Two gold medals to Testament's winemakers at the world's largest wine competition

In the 2018 Decanter World Wine Awards, the world's largest and most influential wine competition, ten Croatian wines received gold medals. Two of these wines are from Dalmatia and Testament's two winemakers, Juraj Sladic and Igor Radovanovic, are the winemakers behind these award-winning wines. It is an exceptionally important validation of the development of the Dalmatian wine industry set by the new winemaker generation, focused on indigenous varieties, modern approach and precise wine styles.

"The Decanter Awards show that the Dalmatian wines are steadily growing in world recognition. It is extremely satisfying for Zhoda that the two Dalmatian gold medal wines were produced by two wine makers that now make Testament wines. We are very fortunate to have Juraj and Igor onboard to continually raise the standards of our wines to become Dalmatia's finest. We are looking forward to medals being awarded to the Testament wines in future competitions. I recommend our shareholders and wine lovers to order the limited number of bottles of Testament Babic and Testament Posip now available at Systembolaget", says Robert Karlsson, CEO of Zhoda Investments.

Decanter Awards and two Dalmatian gold medals

More than 270 of the world's top wine experts gathered in London earlier in May to start judging the 2018 Decanter World Wine Awards. Close to 17,000 wines were judged with ten Croatian wines winning gold medals, two of them from Dalmatia.

Korlat Syrah 2014 is a red wine produced at Benkovac Winery within Badel 1862. It received a gold medal. Juraj Sladic, wine maker and head of Testament's operations in Sibenik, was previously winemaker at Benkovac Winery with a 180-hectare vineyard and a production of over 500,000 bottles per year.

Nerica 2016 Posip is a white wine from the Dalmatian island of Korcula. It received the second of the Dalmatian gold medals in this year's Decanter Awards. Igor Radovanovic, wine maker and head of Testament's operations in Smokvica, is Dalmatia's leading maker of Posip wines and also the enologist behind this award-winner. This is the first gold medal not only for the island of Korcula and a Posip wine, but also for a white indigenous variety.

Zhoda Investments recently acquired the Smokvica winery on Korcula to make elegant and fresh white wines from the Posip grape. It was discovered by chance by a farmer on the island almost 150 years ago, and has since then become the most popular white grape in Dalmatia.

The wineries in Dalmatia owned by Zhoda Investments market their organic wines under the Testament brand. A Testament to the rich wine growing past - combining Dalmatia's two thousand year old winemaking tradition with the most talented new generation winemakers.

How to order Testament organic wines created by the award winning winemakers

  1. Visit your local Systembolaget or go to their website Do a search for Testament or enter the article number found below
  2. Order delivery to any Systembolaget store. In certain geographic areas such as Stockholm, Gothenburg, Skåne, Uppsala and Västerbotten, you can order the wine to be delivered to your home

Article number for Testament

Testament Babic Nr 73669 - red wine

Testament Posip Nr 74023 - white wine

Testament in digital media

Learn more about Testament Winery and its organic wines on Facebook and Instagram. Search for testamentwinery.

Visit our website to read more about Dalmatia's two thousand year old wine history and the Testament wines.

Visit Testament Winery in Dalmatia

Testament Winery is located on a hill sloping down towards the Adriatic Sea outside the city of Sibenik, approximately 50 kilometers up along the coast from Split. Our winemaker Juraj Sladic is looking forward to presenting the vineyard and the wines to our shareholders.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail. 

Stockholm, 12 July 2018

For more information, please contact:
Robert Karlsson, CEO Zhoda Investments AB
+46 709 565 141,

About Zhoda Investments

Zhoda Investments invests in selected unlisted European ventures and drives growth and profitability through active ownership and an entrepreneurial approach. Zhoda owns an organic winery in Dalmatia with a 47-hectare state of the art vineyard producing red wine from the local Babic grape. Zhoda has also acquired a winery on the Dalmatian island of Korcula that produces white premium wines from the indigenous Posip grape. The group also holds a 45 per cent interest in the Lelyaki oil field in Ukraine with 2P proven and probable oil reserves of 8 million barrels net to the company. Zhoda Investments is actively pursuing new investments. The company's shares are traded on Pareto Securities OTC. For more information, visit

Zhoda Investments lämnar operativ uppdatering

Inför dagens årsstämma lämnar Zhoda Investments ("Zhoda") en operativ uppdatering. Efter coronautbrottet tidigare i år vidtog bolaget snabbt åtgärder för att anpassa verksamheten till de nya marknadsförutsättningarna. Lägre oljepriser och reserestriktioner har påverkat olje- och vinverksamheternas omsättning och resultat men öppnar också för nya affärsmöjligheter.

Zhoda Investments announces an operational update

Ahead of today's Annual General Meeting, Zhoda Investments ("Zhoda") announces an operational update. Following the outbreak of Covid 19 earlier this year, Zhoda took swift measures to adapt the operations to the new market conditions. Lower oil prices and travel restrictions have affected sales and profits in both the oil and wine operations, but have also opened up new business opportunities.

Zhoda Investments vinner upphandling på Systembolaget

Zhoda Investments helägda dotterbolag Black Island Winery har i hård konkurrens vunnit en upphandling av viner på druvan babic. Vinerna kommer att finnas i ordinarie segment på hyllan i 115 butiker från och med 1 december i år.

Zhoda Investments wins a tender at Systembolaget

Zhoda Investments' wholly owned subsidiary Black Island Winery has won a tender of wines made from the grape babic at Systembolaget, the Swedish retail monopoly. The wine will be available in 115 stores starting 1 December this year.

Zhoda Investments publicerar årsredovisning

Zhoda Investments ("Zhoda") publicerar idag årsredovisningen för 2019.

Zhoda Investments publishes its annual report

Zhoda Investments ("Zhoda") publishes its annual report for 2019.

Kallelse till årsstämma i Zhoda Investments AB (publ)

Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till årsstämma den 29 juni 2020 kl. 15.00 på Grev Turegatan 18 (Alpcot), 2 tr i Stockholm.

Notice to Annual General Meeting of shareholders in Zhoda Investments AB (publ)

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Annual General Meeting to be held at 15.00 CET on 29 June 2020, at Grev Turegatan 18 (Alpcot), 2nd floor, in Stockholm.

Operativ uppdatering från vinverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ uppdatering avseende vinverksamheten belägen i kustregionen Dalmatien i Kroatien. Under år 2019 nådde bolaget flera viktiga milstolpar med väsentligt ökad försäljning, framgångsrik skörd och lansering av varumärket Merga Victa från vingården på ön Korcula.

Operational update from the wine operations

Zhoda Investments ("Zhoda") announces an operational update on the wine operations located in the coastal region of Dalmatia in Croatia. The company reached several important milestones in 2019, including significantly increased sales, a successful harvest and launch of the Merga VIcta brand from the second winery on the island of Korcula.

Operativ och finansiell uppdatering från oljeverksamheten

Zhoda Investments ("Zhoda") lämnar en operativ och finansiell uppdatering avseende oljeverksamheten i Poltava Ukraina. Under årets första tio månader har Zhodas 45 procentiga andel av fältets produktion uppgått till 71 400 fat olja, motsvarande 234 fat per dag. Under samma period har moderbolaget erhållit utdelningar om drygt 8 miljoner kronor från oljeverksamheten.

Operational and financial update from the oil operations

Zhoda Investments ("Zhoda") announces an operational and financial update on the oil operations near Poltava, Ukraine. During the first 10 months of the year, Zhoda's 45 per cent interest in the field production amounted to 71,400 barrels, equivalent to 234 barrels per day. During the same period, the parent company has received dividends from the oil operations amounting to over SEK 8 million.

Kommuniké från extra bolagsstämma i Zhoda Investments

Vid extra bolagsstämma i Zhoda Investments AB fattade aktieägarna beslut att utse WeAudit Sweden AB, med huvudansvarig revisor Mikael Köver, till ny revisor intill slutet av årsstämman 2020. Arvode ska utgå enligt godkänd räkning.

Communiqué from EGM in Zhoda Investments

The shareholders of Zhoda Investments AB passed a resolution at the EGM today to elect the authorized auditing firm WeAudit Sweden AB, with responsible auditor Mikael Köver, until the annual general meeting 2020. The auditors will be paid in accordance with approved invoices.

Kallelse till extra bolagsstämma i Zhoda Investments AB (publ)

Aktieägarna i Zhoda Investments AB (publ), organisationsnummer 559030-3490 (nedan "Bolaget") kallas till extra bolagsstämma den 2 december 2019 kl. 13.00 på Grev Turegatan 18, 2 tr i Stockholm. Den påskrivande revisorn har meddelat Bolaget att han på grund av sjukskrivning inte kan fullfölja uppdraget varför Bolaget kallar till stämma för att utse ny revisor.

Notice to Extraordinary General Meeting of shareholders in Zhoda Investments AB (publ)

The shareholders of Zhoda Investments AB (publ), corporate identity number 559030-3490 (hereinafter the "Company") are hereby given notice to attend the Extraordinary General Meeting to be held at 13.00 CET on 2 December 2019 at Grev Turegatan 18, second floor, in Stockholm. The current auditor has informed the Company that he is unable to fulfill his duties for health reasons and the Company therefore gives notice to a general meeting to appoint a new auditor.

Kommuniké från årsstämma i Zhoda Investments

Vid årsstämma i Zhoda Investments AB fattade aktieägarna i huvudsak följande beslut.

Communiqué from the Annual General Meeting in Zhoda Investments

The shareholders of Zhoda Investments AB passed the following main resolutions at the Annual General Meeting.

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