Business

ZAGREB, 8 June, 2021 - The main Zagreb Stock Exchange (ZSE) indices increased on Tuesday amid modest turnover, with the Crobex going up by 0.37% to 1,949.56 points and the Crobex10 by 0.31% 1,204.12 points. Today's regular turnover was about HRK 3.9 million, about HRK 2.7 million lower than on Monday. An additional HRK 2.8 million was generated by block transactions with shares of the HT telecommunications company. The stock of the HT company was also the only one to cross the one million kuna turnover mark in regular trading. It generated a turnover of HRK 1.1 million, and the…

June 8, 2021 - Illegal construction on Čiovo near Trogir was stopped in just two days, a rare occurrence in The Beautiful Croatia.  It seems that the efficiency of the state authorities' reaction to the devastation and construction without a permit on the maritime domain is finally visible, as illegal construction on Čiovo Island was stopped in just two days!  Namely, construction without "paperwork" in Arbanija was stopped in what seems like record time, and, as Slobodna Dalmacija finds out, Polish citizens were in focus.  The disputed interventions were reported to the county application "Pomorsko je dobro". Everything was forwarded…

ZAGREB, 8 June, 2021 - Nine percent of Europeans and seven percent of Croatians have been misled into buying counterfeit products, according to a survey released by the EU Intellectual Property Office (EUIPO) on Tuesday. The study, entitled "European Citizens and Intellectual Property", shows that consumers find it difficult to distinguish between genuine and fake products. Nearly one in ten Europeans claimed that they were misled into buying counterfeits, but there were considerable differences between EU member states. 19% of Bulgarians, 16% of Romanians and 15% of Hungarians said they were deceived, compared to 2% of Swedes and 3% of…

ZAGREB, 6 June, 2021 - The Golden Basket for the best retailer in 2020 was awarded to the Konzum retail chain, Cromaris was the best producer, and Zagreb's Plac.hr was the best small retailer, the Ja Trgovac website said earlier this week. The award ceremony for the Golden Basket, an annual award for best achievements in the retail sector and consumer goods industry, was organised by the Ja Trgovac website and magazine. The DM Drogerie Markt won the Golden Basket for socially responsible company of the year, Datalab was technology supplier of the year, and product of the year was Argeta's…

ZAGREB, 6 June, 2021 - Entrepreneurs expect local authorities to cut costs, downsize the number of employees in the administration, reduce administrative burden and utility fees, a survey by the Croatian Employers' Association (HUP) has shown. In May, HUP carried out a survey among its members with the aim of examining what entrepreneurs expect from representatives of local and regional government in the coming period. Nearly 200 companies from all over Croatia, which employ more than 14,000 people, have responded to the survey, HUP said on Tuesday. In the survey, local goverment received a weak grade  (D), which indicates less than satisfactory performance. Top…

ZAGREB, 6 June, 2021 - Online Vacancy Index (OVI) for May 2021 is several times higher compared to May 2020, and comparison with May 2019 shows that labour demand was about 1% higher compared to the pre-pandemic level, the Zagreb Institute of Economics (EIZ) said last Tuesday. From the perspective of OVI index, the labour market has been showing clear signs of recovery from the crisis caused by the COVID-19 pandemic for the third consecutive month, the EIZ said. OVI index for May 2021 is many times higher than in the same month last year, but in May 2020, the…

June 5, 2021 – The Croatian real estate market is very interesting and full of good investment opportunities. Many potential buyers were expecting prices to go down significantly during 2021, but is this really happening? A look at real estate in Croatia.  Croatian economy has been going through turmoil in the last year. While the pandemic is wreaking havoc on the travel and tourism industry, devastating earthquakes in Zagreb and Central Croatia caused even more problems and shifts in the local economy. Incredibly, the traditionally volatile real estate market in the country doesn’t seem to be going through a serious…

ZAGREB, 5 June 2021 - Sberbank CEO Herman Gref has said the Russian bank's goal with Croatian conglomerate Fortenova Group is to increase its value and exit without losses in the next two years, as reported by the Moscow newspaper Vedomosti, the Jutarnji List daily reported on Saturday. Gref was speaking about that at an international economic forum in Saint Petersburg and his announcement that Sberbank will sell its share in Fortenova within two years has been carried by Bloomberg, citing the Russian news agency RIA. Sberbank was the biggest creditor of Croatia's now-defunct conglomerate Agrokor with €1.1 billion and now holds 44%…

ZAGREB, 5 June 2021 - In 2020, the year of the pandemic and two devastating earthquakes, almost 32,000 properties were sold in Croatia, only 3,000 less than in 2019, and the fall mainly occurred along the coast, while almost one in two properties in Istria was bought by foreigners, Večernji List daily said on Saturday. The highest number of flats, about 12,000, was sold in the City of Zagreb and Zagreb County, followed by a little over 10,000 properties sold in the coastal counties and a little over 9,000 in the rest of the country. The rest of the country recorded the…

June the 5th, 2021 - Croatian bicycle exports have shot up as people choose a more active and outdoor-oriented lifestyle as a result of the ongoing public health crisis taking the world by storm. As Poslovni Dnevnik/Marija Brnic writes, the bicycle business is becoming very profitable due to the consumption that exploded with the onset of the pandemic, even causing a shortage on the global market, but European manufacturers, especially Italian ones, are facing a dilemma as to whether to risk things and invest in new capacities, and they are cautious because they estimate that such interest could last two…