Business

January the 25th, 2021 - Croatian economist Mladen Vedris has discussed tourism, the possibility of Istria leaning far too much on it and Istria's tobacco growing potential which could be a lifeline in these uncertain, pandemic-dominated times. As Novac/Vedran Marjanovic writes, joining the public controversy about changes in the excise system demanded by British American Tobacco as a condition for the survival of its business in Croatia, economist Mladen Vedris appealed to quickly find a new model of excise duty on tobacco in order to preserve tobacco production Croatia. ''I see the issue of BAT and the Rovinj Tobacco Factory…

January the 25th, 2021 - The Croatian Koncar Group wasn't immune to the seemingly endless woes of 2020, but the large company still expects growth this year with the advent of the vaccine and the potential for some form of business and economic normalisation. As Novac/Vedran Marjanovic writes, the Croatian Koncar Group has proven to be resilient to the ongoing coronavirus crisis and even expects revenue growth of ten percent this year, as was announced yesterday by the President of the Management Board of the Croatian Koncar Group, Gordan Kolak. ''The source of growth, first of all, we see in…

January the 24th, 2021 - Will Croatian cafe owners finally be permitted to serve coffee to go as the country's epidemiological measures are reviewed on February the 1st?  As Poslovni Dnevnik/Ana Blaskovic writes, in the coming days, the state will present the new epidemiological measures for the economy after February the 1st in detail, during which consultations will be held with all those whose work has been suspended, such as Croatian faces, according to Labour Minister Josip Aladrovic. "Certainly, as has been the case previous times, there will be consultations with all those who are involved. Of course, there is…

ZAGREB,  23 January, 2021 - The COVID-19 pandemic is perceived as the top business risk in Croatia in 2021, cyber incidents rank second, while changes in legislation and regulations and lack of skilled labour force share the third place, according to the Allianz Risk Barometer. The tenth annual edition of the barometer, issued recently, is based on the findings of a survey conducted by Allianz Global Corporate & Specialty (AGCS) following interviews of 2,769 specialists and experts from 92 countries and territories. Some of the respondents are Chief Executive Officers, risk consultants, underwriters, senior managers, claims experts in the corporate insurance segment of Allianz Global Corporate…

ZAGREB, 21 January 2021  - In 2020, the Croatian lottery company "Hrvatska Lutrija" set aside about HRK 100 million for humanitarian purposes to support relief drives, sporting and cultural events and other good causes, the Zagreb-based company reported on Thursday. Last year, HRK 315 million was distributed in prizes, and the the highest amount of the prize, HRK 75 million, was claimed in the Eurojackpot game, while HRK 57 million was distributed in prizes in the Loto 7 game. According to the company's statistics, January was the most fortunate month for participants in the Hrvatska Lutrija games, as seven big prizes…

January 21, 2021 - A plan to reopen restaurants and cafes in Croatia was leaked on Wednesday. The Croatian Caterers Association has responded. The Croatian Caterers Association said that the hospitality sector's final decline, directed by the Civil Protection Headquarters, is underway. According to them, the first outlines of the working document, which contains a general proposal of reopening within the catering and tourism sector, have been leaked. Sources close to the Headquarters claim that the first in line to open are those they believe have coped best with the overall situation, alluding to hotels, reports Index.hr.  "The first outlines of the working…

ZAGREB, 20 January 2021 - Agriculture Minister Marija Vučković said on Wednesday that serious structural and strategic matters needed to be resolved to make long-term development of mandarin production in the Neretva valley possible, adding that that won't be possible without producers amalgamating. Minister Vučković is today staying in Dubrovnik-Neretva County. In Pojezerje and Ploče she met with local and regional government representatives, local agricultural producers, and buyers. After the meeting, she said that there were 1,700 farms in that small area, most of which were working with mandarins, which was monoculture farming and an excellent precondition for grouping together.…

January the 20th, 2021 - The US Government has changed, and with Joe Biden as the new president, the Croatian Chamber of Commerce's Ivan Barbaric has looked at precisely which questions must be answered, and which issues must be solved by the countries on either side of the vast Atlantic. As Poslovni Dnevnik writes, the change of Government in the USA could pave way to an additional impetus to the economic relations between Croatia and the USA, and so far the highest priority is to solve the problem of double taxation and abolish visas for Croatian citizens, the Croatian Chamber…

January 18, 2021 - Rimac Automobili has announced that they are advancing towards the C_Two series production this year. Index.hr reports that the pre-series production phase began in December. "Eyes on the future. With the start of the pre-series vehicle production in December, we are advancing towards the series production of the C_Two in 2021. The pre-series cars will have a fit and finish, drivability, and reliability that is nearly production-ready. They will be used for further minor tweaks, homologation tests, durability tests, trim experimentation, NVH tweaking, and global product evaluation. It’s an important year ahead of us. We appreciate your…

January 16, 2021 – Just as the white stone of Croatia was once exported globally to help build some of our most iconic buildings, Varazdin solar panels will be used atop the domes of one of the contemporary world's biggest businesses - the Google Data Centre in California From the statues of Ivan Meštrović to the white stone of Dalmatian mines (like the famous one that still works on the island of Brac), Croatia has a long history of exports within the fields of aesthetics and architecture. A whole new eco-friendly tag is now being added to that reputation as…