Business

ZAGREB, 20 Aug, 2021 - EU Funds and Regional Development Minister Nataša Tramišak said on Friday in Split that HRK 7.8 billion would be earmarked for development projects on Croatian islands until 2027. The national plan for the development of islands will provide a scope for investments, and we have assessed that 7.8 billion kuna will be necessary for the implementation of measures envisaged by the plan. However, that amount is not definite and other ministries are expected to make contributions to additional investments in compliance with the money made available in EU funds until 2027, Minister Tramišak told the press. Tramišak…

August the 20th, 2021 - One Zagreb company has been busy transforming its business model and incorporating new technology, putting them on the path to becoming a regional leader in their segment. As Poslovni Dnevnik/Darko Bicak writes, the Zagreb metallurgical-technological company Laser Inženjering (Engineering), which primarily deals with laser metal cutting, is currently in the process of transforming its business model and integrating 4.0 technology, which should enable them to become the leading regional innovative service centre for metal cutting and machining by 2025. As Andjelko Kascel, the owner and director of this Zagreb company explained, as the company is branded,…

ZAGREB, 19 Aug, 2021 - The main Zagreb Stock Exchange (ZSE) indices decreased on Thursday, the Crobex by 0.63% to 1,951.26 points and the Crobex10 by 0.53% to 1,201.23 points, while regular turnover was HRK 4.96 million. Another HRK 2.04 million was generated in a block transaction with Ericsson Nikola Tesla shares at HRK 1,700. In regular trading, this stock turned over HRK 44,300, closing at HRK 1,700 per share, down 0.29%. In regular trading, the most traded stock was the HT telecom operator, turning over HRK 1.17 million, stable at HRK 190 per share. Only one more stock crossed the…

ZAGREB, 19 Aug, 2021 - Economy and Sustainable Development Minister Tomislav Ćorić told the press on Thursday that Croatia's economy would expand by more than five percent in 2021 on the back of excellent results in the tourist sector so far this year. Considering the trends in the tourist season and results in July and in the first half of August, I can point out that we in the government expect that our forecasts of economic growth of more than five percent will turn out to be correct, he told reporters after the government's meeting. If the positive trends in the…

ZAGREB, 19 August, 2021 - The turnover of passengers at Croatian seaports in the second quarter of 2021 reaches 5.4 million, up 81.8% on the year and 41.9% more than in the same period in 2019, according to the national statistical office (DZS). The port in Split recorded the highest number of passengers -- 739,970 -- which is 115.3% more than in the same period the year before. The port in Zadar follows with 474,089 passengers or 63.8% more on the year. Maritime freight increased by by 10.2% with Croatian ports handling 6.2 million tonnes of seaborne goods in the said…

August the 18th, 2021 - One popular Losinj hotel group has made quite the serious turn towards the ever-lucrative and promising medical and health tourism sector, which is expected to come on leaps and bounds and rise in popularity in the post-pandemic world. As Poslovni Dnevnik/Marija Crnjak writes, with the aim of developing medical tourism, the Losinj hotel group Losinj Hotels & Villas in its Hotel Bellevue has opened up offices for four specialist medical fields - dermatologists, internists, gynecologists and orthopedists, as was reported by Jadranka Hotels. The guests will be able to have access to the visiting doctor…

ZAGREB, 17 Aug, 2021 - On Tuesday, the Zagreb Stock Exchange Crobex index increased by 0.05% to 1,972.07 points, while the other main index, the Crobex10, dipped by 0.10% to 1,211.70 points. Regular turnover was HRK 7.8 million. The most traded stock was the SZAIF fund, turning over more than HRK 3 million. It closed at HRK 22.20 per share, up 8.82%. Two other stocks crossed the million kuna mark. The Podravka food company turned over HRK 1.5 million, closing at HRK 582 per share (+0.69%), while the Atlantska Plovidba shipping company turned over HRK 1.1 million, closing at HRK 423…

August the 17th, 2021 - The number of Croatian registered trades has reached the levels we saw back in the otherwise crisis dominated year of 2008, but there have been some distinct alterations in terms of structure. As Poslovni Dnevnik/Marija Brnic writes, despite the fact that many trades and crafts are disappearing across the Republic of Croatia, the total number of entrepreneurs operating through Croatian registered trades and other more liberal professions has been increasing during the last year, and in the second quarter of 2021, the number of Croatian registered trades exceeded 90,000, and the last time that figure…

August the 17th, 2021 - Croatian watermelons are enormous, delicious and very fairly priced. Eating one on a hot day listening to the calm laps of the Adriatic and the songs of the crickets is priceless, but Croatian watermelon producers don't have it easy, despite the popularity of what they grow and sell. As Poslovni Dnevnik writes, Croatian watermelon consumption is the same as beer consumption - people consume more when the thermometer is at its absolute maximum and there's little else one can physically manage in that heat than sitting and eating and drinking. Neretva fruit growers claim that…

August the 17th, 2021 - As many as 500 small Croatian hotels with forward-thinking owners are being hampered by Croatia's draconian, outdated rules and regulations. The pressing matter is set to be discussed soon. As Poslovni Dnevnik/Marija Crnjak writes, the topic of the non-competitive match between small family hotels and private accommodation will be on the table in a few days at a meeting with the Minister of Tourism Nikolina Brnjac, this time at the initiative of the group of small luxury hotels - Stories. The topic was already opened at last week's meeting of the sector with Prime Minister…