Business
Saturday, 7 September 2019
Closer Ties Between Rimac Automobili and Porsche: ''We Believe in Mate''
Croatian entrepreneur Mate Rimac's famed company Rimac Automobili has secured an increase in investment from Porsche, seeing Porsche raise its stake in the company to 15.5 percent. As Poslovni Dnevnik writes on the 6th of September, 2019, back in June 2018, the giant German sports car maker purchased a 10 percent stake in Rimac Automobili. Increasing Porsche's stake now strengthens their already established partnership. As Porsche increases the range of its electrified models, the partnership they have with Rimac Automobili will leverage what Rimac's enviable expertise in vehicle electrification, including powertrains, batteries, motors and inverters means in the automotive industry.…
Thursday, 5 September 2019
3. Maj Shipyard Workers Could Get Overdue Salaries Next Week
ZAGREB, September 5, 2019 - Economy Minister Darko Horvat said on Thursday the workers of the 3. Maj shipyard could get their first overdue salaries next week and that the dock's management last night signed a 36.6-million-dollar contract to build a ship for Canada's Algoma. Speaking to the press ahead of a cabinet meeting, the minister said the payment of overdue salaries would be preceded by an agreement the dock and the Croatian Shipbuilding Corporation - Jadranbrod (HB-J) company were expected to sign early next week. He recalled that a majority of creditors had agreed to the payment of 15%…
Thursday, 5 September 2019
Government for Pay Rise for Everyone
ZAGREB, September 5, 2019 - Labour and Pension System Minister Josip Aladrović said on Thursday the government advocated a horizontal pay rise for everyone and not just some groups. Speaking to the press before a cabinet meeting, he said there had been several horizontal corrections, with a 11.5% pay rise for everyone over the past two years. "We expect, with a further pay rise and positive economic trends, to correct (wages) for everyone, not just some selected groups." As for teachers' demands for higher wages, Aladrović said he would hear their demands today and see if any talks were necessary…
Thursday, 5 September 2019
German-Based IoT Company Investing in Business, Jobs in Croatia
ZAGREB, September 5, 2019 - The Aconno company from Germany that specialises in IoT technology and products intends to invest more than €250,000 in Croatia over the next few months and open offices in Zagreb and Osijek that will employ about a dozen people, it was said at a presentation of the company in Zagreb on Wednesday. The company is seated in Dusseldorf and these will be its first offices abroad. Its core business is IoT technology which is related to connecting apparatuses to cloud via the internet and is becoming more and more prevalent in life-style and business operations.…
Thursday, 5 September 2019
Agrokor Suppliers Will Take Legal Action So Settlement Is Honoured
ZAGREB, September 5, 2019 - Agrokor's suppliers will take legal action so that the settlement reached for the former conglomerate is honoured, the representative of big suppliers in the Temporary Creditor's Council, Marica Vidaković, said on Wednesday, adding that no agreement had been reached with Fortenova Group on the payment of the border debt and that this was why suppliers were against refinancing a roll-up loan. She was speaking to the press after the Council, with three votes from financial creditors' representatives, gave its consent to former Agrokor emergency administrator Fabris Peruško to take out a loan to refinance Agrokor's…
Thursday, 5 September 2019
Value of Croatian Agricultural Production Drops Significantly
As Novac/Zlatko Simic writes on the 3rd of September, 2019, the value of Croatian agricultural production has unfortunately fallen from 33 billion kuna to a mere 16 billion kuna, the number of pigs has dropped dramatically from 2 million to about 800,000, and Croatian milk production has fallen from 900 million to only 400 million litres. Considering that Croatia has increased its meadow and pasture surface areas from 300,000 hectares to as much as 600,000 hectares, and that only twelve percent of Croatian farmers pay their taxes while remaining below the taxman's shears, it is still evident that agricultural policies…
Wednesday, 4 September 2019
Entrepreneurial Mindset: Meet the Speakers - Kristina Ercegovic
September 4, 2019 - A star-studded lineup of Croatian entrepreneurial excellence will assemble in Zagreb on September 12 for the first Entrepreneurial Mindset conference. TCN has kicked off a new series meeting the speakers of the conference. First up, meet Kristina Ercegovic - an entrepreneur, writer, and professor of entrepreneurship. 1. As a Brit, I notice that entrepreneurs are not embraced and supported as much in Croatia as they are in countries with a longer capitalist tradition. How does it feel being an entrepreneur here, and how did you decide to embark on this road less travelled? Do what I…
Wednesday, 4 September 2019
MOST Party Launches Round Tables to Present Proposals for Tax Cuts
ZAGREB, September 4, 2019 - The opposition MOST party organised a round table discussion in Zagreb on Tuesday to present its proposals for tax cuts in light of planned legislative changes. It was the first in a series of round tables that would be held and it focused on the tax system and demographic policy. Suggestions made by economists and tax experts should contribute to demographic policy, give an impulse to businesses and boost investment in education, research and development. "Our view is that halfway demographic measures are not effective. Conventional solutions are not producing results. Measures for demographic revival…
Wednesday, 4 September 2019
27th International Autumn Bjelovar Fair Begins on 6th of September
As Poslovni Dnevnik/Native tim VL i PD writes on the 3rd of September, 2019, the 27th International Autumn Bjelovar Fair will be held at the Gudovac Trade Fair from September the 6th to the 8th. It is a gathering place for hundreds of foreign and Croatian exhibitors from various industries. The Bjelovar Fair firmly holds its place on the European fair map, where it holds a high rating. Last year, the fair drew tens of thousands of visitors. ''We are coming up to the 27th Autumn International Bjelovar Fair and I'm pleased that the Autumn Fair continues to maintain a…
Wednesday, 4 September 2019
Aconno Startup from Düsseldorf Opens Offices in Zagreb and Osijek
The IoT startup Aconno from Düsseldorf, Germany, opens offices in Zagreb and Osijek. As Poslovni Dnevnik/Bernard Ivezic writes on the 3rd of September, 2019, after large and medium-sized technology companies from Germany started to show an interest in Croatia, development departments started to open here as well. Croatian-German IoT startup Aconno, headquartered in Düsseldorf and working for companies like Vodafone, Bosch, Siemens, SAP, NKT and Deutsche Telekom's T-Systems, has just opened two development offices in Croatia. They will work on developing software and hardware for their IoT (Internet of Things) solutions. Currently, the startup employs ten employees and initially plans…
Tuesday, 3 September 2019
Ahead of Brexit, Dechra Moves Testing Operations to Croatia and Netherlands
ZAGREB, September 3, 2019 - Dechra Pharmaceuticals, a leading British veterinary medicine producer, stated on Monday that it shifted all the analytical testing methods for products made at its site in Skipton, England, to a new lab in Zagreb, and to its existing Bladel laboratory in the Netherlands, as part of the company's preparations for "a potential hard Brexit", Reuters has reported. This British veterinary firm said that it changed the ownership of all UK marketing authorisations to a new unit in the Netherlands, also within its plans to make itself ready for a Brexit. “This will allow us to…
