Business

December the 31st, 2020 - the Croatian tourist company which is known for its numerous business ventures at home and abroad, the Arena Hospitality Group, has purchased yet another hotel in a foreign country, this time in the Serbian capital. As Poslovni Dnevnik writes, the large Croatian company, the Arena Hospitality Group announced recently that through its local branch located over in Serbia, it concluded the takeover of the 88 Rooms hotel in the wider centre of the Serbian capital of Belgrade. The value of the transaction stands at an enormous 45 million kuna in total. The modern hotel is…

December the 31st, 2020 - 126 Rijeka enterprises will receive a generous amount in non-refundable funds for development and entrepreneurship in the area of that Northern Adriatic city. As Poslovni Dnevnik writes, 126 Rijeka enterprises are set to receive a very welcome two million kuna in non-refundable subsidies for the development of entrepreneurship in the area of ​​the City of Rijeka, it was said at a press conference held at the Rijeka city administration on Monday. The public invitation for the implementation of measures from the General Programme of Measures received as many as 508 applications, which is 22.8 percent…

ZAGREB, Dec 30, 2020 - Agriculture Minister Marija Vuckovic said on Wednesday that the state would help all the farmers in the area affected by Tuesday's earthquake to restart their production. She said that the ministry's advisory services had already begun registering all the farms affected, noting that there were about 6,000 farms in Sisak-Moslavina County. "We have preliminary data that some farms have been damaged, particularly pig breeders. Some forest management units have been affected, particularly in Glina," Vuckovic said ahead of a cabinet meeting and added that it was necessary now to precisely assess the damage. "We have some measures…

December the 30th, 2020 - Podravka is as well known to every Croat as the dangers of propuh and arguments over what real burek are. Thanks to EU cash, the much loved Croatian company Podravka has its sights on one area in particular. As Marija Crnjak/Poslovni Dnevnik writes, for the project of developing innovative by-products during vegetable processing, worth a little less than seven million kuna, the Croatian compan Podravka was approved three million euros in non-refundable funds from the European Regional Development Fund. This is the first research project of the Koprivnica-based food company that will be financed from European…

ZAGREB, Dec 29, 2020 - The Croatian Financial Services Supervisory Agency (HANFA) said on Tuesday that it would remove fmore than 800 registered regulated businesses from the UK and Gibraltar rom its registers due to Brexit. According to a statement from HANFA, as of 1 January 2021 the United Kingdom of Great Britain and Northern Ireland is considered to be a third country in relation to the EU, which is why changes will occur in HANFA's registers  regarding providers of financial services from the UK and Gibraltar. "On 1 January 2021 HANFA will remove more than 800 registered regulated entities based in the UK and…

December the 29th, 2020 - The coronavirus crisis has affected just about everything, causing a tremendous economic crisis, but just how has Croatian employment in various different sectors been affected by its iron grip? As Marina Klepo/Novac writes, the impact of the ongoing crisis on young people is very serious, despite measures to preserve jobs remaining in place, the unemployment rate could still increase in the coming months, according to the European Commission (EC) in its latest quarterly report on Employment and Social Trends. The coronavirus crisis has led to an “unprecedented loss of income from work”, and the effect…

December 27, 2020 - Construction on the Westgate Group's Dalmatia Tower in Split, which will house the first Marriott Hotel in Croatia, should be complete by the end of 2021. Slobodna Dalmacija writes that this year, in the list of the top 50 tallest buildings in Europe, Split's Dalmatia Tower is in 22nd place, standing tall at 135 meters, just two less than Romania's Sky Tower, which ranked higher. The project, which created a new architectural value in Croatia and enriched Split's urban value, has reached its full height this year. Residents of nearby buildings and those who often drive…

ZAGREB, Dec 22, 2020 - The Croatian Employment Service (HZZ) has adopted new terms, conditions, and methods for the use of funds set aside for the government's active employment policy measures, the biggest novelty being that the upper limit for self-employment grants is raised to HRK 130,000. The HZZ reported on Tuesday that the maximum aid for the expansion of business activities was also raised, to HRK 100,000. According to the HZZ's press release, the active employment policy measures are designed to boost innovation and encourage businesses in the green and digital transition through the establishment of new criteria. Applications for the…

December 22, 2020 – The Sisak-Moslavina County Development Agency SIMORA and A1 Croatia, a leading technological innovator, have entered into business cooperation to develop the video game industry in the Business Incubator in Novska. As Jutarnji list reports, SIMORA, a development center for the video game industry, and A1 Hrvatska, a leading technological innovator, have signed a multi-year agreement on cooperation and services exchange. Business cooperation has common goals: development of the video game industry in the Business Incubator in Novska, including the development of video games on the most modern mobile and fixed technology, promotion of innovations, as well…

December 20, 2020 - The impact of the COVID-19 crisis has brought many activities worldwide to their knees, but the ICT sector in Croatia has experienced growth.  Index.hr reports that this is a conclusion derived from data from European and national statistics and HUP's Association of Information and Communication Activities (HUP-ICT). According to these data, the ICT sector has in many respects already surpassed the traditionally strong industries in Croatia, such as food and metal processing, and the importance of this sector is getting closer to tourism, especially in this "corona year," where tourist traffic is significantly reduced compared to…