Business

ZAGREB, September 7, 2020 - Economy and Sustainable Development Minister Tomislav Coric said on Sunday the government would insist on boosting other industries besides tourism and that Croatia would enter 2021 with projects ready for a €22 billion EU envelope. In the first phase of the crisis, he told public TV, the government projected that GDP would fall a little over 9%, with HRK 35-40 billion in damage to the economy, but the tourist season has been better than expected so the government hopes the GDP fall will be lower. "Job retention measures will cover a little less than 100,000 workers. After…

As Novac writes on the 5th of September, 2020, at PPK Karlovac, one of the leading Croatian food companies, a solar power plant covering an area of ​​7,500 square metres and an output of 1.2 MW was put into operation. A total of 3,939 photovoltaic modules, each with a power of 305 W, produce electricity for their own consumption, which PPK Karlovac has implemented in its production processes. The annual production of the solar power plant is expected to be 1.2 GWh, while the consumption of electricity from conventional sources stands at 10.7 GWh annually. PPK Karlovac's investment is worth…

As Morski writes on the 6th of September, 2020, the keel for the new polar cruiser of the Scenic Group, for the construction of which the Croatian Government issued a state guarantee in the amount of 80.1 million euros, should be laid at the end of this year or the beginning of next year at the 3 Maj shipyard in Rijeka. Novi list learned the above from Sasa Cokljata, the director of the Scenic Group's company in Croatia, MKM Yachts. As he explained, everything depends on the time and deadline in which it will be possible to supply all the necessary…

September 6, 2020 - The second Poduzetnik Mindset (Entrepreneurial Mindset) conference takes place online on September 10. Continuing our look at the speakers, co-organizer and Mr Positive, Ognjen Bagatin.   There has not been a lot to smile about for most people in 2020, and that is certainly true if you are a Zagreb-based entrepreneur. The double whammy of corona affecting business and an earthquake damaging your home and business would be more than enough to wipe the smile from anyone's face, but not Croatia's Mr Positive, Ognjen Bagatin.  (Ognjen Bagatin with his Berlin award) A trailblazer in the global medical…

As Poslovni Dnevnik writes on the 5th of September, 2020, a proposal for an amendment to the Ordinance on the exemption from paying tourist tax for individuals providing hospitality services in a household or on a family farm has now been sent to e-counselling/e-savjetovanje. Just who can apply for this new Croatian coronavirus measure? Taking into account the special circumstances caused by the ongoing coronavirus pandemic that have negatively affected the work of private renters and family farms (OPGs), the Ministry of Tourism and Sport sent an e-consultation recently to propose an amendment to the Ordinance on the exemption from…

As Vedran Marjanovic/Novac writes on the 4th of September, 2020, the Slovenian Sava Insurance (Sava Re) plans to expand on the markets where it is currently already present, and the most important countries for expansion are Croatia and Serbia, as was announced by a member of the Management Board of the Slovenian Sava Insurance, Polona Pirs Zupancic. Appearing on a recent morning podcast of the Ljubljana Stock Exchange, a member of the Management Board of the Slovenian Sava Insurance (Sava Re osiguranje) explained that the insurance company is in actual fact not interested in breaking into new markets, but instead…

As Dora Koretic/Novac writes on the 4th of September, 2020, it seems that the Croatian National Tourist Board (HTZ) will have to write off a debt of 14,864 kuna, which it owed the recently bankrupt company Kompas, due to the fact that this organisation failed to file a claim for bankruptcy in time in accordance with the appropriate regulations. The Kompas bankruptcy officially occurred early last year. Namely, the company Kompas formally and legally went bankrupt on January the 3rd, 2019, and the deadline for filing creditors' claims was prescribed by March the 4th at the latest. The Kompas bankruptcy…

ZAGREB, September 4, 2020 - Minister of Economy and Sustainable Development Tomislav Coric said on Friday that he would try to steer as much funds from the EU aid package of €22 billion intended for Croatia as possible to the economy and private sector. Coric was addressing participants at the Croatian Money Market conference in Opatija. He said that he had heard from representatives of the real sector in which direction they thought Croatia's recovery should be going. "We all share a certain dose of optimism about what is to come. The question of distribution of European funds from the EU envelopes…

ZAGREB, September 4, 2020 - An agreement granting HRK 18.3 million to the Inovativni Zadar company to build a new business incubator in Zadar's Bili Brig district was signed on Friday by the Minister of Regional Development and EU Funds, Natasa Tramisak, and the Director of the Central Finance and Contracting Agency (SAFU), Tomislav Petric. The project is worth a total of HRK 24.5 million and its implementation will begin at the start of next year. Noting that Zadar had fully absorbed the funds from the Integrated Territorial Investment Mechanism, Tramisak said that the purpose of this project was to…

September the 4th, 2020 - The ongoing coronavirus pandemic has been a thorn in the side of many a previously planned investment and project, with many of them having been shelved to await better economic circumstances or even written off entirely. Fortunately, this isn't always the case, and the planned Croatian port infrastructure projects on Lastovo and Korcula, as well as on the Peljesac peninsula, worth 700 million kuna in total, are still going ahead. As Morski writes on the 3rd of September, 2020, Dubrovnik-Neretva County Prefect Nikola Dobroslavic and his associates held a web conference recently with the directors…