Business

ZAGREB, 29 April (Hina) - The Croatian government expects the national economy to rise at a rate of 5.2% in 2021, which is 0.3 percentage points more than its previous forecast, the government said at its meeting on Thursday when it adopted the 2022-2024 Convergence Programme. Economic activity is expected to pick up at a rate of 6.6% in 2022. The Convergence Programme is a document that is adopted on a regular basis in dialogue with the European Union's institutions as part of the European semester. This year's document also deals with macroeconomic, fiscal and other economic effects of the draft National Recovery and…

April the 29th, 2021 - Seasonal workers would usually be being called to action, so to speak, as Croatian tourism prepares for another busy summer full of tourists, flights, cruise ships and ferry crossings. With the coronavirus pandemic still holding the world in its grip, will there be a need for seasonal workers in Croatia at all in 2021? As Poslovni Dnevnik/Marija Crnjak writes, at this moment in time, nobody really knows how many seasonal workers in Croatia will be needed this year, although it is clear that the maximum of 10 thousand seasonal employment positions won't be filled, which was…

ZAGREB, 28 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices declined on Wednesday amid modest trading, with the Crobex dropping by 0.71% to 1,886 points and the Crobex10 decreasing by 0.35% to 1,173 points. With regard to sectoral indices, only the food index saw an increase, of 0.02%, while the construction index saw the biggest decline, of 3.55%. Today's regular turnover amounted to HRK 3.7 million, about HRK 100,000 more than on Tuesday. The preferred share of the Adris tourism and insurance company generated another HRK 2.05 million in block trading, closing at HRK 407 per share. The…

April the 28th, 2021 - The Adriatic sea is full of resources for a very good and very healthy meal, and several Istrian companies decided to embark on projects showcasing the best of what the rich Adriatic sea has to offer. As Poslovni Dnevnik/Darko Bicak writes, although Istria is perhaps best known for tourism and for its tobacco and construction industries, and more recently for technology, beautiful Istria County is increasingly focusing on the development of its local fisheries and aquaculture. One of those Istrian companies in the sector is S.I.C. from Visnjan, which wants to expand its fish processing…

ZAGREB, 27 April, 2021 - The Crobex index of the Zagreb Stock Exchange (ZSE) went up on Tuesday for the fourth trading day in a row, closing above 1,900 points for the first time since February 2020, while trading remained modest. The Crobex increased by 0.27% to 1,900.52 points, while the Crobex10 slipped by 0.03% to 1,177.83 points. Today's regular turnover was HRK 3.6 million, which is about HRK 600,000 less than on Monday. The only stock to cross the one million kuna turnover mark was the Atlantska Plovidba shipping company with a turnover of HRK 1.35 million. Its price…

April 25, 2021 - The president of the International Automobile Federation Jean Todt visits Rimac Automobili. Sportske Novosti reports that the president of the International Automobile Federation, Jean Todt, arrived at the World Rally Championship Croatia Rally, which is being held in Croatia this weekend. The first man of the FIA, whose decision was crucial for Croatia's entry into the WRC calendar, shared his first impressions. "Maybe we should ask people who have been involved in the organization and implementation of the rally from the beginning, but according to what I heard from the participants of the race, the impressions…

April the 25th, 2021 - The Croatian AD Plastik Group has managed to contract new jobs totalling more than 17 million euros with an automotive giant despite the ongoing coronavirus crisis which is continuing to dampen business across the world. As Poslovni Dnevnik/Suzana Varosanec writes, the Croatian AD Plastik Group is a highly successfully multinational company with eight production sites across five countries. It is also one of the leading Eastern European companies for the development and production of components for car interiors and exteriors. The company's already extensive business book is continuing to record positive changes in the form…

April the 24th, 2021 - Vertiv has a new production plant worth a massive ten million euros at their disposal, and it is as impressive as it is costly. The Rugvica data centre equipping plant is set to open many a door in Croatia, especially in terms of the employment of engineers. As Poslovni Dnevnik/Lucija Spiljak writes, on Thursday, Vertiv opened the doors of their brand new Rugvica data centre plant worth 10 million euros. For this leading IT and telecom infrastructure provider, whose technology drives some of the world's best data centres, this investment is a response to the…

ZAGREB, 23 April, 2021 - The main Zagreb Stock Exchange indices increased mildly on Friday with the Crobex increasing by 0.20% to 1,887.11 points and the Crobex10 closing at 1,173.79 points, up 0.1%. Indices closed the week in different directions, and the Crobex was up 0.45% while the Crobex10 was 0.22% weaker on the week. Regular turnover on Friday amounted to HRK 6.5 million which is about two million less than on Thursday. The only stock to cross the million kuna mark was the Atlantska Plovidba shipping company with a turnover of HRK 1.6 million. Its shares increased by 3.83% to…

ZAGREB, 23 April, 2021 - The Croatian Telecom (HT) telecommunications company's General Assembly on Friday decided that it would pay its shareholders a dividend of HRK 8 per share of its 2020 profit. The assembly determined that HT generated a net profit of  HRK 703.8 million in 2020 and that of that amount HRK 641.9 million shall be paid out as dividend to shareholders, in the amount of HRK 8.00 per share. Part of the net profit or HRK 61.9 million shall be allocated as retained earnings. The dividend will be paid out to all shareholders that are registered at the Central Depository & Clearing Company (SKDD) on…