Business

As Bernard Ivezic/Poslovni Dnevnik writes on the 10th of June, 2019, Microsoft, the world's largest and best known software company, has awarded its ''best business partner award'' to a company whose core business is not IT for the first time ever in the Republic of Croatia. Congratulations, Croatian Telecom! Croatian Telecom (HT) has won the title of Microsoft's best business partner in Croatia for 2019. Microsoft has stated that Croatian Telecom is recognised as one of their best global partners in excellence, innovation and the implementation of Microsoft-based user solutions. Microsoft and Croatian Telecom collaborate most intensively in offering cloud…

Croatian companies are becoming all the more successful in spite of the red tape the state often places in their way. Uhljebs (click here) survive like bacteria under a toilet seat within Croatia's many draconian laws which are no friend to the entrepreneur or the investor, much less the Croatian company. The beast, also known as the Croatian bureaucratic machine, is a difficult one to conquer, but while many try and fail, some succeed. The tale of the Croatian company Infobip is one such inspiring success story. As Novac writes on the 9th of June, 2019, Silvio Kutić is the…

ZAGREB, June 9, 2019 - Finance Minister Zdravko Marić said that Fitch's decision to raise Croatia’s credit rating was very good news and that he hoped Croatia would never again fall below the investment-grade level. "We can all be satisfied, both the Republic of Croatia and all its citizens, entrepreneurs, taxpayers. It's more good news from international financial circles. Fitch is the second credit rating agency which, after many years, has restored Croatia's credit rating to the zone it belongs, the investment credit rating zone," Marić told reporters. Fitch Ratings on Friday upgraded Croatia's long-term foreign-currency issuer default rating to…

June 8, 2019 - Customer service and the concept of soft skills are sadly not things for which Croatia is well-known for, but there are attempts to change this as Sara Bukic from the innovative Bagatin Academy explains.  Arguably the most dynamic clinic in the Croatian medical tourism sector is Bagatin Clinic, which has two facilities in Zagreb and recently also opened in Split. Named as the best clinic in Europe for dermatology as just one example of its international credentials, the Bagatin philosophy is a lot more all-inclusive than one would perhaps expect in business in Croatia. Education, education,…

As Poslovni Dnevnik/Lucija Spiljak writes on the 8th of June, 2019, over the years, this Croatian company has invested resources in technology research and the development of new products and functionalities in the domain of business information systems. The expansion of the Spin company, which deals with IT, in its new office with its new 350-square-metre investment is now worth over two million kuna, bringing the company as many as twenty new jobs. In the newly adapted attic, there are six offices, a conference room, a kitchen, and even a relaxing area for socialising. "The goal of upgrading the business…

ZAGREB, June 8, 2019 - Fitch Ratings raised Croatia’s credit rating to investment-grade level on Friday, by one notch to BBB-, with a positive outlook, from BB+. "Croatia outperformed its budget target for the third year in a row in 2018, with the general government posting a surplus of 0.2% of GDP... despite the materialisation of contingent liabilities from troubled shipyard company Uljanik," the agency said. "Fiscal developments have been underpinned by expenditure restraint, increased revenue... lower interest costs and favourable macro conditions," it added. "Croatia's structural features are generally more favourable than 'BBB' peers. GDP per capita is 30%…

As Poslovni Dnevnik writes on the 7th of June, 2019, Venice is sinking, the Berlin metro is going to collapse into the earth, and the surface of the earth has risen in some places by up to two metres after the earthquake in Japan and the nuclear disaster in Fukushima - all this is what we know today thanks to the European Space Agency and the European Commission - Copernicus, worth more than ten billion euros, and presented recently at the premises of the Croatian Employers' Association in Zagreb. This ambitious program monitors the atmosphere, the oceans, and the earth's…

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 6th of June, 2019, the economic cooperation between the Republic of Croatia and Russia is growing, with more Croatian companies appearing on the Russian market, and with that, more and more Russian tourists are coming to Croatia. It's easily seen that there has been significant growth in terms of Croatia's economic cooperation with Russia, and there are now more and more Russian tourists visiting the country, and according to the experience of the Croatian Chamber of Commerce's (HGK) Moscow office, more and more Croatian companies and entrepreneurs are looking for opportunities on…

ZAGREB, June 7, 2019 - The Hrvatski Telekom (HT) telecommunications company has been proclaimed as Microsoft's Partner of the Year in Croatia for 2019, HT reported on Thursday and underlined that this is the first time Microsoft has awarded that title to a telecommunications company. "The company has been recognised as one Microsoft's best global partners for excellence in innovations and implementing user solutions based on Microsoft technology," HT reported. Awards are granted in several categories and the winners were selected from a pool of 2,900 participants from 115 countries. "Hrvatski telecom has been recognised for providing extraordinary solutions and…

ZAGREB, June 6, 2019 - Croatia annually loses 2.5 billion kuna in sales income in key product sectors due to counterfeiting and piracy, and the loss at the EU level amounts to as much as 451 billion kuna, with clothing being the most affected product sector, the European Union Intellectual Property Office (EUIPO) says. EUIPO monitored the economic impact of counterfeiting in 11 key product sectors in the EU in the period from 2012 to 2016. The analysis covered the following product sectors: cosmetics and personal care; clothing, footwear and accessories; sports goods; toys and games; jewellery and watches; handbags…