Business

ZAGREB, March 3, 2020 - The construction of a gas pipeline for the LNG terminal along the Omišalj-Zlobin route is going according to plan and the completion of that HRK 430 million investment is planned for the end of this year, the Plinacro natural gas transmission company reported on Tuesday. The construction works, which began in mid-December, are being conducted along the entire gas pipeline route from the future Zlobin hub to the future intersection in Omišalj, Plinacro said in a press release. Preparations have been conducted along the entire route with 60% of the required trenches already dug out…

ZAGREB, March 3, 2020 - The threat that the coronavirus outbreak brings is a good example of how innovations in health, in this case finding a new vaccine, can contribute to the efficiency of the health system, it was said on Tuesday at a meeting of the American Chamber of Commerce in Croatia (AmCham). *Follow this article for live updates and this page for updates from Total Croatia News on the coronavirus in Croatia. An archive of updates can be found here. Contact numbers for epidemiologists, travel advisories and measures for preventing the spread of the coronavirus can be found here. Assistant…

As Novac writes on the 2nd of March, 2020, as many as two-thirds of Croatian companies are already experiencing the negative effects of the current coronavirus outbreak in their business operations, and more than 50 percent of them have experienced a fall in turnover, according to a poll by the Croatian Chamber of Commerce (HGK). Travel agencies, accommodation, food preparation and logistics companies are among the hardest hit, and small and medium-sized Croatian companies are feeling more of a negative impact than the larger ones. ''HGK immediately communicated the problems with crossing the border reported to us by transporters from…

Coronavirus is a threat to not only public health, but to the global economy. With China, from where COVID-19 originated (Wuhan), being the place almost everything tends to be made, the global economy is taking a massive hit. Things for international tourism are also looking somewhat concerning. With Europe's tourist season just around the corner, how much of a hammering can Croatian tourism - the country's strongest economic branch - expect? As Novac/Ruzica Mikacic writes on the 2nd of March, 2020, the world's tourism industry, which has been steadfastly resisting terrorism, wars, epidemics, fear of (a lack of) security when…

The words ''employment in Vukovar'' aren't commonly said or heard. Vukovar, as well as the entire eastern region of Croatia is known more for its workers abandoning it in favour of Germany and Ireland than its workers generating their income there. Vukovar, once ravaged by war, isn't a place that draws much attention from would-be investors or business owners. Is all of that about to finally alter? As Darko Bicak/Poslovni Dnevnik writes on the 1st of March, 2020, interest in Vukovar has been expressed by a Zagreb-based company which employs 650 people in Croatia, Germany and across the Atlantic in…

ZAGREB, March 2, 2020 - AD Plastik, the Croatian Air Traffic Control, and Lidl Croatia have won the Deloitte Green Frog awards for the best sustainability report, progress in reporting, and originality in reporting in 2019, Deloitte Croatia announced. The AD Plastik Group won the Green Frog Award 2019, awarded by Deloitte Croatia for the best sustainability report, and this year the Croatian Employers Association (HUP) and Global Compact Network Croatia joined the jury as full members. The award for progress in reporting was also presented, and it was won by the Croatian Air Traffic Control. Also, the award for…

"F*ck this hysteria!" wrote a frustrated Mate Rimac after the news broke that the Geneva Motor Show has been cancelled three days before it was due to open owing to the increasing fear of the spread of the coronavirus, which has already seen other huge events cancelled. As Novac/Filip Pavic writes on the 29th of February, 2020, Croatian entrepreneur Rimac was supposed to be one of 180 exhibitors at the Geneva Motor Show, otherwise one of the most important international motoring events, which was supposed to hold its 90th edition this year. The autoshow was cancelled after the official confirmation…

As Poslovni Dnevnik writes on the 29th of February, 2020, in addition to the minimum net salary of 5,000 kuna, Christmas bonuses and other rewards, Valamar introduced a thirteenth salary in 2019. A large number of hotels and camps have been awarded more than fifty national and international awards, and for the third time now, Valamar Riviera has won the Best Investor Relations Award. According to the revised annual results for 2019, Valamar Riviera generated a massive 2.22 billion kuna in total revenues, marking a significant 10 percent growth when compared to the previous year. In 2019, there were 6.8…

ZAGREB, February 28, 2020 - A total of 19.5 million tourists stayed in commercial accommodation in Croatia in 2019, an increase of 5% compared with 2018, while the number of overnight stays rose by 2% to 91.2 million, the National Bureau of Statistics (DZS) said on Friday. A total of 2.2 million domestic tourists stayed in commercial accommodation, up by 9.4%, and generated 7.1 million overnight stays, nearly 10% more than in 2018. Croatian tourists were the second largest group to stay in commercial accommodation, behind Germans, whose number reached 2.9 million, up 3.5%. German tourists generated by far the…

ZAGREB, February 28, 2020 - Croatia's economy grew by 2.5% in the fourth quarter of 2019 compared to Q4 2018, which is a lower rate than in Q3, when economic growth was at 2.9%. The national statistical office (DZS) on Friday published its preliminary estimate, which shows that GDP saw an annual increase of 2.5% in Q4 2019, the 22nd consecutive quarter to see an increase in GDP albeit lower than in the previous quarter. In 2019 GDP grew by 2.9%, which is more than the year before, when the growth rate was 2.65%. The faster GDP growth in 2019…