Business

May the 23rd, 2021 - HBOR representatives have been busy touring a highly successful Rijeka project which it has supported with both capital investments and export activities for years. As Poslovni Dnevnik writes, HBOR representatives, together with the leaders of JGL visited the works on the construction of the Integra 2020 project recently, they also toured its warehousing capacity, which includes three units - one for research and development, one for commercial production and one logistics centre. "HBOR has been successfully supporting us in capital investments and export activities for many years, recognising us as a company with an international…

May the 23rd, 2021 - McDonalds Koprivnica is set to open its doors in that continental Croatian town before Christmas 2021 arrives. When it comes to most tourists in Croatia, the last thing on their mind is grabbing a quick McDonalds when on the way somewhere. Instead dreaming of pizza, cevapi, lamb on the spit, peka, many fish dishes, strukli and the list goes on, and on, then on a bit more. For those of us who live here, though, after the end of a a hectic work day, McDonalds is often more tempting than you'd imagine when the aforementioned…

ZAGREB, 22 May 2021 - PM Andrej Plenković on Saturday expressed satisfaction with Fitch rating agency's having maintained Croatia's rating at BBB- with a stable outlook, saying his government was working to create conditions for economic growth so that this and next year its growth rate could be among the highest in the EU. Fitch Ratings on Friday affirmed Croatia's rating at 'BBB-', with a stable outlook, saying that pressure on state finance linked to the pandemic should be neutralised by economic recovery on the back of tourism and EU support. "We are very happy. The... rating confirms what we have…

ZAGREB, 22 May 2021 - Fitch Ratings on Friday affirmed Croatia's rating at 'BBB-', with a stable outlook, saying that pressure on state finance linked to the pandemic should be neutralised by economic recovery on the back of tourism and EU support. The 'BBB-' rating balances strong structural features, the agency says, singling out better indicators of human development and governance in comparison with countries with a similar rating and higher GDP per capita. The rating is restricted by a high public debt and periods of weak economic growth, in part due to the slow adoption of structural reforms. The stable outlook "weighs large short-term downside risks…

ZAGREB, 21 May 2021 - The Zagreb Stock Exchange Crobex index ended the last trading day of the week by going down by 0.5%, due to a drastic fall in the price of the Dalekovod transmission line producer's shares of 59%.  The Crobex index fell by 0.52% to 1,943 points while the Crobex10 remained stable at 1,200 points. Nevertheless the main indices ended the week in the green, with the Crobex strengthening by 0.18%, increasing for the fifth week in a row, while the Crobex10 increased by 0.6% on the week. Regular turnover amounted to HRK 5.8 million or about one million…

May 21, 2021 - With math seeing more and more appreciation, it's still, quite rightfully, a challenging discipline that not everyone can comprehend. Quality lessons, additional instructions, and motivated lecturers and teachers are the obvious recipe to both help those who struggle with math and those who are good at it to achieve their best possible potential. However, the coronavirus pandemic is still present and is still causing difficulties in the Croatian education system, forcing pupils and professors to switch from online to live lectures or a mix of the two, putting additional pressure on sharing knowledge on any imaginable…

ZAGREB, 20 May 2021 - Croatia's take-home pay in March came to HRK 7,138, rising 6.3% on the year in the nominal terms and five percent in the real terms, according to the data released by the national statistical office on Thursday (DZS). The average wage in March rose by 1.4% in the nominal terms and o.3% in the real terms in comparison to February 2021. The DZS says on its website that "the highest average monthly paid off net earnings per person in paid employment in legal entities for March 2021 were paid off in Information service activities and…

May 20, 2021 - What's it like doing business in the expat village of Split? Monique Laffite shares her trials and tribulations as a female business owner in the Dalmatian capital.  I wanted to start this article with seven Spanish curse words that can easily describe what it is like to be a female business owner in Split, but I’ll leave the profanity to the gossip corner.  Lord knows they are half of the problem. That’s how I felt forced to write this article: pure gossip. So, before you lend your ear to those with the colorful stories about people’s lives, and how…

ZAGREB, 20 May 2021 - A total of 11.3 million passengers were transported in Croatia by all means of transport in the first three months of 2021, which is around 5.2 million fewer passengers or a 31.4% drop from the same period of 2020, while the transport of commodities dropped by 4.5% to close to 28 million tonnes. According to preliminary figures released by the national statistical office, in Q1 the most passengers, 7 million, were transported by bus, a drop of 32% compared to Q1 2020. As for the transport of goods, 18 million of the 28 million tonnes of…

May the 20th, 2021 - The Croatian Fortenova Group and the Cotrugli Business School have teamed up to create a special educational programme to further enhance the professional competence of the Fortenova Group's employees. As Jutarnji list/Novac writes, as part of the programme to improve the knowledge and skills of its employees (DRIVE Beyond Excellence), the Croatian Fortenova Group, in partnership with experts from Cotrugli Business School, has developed the Navigate programme. The programme is designed to strengthen the professional competencies of the Fortenova Group's employees so that they can invest in their own development, the strategic goals of the…