Business

July the 5th, 2021 - Enosophia is the first wine available here on the Croatian market with an interactive AR label and an aim to properly position Slavonia among the top wine regions. As Poslovni Dnevnik writes, Enosophia is the new face of the Croatian wine scene, a new brand from the Slavonian winery Feravino, which was presented to the public in the Zagreb restaurant La Grma. Enosophia, which in Greek means the wisdom of wine (from the words enos = wine and sophia = wisdom) is said to have originated as a result of development based on a long tradition,…

July the 3rd, 2021 - Vaccination against the novel coronavirus, SARS-CoV-2, although not mandatory, might well be required before companies can receive Croatian economic aid if it can be implemented constitutionally. As Poslovni Dnevnik writes, Prime Minister Andrej Plenkovic stated that he thinks it would be fair that in a time of crisis, when the state provides vaccines and salaries for the normal functioning of the entire system, for everyone to make some form of small contribution to the effort. "If someone is going to be a beneficiary of the Croatian economic aid, let's say job preservation support, then it…

ZAGREB, 2 July 2021- In April 2021, industrial turnover was up by 1.3% on the month and by 40.6% on the year, according to the Croatian Bureau of Statistics. Year on year, industrial turnover increased by 28.9% on the domestic and by 58.1% on the foreign market. The sale of durable consumer goods saw the highest increase, by 124.5%, followed by capital goods (+85.5%), energy (+79.3%), intermediate goods (+33.2%) and non-durable consumer goods (+16.8%). Industrial turnover has been increasing annually since the start of the year, except in February, when it fell by 7.7%. It went up by 1.7% in…

July the 2nd, 2021 - The first issuing of some Croatian bank bonds on the international capital market has proven successful, seeing the popular Erste Bank take another brave step forward at both the national and the EU level. As Poslovni Dnevnik writes, these Croatian bank bonds were issued with an annual interest rate of 0.75 percent and a yield to maturity of 0.835 percent. With the realisation of this transaction, Erste Bank made an additional step forward and added its first international euro bond to its existing securities in circulation on the Croatian capital market. This made it the…

July the 2nd, 2021 - The Digital Menu Master F&B is something brand new here on the Croatian market, and intends to make life easier and more fulfiling for both the Croatian catering industry and guests. As Poslovni Dnevnik/Marta Duic writes, representing a true novelty here on the Croatian market, the Digital Menu Master F&B application (Food and Beverage) promotes digitalisation in the HoReCa sector. The team behind this idea is successfully conquering foreign markets and working on new applications and ideas intended for caterers. “Our job is digitisation in HoReCa channels, primarily the digital menu with which we started…

ZAGREB, 30 June, 2021 - The main Zagreb Stock Exchange indices dived significantly on Wednesday, slipping for the third day in a row, however they managed to end June in the green and doubled their increase since the start of the year. The Crobex dropped by 0.78% to 1,980 points while the Crobex10 fell by 0.67% to 1,218 points. Both indices closed in the red for three days running now. This however, is the fourth week that indices have increased and they have ended the month in the green. The Crobex is 2.5% stronger month on month and the Crobex10 is…

ZAGREB, 30 June, 2021 - The current account of the balance of payments ran a deficit of €1.36 billion in the first quarter of 2021, thus narrowing the gap by €23.3 million or 1.7% from the same period of 2020, according to figures the Croatian National Bank (HNB) released on Wednesday. A surplus on the capital account increased by 20.9% or €45 million in Q1 to €260 million. As a result, the balance of payments of the current and capital accounts in Q1 generated a deficit of €1.1 billion, which is €100 million less than in the corresponding period in…

June the 30th, 2021 - A new Croatian tobacco producer's association has been formed with the aim to better the overall conditions of Croatian tobacco production. As Poslovni Dnevnik writes, the goal of establishing this association is to gather together the country's numerous tobacco producers in as many numbers as possible, because the association's iniators believe that better association will provide their members with better and safer conditions for tobacco production. ''We want a secure future for our investments and our work in production,'' stated Mihael Colak, the president of Tabacum, a new association of Croatian tobacco producers which, as…

ZAGREB, 29 June, 2021 - The main Zagreb Stock Exchange indices slipped mildly on Tuesday, falling for the second day in a row, with investors focusing on the Adris tourism and insurance group's stock. The Crobex decreased by 0.28% to 1,996 points and the Crobex10 fell by 0.24% to 1,226 points. Regular turnover amounted to HRK 5.8 million, about 2 million less than on Monday. An additional HRK 5.4 million was generated in block transactions, with the HT telecommunications company generating a turnover of HRK 3.34 million and the Končar Electrical Industry generating HRK 2.04 million. HT shares closed at HRK 186.5…

ZAGREB, 29 June, 2021 - Croatia's economy will grow by 6% in 2021, the European Reconstruction and Development Bank (EBRD) says in its forecast on Tuesday, almost doubling its previous estimate in anticipation of vaccination against COVID-19 and tourism recovery. In October 2020 the EBRD forecast that Croatia's economy would grow by 3.5% in 2021. In 2020, marked by the coronavirus pandemic, Croatia's GDP dropped by 8.4%, slightly less than the EBRD had forecast last autumn. The latest forecast shows that by the end of 2021 the economy will contract by 2.9% compared to the pre-pandemic year 2019. In 2022 the growth…