Business

ZAGREB, August 21, 2019 - Computer gaming is the most propulsive segment of the IT industry worldwide, and this trend is present in Croatia, too, where local gaming companies export all their products, however the biggest challenge in doing business is the absence of a Croatia-USA double taxation avoidance agreement, which affects their revenues and negatively impacts their competitiveness, representatives of the Croatian exhibitors at the Gamescon fair in Cologne have said. The fair in that German city is open to visitors from 21 to 24 August. According to a press release from the Croatian Chamber of Commerce (HGK), Croatian…

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 20th of August, 2019, the ideas and projects of Croatian entrepreneurs and innovators, not to mention scientists, could have the chance to truly penetrate the region and the rest of the world owing to the support of no less than the Islamic Development Bank (IsDB). Namely, this Saudi financial institution is organising a competition in innovation in the countries of Southeastern Europe, called Transformers Roadshow, designed to identify innovators, scientists and companies who can contribute their ideas to one of the UN Sustainable Development Goals and connect them to those who can transfer…

ZAGREB, August 20, 2019 - The Fortenova Group, that has taken over the sound segment of the ailing conglomerate Agrokor, has informed the European Commission about its intention to take over the Slovenian chain of shops, Mercator, the Slovenian news agency STA reported on Tuesday. Agrokor acquired the Slovenian retailer Mercator in 2014. A source from the group today confirmed that they had notified the EC about its move and the Zagreb-based group started the procedure for a prior concentration approval on 13 August in Brussels. Fortenova does not want to prejudge the outcome of the control procedure before the…

ZAGREB, August 20, 2019 - The Croatian Ministry of Finance on Tuesday auctioned off nearly 1.19 billion kuna in treasury bills, which was more than planned, still at low interest rates. The ministry had offered 1 billion kuna worth of treasury bills for subscription ahead of the maturity of treasury bills worth 1.15 billion kuna. It received offers for 1.18 billion kuna and accepted them all. The bills were issued for 1.17 billion kuna with a maturity of one year and at an interest rate of 0.08 percent, which is the same percentage point as at the previous auction at…

ZAGREB, August 20, 2019 - The Karlovac-based Adriadiesel factory is going to overhaul an 84-tonne diesel generator from the Russian nuclear power plant in Smolensk, after it was transported from Russia to Croatia by an Antonov 124, a four-engine cargo jet, the HRT public broadcaster reported on Monday evening when the plane landed at Franjo Tuđman Airport. The diesel generator was manufactured 42 years ago in that Karlovac factory when it had operated under the name Jugoturbina. The purpose of that generator is to provide the NPP with electricity in cases of accidents and power failures inside the plant. Adriadiesel…

ZAGREB, August 20, 2019 - The average take-home pay in Zagreb this past May was 7,546 kuna whereas the average take-home pay in Croatia for that month amounted to 6,476 kuna, which means that the average monthly salary in the capital city was higher by 1,070 kuna (approximately 145 euros). The take-home salary in May in the capital city rose by 74 kuna on the month and by 217 kuna on the year. Compared to April, that was a nominal increase of 0.99% and 2.96% on the year, according to data provided by the city administration's statistical department Zagreb's highest…

As the demographic crisis and the economy continue to be the main topics of general discussion in the media here in Croatia, not everything is so bleak, and Pevec seems to be just going from strength to strength. As Adriano Milovan/Novac writes on the 19th of August, 2019, the popular outlet Pevec purchased the former Super Konzum facility in Slavonski Brod in continental Croatia not so long ago, and announced the opening of a brand new centre at the site. The facility in Slavonski Brod's Petar Svačić street (ulica), was purchased by Pevec from the Dutch WPC Agro II fund…

The 3rd Business Café International event, which gathers foreign entrepreneurs starting a business and moving to Croatia, will be held Monday, August 26, 2019 in Zagreb at 6 p.m. at the Rooftop Lateral, Strojarska 20/26. Business Café International was established to highlight the opposite of migration trends, i.e., showing examples of entrepreneurs who moved to Croatia to start businesses. It is a joint effort to make Croatia a country that is not just great to live in, but also an attractive place for doing business.  Kristina Ercegović, Business Café founder, with this new project continues to promote her vision of Croatia…

ZAGREB, August 19, 2019 - Ahead of a meeting with Health Minister Milan Kujundžić, the head of the Independent Union in Health and Health Insurance, Stjepan Topolnjak, on Monday said that the unions would not back down from demanding a wage increase that was agreed to during collective negotiations. "We want to get what we initialled - a wage increase of three percent for working conditions and four percent for life and health responsibility for all workers in the healthcare sector working in diagnostics and treatment, which amounts to 400 million kuna a year," Topolnjak told Hina. Union representatives are…

August 19, 2019 - The sale of Hotel Marjan to the Adris Group means that this former tourist pearl and a current eyesore on the West Coast Riva in Split will shine once again.  Frankly, there is no reason not to believe that in the years to come, after its reconstruction and renovation, 'Hotel Marjan' will become the pride of this Rovinj group, just like the Hilton Imperial Hotel in Dubrovnik and the Grand Park in Rovinj, which opened in April this year with a HRK 1.5 billion investment, reports Slobodna Dalmacija. Therefore, when the public electronic auction of Hotel…