Business

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 25th of November, 2020, in just a few years of its existence, the Speck agency from Krizevci has risen from a ‘speck’ to a Croatian IT sector star. Speck's rapid upward trends were recently verified by the powerful consulting company Deloitte in the tender of Fast50, the fastest growing technology company in Central Europe, as the company grew by an incredible 1076% in a year. Speck took third place in the Rising Stars category, a company under four years old but with growth potential. The team led by the 30-year-old graduate electrical…

As Novac/Bernard Ivezic writes on the 25th of November, 2020, the United Group's entry into the Greek market is a continuation of their wave of expansion across Southeastern Europe. After buying Tele2 Croatia, this media and telecommunications group based in the Netherlands, which was formed in 2000 by merging three telecoms in Serbia, Slovenia and Bosnia and Herzegovina, further strengthened its competitive position with Deutsche Telekom and Telekom Austria within the region. Victoriya Boklag, the CEO of United Group, says the Greek telecommunications operator and pay-TV provider Forthnet has officially become part of the United Group. "We'd like to welcome…

As Novac/Bernard Ivezic writes on the 24th of November, 2020, less than a month after Starlink, Elon Musk's space telecom, started operating, discussions have begun about when it will become available here Croatia. Could Musk's move mean the speeding up of the Croatia 5G network? For now, Starlink has only offered Americans internet via satellite speeds that are between what 4G offers today and what 5G should initially offer in the future. Musk's Starlink offers a speed of 50-150 Mbps with a latency of 20-40 milliseconds, so far with no gigabyte limit, and with the promise that it will be…

November the 24th, 2020 - The words ''Amazon in Croatia'' are about as foreign to anyone living here who has tried to order something from the global giant as someone speaking to them in Klingon, but could it finally be happening? Although there has been no official confirmation as yet, it seems things could be moving forward on the until now almost unthinkable ''Amazon in Croatia'' front. As Darko Bicak/Poslovni Dnevnik writes, and as Poslovni Dnevnik initially reported last year, in the middle of this month Amazon started an exclusive cooperation with Croatian on the delivery of packages for the…

As Novac/Jozo Vrdoljak writes on the 23rd of November, 2020, back in mid-October, Spacva, an Eastern Croatian company from Vinkovci, received a letter from Quaestus Private Equity Capital. The latter is the owner of four million shares, which is a 75.81 percent stake in Drvna industrija Spacva, and the letter stated that this was to be the last year of the fund's participation and that actions regarding the exit from ownership and the sale of Spacva's shares had begun. Davor Doric, a member of the Management Board of Quaestus Private Equity, didn't want to comment on the process of exiting…

ZAGREB, November 23, 2020 - The Kutina industrial-logistic zone is the first smart business zone in Croatia and it offers future investors a series of benefits like digital technology, exemption from utility contributions and for waste management for a period of five years, the Croatian Chamber of Commerce (HGK) said on Monday. Presenting the project on Monday HGK said that the zone extends over 74 hectares and provides a series of benefits for future investors. Apart from ensuring utility services, power and transport infrastructure the zone is geographically situated well and future investors will be exempt from paying utility fees for a period…

November the 22nd, 2020 - The gorgeous Scracin Palace located in the very heart of Pula has had more than a rough time of it, but could this beautiful building finally be restored to its former glory? Potentially... As Novac/Barbara Ban writes, the old saying ''third time lucky'' might be true for the stunning but sadly neglected historic Scracin Palace in the centre of Pula, Istria. It belongs to a group of properties being sold off by the Croatian Pension Insurance Institute and the Croatian Health Insurance Institute, which could soon be in their third tender for sale. ''Preparatory works…

November the 22nd, 2020 - As the coronavirus pandemic continues to throw spanners in the works for the majority of economic activities, some still manage to shine. Several Croatian enterprises have been included on the list of the fastest growing in all of Central Europe, and while that always gives more than enough reason for pride, in these dire circumstances - that reason is even stronger. As Poslovni Dnevnik writes, this year's 21st edition of the Deloitte competition of the 50 fastest growing technology companies in Central Europe was attended by companies from 18 countries, including Croatia, where a total…

After five years of operation of this agency, the rebranding of the only communication agency from the Croatian region of Lika was presented, which now appears on the market as the Prilika Group. As Poslovni Dnevnik/Marta Duic writes on the 20th of November, 2020, over the years, this Lika-based communication agency has cooperated with numerous clients from across Lika and enabled topics and information from this part of Croatia to get the media space it deserves. The main team consists of six people with four more who are occasionally engaged due to the specific knowledge they possess, and after the…

ZAGREB, November 20, 2020 - The European Investment Bank (EIB) and the Croatian Bank for Reconstruction and Development (HBOR) have signed a new, €142.5 million loan agreement to  support small and medium enterprises (SMEs) in Croatia, the two financial institutions said on Friday. This is the second tranche of a package worth a total of €400 million. It is part of the EIB's youth employment initiative under which companies that hire young people are granted loans under more favourable terms. The initiative addresses the issue of youth unemployment as one of the biggest social and economic challenges faced by Croatia…