Business

March the 25th, 2021 - The new CroAsia Institute is set to strengthen and intensify relations between the Republic of Croatia and the vast continent of Asia across numerous fields. As Poslovni Dnevnik/Suzana Varosanec writes, a brand new interdisciplinary project launched with the aim of strengthening cooperation with Asia is the newly opened CroAsia institute, located right here in the Croatian capital of Zagreb. As the first such institution of scientific-educational and business character here in Croatia, the systematic and long-term connection of Croatia and Southeast Europe with China and Asia was set as a primary programme task, and one of…

March the 25th, 2021 - The Zagreb company Bajkmont is going from strength to strength in its expansion, having worked with enormous names such as Mitsubishi, Hitachi and more. As Poslovni Dnevnik/Darko Bicak writes, the European aviation consortium Airbus, Germany's BMW, the Japanese Mitsubishi and the French railways (SNCF) are just some of the big names and regular customers of the Zagreb company Bajkmont, which has just completed a European co-financed project to build its new factory in Rugvica. As Miroslav Bajkovec, Deputy Director of the Zagreb company Bajmont pointed out, this family company has strategically focused its business on several…

March the 25th, 2021 - The Croatian startup Amoda and Croatia Osiguranje (Insurance) have teamed up to offer a driver rating service with rewards to users. As Bernard Ivezic/Novac writes, Croatia Osiguranje, the largest insurer in the Republic of Croatia, was the first to introduce a driver rating here on the Croatian market. On its Laqo mobile app, it has added new functionality that tracks the way a driver drives and then rates it. The brand new service, called LaqoPrevent, is the result of cooperation with the Croatian startup Amoda, which two years ago was named one of the five best…

March 25, 2021 - Split IT experts from Tech Resources offer a travel solution that could facilitate drafting the new digital green certificate and protect citizens' privacy. Slobodna Dalmacija reports that Europe is preparing to introduce digital green certificates, the so-called 'Covid-passport,' and an initiative is coming from Split that could facilitate drafting this document and protect the privacy of citizens. As Secretary of State for Europe Andreja Metelko-Zgombić said at an informal video conference of European ministers on Tuesday, Croatia welcomes the Commission's proposal to introduce digital green certificates aimed at facilitating free and secure movement at the EU level.…

ZAGREB, 24 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices dropped by about 0.5% on Wednesday, with the Crobex decreasing by 0.48% to 1,853.53 points and the Crobex10 slipping by 0.54% to 1,161.91 points. Regular turnover amounted to a mere HRK 3.8 million, about 2 million less than on Tuesday, and not one stock crossed the turnover mark of one million kuna. The highest turnover, of HRK 770,100, was generated by the Atlantic food group. The price of its shares dropped by 0.68% to close at HRK 1,470 per share. (€1 = HRK 7.570356) For more about business in Croatia, follow…

March 24, 2021 - Continuing our look at the foreign entrepreneurs trying to succeed in Croatia as so many are emigrating, meet Ofek Aviv who swapped Tel Aviv for Zagreb. 1. First and foremost, why Croatia, and what is it you do?  My name is Ofek Aviv, and I moved to Croatia almost 2 years ago. My sister was the first one in the family to discover Croatia, she came 5 years ago to study medicine in Zagreb.  I only came to visit her in the summer of 2019 and planned to stay for one week, but I fell in love…

March 24, 2021 - The Rimac Automobili UK office for research and development has opened its doors, Mate Rimac announced on Tuesday when British Minister of State for Tade Policy Greg Hands visited Sveta Nedelja.  T.portal reports that Rimac's R&D office has thus opened in the Warwick Enterprise Park and has plans to employ 30 people by the end of this year. There, the British automotive industry will cooperate with the company's headquarters in Croatia. Mate Rimac announced the news when Greg Hands visited the company's headquarters in Sveta Nedelja. Hands, who watched Rimc's cars at Top Gear, said that…

ZAGREB, 23 March, 2021 - Croatia's economic recovery from the pandemic recession hinges on the tourism sector's recovery, the Standard & Poor's agency said, assessing that recovery and protective mechanisms will offset the risks caused by the pandemic. Croatia's economic recovery from the pandemic-induced recession is within reach as long as tourism picks up, S%P's said in its outlook released on Tuesday. It recalled that Croatia's credit rating is 'BBB-/A-3', with a stable outlook. Impact of COVID-19 pandemic blow to tourism Croatia's economy is expected to expand by 5.1% this year, S&P's said in its latest outlook contracting Croatia's estimated GDP growth by half a percentage point.…

March the 23rd, 2021 - Ivo Usmiani, the founder of Croatia's largest and by far most successful pharmaceutical company has spoken out as issues surrounding the coronavirus vaccine across the European Union continue to dominate, claiming that his company is more than ready to start producing vaccines, but they require the proper licensing first. Problems with the delivery of the ordered amount of vaccines to each EU member state continue to be at the forefront of the ongoing pandemic. The advent of the vaccine was supposed to mark the end of the global pandemic, but with an embarrassingly slow process…

March the 23rd, 2021 - Croatian furniture stores have seen an increase in revenue, but there are a third less of them currently in operation as their numbers have been going down since long before the pandemic struck. As Poslovni Dnevnik/Marija Brnic writes, although the impression is that the number of Croatian furniture stores is constantly growing, Fina's data shows the total opposite. In the last ten years, the number of Croatian furniture stores fell by 37 percent (from 349 back in 2009 to 219 in 2019), and the number of employees in this sector decreased by 16 percent (from…