Business

ZAGREB, October 14, 2019 - The leader of the Association of Croatian Trade Unions (MHS), Vilim Ribić, said on Sunday that a strike would soon take place at faculties, and he believes that this industrial action "will bring about a new impulse". "The strike is going to happen the week after this next week. It remains to be seen on which day. These are the same demands for the same category of people. We will make sure that our people are not left behind. If we miss the chance now, an imbalance will occur in the salaries," the unionist told…

ZAGREB, October 13, 2019 - A new plant of Croatian fresh pasta manufacturer Naše Klasje, in which over 38 million kuna has been invested, was inaugurated near Zaprešić, just west of Zagreb, on Saturday. The plant spreads over 3,000 square metres. The European Regional Development Fund co-financed the project with 15 million kuna. Inaugurating the plant, Deputy Prime Minister Davor Božinović said this investment was an example of good synergy between entrepreneurs and local government, and that it was in line with the government's policy of partnership with local government. "It's important to create conditions so that companies like Naše…

ZAGREB, October 11, 2019 - The leader of the Association of Croatian Trade Unions (MHS), Vilim Ribić, said on Friday that a radical, double-digit wage increase in public services was a first-class national interest, assessing that there was 4.7 billion kuna available for that in the state budget. "Our children are leaving the country, 400,000 have left. In that situation all dogmas about financial consolidation, public debt and deficit need to be put aside. We have to use our last internal reserves," Ribić said after the start of negotiations on an annex to the basic collective agreement for public sector…

ZAGREB, October 11, 2019 - Jordan can be a point of entry for Croatian companies wishing to do business in the Middle East, heard a Croatian-Jordanian business forum, organised by the Croatian Chamber of Commerce (HGK) in Zagreb on Thursday. Mirjana Čagalj of the HGK said that Jordan's economy was on the rise and that after several years of insecurity, caused by the wars in Syria and Iraq and a massive influx of refugees, the Jordanian economy had managed to reverse negative trends. The country's efforts to utilise its geographical position and political stability and become a regional distribution centre…

A brand new Soft concept store from Zara in Rijeka, Croatia, that only Istanbul, Madrid and Dubai can currently boast about opens its doors today. As Poslovni Dnevnik writes on the 11th of October, as they described from Zara, the women's section was located on the ground floor and first floor of the store, the second floor was reserved for children's fashion while the men's section was located on the last, third, floor of this opulent and popular store. Now the extensive work to renovate the former post office building in Korzo has been completed, the new Zara store opened…

ZAGREB, October 10, 2019 - Croatia will sign a statement of cooperation establishing a European Blockchain Partnership, the government decided at its cabinet meeting on Thursday. The government endorsed the Declaration Creating a European Blockchain Partnership and authorised Minister of Economy, Entrepreneurship and Crafts Darko Horvat to sign the document. Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered. "Distributed ledger technology” (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management and many more uses are being explored.…

As Poslovni Dnevnik/Ana Blaskovic writes on the 9th of October, 2019, two of the most recent pension fund investment projects, which amount to 320 million kuna together, will finally bring a fresh listing to the Zagreb Stock Exchange - The Garden Brewery. While investing in tourism is already a well-established strategy in a country that is more or less lives entirely from it, it isn't that surprising that AZ pension funds, entrusted with around 44 billion kuna in pension savings, in partnership with Valamar, have decided to recapitalise one of the ten leading tourism companies with a cash injection of…

This year's MEETING G2 - Gradimo poslovne mostove, Meeting G2 - Let's build business bridges is to take place on November 4th until the 6th, 2019, in Zagreb. Organised to connect the businesses of Croats in Croatia and the diaspora, the event expects over 200 participants, out of which 70 are expected to be successful international business people of Croatian origin. The participants will be able to learn, among other things, about the successes of the Canadian Croatian Business Network (CCBN), as well as the challenges for Croatian entrepreneurs in Austria. CCBN has been established to improve and strengthen the…

ZAGREB, October 9, 2019 - Contracts for the construction of access roads to the Pelješac Bridge and the Ston ring road were signed on Wednesday by the government and the Strabag and Avax companies, concluding the tender procedure which was ridden with appeals, and now construction can finally commence. The Duboka-Šparagovići/Zaradeže section will be built by the Austrian Strabag company while the Ston ring road and the sub-sections Šparagovići/Zaradeže-Prapratno and Prapratno-Doli will be built by the Greek Avax company. All in all, this involves about 30 kilometres of access roads. Strabag's price for its section amounts to 478.3 million kuna…

ZAGREB, October 9, 2019 - The World Bank (WB) has upgraded its forecast of Croatia's growth for 2019 mainly thanks to solid domestic demand while the growth rate is expected to slow down over the next two years due to a slower increase in household consumption and investment as well as due to weaker foreign demand. Croatia's growth is expected to pick up slightly in 2019 to 2.9%, the World Bank forecast in its Economic Update (ECA) Fall 2019 released on Wednesday, upgrading it from its June outlook by 0.4 percentage points. In 2018, Croatia's GDP increased by 2.6%. The…