Business

ZAGREB, 13 May, 2021 - The main Zagreb Stock Exchange (ZSE) indices dropped by about 0.5% on Thursday, with the Crobex falling for the third day in a row, by 0.47% to 1,937.73 points, and the Crobex10 slipping by 0.51% to 1,195.17 points, down from Wednesday. Regular turnover amounted to HRK 8.7 million or almost two million less than on Wednesday. The most traded stock with a turnover of HRK 3.1 million was the Atlantska Plovidba shipping company. The price of its shares continued to fall for the third day in a row, by 3.18% to HRK 335. The HT…

ZAGREB, 12 May, 2021 - The main Zagreb Stock Exchange (ZSE) indices ended mixed on Wednesday, with the Crobex falling by 0.21% to 1,946.80 points and the Crobex10 gaining 0.10% to close at 1,201.28 points. Turnover at the close of the training session was HRK 10.7 million, about 2 million higher than on Tuesday, and only two stocks passed the turnover mark of one million kuna. The stock of the Atlantska Plovidba shipping company turned over HRK 2.5 million, ending the day at HRK 346 per share, down by 6.49%. The Valamar Riviera hotel company saw its share price rise…

ZAGREB, 12 May, 2021 - The European Union's industrial production stabilised in March following a decline in the previous month, while Croatia's production grew above the bloc's average rate, according to a report released by Eurostat on Wednesday.   In March 2021, the seasonally adjusted industrial production rose by 0.6% in the EU and by 0.1% in the euro area, compared with February 2021. In February 2021, industrial production fell by 1.0% in the EU and by 1.2% in the euro area. In both regions, the recovery was driven by production of non-durable consumer goods, which rose by 2.0% in the EU…

ZAGREB, 12 May, 2021 - During a visit on Wednesday by Prime Minister Andrej Plenković to the British American Tobacco (BAT) factory in Kanfanar, BAT revealed an investment of HRK 200 million in the production of a new category of heated tobacco products (HTP), underlining the importance of the new logistics centre in Rijeka. "By expanding production in Kanfanar and opening a hub in Rijeka, we are continuing with BAT's significant investments in Croatia. With the introduction of production lines for new product categories, Croatia is additionally strengthening its position on the global map of production sites in the tobacco…

May the 12th, 2021 - The Croatian Chamber of Commerce membership which is bothersome to the vast majority of Croatian enterprises who frequently claim that their membership, and as such their fees to the chamber, don't offer them anything in return. As Poslovni Dnevnik/Marija Brnic writes, changes to the law on the Croatian Chamber of Commerce (HGK) which were announced after last week's meeting of coalition partners and Prime Minister Andrej Plenkovic left many astonished. Most of those who had their jaws hit the floor in amazement have been waiting for years for a clear message that Croatian Chamber of…

ZAGREB, 11 May, 2021 - The Zagreb Stock Exchange (ZSE) Crobex on Tuesday fell by 0.45% to 1,950.84 points, thus ending its six-day winning streak. The Crobex10 declined by 0.55% to 1,200.06 points. Today's regular turnover totalled HRK 8.7 million, HRK 6.7 million less than on Monday. Apart from that, an additional five million was generated by a block transaction with shares of the SZAIF fund which changed hands at the price of HRK 22.20. SZAIF shares turned over HRK 1.9 million in regular trading, with a price rise of 11% to HRK 22.20. In terms of the volume of trading, the Atlantska…

ZAGREB, 10 May (Hina) - The Croatian Chamber of Crafts and Trades (HOK) on Monday said that it was starting to pay out one-off aid in the amount of HRK 7,000 per business to more than 200 trades in areas affected by last year's earthquakes. HOK recalled that on 31 December 2020 it launched a humanitarian campaign aimed at collecting funds to help those trades whose premises were damaged in last year's earthquakes relaunch their work. The campaign lasted for three months and included trades from Croatia and abroad, HOK said. Apart from the one-off aid, a part of the proceeds…

*This is a sponsored story* May 10, 2021 - After arranging the western part of the Cres port, with the help of EU funds, the County Port Authority (ŽLU Cres) plans to invest in developing Martinšćica and Valun ports to create preconditions for additional nautical tourism - 93 new municipal connections and an increase in liner passenger vessels. Reconstruction and extension of the port open to public traffic of county importance in the settlement Martinšćica on Cres Island In 2021, ŽLU Cres plans to apply for the reconstruction and extension of the Martinšćica port to the tender of the Ministry…

May the 9th, 2021 - Croatian producers have managed to deliver an excellent result in 2021's first quarter, recording record export figures and surprising growth of 9.5 percent. The ongoing coronavirus pandemic is continuing to throw proverbial spanners in the works for almost everything imaginable, and the global economy is suffering tremendously and in a truly unprecedented way. The Croatian economy, which relies heavily on tourism as it makes up a huge amount of the country's GDP, has been far from immune from the negative trends caused by the measures introduced to try to prevent the spread of the novel…

May the 8th, 2021 - Croatia is very well known for its various fees and infamous red tape, but with the recent aim of relieving Croatian business owners of these burdensome restraints, more and more fee abolitions are being reported. Another fee abolition is set to relieve Croatian business owners of as much as 600,000 kuna in total. As Poslovni Dnevnik/Marija Brnic writes, the Croatian Government submitted a proposal to abolish the obligation to pay administrative fees for intellectual property rights back in an urgent parliamentary procedure and within the context of the country's entry into the European exchange rate…