Business

As Vedran Marjanovic/Novac writes on the 6th of August, 2020, the Ministry of Economy and Sustainable Development has issued a decision according to which the Canadian company Vermilion can start exploring for oil and gas in the municipality of Petlovac in Baranja. In March this year, Vermilion sent a request to the Ministry of Environmental Protection, which was annexed to the Ministry of Economy by a recent government reform, to conduct an environmental assessment procedure on the need to assess the environmental impact of the Novo Nevesinje-1 exploration well in the Petlovac municipality in Eastern Croatia. The aforementioned decision of…

As Novac writes on the 6th of August, 2020, on Tuesday, the President of the Management Board of ACI, Kristijan Pavic, expressed his satisfaction with the revenue generated in the first half of the year, which stood at 72 million kuna, which is 23 million kuna less than in 2019. Adriatic Croatia International Club (ACI), which manages 22 marinas on the Adriatic, generated 72.9 million kuna in revenue in the first six months of this year, which is 24 percent less than in the same period last year. According to the company's financial report published at the end of last week,…

ZAGREB, Aug 6, 2020 - The drop in the competitiveness of the Croatian food industry needs to be stopped on time with strong measures, investments in developing new products and innovation as well as by improving the investment climate, the Smarter consultancy says in an analysis released on Thursday. "Considering that this is a challenging time for all sectors, it is necessary to support further growth and strengthen the food and beverages industry, with emphasis on exports and greater investment in developing new products and innovation, but in particular on improving the investment climate," the consulting firm specialising in agriculture and the…

As Suzana Varosanec/Poslovni Dnevnik writes on the 5th of August, 2020, according to the amount of total revenue in 2019, the most successful small privately owned enterprise registered in Knin is Transport Beton Lubina, with 43.1 million kuna in revenue. Enterprises based in the Croatian city of Knin, located in the Dalmatian hinterland, who have been operating within the corporate income tax system for the last ten years without exception have shown a positive consolidated financial result, according to Fina's recent analysis which was prepared on the occasion of Victory and Homeland Thanksgiving Day and Croatian Veterans Day. However, the…

As Novac/Jozo Vrdoljak writes on the 4th of August, 2020, during this crisis, the largest hotel chain on the island of Hvar and one of the largest in Dalmatia, Suncani Hvar, lost 90 percent of its market overnight. As many as 90 percent of the guests of this hotel company were tourists from the USA, Canada, Australia, Brazil and from closer to home in Europe - Great Britain. Every other guest came from outside of Europe in 2019. With a quick reaction in a very short time, they managed to change the market in order to get new guests from…

August 3, 2020 - The Entrepreneurial Mindset 2020 conference, much like the entire year of 2020, brings you a lot of different, challenging, and unpredictable content, which is sure to go beyond all your expectations! It is often said that those who can tell a story hold special powers. That’s why organizers of the Entrepreneurial Mindset 2020 conference - media platform “Poduzetnik” (Entrepreneur) and EY Croatia - chose leaders in their fields - entrepreneurs, coaches and educators - for this year’s event. They will come from all corners of Croatia and some from overseas, to pass on their experience and…

The last in a series of contracts was concluded between the Croatian IGH Institute and Hrvatske ceste (Croatian roads), and it concerns the supervision of the construction of 4.5 kilometres of the eastern bypass of the town of Novi Marof. As Poslovni Dnevnik writes on the 3rd of August, 2020, in the past month or so, the Croatian IGH Institute has contracted slightly more than 52 million kuna in new contracts for the supervision and design of infrastructure in Croatia and neighbouring Bosnia and Herzegovina. The latest in a series of contracts was concluded with Croatian roads/Hrvatske ceste, and it…

Croatia Airlines was struggling with its repeated attempts to find a strategic partner and was publishing losses long before the coronavirus pandemic swept the globe, and the appearance of the new virus was the absolute last thing that the Croatian national airline needed... As Poslovni Dnevnik/Darko Bicak writes on the 3rd of August, 2020, in addition to tourism and the role in which aircraft play in that, the coronavirus pandemic has hit air traffic as a sector on its own the hardest, with operations falling by more than 90 percent in recent months. Even without the global coronavirus pandemic, airlines…

When you think of projects in Croatia which carry enormous value, you more than likely think no further than the mammoth task of constructing the long awaited Peljesac bridge down in Dalmatia, which will work to connect the extreme south of Dalmatia to the rest of the country without having to cross the border into and then back out of Neum, Bosnia and Herzegovina. But while the bridge is a strategic project for both the state and for the EU, that isn't all that's going on... As Poslovni Dnevnik writes on the 2nd of August, 2020, there is one infrastructure…

ZAGREB, Aug 2, 2020 - Four-fifths of Croatian companies are bracing for an economic downturn this year, and 70% of them say that the biggest help to them would be a reduction of fiscal and parafiscal charges in the next year, shows a survey conducted by the Croatian Employers' Association (HUP), which has about 6,000 members. Furthermore, 36% of those polled say that their priorities are better transparency, digitalisation and a smaller and more efficient state and public administration. They are also hoping for longer deferrals of tax payments during the corona crisis. One in 12 employers expect a rise in…