Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00The goal is to
00:00:03set up an adequate private equity fund that would
00:00:06address
00:00:08uh, value appreciation, the possibility of increasing
00:00:11the value
00:00:13of uh, companies owned by those entrepreneurs we
00:00:17advised. That's how the idea of the fund was born in 2015.
00:00:20It took us about five years to raise
00:00:24the fund; it was a truly pioneering endeavor, wasn't
00:00:27it? And we raised the fund in 2020.
00:00:31more than seven years and a We then mm sold our old business and focused
00:00:35exclusively on investments.
00:00:38mm So, two of us started more or less alone. Now
00:00:42I'm really proud that we have built an organization; we have
00:00:4522 people, investment professionals, and
00:00:49we believe that with this second fund, we will achieve even
00:00:52better results than with the first one,
00:00:55because with this experience and background that we have
00:00:59built... and we believe that
00:01:01we can very focused and very
00:01:05successfully place these funds that our investors
00:01:07have given us. What is crucial in your case
00:01:11when making a decision about
00:01:14investing?
00:01:18Well, there are many factors, in essence. What we
00:01:22look at is the industry.
00:01:25We do a very deep analysis of the industry, meaning we need to understand
00:01:28very well what is happening in the industry, where it is
00:01:32happening. Usually, when we make investments in the region, we look at what has
00:01:35happened, for example, in Western Europe, Eastern Europe, what are
00:01:39some trends, mm, what are some things or industries in which
00:01:43this region might be lagging, mm, what
00:01:47acquisitions have happened in the wider region, and then we
00:01:51extract information. In that kind of top-down approach, so to
00:01:54speak, market analyses, then we look at companies that are here
00:01:58in the region, we look at their finances,
00:02:01we organize first meetings and so on. Then, if
00:02:05we realize after that analysis that it really makes
00:02:10destroyers, workhorses of sense to look at an industry, then we start concrete discussions, meaning with entrepreneurs,
00:02:13and what what is extremely
00:02:17important to us is that uh, money from our
00:02:20perspective is just a kind of facilitator, right? It's very important
00:02:23for us to see that we can
00:02:27make that company at least a regional uh...
00:02:30a regional platform or even a global company, like
00:02:33in the case of the Museum of Illusions,
00:02:38and we do that by looking at which
00:02:41markets we can access, how we can help these
00:02:44entrepreneurs or companies access those
00:02:47markets,
00:02:49and how we can attract talent, because you can have the best idea,
00:02:52recognize the industry,
00:02:55have market access, if you don't have the talent, meaning the people who
00:02:59will execute that strategy, then you certainly
00:03:02won't get far, right?
00:03:04And the third thing we
00:03:064th into the 5th of July, copies of always look at is technology, how
00:03:10technology can change a certain industry and how we can
00:03:1425% discount on the apply that technology. Now it's all about Buzzword and Artificial
00:03:17Intelligence, right? And the fact is that every
00:03:21industry will be changed in a smaller or larger form as a
00:03:25result of the arrival of AI, and that is also one of the analyses
00:03:28how uh... that we do, so how AI
00:03:32will change a certain industry and how we can use these
00:03:35new tools that are now available
00:03:39to adapt the business model
00:03:43of the company, to optimize it and so
00:03:45on. So where do you see that opportunity for
00:03:49where do you see that opportunity for Bosnia and Herzegovina for markets that
00:03:52are in some development? Here,
00:03:56you say that all industries will more or less change
00:04:00due to technological development, the arrival of AI,
00:04:03which is here, meaning we no longer
00:04:06announce it, it is already present and is already slowly changing even
00:04:09in our regions certain
00:04:12industries. Well, in my opinion, the opportunity
00:04:15is in that the world
00:04:18is generally getting smaller and smaller due to
00:04:21communication technologies, the internet,
00:04:25mobile phones and so on. Now, specifically, the possibility
00:04:28if you have a good good product,
00:04:32accessing global markets is better than ever,
00:04:35and this will be increasingly emphasized,
00:04:38and I would say that the opportunity is precisely in that, meaning
00:04:42identifying a good product and trying
00:04:45to market it globally.
00:04:48I mean, certain political turbulences are happening
00:04:52at a global level and so on, but our general
00:04:55experience is that market access has never
00:04:58been easier if you have
00:05:00the channels. So that's one opportunity that I absolutely see for
00:05:04a young person, for example, who has an idea, this
00:05:08if I compare it to the time when I was young,
00:05:11for example, right? I mean, you had to go to the library to read something, now everything is
00:05:14at your fingertips, right? So I think that's the opportunity
00:05:18that young people and entrepreneurs in general
00:05:21must uh can uh
00:05:24realize. Thank you very much for
00:05:26the interview. Thank
00:05:29you.
00:05:33That's all for Forbes Magazine this week. For other news from
00:05:37the world of business and economy, as well as our exclusive stories and interviews,
00:05:41read more on Forbes. com. Watch N1 and read Forbes.
00:05:55I am Majila Šabanović, you are watching N1.
00:06:23At first it looks like any American warship at sea,
00:06:27then you notice the sand, more than a thousand
00:06:30miles from the nearest coastline, hundreds of miles from
00:06:34any major city, deep inside the western Chinese desert, what
00:06:37appears to be a full-scale mockup of a US Navy
00:06:41Arleigh Burke class destroyer. Look at it side by
00:06:44side with the USS Fitzgerald, the resemblance is striking. Both are
00:06:48around 510 feet long. At the back, the helicopter flight
00:06:52deck used to launch and recover naval helicopters. Next are the
00:06:56vertical launch systems, cells used to fire guided munitions like the
00:06:59Tomahawk cruise missile, heavily used in the conflict with Iran. This is the
00:07:03bridge and command area where navigation, communications, and combat operations
00:07:07are controlled. At the front is the deck gun used for
00:07:10surface targets, air threats, and shore bombardment.
00:07:14Together, the details suggest a carefully built
00:07:17full-scale replica of one of America's main guided missile
00:07:23the US Navy fleet, more than 70 sailing in oceans around
00:07:26the world. If conflict ever erupts over
00:07:29Taiwan, these destroyers would likely be among the first US warships
00:07:33deployed. Hansu analyzes China's
00:07:37military for Taiwan's top defense research
00:07:40institute. Why would China go through all the effort and
00:07:43expense to build this? The Chinese tried to
00:07:47prepare everything from top to bottom. The
00:07:51Chinese military has ballistic missiles that can attack from high angles and cruise
00:07:54missiles that can attack horizontally, so they're trying to
00:07:57combine both and enhance their anti-access and area denial
00:08:01capability. He says they're trying to improve the
00:08:05accuracy of China's newest hypersonic anti-ship
00:08:08missiles displayed at Beijing's military parade last year. The
00:08:123D replica is covered with antennas designed to
00:08:15simulate the radar signature of an American warship, helping China
00:08:19detect, identify and perhaps target the real
00:08:22thing. It's located in Xinjiang, the same area where the People's
00:08:26Liberation Army built 2D flat mockups of US
00:08:29aircraft carriers and destroyers several years ago, even putting them
00:08:33on tracks, analysts say, to move at the speed of actual
00:08:36ships. Have they ever built a 3D mockup
00:08:40before? It's the first time. Open-source intelligence analyst
00:08:43Joseph Wen first spotted the mockup when it was still under
00:08:47construction about a month ago.
00:08:50I do think this is quite surprising. The scale of the construction is really
00:08:54massive. What message are they trying to send by building
00:08:57this? The message that they are sending is China is always
00:09:00preparing for war. Under
00:09:03leader Xi Jinping, China has poured billions into
00:09:06modernizing its military, from aircraft carriers and nuclear
00:09:10weapons to artificial intelligence. The
00:09:13PLA has also long trained using mockups of
00:09:16everything, from US military assets to Taiwan's
00:09:19presidential office. On China's tightly controlled social
00:09:23media, censors are allowing comments like these:
00:09:26The US military's premier escort warships, long regarded
00:09:30as a source of pride, have now become designated targets
00:09:34for Chinese missiles. They are nothing more than targets sitting in
00:09:38the desert waiting to be hit. Will
00:09:41Ripley.
00:09:43and an
00:09:52I
00:09:54got the goods. So we have Jolly Rancher hard
00:09:58candy. I'm very familiar. I've been eating these since I was a kid.
00:10:01Gummies. They also have Heat Wave, which I haven't tried
00:10:05yet. And that sounds interesting. And then Jolly Rancher ropes.
00:10:09Never even heard of this. This is their newest candy that
00:10:12they've put out and it's done incredibly well with
00:10:15Gen Z. This candy has been
00:10:18trending.
00:10:20Jolly Rancher is owned by Hershey's, behind the
00:10:23iconic Hershey's chocolate bar. Well, we're actually headed to
00:10:27Hershey, Pennsylvania to get a look behind the scenes. Oh, I can
00:10:31see all the little chocolate kisses, it's a lamp post. This entire
00:10:34town was built around Hershey's, the chocolate
00:10:37maker. Since then, the brand has expanded its
00:10:41portfolio. They have other types of candy, including Jolly
00:10:45Rancher, and it really kind of stayed as a hard candy that most
00:10:49people know, but in the last few years they've really innovated, and they're doing
00:10:53this because they're realizing that the brand needed to evolve because
00:10:56Gen Z wants some creative candy. So you're
00:11:00just you're just eyeballing it. All
00:11:02right. It's a rhythm. How are you
00:11:06guys taking what consumers want and changing the way that
00:11:10you're producing candy here? One of the things that we're
00:11:13looking at today is leveraging colors from
00:11:16natural sources. This is the sweet potato
00:11:19powder, one of them that we've been researching. And as
00:11:23you can see, it's turning a brilliant purple color, much more
00:11:27purple. A lot of the sources for colors
00:11:31are things like radishes, cabbage, beets,
00:11:34carrots, getting some vegetables in your uh, in your candy.
00:11:38Because of the demand for new types of Jolly Rancher
00:11:41products, I mean, how fast are you guys moving on this?
00:11:45We can move very, very fast. We introduced our Jolly
00:11:48Rancher freeze dried item in less than a
00:11:51year.
00:11:54Making Rancher ropes is really a three-step process and
00:11:58this is where the first step happens, basically a giant mixer. Step
00:12:02two, the Jolly Rancher ropes get cooked and then are formed
00:12:05into long, filled tubes. They go through a
00:12:09cooling tunnel, travel about the length of half of a football
00:12:12field, get cut and then they continue
00:12:16down the belt right into the packaging section.
00:12:20Vanessa, this is right off the line, as fresh as you can
00:12:23get. Oh, it's it's... It's
00:12:25fresh.
00:12:28Brings me back to my childhood. Jesus with a
00:12:31twist, with a twist. But Jolly Rancher is certainly on track to become a
00:12:35billion-dollar brand. In fact, last year, Jolly Rancher grew
00:12:3926% in sales. And how much
00:12:42investment is the company, Hershey's, making in Jolly Rancher
00:12:46specifically? Our R&D investment overall
00:12:49has increased by 25%. That's
00:12:52allowing us to make more products
00:12:56so that we can continue to delight and shimmer. What's next? We're
00:12:59going to continue to expand both the flavors delivering
00:13:03bold, unmistakable flavor um in in forms that already
00:13:07exist, and coming out with new textures and forms for
00:13:10Jolly Rancher. So that means a new candy that has never been seen
00:13:14before from Jolly Rancher. Vanessa, keep your eyes open. Until then,
00:13:18until then, the ropes. Enjoy those Jolly Rancher
00:13:20ropes.
00:13:25Aspirin Protect 100 mg is recommended for people at
00:13:29high and very high risk of cardiovascular diseases to
00:13:33reduce the risk of acute heart attack or stroke. Before
00:13:36use, carefully read the package insert for information about indications and precautions, adverse effects of the drug,
00:13:39consult a doctor or pharmacist. Bayer.
00:13:43Big heat waves are ahead of us. Telefunken inverter air conditioners with
00:13:47technological improvements. They are an efficient solution to this problem. Energy
00:13:50saving 30%. Best prices on the
00:13:53market. Delivery and installation, excellent
00:13:57service network, Telefunken, pride of German technology.
00:14:01Where there's bingo, I'm there. The sun
00:14:04is scorching, mosquitoes are biting, and there's no more
00:14:07meze. But whoever has a son-in-law, nothing bothers him.
00:14:11He's good. Listen, good?
00:14:15The best! Go, son-in-law! Jelen beer for
00:14:18our good
00:14:19times.
00:14:26Summer heat can be almost unbearable. There's nothing worse than
00:14:29feeling sweaty, tired and completely exhausted. You've probably already
00:14:32tried those big, bulky, noisy fans, but all they do is
00:14:36circulate hot air around the room and take up a lot of space. Forget
00:14:39small desktop cooling units and tall standing fans, but they simply
00:14:43don't have enough power to really do the job. And why would you turn on the air
00:14:46conditioner in the whole house when most of the time you're only in one room?
00:14:50Simply bring in the new, revolutionary Starlife
00:14:53Coldair. Watch how quickly it creates extremely cold air, cools
00:14:57the room, and creates condensation on glass doors. You can literally
00:15:00watch the droplets appear before your eyes. The Coldair air conditioner doesn't
00:15:04just cool the air, it provides a truly powerful and refreshing stream of ice
00:15:07cold air right where you need it most. Unlike ordinary
00:15:11fans that just push hot air around the room, or other devices that never
00:15:15deliver the expected effect, Starlife Coldair is large, powerful, and creates
00:15:19intensely cold air. In a direct comparison, with the help of thermal
00:15:22imaging technology, you can clearly see the difference.
00:15:25It lowers the room temperature faster and provides a powerful, refreshing wave of cold
00:15:28air. I was impressed by the quality and power
00:15:32of this portable air conditioner. Starlife Cold Air transforms the space around you
00:15:36into a true icy refreshment. Call now or order online
00:15:39and we will send you the elegant and powerful Starlife Coldair. With cooling,
00:15:43humidifying, and air purification effects at an incredibly
00:15:46affordable price that you see right now on the screen. Starlife Cold Air comes
00:15:50with three adjustable speed levels. The purification effect helps remove impurities from
00:15:54the air, while humidification contributes to more comfortable air and reduces the feeling of
00:15:57dryness. The large water tank allows for long-lasting operation and comfortable refreshment
00:16:00for several hours. Thanks to the practical wheels, the device
00:16:04can be easily moved from one room to another. And best of all, with the remote
00:16:07control, you can adjust all settings without getting up from your
00:16:10armchair. Now, for the first time, you can get the complete Starlife
00:16:13Coldair system, including the remote control, at an incredibly low price
00:16:17shown on the screen, but that's not all. We are confident that you will be satisfied
00:16:20with the practicality, power, and feeling of refreshment that Starlife Coldair brings
00:16:24throughout the summer. Easy to use, easy to move, and multiple
00:16:27functions in one device make it an excellent choice for pleasant summer days and
00:16:31nights. This special offer is not available in stores, so don't wait.
00:16:35Starlife Coldair in one powerful and elegant device brings comfortable
00:16:38refreshment, humidification, and air purification. Don't let the
00:16:42heat ruin your summer. Call now or order online and
00:16:45discover today the refreshing comfort of the Starlife Coldair device.
00:16:49Aspirin Protect 100 mg is recommended for people at
00:16:53high and very high risk of cardiovascular
00:16:56diseases, to reduce the risk of acute heart attack or
00:16:59stroke. Before use, carefully read the package insert. For information about indications, precautions, adverse effects of the
00:17:03medicine, consult a doctor or pharmacist. Bayer.
00:26:34that are becoming more common: fatigue, lack of energy, heart
00:26:38problems, and a drop in fitness. With us is Doctor
00:26:41Jasmina Ćorović Kuburović. Good day,
00:26:44Doctor. Good day and thank you for the invitation. People often
00:26:48truly think that fatigue is normal, but very often behind that
00:26:51is a lack of energy at the cellular level, and that is precisely
00:26:55where coenzyme Q10 plays an important role. Doctor, what
00:26:59exactly is Q10 and why is it so important? Coenzyme Q10 is a
00:27:03substance that participates in the creation of energy in our
00:27:06cells. BMT Coenzyme Q10 is supported
00:27:10by vitamins and antioxidants that protect cells from damage
00:27:14and, of course, additionally contribute to the vitality of the organism. And what is
00:27:18particularly important about this preparation is that
00:27:21VMT Coenzyme Q10 is microencapsulated, which
00:27:25means that it is protected and much better absorbed in the body. Precisely
00:27:29this technology allows coenzyme Q10 to have a very... and
00:27:32a more stable effect in creating energy at that cellular
00:27:36level, especially in the heart, which consumes the most
00:27:39energy. Who is especially recommended BMTQ10, Doctor?
00:27:42It is recommended for people who experience fatigue,
00:27:46exhaustion, those who have a lack of
00:27:48fitness, then for those who have low or
00:27:51high blood pressure, high cholesterol, high
00:27:55blood sugar. It is also very important for people who have arrhythmias,
00:27:59angina pectoris, then heart failure. but also
00:28:03for those who have poor circulation and problems with blood
00:28:06vessels. It is also recommended for those who are
00:28:09recovering from a heart stroke and after
00:28:13other serious illnesses or muscle weakness. Certainly
00:28:17also for those who have headaches, have a drop in concentration,
00:28:20bad mood. It is especially important for those
00:28:23people who are under stress, certainly also for
00:28:26smokers and those who use therapies such as
00:28:29statins and antibiotics and antidep'. presives
00:28:33Doctor, can you explain to us what exactly this
00:28:36combination of magnesium and BMTQ10 contains and why
00:28:40it is so effective? First of all, magnesium in this preparation
00:28:44comes in various forms such as
00:28:47citrate, malate, bisglycinate and others, which allows for significantly
00:28:51better absorption and utilization in the body, and
00:28:54thanks to that, it then effectively relaxes muscles,
00:28:58reduces cramps, affects the nervous system, and thus helps with
00:29:02fatigue, stress, bad sleep. If you recognize yourself in
00:29:05these problems, dear viewers, now is the right time
00:29:09to act. Call immediately 0800
00:29:1250057 and get as much as
00:29:16BMTQ10 plus magnesium package with
00:29:20free shipping. Today there is a special
00:29:23offer, if you call now 0800,
00:29:26500,57 order BMTQ10
00:29:30pure magnesium in a set, you get... as much as
00:29:3325% discount on the entire package and free
00:29:36shipping. Aspirin protect (100 mg)
00:29:39is recommended for individuals with high and very high
00:29:42risk of cardiovascular diseases to reduce the risk of
00:29:46acute myocardial infarction and stroke. Before use, carefully read the leaflet for information on indications, precautions, and adverse effects. Consult your doctor or pharmacist about the medicine.
00:29:50obavijesti o indikacijama i mjerama opereza nežljenim dejstvima na lijek posavjetujte se sa djekarom ili farmaceutom.
00:29:54Bayer.
00:30:21Good day, dear viewers, you are watching N1
00:30:23info.
00:30:28The fire in the Konjic area is still active, numerous firefighters
00:30:31and helicopters are engaged.
00:30:35The protest in the Zenica brown coal mine continued, 10 Zenica
00:30:38miners are still in the Raspotočje
00:30:40pit.
00:30:43Volodymyr Zelenskyy, on an official visit to Serbia, a memorandum of
00:30:46understanding in the field of agriculture was signed between Serbia and
00:30:49Ukraine.
00:30:54The fire in the area of Kanjina and Živašnica near Konjic is still
00:30:57active, and all available resources are on the ground.