Business

ZAGREB, September 19, 2019 - Prime Minister Andrej Plenković on Thursday said that the government had decided to uphold all the proposals put forward by the "67 is too much" initiative and that it would be forwarding a bill to parliament to amend the Pension Insurance Act and return the age pension eligibility to 65 and that it would propose amendments to the Labour Act that will enable people to continue working if they wish after they turn 65. The government will send a bill to parliament for amendments to the Pension Insurance Act. We will uphold all the proposals…

As Glas Istre/Mirjan Rimanic writes on the 19th of September, 2019, the services that Pazin's brand new business incubator will offer are: temporary desk rental (up to ten days), long-term desk rental (up to one month), office rent, multipurpose hall rental, consulting services, training and workshops, a virtual office, a virtual incubator, marketing, photocopying and printing, and other services will be developed according to the needs of the users of the incubator and other entrepreneurs. The closing conference of the business incubator project in Pazin was held in the premises of the former administration building, not far from the town…

It would appear that the final decision on who will get to build the access roads to Pelješac bridge has finally been reached. Jutarnji list writes about the State Comission for the Control of Public Tender Processes (Državna komisija za kontrolu postupaka javne nabave, DKOM) and its denial of the appeal lodged by the Austrian company Strabag to the decision by Croatian roads (Hrvatske ceste) to award the construction of the access roads to the Greek company Avax. This decision is final insomuch that Strabag can't appeal it any more. The only recourse it has left is to take this…

ZAGREB, September 18, 2019 - Representatives of the Franak association, which brings together holders of loans originally indexed to the Swiss franc, said on Wednesday that the Supreme Court ruling of Tuesday constituted the final victory in their class action against eight banks and that by June 2023 more than 100,000 citizens were expected to sue banks over unfair terms regarding the currency clause in their loan contracts. Explaining its ruling, the Supreme Court said on Tuesday that the eight sued banks had breached the collective interests and rights of holders of loans originally pegged to the Swiss franc. The…

ZAGREB, September 18, 2019 - The Croatian Finance Ministry on Tuesday put to month-long public consultation nine bills from a fourth round of tax reform, which, among other things, envisage tax breaks for young people, a lower, 13% VAT rate for the hospitality sector, etc. The latest round of tax changes was outlined in late July by Prime Minister Andrej Plenković and Finance Minister Zdravko Marić, who then said that the fourth tax reform round was expected to reduce the tax burden by 3.75 billion kuna. Amendments to the Income Tax Act propose the income tax on people under 25…

Whatever car this top secret project between Croatian entrepreneur Mate Rimac and car giant Hyundai is set to produce in the end, the fruit of the cooperation between the two will only be produced in a very limited series. As Poslovni Dnevnik/VLM writes on the 17th of September, 2019, Hyundai is working on a limited-edition sports car with Mate Rimac, the US-based CarBuzz reported after speaking with the head of research and development at the huge Korean company. Back in May this year, Hyundai and Kia announced plans to invest an enormous 80 million euros in this Croatian company based…

Starting your own business from scratch is an enormous challenge anywhere in the world, but when in Croatia, it becomes a truly monumental task. Meet Mirko from Zagreb. As Poslovni Dnevnik writes on the 17th of September, 2019, during his third year of college, Mirko Logozar from Zagreb got a job in a company as a student, which later turned into a full-time job with an indefinite contract, writes Gloria. Although this job brought him some invaluable experience and lots of knowledge, he realised that he no longer wanted to work for someone else. "After seven years, I realised that…

ZAGREB, September 16, 2019 - The president of the Croatian Chamber of Crafts and Trades (HOK), Dragutin Ranogajec, said on Monday that the proposed amendments to the Crafts and Trades Act would strengthen small business and the economy overall, and that the enterprise sector would have a greater impact on education programmes for trades. According to the government-sponsored bill of amendments sent to parliament last week, which HOK hopes will be passed by the end of the year, the Ministry of Economy, Entrepreneurship and Crafts will approve the planned structure of enrolments into trade education programmes which will ensure the…

ZAGREB, September 16, 2019 - In nearly one in two cities or municipalities, 248 of 555, less than 10% of the population is employed, Jutarnji List daily said in Monday's issue. These alarming data reveal, as warned by economists, the extent to which Croatia has transformed into an economy increasingly based on renting, notably along the coast. The most active population is in the northern counties of Varaždin, Krapina-Zagorje, Međimurje, and Koprivnica-Križevci. Of the ten cities with the highest share of those employed in the total population, five are in northern Croatia, with Varaždin and Čakovec having the highest shares,…

Although Croatia's shining star of business, Mate Rimac, has some incredible achievements under his belt, he says that despite all of his barely comprehensible success over the last decade, he still looks at everything as if it were just beginning. As Poslovni Dnevnik writes on the 15th of September, 2019, more than 500 developers from around the world, as well as some of the most interesting topics from the programming community arrived in Tuhelj in continental Croatia for the Dev Days conference, RTL reports. Croatian IT experts and innovators, including Croatian entrepreneur Mate Rimac, shared their respective success stories, as…