Business

The Zagreb budget and the city companies that also rely on it are now finding themselves beginning to buckle under the pressure and strain caused by the economic crisis. As Poslovni Dnevnik/Gordan Kozulj writes on the 22nd of May, 2020, the past few challenging months have shown how difficult it is for the world's largest economic powers to cope with the problems caused by the coronavirus pandemic. The majority of the world is now entering the biggest economic crisis since World War II as the coronavirus pandemic continues to bite. But add to all of that, the devastating earthquake as…

As Marija Crnjak/Poslovni Dnevnik writes on the 22nd of May, 2020, so far, as many as 80 percent of clients of Croatian travel agencies have agreed to accept vouchers instead of refunds, and with ''voucher measures'' and the introduction of a moratorium on refunds, agencies are protected with around 200 million kuna, the Association of Croatian Travel Agencies (UHPA) revealed. However, the turnover of Croatian tourist agencies is still close to zero, nobody has started entering their branches just yet, even though they have opened again, and the question is how these agencies will survive if the minimum wage measure…

Maj 22, 2020 - The Prime Minister toured the most luxurious ship in the world, currently anchored in the port of Rijeka, not far from his sister vessel, which construction began recently in Rijeka shipyard 3. maj as a part of an investment worth 860 million euros Prime Minister Andrej Plenković, accompanied by Minister of Economy, Entrepreneurship and Crafts Darko Horvat, Minister of the Sea, Transport and Infrastructure Oleg Butković and Minister of Tourism Gari Cappelli, visited the Scenic Eclipse, the best luxury ship in the world according to critics from last year. The luxury 6-star ship, owned by the…

May 22, 2020 — Croatia’s Prime Minister Andrej Plenković promised more aid to hard-hit economic sectors, shying away from the broader actions the government took when the coronavirus pandemic began. The announcement came in a freewheeling press conference that tackled everything from the local governments to upcoming elections. “We will try to calibrate the measures only for those sectors that will obviously be in more difficult circumstances,” he said after a government session. “There are several of them, primarily related to tourism, partly to catering and, of course, to transport.” The Croatian Democratic Union (HDZ) head’s announcement comes after Parliament…

As Poslovni Dnevnik/Marija Brnic writes on the 21st of May, 2020, the well known Croatian Borovo factory proved to be the topic of a turning point in the relations between Prime Minister Andrej Plenković and Vukovar Mayor Ivan Penava and his departure from HDZ. Both politicians, despite their differences, are right in their own respective ways when they talk about the role the state actually plays in Borovo's operations and business. The company is being kept afloat only thanks to the extraordinary income from various combinations with assets, and loans guaranteed by the Croatian state. However, Borovo must pay back the…

As Novac writes on the 21st of May, 2020, HAMAG-BICRO has stimulated the Croatian economy in the amount of 230 million kuna through measures introduced by the government, and within the aid package for micro, small and medium-sized businesses. As early as March the 6th, 2020, the aforementioned agency was one of the first to activate the implementation of six measures and in just two months, it provided liquidity for more than 500 businesses in the amount of more than 165 million kuna through loans. HAMAG-BICRO's package of measures to help the economy, which adapted the existing four and introduced…

Human and Google won both the Jury and People’s Vote in the 2020 Webby Awards ZAGREB, May 21st, 2020 - Croatian agency Human won the award for best website practices based on six main criteria of the IADAS academy at international Webby Awards, considered to be the web 'Oscars'. Celebrating the best internet achievements in 2019, the awards received over 13,000 entries from 70 countries. Among the finalists were HBO, NASA, Spotify, Saturday Night Live and others. Except Google, Human also beat Samsung, KLM and Khan Academy in their category. By winning votes of both the Jury and People, Human…

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 20th of May, 2020, Zagreb's popular Zabac Food Outlet is expanding its business despite the ongoing coronavirus pandemic. On its Facebook profile, Zabac announced that it was set to open its fourth low price food store, the first in Novi Zagreb. It will be located in space in Travno, on the ground floor of the so-called Mamutice, otherwise the largest residential buildings in Zagreb and in Croatia. "The store is set to open on July the 1st, 2020, is located at 9 Božidar Magovac street, it will cover about 400 square metres and…

As Novac/Matea Grbac writes on the 19th of May, 2020, although the domestic and world economies are gradually opening up again, and people's lives are returning to a slightly altered sort of normalcy, the Croatian economy is still far from out of the woods. Kutjevo has set job preservation as one of its main strategic goals in these strange times. In these moments of crisis caused by the coronavirus pandemic, preserving jobs has become the biggest challenge for each and every employer. Day by day, we're witnessing the devastating statistics on the growth in the number of unemployed people, of…

May 19, 2020 — Fires, murder, drugs, and general embarrassment did not slow the pulsating club scene at Pag’s Zrće Beach. Then came the coronavirus.  The pandemic may halt the annual flock of thousands of party-goers streaming to the Zrće’s clubs, spending about €120 a day while renting accommodations in the nearby town of Novalja, according to locals. The partiers spend close to €100 million annually, helping make it the richest town per capita in the country. “This was supposed to be a record tourist season, but we are now aware that it will be one of the most demanding,”…