Business

Big plans are in the works for the Croatian meat industry, more precisely the Pivac company who are going forward with enormous investments near Vrgorac, all in the name of Dalmatia's beloved prosciutto (pršut). As Poslovni Dnevnik/Sergej Novosel Vuckovic/Marta Duic writes on the 27th of June, 2019, more than seventy percent of the production of certified Dalmatian prosciutto with a protected designation of origin in the EU, comes from the Vrgorac region, and the largest prosciutto production complex in the whole of Southeastern Europe is located in the village of Zavojane. The owner is the Croatian meat industry's well known Pivac,…

ZAGREB, June 27, 2019 - Minister of Economy, Entrepreneurship and Crafts Darko Horvat said on Thursday he believed that Rijeka's 3. Maj shipyard would not end up in bankruptcy and that the government intended to find a solution to help the shipyard complete the projects it had begun. "We have to be sure that whatever we do is in line with law," Horvat told reporters after a cabinet meeting when asked if the government would provide financial assistance for the completion of the vessels. Asked if he expected this might draw objections from the European Commission, Horvat said there would…

As Novac/Gradonacelnik.hr writes on the 26th of June, 2019, after recently analysing the positive trends of the Croatian company scene on the basis of the data of the Ministry of Economy and other competent bodies, and finding that the largest number of Croatia's company owners are based in island towns and the largest growth has been recorded by the City of Dubrovnik, let's look at the situation with entrepreneurs. The number of newly established companies in Croatia, likely to the surprise of many, is continually growing, in 2018, as many as 14,267 of them were founded, which is almost one…

ZAGREB, June 26, 2019 - Next week Croatia will send a letter to Brussels expressing its intent to join the eurozone, Prime Minister Andrej Plenković announced in an interview with Croatian Radio on Wednesday morning. Plenković had held several meetings on the margins of a recent EU summit as part of the preparation of the Croatian strategy for the adoption of the European single currency, the euro. He met with European Central Bank President Mario Draghi, European Commission Vice-President for the Euro Valdis Dombrovskis, Eurogroup President Mario Centeno and President of the Eurogroup Working Group Hans Vijlbrief. "All four men…

A major foreign acquisition involving one very well known Croatian company - Zagreb's Dukat. As Vedran Marjanovic/Novac writes on the 25th of June, 2019, the French company Lactalis, the owner of the Croatian company Dukat and the world's largest milk and dairy producer, have completed the take over of the Italian cheese producer Nuova Castelli in a purchase of which all the details are not yet known to the public. After Lactalis and its recent owner of eighty percent of the shares of Italy's Nuova Castelli, the British fund Charterhouse Capital Partners have announced the signing of a share purchase…

As Novac/Filip Pavic writes on the 24th of June, 2019, Mate Rimac, the founder of the Croatian supercar company Rimac Automobili and Prime Minister Andrej Plenković met in the afternoon a couple of days ago in Banski Dvori. During their 45-minute-long talk, which was also attended by Economy Minister Darko Horvat, Rimac agreed with the prime minister for him to finally pay a visit to his facility in Sveta Nedjelja near Zagreb. Since Prime Minister Plenković has not yet visited Rimac's supercar factory, he has three-hour tour awaiting him on Friday, and there will also be a presentation on how…

As Lucija Spiljak/Poslovni Dnevnik writes on the 23rd of June, 2019, In Kerestinec, near Sveta Nedjelja, in the modern greenhouses belonging to the Croatian company Rajska rajčica, the best type of tomato variety is produced and sold under the company's director Zvonimir Belić and 74 hardworking employees. The Rajska brand operates within the Zarja Group, it is the largest tomato producer in the Republic of Croatia, and not long ago it changed its name after more than ten years in a new business move and in the scope of rebranding. Annually, Rajska produces three million packs of tomatoes which are currently…

More Croatian innovation continues to impress not only those in nearby Western Europe but those across the Atlantic in the United States. As Marta Duic/Poslovni Dnevnik writes on the 22nd of June, 2019, the Croatian company Agency04 agency is a Zagreb-based software development company that generates more than sixty percent of its revenue on the markets of Western Europe and the USA. This successful Croatian company was founded five years ago, and today their team consists of seveny experts from Mobile, Web and Java development, user experience-UX, automatic quality control and so-called Agile counselling. "All of [the company's] founders are…

Croatia's paradoxical economic situation continues as the country continues to raise its quota to allow for the importation of foreign workers to do the jobs it seems that Croats simply don't want to do. As Poslovni Dnevnik writes on the 22nd of June, 2019, in the Republic of Croatia, as many as 600,000 residents over the age of 25 and younger than 65 aren't working, nor are they even looking for work, according to a report from Vecernji list. Most of them, as the aforementioned publication quoted, referring to the data of the Central Bureau of Statistics (CBS), are of…

ZAGREB, June 21, 2019 - Croatian Minister of Economy, Entrepreneurship and Crafts Darko Horvat and Slovenian Minister of Economic Development and Technology Darko Počivalšek said on Friday that Croatian-Slovenian economic cooperation has a good trend and both economies have similar problems, one being a labour shortage. The two ministers met in Mokrice as part of a business conference organised by the SLO CRO Business Club in honour of the two countries' statehood days. Počivalšek underscored that economic cooperation between Croatia and Slovenia had positive trends and that trade had reached 5.5 billion euro last year, an increase of 11% on…