges

Adora Engineering is always open to new business challenges, new initiatives and new activities, for the benefit of the company, the employees, the economy and society at large.