Business
Friday, 9 April 2021
Croatia's Industrial Producer Prices Up After a Year
ZAGREB, 9 April, 2021 - In March 2021, producer prices of industrial products increased by 1.5% compared to February 2021 and by 3.5% compared to March 2020, the Croatian Bureau of Statistics said on Friday. On the domestic market, producer prices increased by 1% compared to February 2021 and by 3.2% compared to March 2020, while on the non-domestic market they increased by 2% compared to February 2021 and by 3.8% compared to March 2020. In March 2021, as compared to February 2021, prices of energy increased by 4.3%, prices of durable consumer goods by 1.5%, prices of intermediate goods by 1.3%, prices of non-durable consumer goods…
Thursday, 8 April 2021
Zagreb Stock Exchange Indices, Turnover Up
ZAGREB, 8 April, 2021 - The Zagreb Stock Exchange (ZSE) indices on Thursday continued rising and the stock market saw a turnover of HRK 12.5 million, of which HRK 6.2 million was generated by a block transaction with Atlantic Group shares. The Crobex rose by 0.35% to 1,887.88 points and the Crobex10 by 0.21% to 1,185.88 points. The main indices rose for the second consecutive day, reaching their new highest levels since the end of February 2020. Regular trading amounted to HRK 6.3 million, 2.8 million more than on Wednesday. Another 6.2 million was generated in a block transaction with Atlantic Group…
Thursday, 8 April 2021
Croatia is Only in Top 5 EU Markets for Slovenia - For Their Products
April the 8th, 2021 - In the entire European Union (EU), the Republic of Croatia has found itself in the top 5 EU markets, and for their exports, to neighbouring Slovenia only. As Poslovni Dnevnik/Marija Brnic writes, when it comes to the European Union's foreign trade relations, last year was marked by the emergence of China as the very first partner, a place from which it pushed the United States, the bloc's traditional main partner in the exchange of goods. According to Eurostat, goods worth 383 billion euros were imported into the European Union from China last year, and 203 billion…
Wednesday, 7 April 2021
Zagreb Stock Exchange Indices Rise Amid Modest Turnover
ZAGREB, 7 April, 2021 - The Zagreb Stock Exchange (ZSE) indices rose on Wednesday amid a modest turnover, totalling only HRK 3.5 million. The Crobex went up 0.30% to 1,881.26 points and the Crobex10 rose by 0.48% to 1,183.39 points. Turnover was modest, only HRK 3.5 million, around 2.2 million less than on Tuesday. The most traded stock was the HT telecommunications company, generating a turnover of HRK 281,700, with its price going up 0.31% to HRK 1,605 per share. The ZSE reported that as of 8 April the Dukat dairy producer would no longer be listed on the ZSE. After the transfer of a…
Wednesday, 7 April 2021
Opening of Fascinating New Dugi Otok Hotel to Attract Attention
April the 7th, 2021 - The opening of the doors of a very interesting new Dugi Otok hotel is set to attract a lot of attention despite the ongoing pandemic and the difficulties both business and tourism continue to face. As Poslovni Dnevnik/Marta Duic writes, the brand new Dugo Otok hotel, more precisely Villa Nai 3.3 in Zman, is on course to open its doors on May the 28th this year. The conceptual design of the building was designed by academician Nikola Basic back in 2013, and it was designed on isohypsis, which gives it an unexpected and deeply unusual…
Tuesday, 6 April 2021
Croatia's New Car Sales in March Up 53% Year-Over-Year
ZAGREB, 6 April, 2021 - A total of 4,165 new passenger cars were sold in Croatia in March 2021, an increase of 52.9% on the same month of last year, according to the data provided by the Promocija Plus market research agency. The increase in sales is seen as the result of a more favourable buying environment than last spring when the country was under tighter restrictions to contain the coronavirus outbreak. In the first three months of this year, Volkswagen sold the most new cars in Croatia - 1,810, accounting for 17.2% of total sales. It was followed by…
Tuesday, 6 April 2021
Zagreb Stock Exchange Indices Close in Red
ZAGREB, 6 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices broke a positive streak on Tuesday, with the Crobex decreasing by 0.05% to 1,875.57 points and the Crobex10 by 0.17% to 1,177.76 points. Turnover at the close of the trading session was HRK 5.7 million, about 1.4 million higher than on Thursday, the last trading day before the Easter break. None of the stocks passed the turnover mark of one million kuna. The highest turnover, of HRK 777,200, was generated by the Valamar hotel company, whose stock fell by 0.35% to HRK 28.80 per share. A total of…
Tuesday, 6 April 2021
IMF Revises Down Growth Forecast for Croatian Economy For 2021
ZAGREB, 6 April, 2021 - The International Monetary Fund (IMF) has revised down its growth forecast for the Croatian economy for this year from 6.0% to 4.7%, expecting a pickup in economic activity and a return to the pre-pandemic level in 2022. The Croatian economy contracted by 9.0% in 2020, the IMF said in its World Economic Outlook on Tuesday, reaffirming its forecast from last autumn. The national economy is expected to grow by 5.0% in 2022 and thus exceed the pre-pandemic growth level. The IMF included Croatia among the emerging European economies that are expected to record the highest…
Tuesday, 6 April 2021
Marko Rubelj Croatian Project Underway as Luxury Zagreb Building Emerges
April the 6th, 2021 - The very first Marko Rubelj Croatian project is located close to the very heart of the City of Zagreb. The building will be one of the most luxurious and resistant buildings in the entire country. As Poslovni Dnevnik/Suzana Varosanec writes, prestigious property in unique locations in the market context has never been endangered, and a new example in which this is confirmed once again is the luxury new building in Zagreb, the very first Marko Rubelj Croatian project. In addition to being the fruit of the labour of this entrepreneur, it is also a family project…
Tuesday, 6 April 2021
Croatian Cromaris to Continue Investments in Gazenica Until 2023
April the 6th, 2021 - The Croatian Cromaris is set to continue investing in its plant located at Gazenica (Zadar) until the year 2023, regardless of the unfavourable economic circumstances caused by the ongoing pandemic. As Morski writes, one whole year has passed since the decision of the Zadar City Council to make other changes to the Urban Development Plan, which, way back in 2000, was aptly called the "UPU Ferry Terminal". Apart from the remarks which could be heard back during the public debate from the Local Arbanasi Board, the changes to the Urban Development Plan, which were allegedly…
Monday, 5 April 2021
Gambling and Betting Businesses Double Their Revenue in 10 Years
ZAGREB, 5 April, 2021 - Gambling and betting businesses in 2019 generated HRK 4.1 billion in revenue, which is 114.6% more compared with 2010, when HRK 1.9 billion was generated, according to data from the Financial Agency (FINA). In 2019, there were 70 gambling and betting businesses, their revenues totalled HRK 4.1 billion and their expenses HRK 3.2 billion. The profit of those businesses amounted to HRK 799.1 million in 2019 and their losses to HRK 71.7 million, resulting in a net profit of HRK 727.4 million. FINA's data show that over 10 years, gambling and betting businesses operated at…
