Business

ZAGREB, September 21, 2020 - Since the start of the coronavirus crisis in Croatia on February 24 to September 20, the total value of fiscal receipts dropped by HRK 22.7 billion on the year, according to data released on Monday by the Tax Authority. In the period from February 24 to September 20, the number of fiscal receipts in all sectors decreased by 26% on the year, and their value went down by 18%. A total of 1.08 billion receipts were issued in that period this year, and their value amounts to HRK 100.2 billion, while 1.47 billion receipts worth…

As Novac/Vedran Marjanovic writes on the 19th of September, 2020, Croatian insurers have so far paid out for 6,255 claims for earthquake insurance policies in the total amount of 194 million kuna, the leaders of the Croatian Insurance Bureau announced. They state, however, that they're still receiving requests from people due to Zagreb earthquake damage. ''Although we're still receiving requests for Zagreb earthquake damage assessments and part of the requests are still being processed, the amount of damages paid out so far, when looking at the total amount of Zagreb earthquake damage in the city and its surroundings, things clearly…

ZAGREB, Sept 19, 2020 - The head of the Croatian Chamber of Agriculture (HPK), Mladen Jakopovic was elected by a majority vote to be a vice-president of the Committee of Professional Agricultural Organisations (COPA), the HPK stated on Saturday. On Friday, COPA, an umbrella European farmers organisation, stated that it had elected Christiane Lambert of the French FNSEA association to lead the European farmers' organisation for the next two years. Apart from the COPA president, the new six elected vice-presidents are Jakopovic as well as Palle Borgstrom of Sweden, Massimiliano Giansanti of Italy, Tim Cullnan of Ireland, Roomet Sormus of Estonia, and PedroIgnacio Gallardo…

As Novac/Jozo Vrdoljak writes on the 18th of September, 2020, the market disruption in Germany caused by the outbreak of African swine fever and the disorder of the agricultural market is more than likely to cause more damage to Croatian pig farming than it would if this disease had appeared here. The damage that may occur to the Croatian pig farming industry this time is estimated at over 100 million euros. Due to the alarming situation on the market, the Croatian Association of Pork Producers is seeking the urgent involvement of the Government of the Republic of Croatia, and is…

As Poslovni Dnevnik writes on the 18th of September, 2020, at its recent session, the Croatian Employment Service's Governing Board made a decision on changes and amendments to the conditions and manner of using funds for the implementation of active employment policy measures in 2020. Applications for Croatian job preservation grants for September have begun and will run until October the 15th, 2020. Applications for Croatian job preservation grants for economic activities affected by the coronavirus pandemic and those for micro-enterprises will continue in the period from September to December this year, the statement said. Croatian job preservation grants for those…

ZAGREB, September 18, 2020 - About 67% fewer passengers travelled by rail in the second quarter due to the corona crisis compared to the same period last year while freight transport rose by 2.5% by taking over freight from other transport modes, the HAKOM regulatory agency informed on Friday. Noting that a decrease in the number of passengers travelling by rail in Q2 was to have been expected because of the lockodown, the Croatian Regulatory Authority for Network Industries - HAKOM on Friday confirmed previous claims by Transport Minister Oleg Butkovic that as far as the cargo segment was concerned, the railway did not generate any loss.…

September 18, 2020 – Caterers in Dalmatia, namely in Split-Dalmatia County, have announced a big protest to warn of the problems they are facing during the pandemic, reports Index.hr. Next Thursday, they will close their catering facilities for an hour. “In hope of your understanding, we would like to inform you that we will close our catering facilities as a sign of a quiet protest due to the extremely bad economic situation. Therefore, on September 24, 2020, from 11:56 am to 12:56 pm we will be with you, but we won’t be serving you,” reads the announcement. “Namely, the global…

September 18, 2020 - Stillfront Group has acquired Zagreb company Nanobit for at least $100 million (or 1 billion kuna).  Index.hr reports that Nanobit has become part of the Swedish Stillfront Group, one of the world's leading gaming companies in the free-to-play segment. The transaction will be conducted in two tranches, with Stillfront initially buying a 78% stake for $100 million. After two years, Stillfront will buy the rest of the stake in Nanobit at a price that will depend on Nanobit's earnings before interest, taxes, and depreciation (EBITDA) in 2021 2022. The total amount Stillfront will pay at the…

ZAGREB, Sept 17, 2020 - By September 15, Croatia has agreed €10.98 billion worth of projects from the European structural and investment funds, or 102.4% of the allocation, according to data from the Ministry of Regional Development and EU Funds. of the total of €10.7 billion allocated for Croatia in the European structural and investment funds for the 2014-2020 period, Croatia has agreed on €10.98 billion worth of projects or 102.4% of the allocation. The Ministry of Regional Development and EU Funds said that the government on Thursday adopted a report on the absorption of European structural and investment funds, which…

September 17, 2020 - A conference of the TASKFORCOME team was held on Wednesday evening to encourage the development of foreign entrepreneurship in the City of Split. A one-stop-shop is an initiative intended for facilitating the process of opening a business for future citizens of Split. Opening your company in a new country is very challenging, especially in Croatia, because of its exhausting bureaucracy. Everyone who tried to start their business here is familiar with filling out tons of papers and knocking on thousands of doors to get an answer.  "We will try through this project to bring this whole process closer…