Business

ZAGREB, 3 July 2022 - The number of industrial workers in Croatia in May 2022 fell by 0.1% from the previous month and by 0.9% from May 2021, according to the national statistical office (DZS). Month on month, the number of workers in mining and quarrying decreased by 0.6%, while the number of workers in the manufacturing industry and the electricity, gas, steam and air conditioning supply industry remained unchanged. In the manufacturing industry, the number of workers increased the most in textile manufacturing (+3.3%) and the manufacture of coke and refined petroleum products (+2.8%). At the same time, the largest decrease…

ZAGREB, 3 July 2022 - It is estimated that the area sown with wheat this year increased by 16,000 hectares to 160,000 (+11.1%) compared to 2021 and that areas sown with maize and soya beans also increased, while those sown with rapeseed and sugar beets decreased, the Croatian Bureau of Statistics said this week. The area sown with maize this year was 290,000 hectares (+0.7%) and the area sown with soya beans was 87,000 hectares (+1.2%). On the other hand, the area sown with rapeseed was 24,000 hectares, 20% less than in 2021, and the area sown with sugar beets was 9,000 hectares (-10%). The…

July the 2nd, 2022 - A massive two million euros has been invested into a beautiful Rab beach which falls within the scope of one of many large hotel complexes - Valamar Padova. As Poslovni Dnevnik writes, the brand new sandy Rab beach at the Valamar Padova hotel and the The Beat Beach Club have now been officially opened! The value of Imperial Riviera's investment in this project in which the new Rab beach was revamped stands at more than two million euros. With this investment, Imperial continues to invest in the development of the destination of the island of Rab…

ZAGREB, 1 July 2022 - Wood veneer manufacturer Deospan Mato Furnir is the recipient of the Financial Agency's (Fina) Golden Balance Award as the most successful Croatian company overall based on financial ratings for 2021. At a ceremony on Thursday evening, Fina presented 19 awards in total: 11 Golden Balance awards to the best companies in individual sectors, two honours for excellence in business continuity and six Golden Balance awards in special categories. Fina analyzed 144,259 businesses and selected 3,978 of them for the award competition. The Golden Balance Award is awarded based on rankings calculated from 11 financial indicators in five…

July the 1st, 2022 - The well known Croatian Bluesun hotel chain which is based in Dalmatia has invested an enormous 45 million euros back into its impressive capacities, renovating approximately 800 rooms. As Poslovni Dnevnik writes, summer is here and the height of the tourist season is rapidly approaching. As such, Bluesun Hotels & Resorts, one of the leading hotel chains in all of the Republic of Croatia, has invested more than 45 million euros in the renovation of six properties in its portfolio. The investment resulted in the renovation of almost 800 rooms in the Bluesun Hotel Elaphusa, Bluesun…

July the 1st, 2022 - There are fairly lukewarm expectations for the Croatian economy, with inflation continuing and as such expectations are stagnating. As Poslovni Dnevnik writes, this month, expectations for the Croatian economy have been rather rapidly stagnating. On the one hand, there is pessimism in the retail sector due to the overall reduced purchasing power of consumers, and on the other hand, there are also improved expectations in both the industry and the service sector(s). The European Commission's survey and the Economic Climate Index (ESI) in the Republic of Croatia rose by 0.2 points in June compared to…

ZAGREB, 30 June 2022 - The first electric vehicle charger in a lamppost has been installed in the Zagreb suburb of Buzin, and trial chargers will be installed in 200 lampposts in several cities next year as part of a pilot project, while more than 100,000 will be installed across Croatia in the next decade. This is part of a project aimed at expanding the electric vehicle infrastructure launched by the Strujni krug e-mobility association. Taking part in the pilot project are Zagreb, Velika Gorica and Osijek. The Smart Energy company, which is part of the M SAN group, designed the first 3.5 kW charging station.…

June the 30th, 2022 - Croatian railways aren't usually praised by many users of their services, with complaints about the trains being slow frequent and even situations in which the train drivers not bothering to turn up for work occurring. Could all that change with some new acquisitions? There is an enormous amount to see all over this extremely geographically diverse country, which, while small, packs a punch from the sparkling Adriatic Sea and its impressive rugged coastline to its imposing, karst mountain ranges, luscious green rolling hills, picturesque lakes and seemingly endless Eastern vineyards. Seeing it all by train…

ZAGREB, 29 June 2022 - Amid careful trading on the Zagreb Stock Exchange on Wednesday, the main indices increased, with the Crobex continuing a four-day rise despite a poor turnover. The Crobex strengthened by 0.24% to 2,035 points. At the same time, the Crobex10 increased by 0.31% to 1,207 points, increasing for the second day in a row. Regular turnover amounted to almost HRK 4.6 million, which was 1.6 million less than on Tuesday. Not one stock crossed the million kuna mark. The most traded was Ericsson Nikola Tesla, turning over HRK 560,000. It closed at HRK 1,815 per share,…

ZAGREB, 28 June 2022 - Prime Minister Andrej Plenković and Agriculture Minister Marija Vučković on Tuesday met with representatives of aquaculture and fisheries businesses for talks on developments on the market and difficulties caused by rising costs as well as the government schemes to help this sector. Plenković spoke about the importance of the aquaculture and fisheries sector and its positive performance despite the challenging circumstances. In 2021, the value of Croatian exports of fisheries and aquaculture products rose by more than 30%. Over the period from 2016 to 2021, the value of aquaculture production increased by 45%. The sector's…