Business

April the 17th, 2021 - The Istria railway lines are set to have a bit of life breathed back into them after a significant period of time. More precisely, the renovation of the part of the Istria railway line from Pula to the Slovenian border is set to begin. As Poslovni Dnevnik/Suzana Varosanec writes, with the signing of the Agreement on the preparation of the study documentation for the reconstruction and modernisation of the railway R101 (Slovenian-Croatian border - Buzet - Pula), new opportunities for the modernisation of this traffic route are being realised. On top of the aforementioned, new…

April the 17th, 2021 - Croatia Airlines has already been dealt a significant blow by Ryanair arriving in Zagreb, but will Croatia Airlines incentive payments, which it has been being paid since long before the coronavirus crisis also pose an issue for the Irish carrier? It seems it could indeed. As Poslovni Dnevnik/Darko Bicak writes, although the EU Court of Justice recently approved the incentives given by Finland, Denmark and Sweden to their respective air operators, Ryanair said it would appeal the ruling because it runs counter to the principles of the European Union and the free market. This largest…

ZAGREB, 16 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices weakened for the third consecutive day on Friday amid modest trading, the Crobex decreasing by 0.19% to 1,878 points and the Crobex10 by 0.28% to 1,176 points. Both indices also ended in the red week-on-week -- the Crobex went down by 0.55% and the Crobex10 by 0.73% Of the sectoral indices, the industrial index saw the biggest decline, of 0.5%, while the construction index was the only one to go up, by 1.53%. Today's regular turnover was HRK 4.9 million, or HRK 600,000 less than on Thursday. The…

ZAGREB, 16 April, 2021 - The Croatian National Bank (HNB) generated a profit of nearly HRK 266 million in 2020, achieving a positive result for the second consecutive year, but the profit was almost three and a half times lower than in 2019, according to the central bank's audited financial statement released on its webpage. For the sake of comparison, the HNB had posted a profit of just over HRK 927 million for 2019. Of last year's profit, HRK 53.2 million was paid into the bank's general reserves and HRK 212.8 into the state budget, in accordance with the Act…

April 16, 2021 - Utility company Pesja in Omišalj operates fully transparently thanks to cooperation with the company Oraclum, owned by famous Croatian economist Vuk Vukovic. Index.hr reports that from today, it will be possible to see all payments from the business account of KD Pesja d.o.o. Pesja, founded by the Municipality of Omišalj, becomes the first utility company in Croatia that will provide citizens with insight into every transaction, i.e., payments to legal entities and individuals, providing citizens with their work and all data on how public money is spent.  Pesja thus sets an example to other utility companies, but…

April 16, 2021 - Making an investment into the private sector a priority is crucial for the National Recovery and Resilience Plan to have a greater impact. Economic Council of the Glas poduzetnika Association supports that claim with a detailed analysis With this press release, we want to bring to your attention the concerning situation in Croatia that might significantly influence the country’s economy and society as a whole. Economic Council of Glas poduzetnika made the analysis of the current National Recovery and Resilience Plan that is due by the end of April. We wanted to propose specific measures and…

April the 16th, 2021 - Yet another beautiful Opatija Riviera hotel is set to be constructed in autumn this year, bringing yet more luxury to this picturesque part of Croatia. As Poslovni Dnevnik/Marija Crnjak writes, although there are still a lot of challenges ahead of this Opatija Riviera hotel project, the construction of a brand new luxury hotel next to the marina in Icici should begin this year. It marks an investment from the Hungarian entrepreneur Lorinz Meszaros worth a massive 50 million euros, which may bring a new global hotel brand to Kvarner. Optimism despite the ongoing coronavirus crisis…

April the 16th, 2021 - The Croatian Jadrolinija ferry company is obtaining yet another used vessel to add to its fleet. To briefly recall, many were unhappy with Jadrolinija's insistence on purchasing only used vessels instead of new ones, but the company has stated that their way limits red tape and is better. As Poslovni Dnevnik/Marija Brnic writes, as mentioned above, the last in a series of public debates, especially in the circles of Croatian shipowners and shipbuilders, about Jadrolinija's policy to modernise its fleet with used ships instead of building new ones, still hasn't gone away. A public procurement…

ZAGREB, 15 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices fell for the second day in a row on Thursday, with the Crobex decreasing by 0.22% to 1,882 points and the Crobex10 by 0.17% to 1,179 points. Turnover at the close of the trading session was HRK 5.56 million, about a million less than on Wednesday. An additional HRK 4.68 million was generated by a block transaction with the stock of the Atlantic food and retail group at HRK 1,560 per share. The only stock to pass the turnover mark of one million kuna was that of the…

ZAGREB, 15 April, 2021 - Strawberry picking season has begun in the Vrgorac area in southern Croatia and the Vrgorac strawberry association told a news conference on Thursday that this year  600 tonnes of high quality strawberries can be expected from local fields. Vrgorac high-quality strawberries will already be available at farmers' markets as of tomorrow the association's president Milan Franić said. According to Franić, about 600 tonnes are expected from this year's yield which will bring in a revenue of HRK 12 million for producers in the Vrgorac area. "We have good weather conditions and will produce a standard quality.…