Business

ZAGREB, September 12, 2020 - Following the establishment of close cooperation with the Croatian National Bank (HNB), the European Central Bank will take direct supervision of eight banks in Croatia, the HNB said in a statement on Friday. "The European Central Bank (ECB), after establishing close cooperation with Българска народна банка (Bulgarian National Bank) and Hrvatska narodna banka (Croatian National Bank) and assessing the significance of the countries’ banks, announced today that it will start directly supervising five banks in Bulgaria and eight banks in Croatia," the HNB quoted the ECB as saying in a press release. In Croatia the ECB will…

As Lucija Spiljak/Poslovni Dnevnik writes on the 11th of September, 2020, with the acquisition of its European subsidiary Interxion, the American company Digital Realty took over the Zagreb company Altus IT, the first Croatian data centre independent of a telecom operator. This acquisition will further increase the global user presence with access to the global PlatformDIGITAL, which helps users worldwide to connect their entire digital ecosystem through a single data centre service provider. ''We believe that this is an extremely significant step further that brings our customers a stronger global presence and opens up new opportunities for growth and development.…

As Poslovni Dnevnik writes on the 11th of September, 2020, last year, there were 63,598 enterprises in the top 10 Croatian cities with the highest average earnings, and they employed 498,387 employees. Entrepreneurs from Zagreb, Porec and Rijeka made the largest consolidated net profit last year and are leading the list of 10 Croatian cities with the highest earnings, according to an analysis published by the Financial Agency (Fina). Among the top 10 Croatian cities according to the net profit criterion are Sveta Nedelja, Dubrovnik, Velika Gorica, Vukovar, Zadar, Varazdin and Rovinj. Fina notes that compared to the ranking list from…

September the 12th, 2020 - The Croatian tourism industry has taken blow after blow ever since the coronavirus pandemic broke through into the country back in spring this year. Croatian camps and hotels have had an extremely difficult time in drying to decide when to open, how to adapt to the epidemiological measures, or whether to bother opening their doors at all. Despite the temendous amount of woes which plagued (and quite literally) tourism in Croatia, which is an economic branch of vital importance, accounting for around 20 percent of the country's GDP, the Croatian tourist season actually recorded far…

September 11, 2020 - The Voice of Entrepreneurs Association and members of the Initiative of Bars and Nightclubs have been warning the competent institutions for days that, due to the epidemiological measures in force, over 1000 facilities will be completely closed and workers will be fired. For this reason, nightclubs strike back as they have organised an action "5 hours forward, 25% backward" during which, on September 11 and 12, they will be open from 19:00 to 24:00, Slobodna Dalmacija reports. The measure restricting work until midnight has been extended and it has been announced that it will be extended until the end…

As Novac/Marijan Brala writes on the 10th of September, 2020, Croatian Motorways (HAC) saw 30 million vehicles in the first eight months of 2020, or 29 percent less than in the same period last year, and 1.5 billion kuna in toll fees or 31 percent less when compared to this time in 2019 were collected. As such, there is a sense of satisfaction with the shaky 2020 tourist season which managed to mitigate minuses caused by the pandemic. "At the very beginning of the outbreak of the coronavirus epidemic in Croatia, HAC prepared a Crisis Business Plan according to the…

Croatia is attracting more foreign investments despite the economic woes caused by the ongoing coronavirus pandemic which has taken the world by storm. Mate Rimac, Croatia's most beloved entrepreneur has discussed the Croatian economic situation, the Croatian company Infinum, Porsche's latest dip into the waters of business in Croatia and more. As Novac/Bernard Ivezic writes on the 10th of September, 2020, the question is whether or not the Croatian economic situation, at least in regard to high-tech, is turning into the type that can be found in the famous Silicon Valley. if you were to ask Mate Rimac, the founder…

As Poslovni Dnevnik/Suzana Varosanec writes on the 10th of September, 2020, the Vienna-based company SeneCura, with more than 20 years of experience in the field of care for the elderly in Austria, the Czech Republic, Slovenia and Switzerland, entered the Croatian market with the acquisition of the Severovic Home for the Elderly and the Infirm. This is the first foreign takeover in this particular market niche - realised with the purchase of Severovic d.o.o., the previous owners of which were Zoran and Gordana Severovic. On top of that, this is also the first arrival of a large inter-governmental group in…

ZAGREB, September 10, 2020 - The State Agency for Deposit Insurance and Bank Resolution (DAB) has received four expressions of interest in the purchase of Croatia Bank, including two from Europe and one each from the United States and Hong Kong, DAB said on Thursday. "Four expressions of interest in the purchase of 100% of shares in Croatia banka d.d. have been received. They came from the financial and banking sector, notably from interested parties from the United States, Hong Kong and two from Europe," DAB said in a brief response to Hina's query. It added that due diligence was…

ZAGREB, September 10, 2020 - Over 600 restaurant and bar owners in Kvarner and Istria today closed their facilities for an hour, starting from 11.55 am, to warn about the difficulties they are facing due to epidemiological restrictions and to ask for assistance in order to survive until the next season. The association of Kvarner and Istria restaurant and cafe owners, which initiated the campaign held under the slogan "Let us close today to stay open tomorrow", said that the campaign was successful. The goal was to encourage responsible institutions to urgently take action to preserve jobs in the sector…