Business

April the 14th, 2021 - It might be all doom and gloom when listening to stories about doing business here in Croatia, but it can't all be that bleak. The number of Croatian entrepreneurs has doubled in the last 18 years, which provides encouragement that things are improving. As Poslovni Dnevnik/Suzana Varosanec writes, the total revenues of Croatian entrepreneurs generated back in pre-pandemic 2019 reached the impressive amount of 796.1 billion kuna, when compared to way back in 2002, these figures are higher by 403.9 billion kuna, stated the Financial Agency (Fina) in its analysis entitled: "The financial results of…

ZAGREB, 13 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices rebounded on Tuesday, with the Crobex rising by 0.26% to 1,887 points and the Crobex10 by 0.07% to 1,182 points. Turnover at the close of the trading session was HRK 3.45 million, 500,000 lower than on Monday. None of the stocks passed the turnover mark of one million kuna. The highest turnover, of slightly over HRK 500,000, was generated by the stock of the Podravka food company. The price of its share fell by 0.72% to HRK 550. A total of 36 stocks traded today, with 12 of…

April the 13th, 2021 - Croatian Post (Hrvatska posta) has made several changes to how it functions and what it offers over the last year or so, and with the coronavirus pandemic continuing to rage on, they have introduced yet another option for their customers, this time relating to deliveries. As Poslovni Dnevnik writes, Croatian Post introduced a novelty in its service when it comes to the delivery of packages and shipments. Namely, they will begin delivering packages on Saturdays, once a month and as needed. The company's postmen will therefore work on Saturdays in the cities and places where and…

April 13, 2021 - The new Rimac Automobili campus was presented on Monday, set to open in 2023.  Index.hr reports that the manufacturer of electric hypercars and propulsion systems for electric cars, Rimac Automobili, presented the project of its new technologically advanced headquarters, which includes a test track, accommodation facilities, and a museum. According to the statement, Rimac Automobili was created with a vision of creating exciting electric cars and propulsion systems for electric vehicles. In just ten years, they have grown from a garage project to a company that already employs 1,000 people. Today, the company develops and manufactures…

April 13, 2021 - As the largest long-term user of MZLZ services with more than a 50 percent share of its annual passenger traffic, Croatia Airlines is looking for the same terms as the new competitor, Ryanair. A look at the Ryanair agreement at Zagreb Airport and why Croatia Airlines wants in. Following the announcement of the Ryanair base opening at Zagreb Airport (MZLZ), Croatia Airlines, as the largest user of MZLZ services, has asked its partner to harmonize the agreed terms of service with the terms offered to Ryanair, reports HRTurizam. After Zagreb International Airport and Ryanair announced the…

ZAGREB, 12 April, 2021 - Nautical tourism ports generated a total revenue of HRK 812 million in 2020, which was 11.6% less than in the record year 2019, and most of that revenue or 73.3% refers to berth rental, the State Bureau of Statistics (DZS) reported on Monday. Revenue from berth rental in 2020 amounted to HRK 598 million, which is a decrease of 8.2% on the year. Statistics indicate that revenue decreased in all Adriatic counties, with the biggest decrease of 23.3% on the year recorded in Dubrovnik-Neretva County. This was followed by Split-Dalmatia County (-17.4%), Istria County (-15%), Šibenik-Knin County…

ZAGREB, 12 April, 2021 - The volume of retail trade in the EU rose in February 2021 the most in Belgium, Austria and Croatia, while on average Europeans shopped less, shows a Eurostat report released on Monday. In February 2021, the volume of retail trade in the EU dropped by 2.2% compared to February 2020. In January it was down 4.5%. The euro area, too, saw a year-on-year drop in the volume of retail trade of 2.9%, after a 5.2% drop in January. In both the EU and the euro area the volume of retail trade dropped the most for automotive fuels,…

April the 12th, 2021 - Knin is planning on getting business in the area going again with the creation of the new Knin Entrepreneurship Centre, worth over 27 million kuna in total. As Poslovni Dnevnik/Marija Brnic writes, the former complex of buildings of the now-defunct Kninjanka Knin clothing and lingerie factory has been closed and rotting for two decades now, but life should return to this facility by the time next summer rolls around. This is the place where the City of Knin, in partnership with the Local Development Agency Matica and with co-financing from European Union (EU) funds, will…

Apil 11, 2021 - The largest Croatian software company Infobip acquires Split Shift Conference, just after taking over US company OpenMarket. In the next few years, Split will become the center of the world. At least in one thing. The first Croatian unicorn startup Infobip has completed its second acquisition, reports Novac.Jutanji.hr. After a $300 million acquisition of a rival American company, OpenMarket, Infobip has decided to acquire a Croatian company. Namely, they have acquired the largest conference for computer programmers in Southeast Europe, Split Shift Conference. The reason? The largest Croatian software company wants to create the largest developer conference…

ZAGREB, 9 April, 2021 - The Zagreb Stock Exchange's Crobex index went up 0.06% to 1,889.05 points on Friday, while the Crobex10 dipped 0.07% to 1,185.06 points, and regular turnover was only HRK 3.5 million. No stock crossed the million kuna mark and the most traded one was the Valamar Riviera tourism company, turning over HRK 888,000. It closed at HRK 29.50 per share, the same as on Thursday. Forty-one stocks traded today, with 13 increasing in price, 14 decreasing and as many staying the same. (€1 = HRK 7.569904) For more about business in Croatia, follow TCN's dedicated page.