Business

February the 21st, 2021 - The Rijeka 3 Maj shipyard has had some construction enquiries of late, could the market finally be waking up despite the ongoing coronavirus pandemic? As Novac/Jozo Vrdoljak writes, at a recent session of the Croatian Government, a proposal for a conclusion on the manner of completion of the construction of the ship Novogradnja (Newbuild) 514, which is being built at the Rijeka 3 Maj shipyard, was adopted. The government has instructed the Ministry of the Economy and Sustainable Development, in cooperation with Jadranbrod, to contract the completion of Novogradnja 514 at the Rijeka 3 Maj…

ZAGREB, 20 February, 2021 -  An estimated 200 protesters rallied in the coastal town of Trogir near Split on Saturday, demanding the payment of their belated wages from the Brodotrogir shipbuilding company. About 150 workers in this Trogir-based dock have not been paid in full for months. About 40 of them have not received any salary in the past four months, while about 100 have been given only a third or a quarter of their monthly wage in the last seven months, a protest leader Ljiljan Geić said during the rally. She added that they would send their demands to the Croatian government…

February the 20th, 2021 - The INA-MOL saga has oulived both the Agrokor (remember that?) and the fighter jet purchase sagas, and the Hungarians are now wanting much more than Croatia has to offer in that regard. As Poslovni Dnevnik/Darko Bicak writes, the Hungarian MOL confirmed recently that talks with the Croatian Government about the INA-MOL saga, more precisely on the sale of a controlling stake in INA are continuing, and Bloomberg and Hina both quoted MOL CEO Jozsef Molnar as saying that their views on the price of that stake were "quite far apart". In a recent conversation with…

ZAGREB, 18 February 2021 - Rimac Automobili on Thursday announced the expansion of its international network of partners to key Asian markets thanks to a new relationship with Kingsway Group, a company specialised in the distribution of luxury vehicles and yachts in China. Ahead of the first deliveries of the C_Two next-generation hypercar, Rimac is building a global network of partners. Thanks to the partnership with Kingsway Group, a luxury showroom has been opened in Shanghai, Rimac said on its website. The company has been making electric cars since 2009. "We are very happy to welcome Kingsway Group into our family with their excellent reputation and access…

February the 18th, 2021 - The old Zadar Maraska building which is well known all over Dalmatia and the rest of the country for its representation of 500 years of tradition is soon to become a high category hotel, with construction beginning this autumn. As Morski writes, Zadar Mayor Branko Dukic recently met with the President and Chief Executive Officer of the Turkish Dogus Group Ferit F. Sahenko and his associates. The topic of conversation was the announcement of a new cycle of Dogus Group investments in the Dalmatian city of Zadar. The Dogus Group is well known across Croatia for…

ZAGREB, 17 February 2021 - The Croatian Sugar Industry (HIŠ) company confirmed on Wednesday that this year sugar would be produced only at the Županja sugar factory while the sugar factory in Osijek would cease production after the factory in Virovitica halted production. HIŠ management board chair Željko Zadro said that of the 202 workers of the Osijek Sugar Factory, 81 had already agreed to the termination of their contracts and would receive severance pay. Talks are underway with some of the workers to continue working at the Županja factory, while some 30 workers will continue working in the Osijek factory's warehouse,…

ZAGREB, 17 February 2021 - The Croatian Sovereignists party has put forward a bill of amendments to the Tourist Tax Act and the General Taxation Act to automatically exempt small providers of tourist accommodation from paying 50% of the residence tax and flat-rate tax when special circumstances are declared. The coronavirus pandemic has caused huge losses to the tourism sector and private providers of accommodation have been particularly affected. This year will probably not be any better and can only be worse, the party's leader Hrvoje Zekanović told a press conference on Wednesday. Last year a regulation was adopted exempting private renters from…

February the 17th, 2021 - The Zagreb company Jam Pak is performing excellently despite the economic woes brought about by the ongoing coronavirus pandemic. As Poslovni Dnevnik/Marta Duic writes, this Zagreb company's director, Ante Cevra, founded Jam Pak during his the final year of studies at the Faculty of Graphic Arts, and today he can boast that they cooperate with all major companies across Croatia and are stepping out into more and more export markets. The director of the Zagreb company Jam Pak explained that, in order to maintain their position on the market, even before the pandemic struck, they continuously…

ZAGREB, 16 February, 2021 - The Croatian IT industry grew in 2019 for the fifth year in a row, its revenue rising by 12.4% to HRK 27 billion, but although positive trends are expected also in 2020 and 2021, the sector's growth will remain below that of Europe and the world if IT is not treated as a strategically important sector. This was heard on Tuesday, at an online presentation of an analysis of the IT industry in the period from 2014 to 2019, or the five-year period prior to the crisis caused by the coronavirus pandemic, while figures for 2020 are not…

ZAGREB, 16 February, 2021 - Croatian President Zoran Milanović on Tuesday met with a delegation of the Turkish Dogus Group for talks on its business activities in Croatia and new investments to be launched in the autumn, the Office of the President said in a statement. The business delegation consisted of Dogus Group Chairman and CEO Ferit F. Sahenk, Deputy Chairman Hüsnü Akhan and Regional Director Burak Baykan. The talks focused on Dogus Group's operations in Croatia so far as well as new business opportunities. The delegation told President Milanović that new investments would be launched in the autumn and informed him of…