Business

February 2, 2021 – In an incredibly optimistic signal for the future of Croatian tourism, a huge American investment company has bought the sizeable Croatian property portfolio of Bluesun Hotels / Sunce Hotels. They will entrust management of the facilities to highly-regarded local operator Valamar The acquisition of Bluesun Hotels / Sunce Hotels has been made by an American investment company called KSL Capital. They are investment specialists within the travel and leisure sector. They primarily invest in hotels and resorts, entertainment and sports facilities.Bluesun Hotel Alga, Tučepi, Makarska Riviera According to their website, since they established the company in…

February the 2nd, 2021 - What can be done to help the Croatian bus industry recover and get back to the way it was in pre-pandemic times? Further liberalisation appears to be the key. As Poslovni Dnevnik/Darko Bicak writes, the economic consequences of the ongoing coronavirus pandemic have been most strongly felt by companies in the services sector, especially passenger carriers, as there is neither interest in travelling at all, nor are many countries allowing anything but essential domestic or international travel. As a result, many parts of Croatia, especially rural areas, are almost completely cut off from larger centres…

February the 2nd, 2021 - Croatian Adriatic ports continue to be in a decent position despite the ongoing coronavirus pandemic and the related economic woes. Online trade is also growing, which is something we've seen massive increases of throughout the duration of the pandemic. As Sinisa Malus/Poslovni Dnevnik writes, container transport by rail between China and Europe has greatly increased when compared to last year. It is known that the New Silk Road has been used less frequently for freight transport for years, but it has only recently become a current option due to the new situation in the transport…

February 1, 2021 - Bernard Tkalčec has decided against opening Zlatni Klas today and instead will peacefully protest with Croatian caterers on Wednesday in Zagreb.  Although it was rumored that more than 100 caterers in Zagreb would open their facilities on February 1, or at least start issuing coffee and drinks outside despite the work ban, the protest will not go ahead, as many pulled out after considering the consequences, said the president of the Zagreb Caterers' Association, Franz Letica, by telephone for Hina after their meeting. After announcing that he would open the doors of the Zlatni Klas in Otrovandc…

January 31, 2021 – The planned cafes protest in Zagreb and elsewhere, which was due to see 100 facilities open their doors on Monday 1st February in defiance of the current ban on their operations, has been cancelled. Huge fines and the threat of prison are the reason for the climb down. Minister of Economy and Sustainable Development Tomislav Coric appealed to caterers for patience. The proposed Zagreb cafes protest organised for Monday 1st February has been cancelled. The protest was due to see some catering facilities and gyms open their doors to the public in defiance of the current nationwide…

January the 31st, 2021 - The Osijek company Saponia has begun with the construction of a brand new logistics and distribution centre in Zagreb, aimed at improving business operations in many ways. As Poslovni Dnevnik writes, in early 2021, the Osijek company Saponia will begin building a brand new, modernly equipped logistics and distribution centre that will provide adequate logistical support to the long-term development of its sales and distribution business. Quality infrastructure is a prerequisite for increasing business efficiency for this well known enterprise, and in order to achieve this, two investment projects have been launched - the modernisation…

January the 30th, 2021 - The European Investment Bank is set to intensify its help to Croatian green projects and other similar investments owing to a Memorandum of Cooperation. As Poslovni Dnevnik/Lucija Spiljak writes, a Memorandum of Cooperation between the European Investment Bank Group (EIB) and the Ministry of Economy and Sustainable Development of the Republic of Croatia (MINGO) was signed in Zagreb and in Luxembourg on Thursday, which opens the door to more active support of the EIB Group in the process of developing Croatian green projects and attracting money from a number of funds and financial initiatives of the…

January the 30th, 2021 - Local residents and other visitors to continental Croatia are always in need of some very welcome refreshment and cooling off during the hot summer months. Could Terme Bjelovar be a project that proves worthy? As Poslovni Dnevnik/Darko Bicak writes, local elections are due to be held in Croatia in just a few months, and many projects across numerous Croatian cities and municipalities will be announced in the coming period. Whether Terme Bjelovar will be one of the successful ones could be found out soon. Namely, as was confirmed over recent days by Bjelovar Mayor Dario…

ZAGREB, 29 January, 2021 -  Retail sales in Croatia in December 2020 fell by 3.2% compared to December 2019, falling for the tenth month in a row and even faster than in November, the State Bureau of Statistics (DZS) reported on Friday. According to seasonally adjusted data, consumption in December contracted by 0.8% compared to November and by 3.2% compared to December 2019. Impacted by the coronavirus crisis, it was the tenth month in a row that retail sales had declined, after registering a contraction of 0.7% in November. Retail sales of non-food products in December, excluding motor oils and lubricants, fell by…

January the 29th, 2021 -  In addition to majorly affecting human health and causing untold issues for healthcare systems worldwide, the ongoing coronavirus pandemic has also brought the global economy to its knees. Rijeka Port, however, has become a reserve option for a very important economic role. As Poslovni Dnevnik writes, despite the slowdown in global supply chains and the subsequent global recession, customers ordered products online in record quantities. Chinese manufacturers had to work overtime to deliver all of those orders, and all of that someone had to deliver them all to customers. That's where the problem arose, and…