Business
Friday, 22 November 2019
Work Permits Quota for Foreigners Set at 78,470 in 2020
ZAGREB, November 22, 2019 - The Croatian government on Friday decided that during 2020 it would be possible to issue 78,470 work permits for foreigners in 2020. The quota includes new employment of foreigners, seasonal employment, transfer of workers within a company and employment for strategical investment projects. The new employment quota stands at 64,604 permits. Broken down by sectors, construction can hire 33,300 foreigners, tourism and hospitality service can count on 18,370 permits, the transport sector 2,904, metal industry 2,300, food industry 1,410, agriculture and forestry 1,380 and so on. Some 12,770 permits are expected for seasonal workers with…
Friday, 22 November 2019
Investments in Croatian Startups to Reach 120 Million USD in 2019
As Poslovni Dnevnik/Bernard Ivezic writes on the 21st of November, 2019, the largest VC fund investing in startups in the EU has announced that Croatia is the 20th largest in continental Europe in terms of investment and that its number of developers is growing. Investments in Croatian startups this year will reach a record 120 million US dollars according to Atomico, which is otherwise Europe's largest startup fund. In an annual review of "The State of European Tech 2019", Atomico states that Croatia is twentieth in Europe in terms of received investments in startups. This is the best description of the…
Thursday, 21 November 2019
Croatia Will Push for Establishment of Energy Union
ZAGREB, November 21, 2019 - The Islands Forum on European islands' clean energy began in Podstrana near Split on Wednesday, with Energy and Environmental Protection Minister Tomislav Ćorić saying that Croatia would push for the establishment of the Energy Union during its EU presidency. "Alongside clean energy for islands, we also plan to focus on the continuation of the establishment and implementation of the Energy Union as well as on transitioning to clean energy, which will include activities and measures for the reduction of harmful emissions and the development of a low-carbon economy, in line with a just energy transition,"…
Wednesday, 20 November 2019
Television Broadcasters Earn 143.3 Million Kuna in Profit
ZAGREB, November 20, 2019 - The total profit of television broadcasters in 2018 was 143.3 million kuna, shows an analysis conducted by the Financial Agency (FINA) on the occasion of World Television Day, November 21. In 2018, there were 52 companies broadcasting television programmes with 3,794 employees, their total revenues amounting to 2.3 billion kuna, up 2.3% from the previous year. Their expenditure was 2.1 billion kuna, 0.6% more than in 2017, and they earned 143.3 million kuna in net profit, 7.8% more than in 2017. Thirty-four broadcasters operated at a profit of 155.5 million kuna, an increase of 4.8%,…
Wednesday, 20 November 2019
"Milk from Croatian Farms" Label Guaranteed by Non-Existent Agency?
ZAGREB, November 20, 2019 - Green List party leader Nenad Matić said on Wednesday that Croatia was importing more and more milk, that the milk produced by domestic farmers was not purchased and that milk production was on the decline, as well as that the "Milk from Croatian Farms" label was guaranteed by the Croatian Agricultural Agency (HPA), which no longer existed. "We are warning the government and inspections that the HPA stopped operating at the end of last year and that it no longer exists, as well as that some of the Croatian producers still have on their products…
Wednesday, 20 November 2019
Karlovac Company Adriadiesel Completes Complex Task for Nuclear Power Plant
Once upon a time, Croatia used to have a very strong industry and produced and exported some major components and tools. These days, we're rarely reminded of that bright past, but Adriadiesel company did just that. Adriadiesel company is the biggest in southeastern Europe when it comes to producing diesel engines and the equipment for energy and technology factories. In early August the company reported on their website that an engine was delivered to them from the Smolensk Nuclear Power Plant. Smolensk is one of the biggest such plants in Russia. The diesel engine of the type 12ZV40/48 was originally…
Wednesday, 20 November 2019
Government Opening Talks With Merkel About VW Arrival in Croatia
Minister Darko Horvat said that all forty required parameters for the investment have now been satisfied and that the government had put together a proper offer. On Wednesday, the Croatian Government will open talks with German Chancellor Angela Merkel on the arrival of Volkswagen in Croatia. As Poslovni Dnevnik/Bernard Ivezic writes on the 20th of November, 2019, this information was announced by Economy Minister Darko Horvat at the HUP conference "Industry 4.0 - Opportunity and/or Challenge" held on Tuesday in Varaždin. Although just three weeks ago, VW production chief Andreas Tostmann told Reuters that they were not looking for an alternative…
Tuesday, 19 November 2019
AD Plastik, HiPP, Media Val and OiV Win Prizes for Corporate Social Responsibility
ZAGREB, November 19, 2019 - This year's laureates for prizes of corporate social responsibility (CSR), according to the results measured by the CSR index, are AD Plastik, HiPP Croatia, Media Val and OiV companies. The AD Plastik car parts manufacturer was awarded in the large companies category, HiPP in the medium-sized businesses category, Media Val won in the small business category and the OiV - Transmission and Communications company is the best in the sector of public companies. The awards were presented at a conference for socially responsible business, organised by the Croatian Business Council for Sustainable Development (HR PSOR)…
Tuesday, 19 November 2019
Proportion of Women in Ownership Structure of Companies in Croatia at 31.3%
ZAGREB, November 19, 2019 - The proportion of women in the ownership structure of companies in Croatia in 2018 was 31.3%, according to a study by the Financial Agency (FINA), released on Tuesday on the occasion of World Women Entrepreneurs' Day. The study found that last year 26,676 companies or 22% were solely owned by women, while an additional 12,518 companies were co-owned by women with men and/or legal entities, which puts the total proportion of women entrepreneurs at 31.3%. It also revealed that the proportion of women owners/founders of companies had gradually increased from 2010 to 2018, as the…
Tuesday, 19 November 2019
Croatia Improves But Still Isn't in Position to Keep Talent in Country
As Novac/Adriano Milovan writes on the 18th of November, 2019, the Republic of Croatia has managed to climb one place up in this year's World Talent Rankings, and now, according to a new report from the Lausanne Institute for Business Management Development (IMD), it ranks 53rd out of the 63 countries which were surveyed. The Talent Report assesses a country's ability to build, attract and retain talented individuals so that it can form the much needed basis for increasing competitiveness and economic growth. Ratings are given on the basis of three key factors - investment and development, then, the country's…
Tuesday, 19 November 2019
Ludbreg's Lucera Business Incubator Partakes in VR Days in Amsterdam
As Poslovni Dnevnik writes on the 18th of November, 2019, the Lucera business incubator from the centre of the world, also known as the continental Croatian town of Ludbreg participated in VR Days in Amsterdam this year. The event in the Netherlands is otherwise one of the world's largest virtual and augmented reality conferences and offers a good networking opportunity for the forward-thinking Ludbreg facility. They also appeared in the form of a speaker, and were as such able, alongside the giants of the global IT industry such as Facebook, Google, Microsoft and others, to share their thoughts on the…
