Business

June the 13th, 2021 - Croatian producer prices have risen by as much as 7.6 percent, quite a significant bit more than the ECB's initial predictions would have suggested. As Marina Klepo/Novac writes, back in May, Croatian producer prices rose by as much as 7.6 percent when compared to the same month last year, according to the CBS. This is the third month in a row that a significant increase in the price of products supplied by Croatian producers has been recorded; in April, annual prices increased by 5.8 percent, and in March they rose by 3.5 percent. However, when energy…

June the 12th, 2021 - Croatian export results are looking promising so far this year, with the first four months of 2021's results overtaking those from pre-pandemic 2019. It's no surprise that the pharmaceutical industry has done exceptionally well. As Poslovni Dnevnik/Marija Brnic writes, it was expected that Croatian export results would be higher in March and April than they were last year, when the economy in all major markets stopped due to the lockdown and trade flows were interrupted. However, the latest preliminary data from official statistics show something unexpected - that a record export year has begun in…

June the 12th, 2021 - It might come as an enormous surprise to many who are used to reading about Croatia's troubles when attracting and indeed keeping hold of foreign investments, but it seems that the German investor impression of Croatia has dramatically improved of late. Many would choose to invest in Croatia once again. As Poslovni Dnevnik/Marija Brnic writes, as written above, the perception of Croatia in the eyes of German investors has improved significantly - unlike two years ago, when almost half of them were absolutely sure they wouldn't decide to invest in Croatia again. According to the…

June the 11th, 2021 - Where would the Croatian capital of Zagreb be on a list of cities for doing business? Despite the city having attracted a lot of foreign business over more recent years, particularly since Croatia joined the EU back in 2013, it still holds an unenviable position. As Poslovni Dnevnik/Ana Blaskovic writes, if entrepreneurs and business owners could choose anywhere in the world to start up a business, the Croatian capital city of Zagreb would be the 72nd choice of 75 cities. Unimpressive indeed. In a competition of 200 global capitals, Zagreb was shortlisted according to the…

ZAGREB, 10 June 2021 - The Croatian ministry of tourism and sport has adopted three ordinances about the reduced tax burden and tax exemption, which would enable businesses in the tourist trade to have 118 million more kuna at their disposal. The changed regulations about the exemption from payment of some of the accommodation surcharge lump sum and membership fees for the local tourist boards were published in the Official Gazette on Thursday. Minister Nikolina Brnjac says in a press release that she is sure that this tax relief in the amount of 118 million kuna "will definitely facilitate the efforts of hotels,…

ZAGREB, 10 June 2021 - The Adriatic Gate Container Terminal (AGCT) handled two million twenty-foot equivalent units (TEU) at the Brajdica Terminal in Rijeka in the last ten years since it became a member of the International Container Terminal Services, Inc., the AGCT reported on Thursday. The Adriatic Gate Container Terminal (or the Jadranska Vrata in the Croatian language) recalls that in April 2011, the International Container Terminal Services (ICTSI) became the majority owner in this Croatian company specialized in operating container cargo. The results in the last ten years have proved the success of the public-private partnership with the Port of Rijeka, the Port of Rijeka Authority, and…

ZAGREB, 9 June, 2021 - The main Zagreb Stock Exchange (ZSE) indices rose on Wednesday for the second day in a row amid modest trading. The Crobex gained 0.43% to reach 1,958.03 points, its highest level in nearly a month, while the Crobex10 rose by 0.56% to 1,210.84 points, its highest level since the end of February 2020. Turnover at the close of the trading session was HRK 4.5 million, about 600,000 higher than on Tuesday. None of the stocks passed the turnover mark of one million kuna. A total of 35 stocks traded today, with 14 of them registering share…

ZAGREB, 9 June, 2021 - Over the next five years, the Podravka Group plans to invest about HRK 5 billion in the modernisation and digitalisation of production and logistics, marketing and acquisitions, the group said on Wednesday after the Supervisory Board green-lighted its business strategy until 2025. "The implementation of the adopted strategy includes investment of about HRK 1.7 billion in the modernisation and digitalisation of production and logistics processes, about HRK 1.4 billion in marketing to achieve organic growth, and about HRK 2 billion for acquisitions," Podravka said in a statement. The group's Food division will focus on product and…

June 9, 2021 - Restaurant and bar owners are looking for extended working hours in Croatia during EURO 2020, beginning on Friday, June 11.  The first extended weekend, better epidemiological situation, and the sun brought a smile to the faces of tourism workers after a long time. In Split-Dalmatia County, there were 75 thousand overnight stays and 17 thousand arrivals. While the numbers aren't quite like before, there is a reason for optimism and hope for a successful season, writes HRT. About 4,000 domestic and foreign guests were resting in Split last weekend, and 8,000 passengers traveled through the airport…

June the 9th, 2021 - Croatian bus companies running along county and inter-county lines have been suffering tremendously throughout the pandemic, and despite the state insisting on getting involved to relieve the pressure, nothing has happened. As Poslovni Dnevnik/Darko Bicak writes, although after a three-year delay this spring, a decision has finally been made to regulate the public road passenger transport service, Croatian bus companies running along the aforementioned lines warn that nothing is still happening. As was stated in the open letter sent to the Prime Minister by the Croatian Employers' Association (HUP) and the Federation of Independent Trade…