Business
Wednesday, 5 February 2020
Brodosplit Manages to Save Diesel Engine Factory, Avoids Bankruptcy
The shipbuilding industry in Split has not left its company Brodosplit - Diesel Engine Factory (TDM) to go bankrupt, marking a much needed positive outcome for the otherwise enfeebled Croatian shipbuilding industry. As Poslovni Dnevnik/Suzana Varosanec writes on the 4th of February, 2020, the decision to save Brodosplit's diesel engine factory has been set in stone, and according to the company, they have big plans for it. The Commercial Court in Split has confirmed the large company's status as successful. In line with their commitment to preserving all segments of Brodosplit, the profession and the knowledge acquired in recent decades,…
Wednesday, 5 February 2020
Arena Hospitality Group Reveals New Zagreb Hotel Location
As Marija Crnjak/Poslovni Dnevnik writes on the 4th of February, 2020, the Arena Hospitality Group confirmed on Tuesday that their latest investment, which will be in a new Zagreb hotel, will be located in Amruseva street, confirming unofficial information which has been circulating since last week. As is already known, the Arena Hospitality Group, owned by the Dutch PPHE Group, announced on Thursday that it is investing in a luxury hotel in the historic part of the City of Zagreb. Since then, it has been unofficially learned that the facility is being rented by the Jewish Community of Zagreb. "We…
Tuesday, 4 February 2020
Victims of Fascism Square: Former Student Home to Become Hotel?
As Novac/Dora Koretic writes on the 4th of February, 2020, after an attractive piece of property on Zagreb's Victims of Fascism Square has sat empty almost a decade, the building that once housed students and boasted a student polyclinic could finally have a new, much more specific function. This empty building on Victims of Fascism Square would likely take on a tourism-oriented function, given that the Croatian Academy of Sciences and Arts, which also owns the property, recently launched a non-binding tender, with up to eleven bidders, with most of them interested in converting this attractive building into a hotel.…
Tuesday, 4 February 2020
23 Million Euro Agreement Signed to Reconstruct Virovitica-Pitomača Railway Line
ZAGREB, February 4, 2020 - The state-owned rail company HŽ Infrastruktura and the Austrian company Swietelsky signed an agreement in Virovitica (150 kilometres east of Zagreb) on Monday for the reconstruction of the 21-kilometre-long railway line between Virovitica and Pitomača, a project worth about HRK 170 million (€23 m). The work is expected to be completed in 18 months. The project will be financed with a commercial loan backed by a state guarantee. The upgraded line will allow trains to run at a speed of 100 kilometres an hour, which, compared with the present 80 km/h, will cut travel time…
Tuesday, 4 February 2020
Croatia Among Six EU Countries Where Average Pay Is Lower Than 10 Years Ago
ZAGREB, February 4, 2020 - Croatia is among six EU countries where workers' pay packets are lower on average than ten years ago, show data from the European Trade Union Institute (ETUI). In the period from 2010 and 2019 average pay packets, adjusted for inflation (and including social security contributions and pay benefits), went down in Croatia by five percent. The latest ETUI data show that pay packets also went down in Italy, by 2%, in Spain and Portugal, by 4% each, in Cyprus, by 7%, and in Greece, by 15%. ETUI notes that average pay packets practically froze with…
Monday, 3 February 2020
Croatian Medical Tourism's Mr Positive Ognjen Bagatin on EPIC and Patient Experience
February 3, 2020 - Croatia will be hosting the first European Patient Experience and Innovation Congress (EPIC 2020) in Dubrovnik 2020. Meet the man behind the project, Ognjen Bagatin from Bagatin Clinic in Zagreb and Split. He is the dynamic pioneer of Croatian medical tourism, a man determined to learn from the best and introduce the best to health tourism in Croatia. Which is how Dubrovnik came to be home to the first-ever European Patient Experience and Innovation Congress, taking place in Dubrovnik from March 19 - 21. TCN caught up with Ognjen Bagatin, the charismatic CEO of International Cosmetic…
Monday, 3 February 2020
Hunt for Workers Begins, Employers Seek 4,500 Work Permits for Foreigners
ZAGREB, February 3, 2020 - It is only this year that the employment rate in Croatia could reach the level of the pre-crisis 2008, when 1.6 million workers had a job and paid contributions, the Večernji List daily of Monday reports. The job offer is generally the scarcest in the winter months, but the market is waking up already in February, when demand for workers in agriculture, construction and tourism starts growing. Currently 19,000 job vacancies are advertised by the national employment office, and the Ministry of the Interior's Department for Aliens in January received around 4,500 applications for work…
Monday, 3 February 2020
Croatian Post Announces Potential Issues With Deliveries from China
Let's be completely honest, Croatian Post (Hrvatska posta) tends to have issues delivering from anywhere to anywhere, even within the borders of Croatia, let alone far beyond them. The company isn't best known for being particularly reliable. Many people have waited weeks for a parcel or letter to be delivered from Karlovac to Dubrovnik, and many others have simply had their parcels ''go missing'' and letters vanish into thin air. That being said, it looks as if Croatian Post's services could improve and finally be dragged into the 21st century with the introduction of drones to deliver packages. But what about…
Saturday, 1 February 2020
Croatia to Define Criteria for 5G Equipment Suppliers by Year's End
ZAGREB, February 1, 2020 - Following the European Commission's recommendations on 5G networks, the Croatian Regulatory Authority for Network Industries (HAKOM) will define criteria for equipment suppliers wishing to operate on the Croatian market and will award frequencies for 5G by the end of the year, the regulator told Hina. Earlier this week, the European Commission and the EU Agency for Cybersecurity (ENISA) unveiled the so-called Toolbox for 5G, a joint response by all EU member states to possible cybersecurity risks related to the rollout of 5G networks. Risks were assessed both at national level and at EU level, and…
Saturday, 1 February 2020
Investment in Croatia: Czech Energy Company Invests 80 Million Euros
As Vedran Marjanovic/Novac writes on the 31st of January, 2020, GEEN Holding, one of the largest Central European producers of electricity from renewable energy sources, will soon begin construction of its third biomass power plant in Croatia in Gospic, marking a valuable investment in Croatia. ''Over the coming days we'll start the final phase of site preparation for the project in Gospic. Construction will follow shortly, and after a year it will be finished and connected to the grid. The plant will be in full operation in the first half of 2021. Currently, over fifty percent of the necessary equipment…
Saturday, 1 February 2020
MUP Orders Two Patrol Boats - Discrimination Against Croatian Shipyards?
As Novac/Jozo Vrdoljak/Privredni.hr writes on the 1st of February, 2020, the Ministry of the Interior (MUP) has launched a public tender for the construction of two patrol vessels intended for border control worth 39.5 million kuna excluding VAT, but the conditions defined in the tender are such that no Croatian shipyards can fulfil them. Some who know the business have claimed that according to their analysis, MUP's tender looks like it was done exactly according to the design of something an Italian shipyard could do. ''The tender evaluation criteria was deliberately set up to discriminate against Croatian shipyards. For example,…
