Business

ZAGREB, August 6, 2019 - Eleven agreements were signed on Monday in Knin to support entrepreneurs in the areas of Knin and Benkovac with EU grants worth 8.5 million kuna. The agreements were signed by Minister of Regional Development and EU Funds Marko Pavić and representatives of 11 companies. Pavić said that the funds would contribute to encouraging young people in the area stay there as the funds were earmarked for job creation. "These agreements support entrepreneurship, trades and companies and the 8.5 million kuna will help create 20 new jobs and preserve 32 more," Minister Pavić said. He explained…

ZAGREB, August 6, 2019 - A total of 6,212 new cars were sold in Croatia in July, which is 8.2% or 474 more cars than in July 2018, while in the first seven months of this year 44,368 new cars were sold, only 0.9% more than in the same period of 2018, the Promocija Plus agency reported. The most sought-after brand so far this year has been Volkswagen, with 5,440 units sold, followed by Opel (4,519 vehicles sold), Renault (4,309 units sold), Skoda (4,014) and Dacia (2,789). Also sold in the January-July period were 68 new Porsches, 1,130 Audis, 987…

August 5, 2019 - Quark Expeditions®, the leader in polar adventures, held the keel-laying ceremony for its pioneering new ship Ultramarine on August 2 at Brodosplit, officially kicking off the next stage in the ship’s construction: the build of its hull and superstructure. Held at the largest shipyard in Croatia, the event was attended by a mix of senior staff from Brodosplit, its parent company DIV Group, Quark Expeditions, its parent company Travelopia, and private equity investors KKR. Speeches were given by Joerg Metzner, Director at KKR, Andy Duncan, CEO at Travelopia, Malcolm Ellis, Senior VP Operations at Quark Expeditions and as well as…

As Poslovni Dnevnik writes on the 2nd of August, 2019, the e-Financial Management project in the City of Zagreb has implemented its new paperless financial management process, with 12,500 city associates now issuing e-invoices more quickly and cheaper, with the added ability to monitor those invoices. Digitising the City of Zagreb's financial operations has simplified its administrative process, increased its efficiency, and reduced general costs and processing times, said Miro Laco from the mayor's office. It is, as he explained, a key city process involving more than 600 employees from all of the city's 25 governing bodies. The process is…

ZAGREB, August 2, 2019 - Croatia was among the EU countries with the highest retail trade in creasesin June, both month on month and year on year, according to figures released by Eurostat on Friday. The seasonally adjusted volume of retail trade in Croatia in June increased by 6.8% from May, when it had observed a decrease of 4.4%. The highest monthly increases were registered in Croatia (+6.8%), Germany (+3.5%) and Poland (+2.8%), while the largest decreases were observed in Portugal (-0.9%), Ireland (-0.8%) and Slovenia (-0.5%). In June 2019 compared with May 2019, the seasonally adjusted volume of retail…

ZAGREB, August 2, 2019 - A Coin Ceremony was held at the Brodosplit shipyard in Split on Friday with a coin being laid in the keel of a passenger ship for polar expeditions to be built at the dock for the US company Quark Expeditions. "For the client the coin symbolically reflects a personal approach to polar expeditions," Brodosplit said, adding that this the first time a ceremony of this kind was held at the shipyard. The ship which will be named Ultramarine. It will be 128 metres long, 21.5 metres wide and will weigh 13,500 gross tonnes. It will…

More employment is coming to Croatia, more precisely to Kerestinec near the Croatian capital of Zagreb, thanks to an ammunition factory. As Poslovni Dnevnik/VL/Davor Ivankovic writes on the 2nd of August, 2019, the exact location of the ammunition factory, an investment of strategic interest to the Republic of Croatia, was revealed at a session of the Croatian Government when consent that the former military property in Kerestinec near Zagreb be handed over to Alan d.o.o. was given. At this Kerestinec warehouse and forest, there used to be an anti-aircraft missile base which has gone unused by the Croatian Army for…

ZAGREB, August 1, 2019 - The Croatian government projects budget revenues for 2020 at 141.6 billion kuna and expenditures at 144.3 billion kuna, Finance Minister Zdravko Marić said while presenting the Economic and Fiscal Policy Guidelines 2020-2022 at a Cabinet meeting on Thursday. Marić said that the projections were a continuation of the policy aimed at ensuring the sustainability of public finance, economic growth and increasing the citizens' living standards. Real GDP growth was forecast at 2.8% in 2019, 2.5% in 2020 and 2.4% in 2021 and 2022. Prime Minister Andrej Plenković said that the projected rates were realistic and…

ZAGREB, August 1, 2019 - The government decided at its meeting on Thursday to get involved in the process of unblocking the account of Rijeka's 3. Maj shipyard, relaunching production and completing the vessels on which work had begun. The Croatian shipbuilding corporation Jadranbrod was instructed to thoroughly analyse the proposed measures and submit its findings to the Ministry of Economy, Entrepreneurship and Crafts. The ministry will then propose specific measures based on the laws on the budget, state grants and other regulations and will present them to the ministries of finance and justice. After the harmonisation of the proposed…

ZAGREB, August 1, 2019 - The Paying Agency for Agriculture, Fisheries and Rural Development on Wednesday signed 400 new agreements worth a total of 94 million kuna from the Rural Development Programme, intended for young and small farmers and the development of non-agricultural activities. The agreements include 90 agreements to support young agrarians, 271 agreements to support the development of small farm and 39 agreements to support the development of non-agricultural activities in rural areas. Newly-appointed Agriculture Minister Marija Vučković attended the signing ceremony and said that these measures were important because they would contribute to the survival of Croatian…