Business

ZAGREB, 4 May, 2021 - The Zagreb Stock Exchange (ZSE) indices -- the Crobex and Crobex 10 -- on Tuesday increased 0.57% to 1,916 points and 0.35% to 1,191 points respectively, closing at a record high since the end of February 2020.  Broken down by sector, the transport index saw the biggest increase of 4.62%, whereas the industry index slid by 1.13%. Today's regular turnover totalled HRK 8.75 million, 2.5 million less than on Monday. In terms of the volume of trading, the Atlantska Plovidba shipping company was the top performer, with HRK 2.35 million. Its share price jumped 12% to…

May the 3rd, 2021 - The Croatian hospitality industry has taken an incredibly heavy blow from the ongoing coronavirus pandemic as travel for leisure has been made either illegal or significantly more difficult, and bars and restaurants haven't even been able to open their doors to serve the local populations. It seems that getting the staff will be the next big obstacle the sector has on the cards. As Poslovni Dnevnik writes, more than 11,000 waiters from across the Republic of Croatia have left their jobs and their sector due to the pandemic and the intermittent and draining lockdowns. Some…

May the 3rd, 2021 - Croatian bus companies are continuing to struggle as the pandemic goes on, with much needed help and the necessary contracts still having not been dealt with properly. As Poslovni Dnevnik/Darko Bicak writes, although the Road Transport Act, which is known to the public for its current regulation of the taxi market, also regulated the market of Croatian bus companies operating along public intercity transport lines, but only a recent Government Decree has revived this regulation in real practice. With its regulations, Croatia has taken on the European Union (EU) practice of determining communal regular transport,…

ZAGREB,  2 May 2021 - Glovo, an on-demand courier service that purchases, picks up, and delivers products ordered through its mobile app, has delivered more than 9 million products in the first two years of its operation in Croatia, the Glovo Croatia company reported recently. In 2019, the first Croatian city where it started doing business was Zagreb, and currently Glovo operates in 11 more cities in the country: Split, Osijek, Zadar, Rijeka, Slavonski Brod, Sisak, Pula, Karlovac, Varaždin and Velika Gorica. One in five Croatians has downloaded Glovo app According to the company's data, one in five Croatians have downloaded the Glovo application,…

May the 2nd, 2021 - Croatian startups are becoming more and more well known on the international scene as the great minds this country continually produces take to the world stage in various entrepreneurial and innovative forms. The Croatian startup Revuto is just one of them, and it is aiming to become the name to hold the fifth highest startup investment this year. As Bernard Ivezic/Novac writes, the Croatian startup Revuto has announced that it is entering an investment round with which it aims to become the holder of the fifth largest startup investment this year. The company's ambitious plan…

May 1, 2021 - A map of the Split-Dalmatia County development projects for better project visibility.  Jutarnji List reports that numerous development projects have been started and largely completed in the Split-Dalmatia area in recent years. Through its administrative departments and institutions, the county has actively and constantly invested in the balanced development of the county through several most essential categories. Split-Dalmatia County has the most local governments, with as many as 16 cities and 39 municipalities, including county projects and investment programs. For better project visibility, and in cooperation with the Public Institution RERA S.D. as the regional coordinator…

ZAGREB, 30 April, 2021 - The Podravka Group generated a net profit of HRK 105.2 million in the first quarter of 2021, an increase of 15.6% over the same period in 2020, the Koprivnica-based food company said in a financial statement on Friday. Sales revenue amounted to HRK 1.08 billion or 12.1% less compared to the same period last year. Podravka said that the decrease in revenue had been expected and was in line with business plans. "The expected fall in sales revenue compared to 2020 was due to the unusual withdrawal of goods from buyers and extra stocks created in March last…

ZAGREB, 30 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices ended mixed on Friday, with the Crobex decreasing by 0.03% to 1,893.51 points and the Crobex10 increasing by 0.02% to 1,177.94 points. Turnover at the close of the trading session was HRK 10.1 million, about 500,000 less than on Thursday. The highest turnover, of HRK 1.4 million, was generated by the Končar Electrical Industry stock. Its price remained unchanged at HRK 715. Only two more stocks passed the turnover mark of one million kuna. The stock of the Maistra hotel company turned over HRK 1.3 million, ending the…

ZAGREB, 29 April, 2021 - Most banks in Croatia still do not see climate change as a serious threat to their business, a survey carried out by the Croatian National Bank (HNB) showed on Thursday. The survey was presented as part of an online conference called "The Role of Banks in Greening Our Economies", organised by the HNB and the European Bank for Reconstruction and Development (EBRD). The survey, carried out among 20 Croatian banks, showed that the banks did not see climate change as an immediate and serious threat to their business. Only one bank said that climate change…

ZAGREB, 29 April, 2021 - INA posted the net profit of HRK 50 million in the first three months of 2021, according to the latest quarterly financial report released by this leading Croatian oil group on Thursday. For the sake of comparison, in the Q1 2020, INA registered a loss of HRK 178 million. In the first three months of 2021, the group's revenues totalled HRK 4.17 billion, rising by 0.6% on the year, whereas the expenditures contracted 19.7% to 4.11 billion kuna. The statement reads that "the beginning of 2021 was marked by a more favorable external environment compared to 2020, which…