Business

As Poslovni Dnevnik/Lucija Spiljak writes on the 12th of December, 2019, the Republic of Croatia loses more than ten percent of its GDP annually due to corruption, fraud and financial crime, and last year, according to the Corruption Perceptions Index, Croatia ranked a somewhat unimpressive 60th out of 180. Corruption in Croatia is rife, but what can we do to stop it, and what is being put in place to help? Foreign investment should be (and indeed could be) a happy story indeed. This country boasts a wealth of opportunity and potential, but red tape, draconian laws and corruption in…

ZAGREB, December 12, 2019 - The Primorje-Gorski Kotar County Assembly on Thursday endorsed a motion to amend the county's physical plan to facilitate new investment in the economy at the initiative of the JANAF, Delmont and Lošinjska Plovidba companies and Dobrinj municipality on Krk island. One of the initiatives is to expand the capacity of the JANAF oil pipeline operator's terminal in Omišalj. The initiative envisages building six 80,000 m3 storage facilities for crude oil, which will replace the existing 40,000 m3 tanks; and building three 15,000 m3 storage facilities for oil products and replacing one 5,000 m3 tank with…

Blackard Global, an American company based in Dallas, Texas – which has been responsible for over two billion in investments for real estate projects around the world, regretfully has to say that it is abandoning its investment project on the Croatian island of Pašman. Although they have encountered a professional approach, a transparent attitude and satisfactory communication with the Pašman municipality and Zadar county, the Blackard Global investors must withdraw from the project for several reasons, according to Novac/Jutarnji List on December 11, 2019. American Encounters Unexpected Financial Obligations Considering that the American firm had already invested hundreds of thousands…

The attribute of a fast-growing company implies an average annual growth of employees of more than 10 percent over a three year period, and Croatian companies are higher than the European Union average in that sense. As Jadranka Dozan/Poslovni Dnevnik writes on the 11th of December, 2019, in the business sector in Croatia, the share of fast-growing companies is higher than the EU average, and in the competition of 10 so-called New Europe countries, Croatia is right in the middle. As stated, the attribute of a fast-growing company implies an average annual growth in the number of employees over 10…

The second largest system integrator in the country, King ICT, boasts 500 employees and as much as 90 percent of its revenue is generated right here on the Croatian market. As Bernard Ivezic/Poslovni Dnevnik writes on the 11th of December, 2019, Croatia's King ICT plans to round off the year 2019 with an incredible one billion kuna in revenue and more than 500 employees under its belt. This will make it the fourth IT company in all of Croatia with revenue above the more than impressive aforementioned amount. According to the latest data, for 2018, Croatian IT billionaire companies are…

14. prosinca 2019. - Od male obiteljske tvrtke s jednom prodavaonicom od 35 m2 1990. do mjesta na listi 50 najinovativnijih kompanija u Europi Londonske burze. Upoznajte Tokić Hrvatska. Jeste li znali da je Peter Altmaier, njemački ministar gospodarstva i energije posjetio hrvatsku automobilsku kompaniju prošli mjesec, da bi saznao više o inovativnim tehnikama u industriji u kojoj je Njemačka globalni lider? A pritom ta kompanija nije bila Rimac automobili? Postoji ta izreka da će vam Hrvati oprostiti sve osim uspjeha. To je jedan od razloga zašto priče o uspjehu u Hrvatskoj često prolaze ispod radara, zašto je toliko ljudi…

ZAGREB, December 11, 2019 - Croatian Chamber of Commerce (HGK) president Luka Burilović said on Wednesday that the national economy was heading in the right direction but called for stepping up the pace. "We can be moderately satisfied with the outgoing year. All important macroeconomic indicators are positive. We have yet another record tourist year and our consumption and investments have been growing. That growth is still not at the rates we want it to be at but is enough to make us optimistic about next year. We are heading in the right direction but we must step up the…

Beloved Croatian entrepreneur Mate Rimac is expanding Rimac Automobili's business to neighbouring Slovenia, where he will open a test centre code-named Hyper E-Car Lab in Novo Mesto. As Bernard Ivezic/Poslovni Dnevnik writes on the 11th of December, 2019, Mate Rimac entered into this business in cooperation with the Slovenian company Lastinski Inzenjering from the former Slovenian Minister of Infrastructure, Energy, Transport and Spatial Planning Samo Omerzel. "Lastinski engineering has offered for us to expand our testing capacities with a facility in Slovenia, which, given the cooperation we have, makes sense not only for us, but also allows many other manufacturers…

The Port of Rijeka was once booming with industry, as was the ''city that flows'' itself, but as times changed, so did the port and its purposes and capabilities. Over the last 100 years, Rijeka has ''changed hands'' and been in many different countries, it has seen the collapse of the Austro-Hungarian Empire, monarchy and much more, and the Port of Rijeka has taken the brunt of every fall. Could this large port located on the Kvarner Gulf, the very first written records of which date way back to the year 1281, become the largest container port in the entire…

As Poslovni Dnevnik writes on the 10th of December, 2019, the company Zhongya Real Estate (Nekretnine), whose Chinese co-owner is Jiang Yu, paid a massive 1.14 million kuna for some construction land covering nearly 27,000 square metres in Kumrovec. The construction land the Chinese investor has now paid in full for is Josip Broz Tito's hometown, is in the immediate vicinity of the controversial former political school, more specifically hotel Zagorje, located in Krapina-Zagorje County in the northern part of the country, close to the Sutla river and the Croatian-Slovenian border. This payment regards a plot of land for which…