Business

ZAGREB, 14 July, 2021 - The main Zagreb Stock Exchange indices fell for the second day in a row on Wednesday, recording a fall of about half a percent. The Crobex decreased by 0.58% to 1,939 points while the Crobex10 fell by 0.9% to 1,196 points. The tourism sector index fell the most, by 1.70%, while the industry sector index increased the most, by 1.91% Regular turnover amounted to HRK 8.8 million or about HRK 1.6 million more than on Tuesday. The highest turnover of HRK 3.8 million was generated by the Ericsson Nikola Tesla company. The price of its shares weakened by…

ZAGREB, 13 July, 2021 - The Zagreb Stock Exchange (ZSE) indices - the Crobex and the Crobex10 - fell on Tuesday by 0.38% to 1,951.02 points and by 0.26% to 1,207.53 points respectively. Today's regular turnover totalled HRK 7.2 million kuna, 2.5 million more than on Monday. The shares of the Podravka food processor were the only to cross the one million kuna mark in turnover, generating a turnover of HRK 2.3 million, with their price decreasing by 0.68% to HRK 582. Of the 36 shares that traded today, only nine saw a rise. (€1 = HRK7.488108) For more about business in Croatia, follow TCN's…

ZAGREB, 13 July, 2021 - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office. ZAGREB, 13 July (Hina) - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office. Plant production went up by 7%, while cattle production fell by 4.1%. Maize production went up by 5.8%, wheat by 7.4%, by soybean…

July the 13th, 2021 - As many as 25,000 Croatian employers have returned the job preservation grants provided to them by the government in an attempt to minimise economic damage caused by the ongoing pandemic. As Poslovni Dnevnik writes, there is an ongoing debate here in Croatia as to how the government intends to implement its intention to link the payment of job preservation subsidies for the month of July to vaccinations, ie COVID passes/certificates. The proposal has been unpopular to date, as it seems difficult to imagine that the powers that be might leave those who haven't yet been…

July the 13th, 2021 - Croatian tourist agencies have been among the hardest hit in the country throughout the pandemic, with forced closures, difficulties with travel and tourism on a global scale and feeling forgotten about by the government when it comes to aid. The latter is finally about to change, and not a moment too soon. As Poslovni Dnevnik writes, on Friday last week, the Ministry of Tourism and Sport announced a public call for small grants to help out Croatian tourist agencies and travel organisers, for which 36 million kuna has been provided from the state budget. The grants…

ZAGREB, 12 July, 2021 - The Ministry of Economy and Sustainable Development and the HEP national electricity provider signed an agreement on Monday which would classify the HES Kosinj hydropower system as a strategic investment, the ministry and HEP said. HES Kosinj is valued at HRK 1.54 billion and together with the second part of the project, the Senj 2 hydropower plant, it is the biggest HEP project since Croatia achieved independence, with a total value of HRK 3.4 billion, a press release said. Minister Tomislav Ćorić and the president of HEP's management board, Frane Barbarić, signed the agreement and based on it, the government will make…

July the 12th, 2021 - The Croatian Koncar company, which is very well known on a global scale for its expertise and high quality work, has succeeded on the Asian market as Japanese jobs are contracted. As Poslovni Dnevnik/Suzana Varosanec writes, the Croatian Koncar - Generators and Engines (GIM), owned by its parent company Koncar - Elektroindustrija, made a very significant step forward onto the challenging Asian market back in mid-May. Following two entire years of continuous bidding and a tough negotiation process, the Croatian Koncar company earned a large contract over in Japan for the first time in its…

ZAGREB, 10 July 2021 - Croatia has managed to preserve its firm financial reputation, while weathering the COVID-19 pandemic and the consequences of the 2020 devastating earthquakes, Prime Minister Andrej Plenković said in his speech at the 14th edition of Dubrovnik Forum on Saturday. The fourteenth annual international conference titled "Dubrovnik Forum: (Post)-Pandemic Geopolitics - Together in a World Apart" focused on the impact of the COVID-19 pandemic on the geopolitical relations and global economy. The programme includes three panels: "Unmasking the Geopolitics of a Post-Pandemic World"; "The International Community and the Western Balkans: How to End the Quarantine?"; and, "European Union, Three…

ZAGREB, 9 July 2021- In 2020, there were 103,000 transactions on Croatia's real estate market, or 7.7% fewer than in 2019, probably due to the COVID-19 pandemic to some extent, however the total value of real estate reached HRK 40 billion, 0.5% higher than in 2019. The value of real estate transactions was equivalent to 11% of Croatia's Gross Domestic Product, and these figures were outlined at a news conference held in Zagreb on Friday on the occasion of the presentation of the annual publication "Croatia's 2020 Real Estate Market Overview", prepared by the construction and physical planning ministry and the Zagreb Institute of Economics (EIZ).…

ZAGREB, 9 July 2021 - Croatia's commodity exports totalled HRK 53.2 billion in the first five months of 2021, up by 25.5% on the year, while import increased by 17.5%, to HRK 81.4 billion, the State Bureau of Statistics (DZS) reported on Friday. The foreign trade deficit increased by HRK 1.3 billion to HRK 28.2 billion. Coverage of imports by exports reached 65.4%. Exports to EU countries amounted to HRK 36.1 billion or 23.9% more year-on-year. At the same time imports from EU countries increased by 15.3% to HRK 63.5 billion. Exports to non-EU countries increased by 29.2% to HRK 17.1 billion…