Business

As Poslovni Dnevnik writes on the 31st of July, 2020, in addition to preserving jobs and employee health, the main goals for the second part of 2020 are to maintain a stable financial position of ACI and adjust operations to new market conditions, according to Kristijan Pavic, President of the Management Board of ACI d.d. According to unaudited business results, Adriatic Croatia International Club for marinas d.d. (ACI) generated an impressive 72.9 million kuna in revenue in the first six months of 2020, while the EBITDA for the same period amounted to 21.4 million kuna. The published data shows that…

ZAGREB, July 31, 2020 - Six agreements on HRK 270.5 million worth of EU grants for the development of the broadband infrastructure in several Croatian counties were signed at the Regional Development and EU Funds Ministry on Friday. We have embarked on boosting information and communication technologies, and the prerequisite for that is a strong broadband infrastructure for the further digitalisation of public administration and the economy, said Minister Natasa Tramisak. In that way, we are effecting digital transformation as well as boosting economic development in rural parts of Croatia which are not commercially interesting enough in further investment, she added. The six…

As Poslovni Dnevnik/PD VL native tim writes on the 31st of July, 2020, by building such power plants, HEP can ensure that in sunny areas, the energy drawn from them can supply a large number of consumers. This is especially important, for example, on Croatia's many islands, where solar power plants can become an extremely important factor. Given that they are efficient and don't have harmful products in the production of electricity, they have an important position in the European Green Plan, which primarily implies a significant reduction in harmful amounts of CO2 in the atmosphere. The goal of the…

The Ministry of Maritime Affairs, Transport and Infrastructure announced on Wednesday that five Croatian projects, worth a total of 23.3 million euros, had been approved from the second CEF Transport Call for 2019, of which 19.8m euros would be financed through the CEF Instrument. As Novac writes on the 30th of July, 2020, the Connecting Europe Facility - CEF is intended to invest in the European Union's infrastructure priorities in the fields of transport, energy and digital technology. The Coordination Committee of the Connecting Europe Facility - CEF presented the results of the evaluation of the second CEF Transport Call…

ZAGREB, July 30, 2020 - The government on Thursday required state-owned companies to pay 60 percent of their after-tax profits for 2019 into the state budget based on the state share in their equity. The decision applies to 15 companies, including marina chain operator ACI, power provider HEP, Croatian Lottery, the Hrvatske Sume forest management company, the INA oil company and oil pipeline operator Janaf. The arms dealing agency Agencija Alan will have to pay 100% of profit into the budget which will be used for the modernisation and activities of the Croatian armed forces. Under the law on games of…

ZAGREB, July 30, 2020 - Finance Minister Zdravko Maric said on Thursday that of the HRK 63.4 billion necessary for financing this year, almost all had been secured by the summer break. Although the financing account of HRK 63.4 billion sounded really high and there was a polemic about how to secure the money, almost all have been secured by the summer break, he said in parliament. A general government surplus was planned for the first time for this year, in the amount of HRK 1.5 billion, but the coronavirus epidemic caused a drop in revenues and an increase in…

ZAGREB, July 30, 2020 - Tax debtors who received state aid for salaries for April for 557 employees due to the COVID-19 lockdown owe the state HRK 106.3 million, the Fininfo financial website said on Thursday. An analysis identified 28 employers to whom the state paid aid for April's pay in the total amount of HRK 2.24 million and who, at the time, were on the tax debtors list. Fininfo analysed 98,535 employers that received HRK 2.2 billion in state aid for the wages of 558,724 employees. (€1 = HRK 7.5)

As many as 14,000 households in the area of ​​Velika Gorica near the City of Zagreb will have the possibility of the use of ultra-fast Internet with speeds over 100 Mbit/s, and in the future these speeds will exceed 1 Gbit/s thanks to a large investment from Croatian Telecom. As Poslovni Dnevnik writes on the 29th of July, 2020, Croatian Telecom/Hrvatski Telekom, the largest private investor in the Republic of Croatia, has started implementing the most modern optical infrastructure in the area of ​​Velika Gorica which is situated close to the capital, the move will provide Velika Gorica's citizens with…

ZAGREB, July 27, 2020 - The Croatian Association of Farmers (H.U.P.) on Monday proposed that the local authorities in Osijek-Baranja County should buy the dairy plant in Osijek which the current owner, Meggle, is going to close by the end of this year. According to the proposal sent by the association to County Prefect Ivan Anusic and local councillors, the county should set up a company that can buy the Meggle plant and upon the stabilisation of its business, the plant should be offered for sale to the current 160 employees in the factory and contract farmers. Recently Meggle announced that…

ZAGREB, July 27, 2020 - Nearly one in five Croatian businesses operated in the trade sector in 2019, or 28,814 out of 136,260 enterprises, data from the Financial Agency (Fina) shows. Businesses engaging in expert, scientific, and technical activities accounted for 15.8%, construction companies for 11.9%, and those in the manufacturing industry for 10.9% of the total number of enterprises. Fina said that an analysis of financial reports showed that businesses in the trade sector had predominated in the last 20 years. The 136,260 enterprises employed 969,776 people, which is 6.4% more than in 2018. Most of them were employed in manufacturing…