Business

ZAGREB, August 24, 2019 - Croatian Prime Minister Andrej Plenković on Friday visited the Vrbovsko-based Cedar timber factory and said that it was important for the region of Gorski Kotar to have such businesses that can create jobs and generate economic growth. "I am confident that the activity of Cedar, fully export-oriented company, will contribute to Vrbovsko, Gorski Kotar and parts of Lika," Plenković said after he toured the company's compounds, which include the state-of-the-art hardwood processing plant under construction, and other units as well as the biomass co-generation plant. We have seen the modern factory which does business according…

As Poslovni Dnevnik writes on the 23rd of August, 2019, the Samobor-based company Nord produkt is set to open up its tenth retail store in the country on Monday (August the 26th) - the Nord Store at the Ambienta department store in Novi Zagreb. It will be the largest Nord store to date. This domestic company is the largest Croatian manufacturer of faucets, one of the leading manufacturers of kitchen and bathroom furniture, and they combined their almost thirty years of experience into a far more complex product - mobile homes and villas, sold under the name Nord, which are totally…

August 22, 2019 – The largest Croatian American conference of professionals and businesses in North America will be held September 19 through 22 in Cleveland, Ohio.  The Association of Croatian American Professionals (ACAP) is honored to announce that H.E. Kolinda Grabar-Kitarović, President of the Republic of Croatia, will attend the fourth annual ACAP conference on Friday, Sept. 20 in Cleveland, Ohio and will give the keynote address at the gala dinner that evening. The ACAP conference will bring together professionals from all facets of the U.S. and international professional community—such as diplomats, scientists, artists, engineers, medical professionals, attorneys, journalists, business executives,…

As Novac/Goran Penic/Barbara Ban writes on the 23rd of August, 2019, the Croatian Ministry of State Property extended the deadline for the submission of offers for the construction of a tourist complex at the location of the Hidrobaza in Pula, owned by botj the state and the City of Pula, back at the beginning of the week. Investors now have time to report their offers by October the 1st, as opposed to August the 30th, 2019. According to the aforementioned ministry, two investors sought an extension due to the summer break, but the ministry did not disclose any names. As Novac…

ZAGREB, August 23, 2019 - Union leader at the Rijeka-based 3. Maj shipyard, Juraj Šoljić on Thursday said that preparations were already being made to launch production at the dock which is something workers are hoping will occur as soon as possible. Šoljić added that workers also expected to be paid nine outstanding wages as soon as possible. He appealed on the Finance Ministry to start paying wages and other activities so that production could commence. Šoljić added that Edi Kučan would remain as the director of the dock and that the Supervisory Board had extended his term for open…

As Novac writes on the 22nd of August, 2019, the double taxation between the USA and Croatia cuts sales revenue by a significant 30 percent over in the US. This was rightfully complained about by Roman Ribarić, the CEO of Abest, the company behind gaming studio Croteam, which created the most popular Croatian video game, Serious Sam. Abest, along with eight other home gaming studios, is currently participating in the world's largest digital entertainment fair Gamescom in Cologne, Germany. From that location, they warned that Croatia is the only European Union member state which still has no double taxation agreement…

ZAGREB, August 22, 2019 - The Croatian government on Thursday decided to allow the issuance of a conditional payment guarantee in the amount of 150 million kuna to the Rijeka-based 3.Maj shipyard. Prime Minister Andrej Plenković said that finance-wise it meant that the guarantee would not cause additional costs for the government and it will make it possible for the dock to complete the ships under construction. The future of that shipyard also creates, to some extent, prospects for Uljanik to continue doing business, Plenković said at the government's meeting. The intention of this government is to find a strategic…

There is a lot to be said about this little country when it comes to breeding talent. From the sporting world to the development, technology, medical and innovation world, Croatia is known for providing the world with incredible minds. Two ex FER students and their remarkable business accomplisment have continued to do nothing else but prove that. As Novac writes on the 21st of August, 2019, a software company called Repsly, co-founded by two former FER students, Marko Kovač and Marko Linke, has just been listed on Inc. 5000, the prestigious American list of the fastest growing companies. The respected…

Three Croatian engineers have launched a company called HSTec, which currently employs ninety workers and has an impressive turnover of 70 million kuna. As Poslovni Dnevnik/Darko Bicak writes on the 21st of August, 2019, on the "ruins" of Zadar's former SAS, a formerly globally renowned speciality machine tool factory, a brand new Croatian company under the name of HSTec was created, which has taken over some of their former glory and is now recognised worldwide for its sophisticated engines and robotics. Namely, 22 years ago in one former SAS facility in Zadar, three Croatian engineers - Željko Goja, Mladen Šarlija…

LED bulbs continue to be the best selling item in the huge Ikea department store in Rugvica near the City of Zagreb. As Marta Duic/Poslovni Dnevnik writes on the 21st of August, 2019, the incredibly popular Ikea department store located in Rugvica near the Croatian capital of Zagreb marked its fifth anniversary of business operations in Croatia on Wednesday. During this five year period, the department store in Rugvica, just east of Zagreb, was visited by more than 8.5 million customers, their website had 28 million visitors, almost 139,000 children played in their playroom, and almost 105,000 people participated in…