Business

January 12, 2020 -Everyone is invited to the 4th Adria Business Network, organized by entrepreneurs Željka Barišić and Kristina Krstinić, which will be held on February 5,2020, at 6 pm at the FORUM Zagreb Convention Center, Radnička cesta 50. Guest speaker Dace Ulste will lead the first part of the event. Ulste is known for bringing together and helping Croatian entrepreneurs effectively reach new clients and business opportunities through mutual personal recommendations using a BNI structured and focused business networking system. BNI, the world's largest and most successful business networking network, which currently has 250,000 actively involved businesses from 80…

ZAGREB, January 11, 2020 - More than 8,000 flats have been built through the socially subsidised housing programme (POS), an investment worth HRK 4 billion, and 1,000 new flats are to be built by the beginning of 2021, the Construction and Physical Planning Ministry announced on Friday. The flats are to be built in the following locations: Zagreb, Zadar, Split, Trogir, Solin, Biograd na Moru, Bol, Cres, Krk, Kraljevica, Lovran, Osijek, Poreč, Vis and Vrsar. The maximum price can amount up to 1,319.64 euro per square metre. Apart from the price per square metre, POS benefits include a credit line…

Nenad Bakić talked to Branko Podgornik from Novi list about the year he spent as the President of the board of Varteks. Nenad Bakić, a prominent Croatian entrepreneur, probably had one of the hardest years of his life in 2019. He was the President of the board of Varteks, and has dedicated almost all of his energy to saving the company from failing, and it seems that he's succeeded. In the last couple of days of 2019, he was showered with truthful and touching messages of gratitude on social media. In them, the workers of the company with the hundred…

ZAGREB, January 10, 2020 - In 2020 the Croatian National Bank (HNB) will have additional macro-prudential measures at its disposal and it will impose them on commercial banks to maintain the financial system's stability, and the exchange of data on customers' creditworthiness will be reintroduced, according to some of the draft acts that are to be adopted. In late 2019, the Finance Ministry put to public consultation a set of draft acts adjusted to the European acquis within the context of steps which should be taken on Croatia's journey towards the euro area. The public consultation lasted until this week.…

ZAGREB, January 9, 2020 - According to the latest World Bank estimates, Croatia's growth in 2019 and 2020 is forecast to pick up to 2.9% and 2.6% respectively, which means that the difference from previous estimates is respective 0.4 and 0.1 percentage points. The World Bank's Global Economic Prospects, issued on Wednesday. reads that in 2021, Croatia's economy is likely to slow to 2.4%, and this forecast is the same as in the previous report issued in June 2019. Croatia's economy is set to grow at the rate of 2.4% also in 2022. The latest report reads that the growth…

ZAGREB, January 8, 2020 - Expectations in Croatia's economy in December 2019 remained virtually unchanged compared to November 2019 riding on the wave of optimism in the construction sector as a counterbalance to pessimism in the retail sector, says a report released by the European Commission on Wednesday. The Economic Sentiment Indicator (ESI) rose in December by 0.3 points to 114.4 points. In November it increased by 0.8 points. Expectations in the construction sector improved the most, with the ESI going up by 4.8 points. The industry sector followed with a growth of 1.1 points. Consumer sentiment remained almost unchanged compared…

ZAGREB, January 8, 2020 - Ljubljana District Court on Tuesday upheld a decision by the Slovenian Competition Protection Agency (AVK) on the expropriation of Mercator shares owned by the Croatian food company Agrokor, rejecting the appeal in that case as unfounded, AVK said. AVK said on its website it had received a decision by Ljubljana District Court regarding an appeal submitted by Agrokor against a decision by AVK to temporarily confiscate Agrokor's shares in Mercator in an effort to secure the enforcement of a misdemeanour decision. "The agency explains that the decision by the relevant court has entirely upheld the…

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 6th of January, 2020, GlobalLogic, an American company that has an office in Zagreb, has developed a piece of very interesting technology known as GLOface, which also has the ability to detect possible illnesses based on an analysis of drivers' facial symptoms. GlobalLogic, an American-owned software development company specialising in product engineering, which also has an office in the Croatian capital city with about a hundred employees working there in total, has developed GLOFace, a solution it says recognises driver problems while driving, just by analysing their faces. For example, GlobalLogic's new innovation…

Savka cesta, an important, busy and visually neglected Zagreb street will welcome a 4-star 17-story luxury hotel with bars, shops and lounges; which will help revitalize this part of the city. The winning submission has recently been selected for the architectural design competition of the complex, which will span a long-neglected plot at the intersection of Savska and Nova cesta, across the road from the Vjesnik building. Unidentified German Group to Invest 40 Million EUR A German entrepreneur is investing 40 million EUR into the hotel, and if all goes according to plan, they could break ground this year, so…

ZAGREB, January 6, 2020 - The gilt-head sea bream also called Orata and the sea bass also known by its Italian name branzino are exported more and more from Croatia to the European Union's market, while the top exporting fish from Croatia to Japan is tuna, according to the data provided by the Croatian Chamber of Commerce (HGK) on Monday. In the first eight months of 2019, Croatia exported fresh or chilled Atlantic bluefin tuna in the amount of 2,800 tonnes, worth 31.2 million euro, as against 33.9 million euro for 3,000 tonnes exported in the whole of 2018. In…