Business

Saturday, 2 July 2022

Valamar Padova: Two Million Euros Invested in Beautiful Rab Beach

July the 2nd, 2022 - A massive two million euros has been invested into a beautiful Rab beach which falls within the scope of one of many large hotel complexes - Valamar Padova. As Poslovni Dnevnik writes, the brand new sandy Rab beach at the Valamar Padova hotel and the The Beat Beach Club have now been officially opened! The value of Imperial Riviera's investment in this project in which the new Rab beach was revamped stands at more than two million euros. With this investment, Imperial continues to invest in the development of the destination of the island of Rab…
Friday, 1 July 2022

Decospan Mato Furnir Rated Most Successful Croatian Company in 2021

ZAGREB, 1 July 2022 - Wood veneer manufacturer Deospan Mato Furnir is the recipient of the Financial Agency's (Fina) Golden Balance Award as the most successful Croatian company overall based on financial ratings for 2021. At a ceremony on Thursday evening, Fina presented 19 awards in total: 11 Golden Balance awards to the best companies in individual sectors, two honours for excellence in business continuity and six Golden Balance awards in special categories. Fina analyzed 144,259 businesses and selected 3,978 of them for the award competition. The Golden Balance Award is awarded based on rankings calculated from 11 financial indicators in five…
Friday, 1 July 2022

Bluesun Hotel Chain Renovates Around 800 Rooms in 45 Million Euro Investment

July the 1st, 2022 - The well known Croatian Bluesun hotel chain which is based in Dalmatia has invested an enormous 45 million euros back into its impressive capacities, renovating approximately 800 rooms. As Poslovni Dnevnik writes, summer is here and the height of the tourist season is rapidly approaching. As such, Bluesun Hotels & Resorts, one of the leading hotel chains in all of the Republic of Croatia, has invested more than 45 million euros in the renovation of six properties in its portfolio. The investment resulted in the renovation of almost 800 rooms in the Bluesun Hotel Elaphusa, Bluesun…
Friday, 1 July 2022

Lukewarm Expectations for Croatian Economy as Inflation Continues to Bite

July the 1st, 2022 - There are fairly lukewarm expectations for the Croatian economy, with inflation continuing and as such expectations are stagnating. As Poslovni Dnevnik writes, this month, expectations for the Croatian economy have been rather rapidly stagnating. On the one hand, there is pessimism in the retail sector due to the overall reduced purchasing power of consumers, and on the other hand, there are also improved expectations in both the industry and the service sector(s). The European Commission's survey and the Economic Climate Index (ESI) in the Republic of Croatia rose by 0.2 points in June compared to…
Thursday, 30 June 2022

First Electric Vehicle Charger In Lamppost Installed In Croatia

ZAGREB, 30 June 2022 - The first electric vehicle charger in a lamppost has been installed in the Zagreb suburb of Buzin, and trial chargers will be installed in 200 lampposts in several cities next year as part of a pilot project, while more than 100,000 will be installed across Croatia in the next decade. This is part of a project aimed at expanding the electric vehicle infrastructure launched by the Strujni krug e-mobility association. Taking part in the pilot project are Zagreb, Velika Gorica and Osijek. The Smart Energy company, which is part of the M SAN group, designed the first 3.5 kW charging station.…
Thursday, 30 June 2022

Croatian Railways: Seventy Brand New Trains Due Before Year 2024

June the 30th, 2022 - Croatian railways aren't usually praised by many users of their services, with complaints about the trains being slow frequent and even situations in which the train drivers not bothering to turn up for work occurring. Could all that change with some new acquisitions? There is an enormous amount to see all over this extremely geographically diverse country, which, while small, packs a punch from the sparkling Adriatic Sea and its impressive rugged coastline to its imposing, karst mountain ranges, luscious green rolling hills, picturesque lakes and seemingly endless Eastern vineyards. Seeing it all by train…
Wednesday, 29 June 2022

Crobex Rises for Fourth Straight Day

ZAGREB, 29 June 2022 - Amid careful trading on the Zagreb Stock Exchange on Wednesday, the main indices increased, with the Crobex continuing a four-day rise despite a poor turnover. The Crobex strengthened by 0.24% to 2,035 points. At the same time, the Crobex10 increased by 0.31% to 1,207 points, increasing for the second day in a row. Regular turnover amounted to almost HRK 4.6 million, which was 1.6 million less than on Tuesday. Not one stock crossed the million kuna mark. The most traded was Ericsson Nikola Tesla, turning over HRK 560,000. It closed at HRK 1,815 per share,…
Wednesday, 29 June 2022

PM, Reps of Aquaculture and Fisheries Businesses Discuss Developments on Market

ZAGREB, 28 June 2022 - Prime Minister Andrej Plenković and Agriculture Minister Marija Vučković on Tuesday met with representatives of aquaculture and fisheries businesses for talks on developments on the market and difficulties caused by rising costs as well as the government schemes to help this sector. Plenković spoke about the importance of the aquaculture and fisheries sector and its positive performance despite the challenging circumstances. In 2021, the value of Croatian exports of fisheries and aquaculture products rose by more than 30%. Over the period from 2016 to 2021, the value of aquaculture production increased by 45%. The sector's…
Tuesday, 28 June 2022

A Million Tonnes of Wheat Expected This Summer Harvest

ZAGREB, 28 June 2022 - Although a dry spell this spring will have an adverse impact on the yield of wheat and barley in Croatia, the amount of the harvested wheat supplies this summer is likely to be similar to last year's because more areas are under this cereal now than in 2021. Representatives of the Osijek-Baranja County Chamber of Commerce met with Agriculture Ministry State Secretary Tugomir Majdak on Tuesday. Majdak told a news conference after the meeting that the harvesting season was over at about 60% of the land sown with barley, and that the average yield was up to…
Monday, 27 June 2022

MUP Bogged Down by Croatian Employers Requesting Work Permits for Foreigners

June the 27th, 2022 - Croatian employers are requesting work permits for would-be foreign employees left, right and centre. With demographic issues and difficulties finding qualified local staff continuing to bite, MUP is having trouble getting through the paperwork in time for the height of the summer season. As Poslovni Dnevnik writes, the ongoing problem of staff shortages escalated for Croatian employers last summer, and this year it has become even more pronounced because there are more guests, this tourist season could be better than that of 2019, and the desire to travel is great, leading some to describe it…
Sunday, 26 June 2022

Croatian Footballer Marcelo Brozovic Enters Entrepreneurial Waters

June the 26th, 2022 - Very well-known Croatian footballer Marcelo Brozovic has entered the often turbulent waters of entrepreneurism with a product that will likely help many athletes and recreationalists. As Poslovni Dnevnik writes, over more recent days, the MB77 brand cream called MB77 regenerating cream for joints and muscles with CBD has arrived on the shelves of Zagreb County pharmacies in the Velika Gorica branch, as well as on their webshop. This is otherwise a brand new product that is an ideal choice to help with muscle recovery after training and it is recommended to massage it into the skin…
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