Business

ZAGREB, November 13, 2019 - The potential for cooperation between Croatian and Russian companies is big, notably in energy, agriculture, the pharmaceutical, food and textile industries, and tourism, the Croatia-Novosibirsk Business Meeting at the Croatian Chamber of Commerce (HGK) heard on Wednesday. The HGK has been supporting the expansion of its members to Russia for years, HGK vice president Ivan Barbarić said, adding that the Novosibirsk region could offer a lot to entrepreneurs who dared to venture into that faraway and, to Croatians, still exotic market. The region is rich in natural resources with large reserves of gas, coal, bauxite…

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 13th of November, 2019, the Financial Agency (Fina) has opened its fourth IT development centre in which IT solutions will be created, from analysis, design, programming and then the testing of the solutions themselves as software products. Fina's IT development centres (ITRC) have already been opened in Split, Zabok and Osijek, one in Čakovec has been announced, and their common characteristic is to open and operate where higher education institutions (faculties or colleges) that educate IT profiles are located. According to the agency, Virovitica is also a well-rounded organisational unit that deals…

The island of Murter will have to wait at least a further three years for its first luxury hotel complex to be built in the Municipality of Tisno. The project's investor is Russian Aleksej Frolov. As Novac/Dora Koretic writes on the 12th of November, 2019, back at the end of October, an investor, Aqua Relaxio, asked the Municipality of Tisno to extend its planned construction start date by three years, which, by a contract signed with Tisno back in 2014, had been defined by the end of 2019. By that date (according to the contract) Aqua Relaxio was to start…

As reported by Marina Šunjerga/Poslovni Dnevnik on November 13, 2019; Emil Tedeschi, the largest real-sector employer in Croatia, reveals two of the most important factors in employee retention. He currently employs more than 5500 people in the Atlantic Grupa company. This year Poslovni Dnevnik and Vecernji List will again present the most prestigious business awards in the country. The award of “Master of Business” and “Economic Event of the Year” will be presented to the most successful and strongest businessman and event in Croatia, whose business or influence crucially impacts economic trends in the country and improves the economic and…

ZAGREB, November 12, 2019 - In the EU accession treaty Croatia undertook the obligation to adopt the euro as its official currency and the strategic goal is to meet the criteria by the end of the next government's term, Prime Minister Andrej Plenković said on Tuesday. The economic benefits of the euro are many, the currency risk in the economy will be eliminated, the cost of borrowing will drop for all domestic sectors, and citizens and businesses will have lower financing costs than they would if Croatia stayed outside the euro area, he said at the Croatian Financial Institutions Day…

Croatia Airlines is still far from out of the woods when it comes to doing business. Publishing losses and continuing to go downhill, what are the potential rescue options for Croatia's national carrier? As Poslovni Dnevnik/Josip Bohutinski/VL writes on the 12th of November, 2019, PBZ and DBV consultants engaged in finding a strategic partner and recapitalisation model for Croatia Airlines (CA) should propose a solution by the end of the year. Vecernji list has since discovered that three models are on the table currently. One of the models, as has since been learned, is to create a holding company for…

Neda Telisman-Kosuta gave an excellent overview of the findings of the comprehensive survey, TOMAS Croatian Health Tourism 2018: Attitudes and Expenditures of Visitors to Croatia, at the 7th Crikvenica International Health Tourism conference in Selce on November 8, 2019.  It was a Croatian health tourism conference which had everything. Suberb coastal location in the village of Selce, near Crikvenica, excellent organisation, superb speakers, great networking, fine entertainment - and crucially, concrete signs that the key stakeholders of the Croatian health tourism industry were beginning to gel. You can learn more about CIHT 2019 in the comprehensive overview already presented on…

ZAGREB, November 11, 2019 - After meeting with the government's negotiation team on Monday, president of the MHS association of trade unions Vilim Ribić stated that public sector unions are seeking a 3+3+3 percent increase of the base wage and a higher Christmas bonus during the negotiations on a supplement to the basic collective agreement. Negotiations resumed on Monday in the Ministry of Labour and Pension System between government and union representatives over the basic collective agreement for public sector workers. Ribić said that the unions are seeking an increase of the base wage next year on the principle of…

Croatia's EU presidency during the first half of 2020 will be a great opportunity for our country, its promotion and the Croatian economy. Luka Burilović, President of the Croatian Chamber of Commerce (CCC), spoke with Novac/Adriano Milovan about the Croatian Presidency and about the challenges it faces within the new financial framework of the union and the use of EU funds. These topics were also the focus of today's conference titled: "Invest EU: Investment Incentives and Expectations for the Croatian EU Presidency", which was co-organized by Hanza Media at the Esplanade Hotel in Zagreb, where Burilović was a participant. Croatia will…

ZAGREB, November 11, 2019 - Two-thirds of respondents believe the most important thing when choosing a job are good interpersonal relations, followed by pay and working hours, according to the findings of a survey conducted by the MojPosao job-seeking website. More than 1,000 respondents took part in the survey aimed at establishing the situation on the labour market. Fifty-one percent were employed, 43% jobless and 6% still in school. Interpersonal relations are crucial when choosing a job for 69% of respondents, pay is of paramount importance to 62% and working hours to 46% of those interviewed. Fifty-four percent believe knowledge…