Business

As Poslovni Dnevnik writes on the 12th of November, 2020, more than 12,000 Croatian employers, employing around 60,000 workers, have so far applied for the Croatian Government's economic measures to preserve jobs, and those numbers are expected to grow, Labour Minister Josip Aladrovic said recently. Just how long can the Croatian economy survive with this ''tempo'' of coronavirus spread? The Croatian Employment Service (CES) has so far received requests for the use of money from the government's package of measures, which is in force until the end of the year for, as stated, more than 60,000 workers and 12,000 employers,…

As Poslovni Dnevnik/Suzana Varosanec writes on the 12th of November, 2020, HZ Cargo, a technologically backward state-owned company, is continuing its restructuring under a new management led by director Dragan Marcinko. Is this a brand new start for Croatian transport? After being a crisis manager for several companies, Marcinko accepted a new challenge to save this Croatian transport company, which is why he is embarking on a programme to modernise the company's entire fleet. They took over the Siemens Vectron X4 A17 electric locomotive from the German leasing company ELL Germany GmbH at a price that can't be revealed or…

ZAGREB, November 12, 2020 - DM-Drogerie Markt Hrvatska, health & beauty retailer concluded the 2019/2020 financial year, which ends in September, with a total turnover of HRK 2.25 billion, 2% more than the preceding financial year, and generated a net profit of HRK 39.86 million, the company reported on Thursday. DM invested more than HRK 33 million in the 2019/2020 financial year for the modernisation of seven retail outlets. It opened three specialised departments for over the counter (OTC) medication and launched an online web shop. "In a year when the entire community is faced with unforeseeable business conditions we maintained…

As Poslovni Dnevnik/Lucija Spiljak writes on the 11th of November, 2020, the eyes of the entire whole world have been on the United States over recent days, where the US presidential election was being held, with the American public being asked to choose between Joe Biden and Donald Trump, which eventually, although still unofficially, ended in Biden's victory. One Croatian campaign has used Trump's situation to their advantage, and it has paid off. The final course of the election was accompanied by a new, witty Croatian campaign by the online employment platform Adorio and the Spellcaster creative agency, with the image…

November the 12th, 2020 - The ongoing coronavirus pandemic has sent shockwaves throughout the world, affecting imports and exports as well as the upkeep of medical supplies for various countries. In 2020, Croatia imports a significantly more costly amount of medicine when compared to last year. As Marina Klepo/Novac writes, most export sectors have reduced their sales of goods since the beginning of this year owing to the dire situation, but some of them still managed to increase their product placement. In addition to mining and quarrying, which jumped sharply due to the relocation of oil refining to Hungary, the…

November 11, 2020 - Croatian Infobip bought the American company OpenMarket for $300 million. It is a subsidiary of Amdocs, which, like Infobip, deals with SMS sending services. "We can confirm that an OpenMarket purchase agreement has been signed with the seller, Amdocs. We are currently awaiting final details and will release more information today during the day," Infobip briefly confirmed on Index.hr. This summer, Infobip raised more than $200 million in the first round of financing from the One Equity Partners investment fund. After that success, they announced that it would help them expand the company in the United…

November the 11th, 2020 - The words ''Croatian automotive industry'' probably sound funny to anyone remotely familiar with the draconian attitude towards foreign investment here, but shining entrepreneurial stars like Mate Rimac believes that Croatia has a chance, and a good one at that. As Novac/Bernard Ivezic writes, five years after Uber entered the Croatian market and changed the world of taxi transport, a new initiative to improve transport has emerged, but with far broader implications. Rimac Automobili has announced the establishment of the Association for the Promotion and Regulation of Autonomous Vehicles. They want to bring together and support…

As Novac/Vedran Marjanovic writes on the 10th of November, 2020, for several weeks now, the Kuwaiti shipowner Livestock Transport and Trading Company has been unsuccessfully trying to agree with the Croatian state administration on the completion of the construction of the largest ship in the world for the transport of live cattle in Pula's Uljanik - New build 526/Novogradnja 526. As confirmed to Jutarnji list from several sources, the aforementioned Kuwaiti company which operates within the Al Mawashi group, and whose business is the transport of live cattle, came across the walls put up by Croatia's state institutions after they…

ZAGREB, Nov 10, 2020 - A total of 154,168 jobless people were registered with the Croatian Employment Service (HZZ) at the end of October 2020, an increase of 6,734 people or 4.6% on the month and an increase of 26.8% or 32,571 on the year, the HZZ said on Tuesday. Daily figures show that the number of unemployed persons is growing in November, given that 154,461 people are currently registered with the HZZ, or 293 more than at the end of October. A total of 7,380 vacancies are currently advertised. Year on year, the number of job-seekers has continued to rise…

ZAGREB, Nov 10, 2020 - The green and digital transition and strengthening the competitiveness of European industry provide an opportunity for 700,000 new jobs by 2030, Croatian MEP Suncana Glavak said addressing a panel discussion on competitiveness and 5G technology organised by the European Parliament office in Croatia on Monday. The panel discussion was attended by industry experts and a representative of the Croatian Regulatory Agency for Network Activities (HAKOM). Glavak, who is the rapporteur for the European Parliament's Committee on Environment, Public Health and Food Safety (ENVI), explained what the new EU industrial strategy envisages. "The strategy will be the driver…