Business

ZAGREB, 30 July 2021 - Fertiliser manufacturer Petrokemija generated a net profit of HRK 48 million in the first half of 2021, which is 80% less than in the same period of 2020, according to the company's financial statement released on Friday. Total operating revenue fell by 3.0% to HRK 936 million, with sales revenue declining by 5.0% to HRK 918 million. Operating expenditure increased by 23% to HRK 888 million. Davor Žmegač, President of the Management Board, said that the results were affected by increased prices of natural gas, higher CO2 emission charges and lower sales, mostly as a result of…

ZAGREB, 30 July 2021 - Croatia's stockpiles of finished industrial goods in June 2021 were 6.9% lower than in the previous month and 1.6% lower than in June 2020, according to data from the National Bureau of Statistics (DZS). Broken down by main industrial groupings, compared with May 2021, energy stockpiles fell the most, by 17.8%. Stockpiles of capital goods decreased by 12.7%, non-durable consumer goods by 6.2%, intermediate goods by 4.7% and durable consumer goods by 0.1%. Compared with June 2020, energy stockpiles increased by 10.1% and stockpiles of non-durable consumer goods by 8.3%, while stockpiles of capital goods fell…

July the 30th, 2021 - Croatian Dash City electric scooters are now present in as many as fifteen Croatian cities, and their number has reached an impressive 500. As Poslovni Dnevnik/Lucija Spiljak writes, the Croatian Dash City company has introduced a system of renting out electric scooters using a mobile application (app) in fifteen Croatian cities and municipalities - Umag, Rabac, Rab, Lopar, Crikvenica/Selce, Zadar, Biograd, Sv Filip i Jako/Turanj, Tisno, Murter, Kastela, Supetar, Gradac, Korcula and Lumbarda. It is the first company in the Republic of Croatia and the country's wider region to deal with the rental of increasingly popular…

July the 29th, 2021 - The government introduced job preservation measures in an attempt to tackle the devastating effects of the coronavirus pandemic and all of the related lockdowns throughout 2020. When it comes to micro and small Croatian enterprises, the amounts paid out to keep their heads above water are generous indeed. As Jadranka Dozan/Poslovni Dnevnik writes, according to the daily "barometer" of the Croatian Employment Service (CES), there are currently 126,175 unemployed persons officially registered as such across Croatia, which is slightly less than were officially registered back at the beginning of the month. The latest available data…

July the 29th, 2021 - The Zagreb Dominos Pizza restaurant, located close to the Sheraton Hotel in the heart of the city, has been ranked among the world's top five Dominos Pizza restaurants in terms of delivery speeds. As Poslovni Dnevnik/Marta Duic writes, Dominos Pizza, a world-famous American pizza company, will soon open the doors of yet another location here in Croatia, in Zagreb's Tresnjevka, more precisely in Trakoscanska Street (Ulica). All about pizza is responsible for the arrival of the huge company which is very well known as the global leader in terms of pizza delivery with more than 18,000…

ZAGREB, 28 July, 2021 - The Zagreb Stock Exchange (ZSE) indices on Wednesday changed slightly, going in opposite directions, while regular turnover was modest, however, overall liquidity was increased by the block trading in HT telecommunication company's shares, amounting to HRK 2.66 million. The Crobex rose by 0.15% to close at 1,934.02 points while the Crobex10 dropped by 0.11% to 1,192.41 points. Regular trading amounted to HRK 4.4 million, almost three million less than on Tuesday. The total liquidity was increased by the block trading in HT shares in the amount of HRK 2.66 million, at a price of HRK 190 per share. HT…

ZAGREB, 28 July, 2021 - The Kraš confectionery group generated a net profit of HRK 21.9 million in the first half of 2021, an increase of HRK 8.6 million or 64.2% over the same period in 2020, according to its financial statement released on Wednesday. Consolidated revenue reached HRK 488.2 million, up by HRK 30.4 million or 6.6%, with sales revenue totalling HRK 481.4 million. Sales revenue increased by 15.8% to HRK 257.7 million on the domestic market and by 9.1% to HRK 220 million on the foreign markets. Expenditure increased by 4.2% to HRK 461.1 million.  (€1 = HRK 7.523368)…

July the 28th, 2021 - A Croatian-Slovenian fund has secured a massive forty million euros and plans to pump it directly into connecting the technology sector with the business one. As Ana Blaskovic/Poslovni Dnevnik writes, the Croatian Bank for Reconstruction and Development (HBOR), the European Investment Fund and the Slovenian Export and Development Bank (SID) is establishing a Croatian-Slovenian fund/platform to finance the commercialisation of technological and scientific solutions from universities, research institutes and value centres from the two neighbouring countries. The agreement on the establishment of a regional platform for technology transfer was signed in the Slovenian capital city…

ZAGREB, 27 July, 2021 - The main Zagreb Stock Exchange (ZSE) indices rose slightly on Tuesday, with the Crobex increasing by 0.07% to 1,931.03 points and the Crobex10 by 0.08% to 1,193.73 points. Turnover at the close of the trading session was HRK 7.3 million, about 2.8 million higher than on Monday. The rise in the turnover was mostly driven by the stock of telecommunications equipment manufacturer Ericsson Nikola Tesla telecommunications, which turned over HRK 3.04 million. It closed at HRK 1,655 per share, up by 2.48% from Monday.  No other stock passed the turnover mark of one million kuna. A…

ZAGREB, 27 July, 2021 - In H1 2021, Croatian telecommunication equipment manufacturer Ericsson Nikola Tesla generated a net profit of HRK 101.4 million, up 190% on the year, the ICT company said in a press release on Tuesday. The company's gross profit amounts to HRK 154.3 billion, up 105.1% on the year. The company's sales revenues rose by 5% to HRK 1.01 billion in the first six months of 2021. Of the total sales revenues, 44.1% was generated on the domestic market, services to parent Ericsson accounted for 44.9%, while other export markets contributed 11%. In the said period, sales revenues on the…