Business

December 2, 2019 - Everyone is invited to the third Adria Business Network, organized by entrepreneurs Željka Barišić and Kristina Krstinić, which will be held on December 18, 2019, at 6 pm at the Bagatin Clinic, located at Avenija grada Vukovara 269 G / 2nd floor. In the first part of the event, the guest lecturer, director of the Bagatin Clinic, Ognjen Bagatin, will share how, in just a few years, his family business has grown to 120 employees working in three locations. Bagatin will also touch on the questions: - Why has the Deloitte Polyclinic been listed as one…

MIT Bootcamp Zagreb is an intensive training program on innovation and entrepreneurship management, being held for the first time ever here in Europe. The first MIT Innovation & Entrepreneurship Bootcamp in Europe was presented on Friday in the Croatian capital. As Poslovni Dnevnik/Marta Duic writes on the 1st of December, 2019, this is an intensive training program on innovation and entrepreneurship management, which will be held for the first time in Europe, more precisely in Zagreb, with the cooperation of Algebra, FER and the Massachusetts Institute of Technology (MIT). It is MIT's first collaboration with Croatian institutions, and the project is…

An incredible substance detector has been developed in Zagreb for use in ports across the globe. The piece of innovation made in Croatia will certainly see the respected Zagreb institute gain even more of the scientific limelight. As Poslovni Dnevnik writes on the 1st of December, 2019, the Ruđer Bošković Institute (IRB) in Zagreb could soon become one of the global centres for the development and production of sophisticated security equipment for the detection of nuclear and other hasardous substances. On Friday, the aforementioned institute presented a fascinating prototype of their substance detector for cargo control at seaports, the device would…

ZAGREB, November 30, 2019 - Croatian citizens are expected to spend 15.3 billion kuna over the coming holidays, 500 million kuna more than a year ago, the Croatian Chamber of Commerce (HGK) said on Saturday. The estimate refers to the period from December 1 to January 1. Retail is the main driver of the holiday consumption and it is estimated that it will generate about 14 billion kuna, Tomislava Ravlić of the HGK told a press conference. The 15.3 billion kuna spending estimate is based on the tax reform and wage growth, another good tourist season, higher consumer optimism and…

As Poslovni Dnevnik/Bernard Ivezic writes on the 28th of November, 2019, in less than an hour, the amazing Croatian startup STEMI raised over one million in capital (154,000 euros) to expand its operations in the USA and Germany. The group investment campaign at Funderbeam SEE for the Rijeka-based educational and technological (edtech) startup STEMI, which celebrated with the first Croatian educational robot Hexapod, has now set a new investment record in Croatia with its incredible acheivement. So far, nobody on the entire platform, jointly run by the Estonian Funderbeam and the Zagreb Stock Exchange, has managed to reach their first…

As Poslovni Dnevnik writes on the 29th of November, 2019 the Business Cafe in Zagreb event was attended by Mate Rimac, Croatian innovator, entrepreneur and founder and CEO of Rimac Automobili and Greyp Bikes, Joe Bašić, the owner of MPG, known for the Ultra Festival, Urška Sršen, co-owner of the world-famous Bellabeat and Berislav Horvat, Country Managing Partner of EY Croatia, the organiser of the EY Entrepreneur of the Year program in Croatia. Joe Bašić is a child of Canadian expatriates who immigrated to Croatia in 1997 because of perceived business opportunities and what he deemed to be a  excellent…

ZAGREB, November 29, 2019 - The Croatian parliament on Friday voted in a set of nine tax laws making up the fourth tax reform which brings tax reliefs in the amount of HRK 2.4 billion. The changes bring a lower, 13% VAT rate on food and dessert preparation and serving in and outside catering establishments, and a lower VAT rate for holders of phonographic rights. As for income tax, the non-taxable income has been raised from 3,800 to 4,000 kuna. Income tax for young people under 25 is reduced by 100% while income tax for young people aged 25-30 is…

ZAGREB, November 29, 2019 - In October 2019, industrial production in Croatia went up by 0.3% on the year, while the annual increase over the first ten months of 2019 was 0.9%, the national statistical office said on Friday. In October 2019, as compared to September 2019, industrial production decreased by 1.3%. In October 2019, as compared to October 2018, durable consumer goods increased by 8.1%, energy by 6.4% and capital goods by 0.1%, while intermediate goods decreased by 2.6% and non-durable consumer goods by 1.7%. Over the first ten months of 2019, the most important component of industrial production,…

ZAGREB, November 28, 2019 - Economic sentiment in Croatia improved mildly in November owing to optimism in industry and retail, and optimism improved mildly also in the EU and the euro area, shows a report released by the European Commission on Thursday. The Economic Sentiment Indicator (ESI) rose in November by 0.8 points compared to the previous month to 114.1 points. In October it dropped by 1.4 points. Business expectations improved the most in November in industry, with ESI going up by 3.9 points. The retail sector followed, with ESI growing by 3.3 points. Consumer confidence remained at the same…

ZAGREB, November 27, 2019 - In the third quarter of 2019, the Croatian economy grew by 2.9% on the year, a somewhat faster growth compared to the second quarter when GDP increased by 2.4%. The Croatian Bureau of Statistics (DZS) on Wednesday released its initial estimate according to which Gross Domestic Product (GDP) in the third quarter increased by 2.9% on the year. That is the 21st quarter in a row that Croatia's GDP has grown. The biggest positive contribution to GDP in Q3 came from a growth in the export of commodities and services, and household consumption, DZS reported. Household…