Business
Monday, 18 January 2021
Croatian Government Determines Amount of Individual Aid to Companies
January the 18th, 2021 - The Croatian Government has taken steps to determine the largest amount of state aid which can be paid out to individual companies located/headquartered in the earthquake-stricken areas of central Croatia, more specifically Sisak-Moslavina County. As Poslovni Dnevnik/Marija Brnic writes, with two decisions, the Croatian Government recently took the first steps towards the preparation of a long-term reconstruction of the earthquake-affected areas of Sisak-Moslavina County. At the suggestion of the Minister of Physical Planning, Construction and State Property, Darko Horvat, the renovation of buildings in these areas will be included in the law on reconstruction of…
Monday, 18 January 2021
Croatian Companies Seeking State Aid Doubles in Just Two Months
January the 18th, 2021 - The amount of Croatian companies actively seeking government aid in the form of numerous economic packages designed to retain jobs has doubled in the last two months alone. Despite a much better epidemiological picture in Croatia, with new cases of infection dropping dramatically, many Croatian companies are still struggling to stay afloat in what are very lean times indeed. The winter months are usually more difficult for many, especially those who own businesses operating within the tourism sector, Croatia's strongest economic branch which simply cannot afford to be broken. However, with the coronavirus pandemic still…
Sunday, 17 January 2021
Djuro Djakovic Seeks Strategic Partner Amid Restructuring
January the 17th, 2021 - This year began with a little bit more optimism for the Slavonski Brod-based Croatian company Djuro Djakovic, unlike last year, when they fought for their salaries with protests. As Poslovni Dnevnik writes, Djuro Djakovic's restructuring process has now begun, and a strategic partner is actively being sought, without whom it will be difficult for the Croatian company to be able to stand on its own two feet. The halls of Djuro Djakovic's Special Vehicles are working at full steam, they are the largest within the wider Djuro Djakovic group, and freight wagons are their current trump…
Saturday, 16 January 2021
Slovenia's Petrol Takes Over Croatia's Crodux
ZAGREB, 15 January, 2021 - The Slovenian energy company Petrol has taken over the Zagreb-headquartered Crodux Derivati, which was owned by businessman Ivan Čermak, Petrol said in a press release on Friday. This transaction will enable Petrol to acquire 91 filling stations in Croatia, after the deal is approved by relevant regulators. The agreement on the transaction was signed on Tuesday, however, Petrol did not reveal the price of this deal. In 2019, this Croatian company, specialised in trade and storage of petroleum products, earned HRK 5.64 billion in sales revenues, and its net profit totalled HRK 143 million. There were 1,150…
Friday, 15 January 2021
Globalisation Threatens Croatia's Produce and Cuisine Via New Seed Laws
January 15, 2021 – The EU is being backed into a corner by the giants of globalised agriculture. Pre-empting a change in EU-farming directives, a new bill before the Croatian parliament seeks to regulate seed use for the country's farmers, putting at risk Croatia's distinct, regional produce and the country's famous cuisine. TCN interviews one of those leading the fight for Croatia's produce and cuisine. Question: When is a tomato not a tomato? Answer: When it is a Croatian tomato. Confused? Well, if you're from Croatia and never much left the country or region, you might be. But, if you're…
Thursday, 14 January 2021
Construction of Aircraft Parts Factory Begins in Jakovlje North 2 Zone
January the 14th, 2021 - When it comes to getting the economy moving again, things are going slowly. The ongoing coronavirus pandemic and in Croatia's case, being hit with multiple devastating earthquakes has certainly thrown a spanner in the works, but in certain areas of the country - things are starting up. The construction of an aircraft parts factory in the Jakovlje North 2 zone has begun. As Poslovni Dnevnik writes, the construction of an aircraft parts factory in the Jakovlje North 2 has now begun, in which 450 employees will be employed in the first phase. This information was…
Thursday, 14 January 2021
10 Million Kuna Intervention Assistance Tender for Small Croatian Companies
January the 14th, 2021 - The ongoing coronavirus pandemic has seen many Croatian companies struggle to keep their heads above water, with small Croatian companies suffering previously unimaginable losses and the threat of total closure. A tender designed solely for small Croatian companies is now in the works. As Poslovni Dnevnik/Marija Brnic writes, the Ministry of Economy is preparing an intervention aid worth 10 million kuna for small Croatian companies and craft (obrt) owners in earthquake-stricken areas for the reconstruction of machines and workshops, for which a tender will be announced in two weeks. An important part of the wider…
Tuesday, 12 January 2021
Business Owners Want Croatian Cafes, Restaurants Open from February 1st
January the 12th, 2021 - Croatian cafes, restaurants and other such facilities, as well as gyms and fitness/sports centres have been closed for a while now, and many in the business world are growing concerned as to what the plans are as Croatia’s epidemiological picture continues to improve. As Poslovni Dnevnik writes, there is still a lot of uncertainty as to whether catering and hospitality facilities, gyms and sports clubs will start opening up and operating again on February the 1st, but Hrvoje Bujas, president of the Voice of Entrepreneurs association, is calling for just such a scenario, writes Slobodna Dalmacija.…
Sunday, 10 January 2021
Croatian Banks' Resilience to Pandemic Depends on Government Measures
January the 10th, 2021 - Croatian banks and banks throughout the wider region have taken some serious blows as a result of the ongoing pandemic, but just what determines the strength of those blows? As Ana Blaskovic/Poslovni Dnevnik writes, Croatian banks and banks across the country’s region entered the coronavirus crisis in relatively good health as they were fairly adequately protected by capital and were engulfed in a trend of declining bad loans. However, the effects of the pandemic will continue to be profound, especially when it comes to the quality of bank portfolios, which will depend deeply on national…
Friday, 8 January 2021
Croatian Koncar Now Synonymous with High Quality Across World
January the 8th, 2021 - The Croatian company Koncar is very well known here and indeed across the wider region for its high quality products and the general level of respect attached to its name. Koncar is now earning respect across the world for the products it boasts under its belt. As Novac writes, today, the name Koncar is recognisable all over the world and has rightfully become synonymous with a high level of quality and reliability. Koncar's equipment and plants located more than 100 countries on all continents are proof of these properties and are permanent monuments of the…
Thursday, 7 January 2021
Luksic Group Donates 15 Ventilators and 15 Vital Signs Monitors to Croatia
ZAGREB, 7 January 2021 - The Luksic Group, which participates in the tourism industry of Croatia, has donated 15 state-of-the-art ventilators and 15 vital signs monitors to the Croatian Health Ministry, as the group's contribution to Croatia's struggle against the COVID-19 pandemic. The donation, worth HRK 3.7 million (€500,000), will be distributed to intensive care wards within the country's hospital system, the group said in a press release. The group's director, Davor Luksic, was quoted as thanking Croatia's medical professionals who are on the frontline of the battle against the coronavirus infection. The group also donated HRK 750,000 (€100,000) as a relief to victims of the…
