Business

ZAGREB, Nov 17, 2020 - The European Commission disbursed €510 million to Croatia on Tuesday to help reduce unemployment risks. The Commission disbursed €14 billion to nine EU countries in the second instalment of financial support to member states under the SURE instrument. Of this amount, Croatia received €510 million, Cyprus €250 million, Greece €2 billion, Italy an additional €6.5 billion, Latvia €120 million, Lithuania €300 million, Malta €120 million, Slovenia €200 million and Spain an additional €4 billion. "The second wave (of the coronavirus pandemic) is hitting Europe hard. The EU is here to support. We want to protect people…

As Poslovni Dnevnik/Marta Duic writes on the 16th of November, 2020, Tina Jurjevic, operative director of Bipa Croatia, talked to Poslovni dnevnik about Bipa Croatia's business results, the state of the drugstore market and the further expansion of the company's sales network. She also revealed what their plans are for the period until the end of this year and what key changes have taken place on the Croatian market since Bipa has been operating here. Tina Jurjevic has been a member of the Bipa Croatia team since back in 2010, she spent nine years as the head of the human…

As Poslovni Dnevnik/Lucija Spiljak writes on the 16th of November, 2020, the Croatian-American company Sportyn INC presented the free Sportyn application (app) in Zagreb. By exchanging video content, as the main medium, the app enables the promotion of athletes on a global level, changes the image of sport scouting and financing the development of athletes, using all aspects of modern social networking concepts. Experts in the field of developing new technological solutions from Sportyn are otherwise experienced entrepreneurs and world-famous sport ambassadors, and they consider this application a kind of revolution for the sporting community and redefining the path of…

November the 16th, 2020 - The words ''Croatian credit rating'' are rarely followed by good news of late, especially as the ongoing coronavirus pandemic continues to cause havoc with not only the domestic economy but that of the entire world. Surprisingly, however, it seems that things might just be looking up for the Croatian credit rating in the eyes of all major rating agencies. As Novac writes, the respected credit agency Moody’s improved its outlook of the Croatian credit rating a few days ago. However, even after this improvement, Croatia still remains in the ''investment'' credit rating level in the…

As Novac/Barbara Ban writes on the 15th of November, 2020, while most investors in the Croatian tourism sector have put the brakes on a bit due to the ongoing coronavirus pandemic and the levels of uncertainty surrounding the development of the situation regarding public health and, consequently, the economic crisis, a new Istrian resort with a hotel worth about 80 million euros is emerging in Savudrija. This new Istrian resort's construction began back in mid-October. The company Cista voda projekt (Clear water project) from Savudrija is formally investing in the project, and the co-investor is Vojislav Gajic, who is the…

ZAGREB, November 15, 2020  - The production of cabbage in Croatia is stable, the market is supplied with sufficient amounts of this vegetable, and the corona crisis has led to a price drop this year, according to an analysis conducted by the Smarter consultancy firm. This year's cabbage crop can satisfy the needs on the domestic market, and 2020 has been perceived as a favourable year for cabbage growing, says Smarter. On the other hand, the epidemic of coronavirus has prevented holding of events and gatherings, such as wedding parties and other private parties with many guests, and has also affected…

November the 15th, 2020 - The ongoing coronavirus pandemic has taken the world by storm and thrown proverbial spanners in the works of almost every possible investment and business move imaginable. Despite the endless hardships posed by the spread of the novel coronavirus, SARS-CoV-2, not everything has been forced to grind to a sudden halt. The Zagreb Tesla store opening has still gone ahead. As Novac/Bernard Ivezic writes, if you're feeling flush, you can now purchase Elon Musk's electric cars right here in Croatia, the country of Nikola Tesla's birth. Tesla Motors has now opened its first store in Zagreb's…

As Morski writes on the 14th of November, 2020, recently, Croatian President Zoran Milanovic, accompanied by his associates, visited the Brodosplit shipyard in the Dalmatian city of Split. President Zoran Milanovic was welcomed by Tomislav Debeljak, President of the Management Board of Brodosplit, and Tomislav Corak, Member of the Management Board. With a walk-through of the Brodosplit shipyard, the President was introduced to the current work and projects that are underway there, and especially to the continuation of the construction of coastal patrol boats, contracted for the Ministry of Defense of the Republic of Croatia. ''The impressions are good because…

November the 14th, 2020 - Croatian entrepreneur Mate Rimac is well known for a multitude of reasons. His desire to push Croatia forward is second only to his success with his remarkable company, Rimac Automobili, and now he can add total transparency to his list - a rare quality among Croatian employers. As Poslovni Dnevnik writes, the wildly successful entrepreneur Mate Rimac has released a YouTube video in which he is frank and open about the one thing most of us feel uncomfortable discussing - finances. "I think that in Croatia there's a very strong interest in what Rimac Automobili…

November the 14th, 2020 - Croatia Airlines has been struggling since long before the coronavirus pandemic became an additional, extremely heavey burden. The Croatian company has been on the search for a strategic partner to help pull it out of the proverbial mud for a significant amount of time now, and as losses continue to be posted and the multitude of problems continue for the airline, the state has decided to step in with a ''state injection'' worth an enormous amount of cash. As Poslovni Dnevnik/Jadranka Dozan writes on the 13th of November, 2020, in one month's time (more precisely on…