Business

As Novac/Barbara Ban writes on the 2nd of October, 2020, with the lingering summer weather, Pula's gates remain somewhat empty. Cafes, shops and restaurants have been opened, but the question is for whom. Unfortunately, there are no guests. Various "red zones" did their thing and drove foreign tourists home in late August. Therefore, the off-season in Pula is quite bad, when you ask the biggest Pula-based hotel company - Arena Hospitality Group. ''I don't remember when the weather in Pula was as beautiful as it has been this year. Summer is still going on, but for us the season ended…

As Novac/Vedran Marjanovic writes on the 1st of October, 2020, the Ministry of Economy and Sustainable Development has recently issued a positive decision on INA's project to modernise the Rijeka refinery in the part related to the environmental impact assessment of that investment. This is another step towards the realisation of the largest investment for the Croatian economy in recent years, worth a massive four billion kuna, which, according to announcements from INA, will place the Rijeka Refinery among the most modern refineries in the world. Behind the phrase ''the modernisation of the Rijeka refinery'' is actually the construction of…

As Poslovni Dnevnik writes on the 1st of October, 2020, the Novigrad-based Aminess, a well known and successful Croatian tourist company, has expanded its business to Njivice hotels and a camping resort on the beautiful island of Krk, which start operating under the Novigrad-based Aminess brand on October the 1st, 2020. Aminess Magal Hotel (formerly Hotel Beli Kamik), Aminess Veya Hotel (formerly Hotel Jadran), Aminess Gaia Green Villas (formerly Marbera Flora Green Villas) and Aminess Atea Camping Resort (formerly Camp Njivice) are new members of the Novigrad-based Aminess portfolio, which will jointly contribute to the company's additional growth and strong…

As Poslovni Dnevnik writes on the 30th of September, 2020, the well known Fortenova Group and the world's leading integrated tourism group TUI have reached an agreement whereby TUI will take over a 33.3 percent stake of the shares belonging to the Fortenova Group in the holding company Karisma Hotels Adriatic that manages Hotels Kolocep, Hotels Zivogosce and Adriasense Zagreb. The total capacity of the three modern, decorated four-star hotels is 589 rooms. Karisma Hotels Adriatic realised almost 350,000 overnight stays at its facilities last year, and guests were mostly from other European countries, including the United Kingdom, Germany, Scandinavia…

As Poslovni Dnevnik writes on the 30th of September, 2020, the obligation of Croatian motorways (Hrvatske ceste) is to take care of the entire network of state roads, which consists of more than 7200 kilometres in total. In the last four years, they have designed more than 530 kilometres of new state roads, of which 137 kilometres are city bypasses throughout Croatia, they built 116 kilometres of new roads, and reconstructed more than 405 kilometres of existing roads. In the same period, Croatian motorways was the second largest contracting authority in the Republic of Croatia. "I'm proud to note that…

September 30, 2020 - The European Commission announced on Tuesday that the entry of "Bracki varenik" in the list of products with a protected geographical indication had been approved, reports N1. Bracki varenik is a product used as an addition to dishes and is obtained by boiling the squeezed juice of fresh or dried grapes until its volume is reduced to approximately one-third of the initial volume. It is produced from autochthonous grape varieties, namely from the red varieties Babic, Crljenko kastelanski, Plavac mali, and the white variety Marastina. "Bracki varenik" is a sweet liquid of honey aroma, with a…

ZAGREB, Sept 29, 2020 - Economic expectations in Croatia deteriorated mildly in September, under a wave of pessimism in the services sector, but managers expect to employ new workers, a European Commission report released on Tuesday notes. The Economic Sentiment Indicator (ESI) for Croatia decreased by 2.3 points in September compared to August, slipping to 88.6, the Commission's regular report shows. In August it jumped by 7.7 points, signalling a strong wave of optimism after stringent lockdown measures against the coronavirus were lifted. Those measures led to the ESI sinking to a record low of 72.3 points in April. By far the…

ZAGREB, Sept 29, 2020 - British American Tobacco (BAT) has been the biggest foreign investor in Croatia in the past five years, shows a study by Oxford Economics on  BAT's influence on Croatia's economy. After investing almost HRK 4.2 billion in taking over the TDR tobacco company, over the past five years BAT has invested an additional HRK 490 million and continued to increase production, employment and exports. A total of HRK 4.7 billion in investments means that in the period between 2015 and 2019, BAT generated about 20% of the total foreign investments in Croatia, the analysis notes. Oxford…

ZAGREB, Sept 29, 2020 - Transport Ministers, Oleg Butkovic of Croatia and Vojin Mitrovic of Bosnia and Herzegovina, on Tuesday signed an agreement on maintenance and repairs of 10 bridges in the cross-border areas, with a cost-sharing ratio of 50:50 between these two neighbouring countries. The document signed in Zagreb regulates the maintenance and reconstruction of bridges across the River Sava as well as across the Una and Korana rivers. Butkovic informed the press that a joint task force would be set up to implement the agreement. The agreement envisages efforts to maintain the functionality of the bridges concerned and traffic safety,…

September 29, 2020 - How to manage the virtual world and combat long term consequences of a crisis? Expanding a brand during a crisis clearly brings many challenges and changes to doing business. Economic entities count losses as a result of lockdown, and the question is: how to set up your business, how to approach not only clients but suppliers and potential and current business partners?  We care more and more about our domestic market, think about individuals, their needs, and safety, but what about our foreign partners? How to approach them, encourage them, or gain their trust? CARWIZ rent…