BUSINESS DIVERSIFICATION

Following the successful establishment in the real estate development sector, Adora Engineering explored other areas of business activity and diversified its business into other economic spheres nationwide.

Banking – financial sector

In 2018, Adora Engineering became the largest individual shareholder in Komercijalna Banka AD Skopje, acquiring 10.09% of the bank's stocks through stock transactions. Adora Engineering has a significant influence on decision making in the Bank, and the owner Vanhco Chifliganec Ph.D., is a member of the Supervisory Board of Komercijalna Banka, a bank which controls 22% of the assets of the entire Macedonian banking market. The purpose of entering the banking sector was to expand on the successful operations of Adora Engineering and the development of Komercijalna Banka, the only bank with entirely domestic capital, one of the pillars of the country's banking system, hence of the national economy as a whole. Adora Engineering has a significant share of the stocks in NLB Banka, which has been named the best bank in North Macedonia nine times by the reputable financial magazine The Banker, thus holding the prestigious position of top award-winning institution in the banking sector.

Pharmaceutical industry

Adora Engineering is one of the dominant shareholders in Alkaloid AD Skopje, one of the most successful companies in North Macedonia with an international reputation, which has been producing medicines, processing herbal raw materials, producing cosmetics and chemicals for 8 decades.

Humane business

In the spirit of corporate social responsibility, in order to enrich its business with humanity, Adora Engineering is currently implementing a project to build a retirement home for accommodation and care of the elderly, located in the Municipality of Ilinden, in the vicinity of the Macedonian capital, 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, staffed by 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 basic phase of the construction project is a 5 million euro investment and the plan is to have it 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.