Business

August the 6th, 2021 - Homeland War hero Ante Gotovina's company, Pelagos net farma, has not only grown in the business sense but also in terms of employees. Gotovina's company has significantly increased its number of employees and the 2020 crisis which rocked the world barely touched it. As Poslovni Dnevnik writes, the tuna business that General Ante Gotovina has been involved in for the past eight years has not felt the coronavirus crisis, unlike the vast majority of other companies across not only Croatia and Europe but the rest of the world. His company, Pelagos net farma, has continued to…

August the 5th, 2021 - Not even a brilliant summer season this year will automatically lead to Croatian tourist industry recovery, as the coronavirus pandemic has hit this sector with unimaginable strength, and it will take much more than tourists with deep pockets to fix things. As Poslovni Dnevnik/Marija Crnjak writes, even if the 2021 tourist season ends with the realisation of over 70 percent of the physical and financial results from back in pre-pandemic, record 2019, Croatian tourist industry recovery is far from set in stone. This hard-hit sector expects strong medium-term consequences of the coronavirus crisis. The biggest…

ZAGREB, 4 Aug, 2021 - The main Zagreb Stock Exchange (ZSE) indices closed mixed on Wednesday, with the Crobex increasing by 0.20% to 1,957 points and the Crobex10 decreasing by 0.13% to 1,204 points. Regular turnover amounted to HRK 4.25 million, roughly the same as on Tuesday. The only stock to pass the turnover mark of one million kuna was that of the HPB postal bank, turning over HRK 1.13 million. Its price went up by 3.6% to HRK 575 per share. A total of 41 stocks traded today, with 16 of them registering price increases, 12 recording price decreases and 13…

ZAGREB, 3 Aug, 2021 - The main Zagreb Stock Exchange (ZSE) rose on Tuesday for the second consecutive trading day, with the Crobex increasing by 0.21% to 1,953 points and the Crobex10 by 0.38% to 1,205 points. Turnover at the close of the trading session was HRK 4.26 million, roughly half as much as on Monday, and none of the stocks passed the turnover mark of one million kuna. The highest turnover, of HRK 801,000, was generated by the stock of the Valamar Riviera hotel company. It closed at HRK 30 per share, up 1.69% over Monday. A total of…

ZAGREB, 3 Aug (Hina) - Total household loans in Croatia reached HRK 138.9 billion at the end of June 2021, increasing by HRK 4.2 billion from June 2020, according to the data provided by the Croatian National Bank (HNB). The annual nominal household loan growth rate was 3.2%, picking up from 2.7% in May 2021, Raiffeisen Bank (RBA) said in its analysis of the central bank's data. The share of kuna-denominated loans in total loans was 55%, the same as the month before. Household credit claims increased by 1.9% or HRK 2.7 billion since the start of the year. The annual household loan growth rate increased from…

August, the 3rd, 2021 - The Croatian Koncar Group (Grupa) has seen quite the increase in terms of net profit in the first six months of 2021, despite the previous and continued obstacles caused by the ongoing global coronavirus pandemic. As Novac writes, in the first half of the year, the well known Croatian Koncar Group generated an impressive net profit of 74.3 million kuna, which is an increase of 41.2 million kuna or 124.3 percent when compared to the same period last year, according to the company's financial report published on Thursday. "The Croatian Koncar Group ended the first…

August the 2nd, 2021 - The coronavirus pandemic has taken an unimaginable toll on global travel and tourism, and countries which rely very heavily on this economic segment such as Croatia, have taken a heavy blow indeed. That said, things have dramatically improved when compared to 2020, and Valamar Riviera's traffic at the height of the season is more than encouraging. As Poslovni Dnevnik/Marija Crnjak writes, in the first six months of this year, Valamar Riviera generated an impressive 291 million kuna in total revenues, which more than doubled the revenues they had during the same period in 2020. At…

August the 2nd, 2021 - The company Varazdin City Connect from Northern Croatia has done remarkably well for such a young company, and has now become part of the Swedish Transcom company. As Novac/Bernard Ivezic writes, the Swedish company Transcom, which entered the Croatian market fourteen years ago in parallel with Tele2, to which it provided call centre services from Vukovar, has taken over Varazdin City Connect. While the value of the takeover hasn't yet been announced, Transcom’s plan going forward has. Its goal is to position itself as the leading BPO service provider here in the wider Adriatic region. The…

July 31, 2021 - After a year of economic losses caused by the pandemic and the suspension of navigation, the Croatian cruise industry seems to finally see a gradual recovery that will continue its course in the coming years. The Croatian cruise industry sees signs of optimism after last year's traffic disruption due to the pandemic, reports HRT News. This year, cruisers are gradually returning, even to the Croatian Adriatic, while recovery and stronger traffic is expected in 2022 and 2023, says Maria Deligianni, director of the CLIA for the Eastern Mediterranean. CLIA (Cruise Line International Association) is the world's umbrella…

ZAGREB, 30 July 2021- The Croatia Airlines national flag carrier's net loss in the first half of 2021 amounts to HRK 147.4 million, HRK 25.8 million or 15% less than in the comparable period of 2020, the airline reported on Friday. In the period from January to June, the airline conducted a total of 5,421 flights and transported 208,657 passengers, 37% down from the first six months of 2020. The number of passengers on regular domestic flights decreased by 15% (71,367 passengers) and on international flights by 46% (131,181) while charter flights transported 8% more passengers (6,109) year-on-year. Flight occupancy was 45.3%, which is 13.4 percentage points…