Business

July the 20th, 2022 - The impressive Croatian company Infobip has entered yet another new market as part of another brave business move, this time in Israel. As Poslovni Dnevnik/Darko Bicak writes, the Croatian company Infobip, which is now multinational has included Israel as a new destination in which they'll operate and employ new people, and now their global business network has more than 3,500 employees worldwide. As was announced recently by the Croatian company Infobip itself, this cloud communication platform is only continuing with its ongoing and very enviable global growth. The start of operations in Israel was announced by…

ZAGREB, 19 July 2022 - The Spanish energy company Acciona Energía has announced the construction of two wind farms in Croatia, which would supply electricity to around 60,000 households. One wind farm would be built in Split-Dalmatia County and the other in Šibenik-Knin County. The value of the investment is close to €100 million. The two wind farms will have a total of 16 wind turbines generating 203 GWh of clean energy annually, enough to meet the needs of around 60,000 households, the company said on Monday. Once operational in 2024, they will reduce CO2 emissions by 135,000 tonnes a year, it added.…

ZAGREB, 16 July 2022 - Moody's on Friday raised Croatia's credit rating by two levels to an investment grade and assessed that Croatian economy's outlook is stable following to the formal completion of the decision-making for Croatia's entry into the euro area. On 12 July, the Economic and Financial Council of the European Union (Ecofin) gave the final approval for Croatia's admission to the euro zone on 1 January 2023 when the country is switching to the euro. According to a press release issued by this international credit rating agency, "Moody's Investors Service ("Moody's") has today upgraded the Government of…

ZAGREB, 15 July 2022 - Standard & Poor's (S&P) Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Croatia to 'BBB+/A-2' from 'BBB-/A-3' on Thursday, saying that the country will benefit from accession to the euro area and its economic growth will remain steady. The outlook is stable. S&P is the second credit rating agency to upgrade Croatia's rating in an unscheduled publication after Fitch Ratings did the same on Wednesday. Both announcements came after the Council of the European Union on Tuesday officially confirmed Croatia's accession to the euro area on 1 January 2023.…

July the 15th, 2022 - The huge Croatian shopping chain Konzum is set to begin showing the prices of the items on their shelves in both kuna and euros as Croatian Eurozone accession rapidly approaches. As Poslovni Dnevnik writes, starting this week, Konzum will proactively start with the dual display of prices for products and services in both kuna and euros, and in this way, even before the official obligation on the dual display of prices comes into force on September the 5th, 2022, all customers shopping in Konzum's stores will have an insight into the prices of products and…

July the 4th, 2022 - The remarkable Vodnjan company Infobip, otherwise Croatia's very first unicorn, is now taking over the Netokracija magazine in yet another step forward for its business. As Poslovni Dnevnik/Josipa Ban writes, Infobip, the first Croatian unicorn, is taking over the business and technology magazine Netokracija, with which it has been cooperating for a long time, with the aim of strengthening the developer community and providing it with content intended for it, as well as further raising the value of IT in society as a whole. Netokracija's team, headed by founder Ivan Brezak Brkan, will become part of…

July the 13th, 2022 - The Croatian labour force continues to dwindle as a result of ongoing demographic issues and the ease of simply heading off to another EU member state to find work, higher wages and more general economic stability. Even Plitvice Lakes National Park is suffering. The global coronavirus pandemic only forced the hand of this longtime trend, seeing what were qualified and skilled chefs, waiters, bar staff and people in other such positions go off to work either elsewhere, or train for new careers as the virus saw what put food on their tables closed during lockdowns.…

July the 13th, 2022 - The Croatian unemployment rate is at its lowest since the Croatian Employment Service (HZZ/CES) has been keeping official records. This might sound incredible, but this is a typical trend in the late spring and early summer months owing to seasonal employment for the tourism sector, as well as the ongoing demographic crisis. The number of working age people leaving the country is continuing to increase, and the number of retirees or those who no longer need to work living in Croatia is on the up. Demography continues to dog the country's labour force, as do…

July the 12th, 2022 - The biggest Spanish cosmetic brand Equivalenza has arrived on the Croatian market and will be run by Croatian franchise purchasers right in the very centre of the City of Zagreb. As Poslovni Dnevnik/Marija Crnjak writes, the largest Spanish cosmetics brand, Equivalenza, has arrived on the Croatian market as a huge chain with more than 700 stores worldwide. Their philosophy is based on sustainability and the availability of premium fragrances and cosmetic products at very fair, affordable prices, with the belief that fragrances can change both mood and ambience. The first Croatian Equivalenza store was opened…

July the 12th, 2022 - Investors seeking to build in Croatia will now have much more quick and clear answers to the questions of what they can build and where they can build it thanks to the Croatian ePlans editor (ePlanovi). As Poslovni Dnevnik/Suzana Varosanec writes, the spatial plans of the new generation will be created through the new Croatian ePlanovi editor, and the Ministry of Spatial Planning, Construction and State Property is developing this new electronic service. The ''translation'' of old generation plans into new generation plans will be carried out through the service, so that the new software…