Business

September the 5th, 2022 - Croatian Government measures rapidly introduced for those most negatively affected by the global coronavirus pandemic managed to see many hotels keep their heads above water throughout that unprecedented crisis. Croatian farmers are now seeking the same aid for the agriculture sector, battered by a severe drought. As Poslovni Dnevnik/Jadranka Dozan writes, due to the unprecedented drought and owing to the impact of energy prices on production costs, including the problem of lack of fodder, Croatian farmers are rightly fearful of an extremely uncertain autumn. Several counties across the nation have declared a natural disaster, and the…

September the 4th, 2022 - Retired Croatian General Ivan Cermak has purchased a villa in Opatija which was owned by Russians. He made the purchase this summer, and it totalled 12.5 million euros. As Morski writes, Ivan Cermak has bought one of the most beautiful villas on the entire Opatija Riviera, Villa Lenac, from its formerly Russian owners. In an interview with Index Investigation, he confirmed the purchase, but showed little willingness to discuss any numbers or prices. However, Index investigations (istrage) then came into possession of the sales contract, which shows the price of almost 94 million kuna for…

September 4, 2022 - Looking for a job in Croatia? A new weekly feature on TCN, in partnership with leading job site agency, Posao.hr, who present a selection of weekly job listings. How hard is it to find a job in Croatia, and what is on offer? We spoke to Ines Bokan, director of leading jobs site Posao.hr, who kindly took the time for this excellent interview overview.   Ines has kindly agreed to work with us on a new weekly feature on TCN - a weekly selection of 10 job listings, as chosen by Posao.hr.  Details and links to the…

September the 3rd, 2022 - Fiscalised invoices, bills and receipts issued across Croatia during the month of August are very encouraging, exceeding August 2021's amount by a very impressive 5.1 billion kuna more. As Poslovni Dnevnik/Jadranka Dozan writes, while various statistical indicators of Croatian economic activity typically arrive with a greater or lesser time lag depending on the sector we're talking about, the first figures on the movement of consumption measured by fiscalised traffic, which really means physical indicators of the tourist season, are publicly available practically immediately. That means that even though we've only just entered the month of…

September the 3rd, 2022 - Croatian industrial production slowed down during the scorching summer month of July this year according to the Central Bureau of Statistics (CBS). Inflationary pressures, the Russia-Ukraine war and economic downturn all pose continuing threats. As Poslovni Dnevnik/Josipa Ban writes, back during July this year, Croatian industrial production increased by 2.9 percent on an annual basis, while it fell by 1.9 percent on a monthly basis, data from the CBS shows. Growth experienced back during July was slower than it was one month earlier, when Croatian industrial production increased by 3.8 percent on an annual basis.…

September the 3rd, 2022 - The war in Ukraine is still raging on following the horrendous Russian invasion which began back in February this year. Hope, however, is still being found in this tragedy, and some Ukrainian capital market reformists are keen to hear the post-war Croatian experience of the late 90s and early 2000's. As Poslovni Dnevnik/Ana Blaskovic writes, now having an official status of a candidate for membership in the European Union (EU), Ukraine is slowly starting to align its legal acquis with the common European one, despite the ongoing war. The country is roughly where Croatia was…

September 2, 2022 - Since its opening two and a half years ago, in February 2020, the Vinkovci Business Incubator has met, and, it is safe to say, exceeded all expectations and predictions - all capacities have been completely full for a long time, and only in the past year 22 companies with 63 employees were located in that area, while more than 160 entrepreneurs participated in organised workshops and round tables with the aim of increasing their entrepreneurial knowledge and skills. As Glas Slavonije writes, wanting to be informed about their business plans and to get first-hand information and…

September the 2nd, 2022 - The extraordinary assembly of the Crikvenica hotel group Jadran, which is backed by the Croatian pension funds PBZ/CO and Erste Plavi, gave the green light to the Management Board for the purchase of the Grand Hotel View in Postira on the island of Brac worth 47.1 million euros, equal to about 355 million kuna. As Poslovni Dnevnik/Ana Blaskovic writes, back on June the 1st of this year, Jadran took over the management of the controversial Postira hotel, which filled the newspaper columns while it was still under construction due to its size and the fact that it…

September the 1st, 2022 - There are less and less Slavonian employees working along the Croatian coast, particularly in Dalmatia where they were once commonplace in bars, restaurants and in hotels. As Morski writes, the number of Slavonian employees who work seasonally along the Croatian coast has dropped significantly. For years, Slavonian employees were a kind of "sign" of every summer tourist season along the Adriatic, but that seems to have come to an end. The statistics of the Osijek Regional Office of the Croatian Employment Service (HZZ), which was the (second) largest pool of seasonal workers for the Adriatic,…

August the 31st, 2022 - Croatia osiguranje's (insurance) LAQO has introduced cryptocurrency payments on its webshop, making it the first insurance company in all of the Republic of Croatia to enable this type of payment. As Poslovni Dnevnik writes, the owners of cryptocurrencies can now buy Compulsory and Kasko car insurance, completely digitally, in a simple, quick and smart way on the LAQO website. This innovation was introduced in cooperation with the well-known Croatian fintech company Electrocoin, and payment with cryptocurrencies takes place through their electronic payment service PayCek, which guarantees security to customers. As many as thirteen different cryptocurrencies can…