Business

A brand new and far more efficient way of banking is almost ready for its release onto the market in Croatia, thanks to a partnership between Croatian Telecom (HT) and Zagrebačka banka. As Poslovni Dnevnik/Bernard Ivezic writes on the 6th of June, 2019, with less than twenty days to go until the summer calendar officially begins, the first local mobile bank in the Republic of Croatia, developed by Croatian telecom (Hrvatski telekom) and Zagrebačka banka, is now ready for testing. This service, called Telekom Banking, comes directly from the largest telecom and largest bank in Croatia, and the announcement is that…

ZAGREB, June 5, 2019 - New gas sources in Southeast Europe, such as potential exploitation in the Romanian Black Sea, do not endanger the profitability of building an LNG terminal at Krk island, Croatia as the demand for this energy source will only grow, while its price will fall, US Secretary of Energy Rick Perry said in Ljubljana on Wednesday. Croatia's Večernji List daily said recently the potential exploitation of gas in the Romanian part of the Black Sea, in which the US company ExxonMobil has the lead role, would make the already modest capacities of the LNG terminal in…

ZAGREB, June 5, 2019 - The Zagreb Fair and the Celje Fair from Slovenia on Wednesday signed a memorandum of cooperation and understanding, which marked the opening of an international conference, "Exhibition Industry - Disruptor or Disruptee", at the Zagreb Trade Fair Centre. The document was signed by Zagreb Fair director Dina Tomšić and Celje Fair Management Board chair Franc Pangerl. Noting that the global exhibition industry amounted to around 167 billion euros, Tomšić said that in the past three years the exhibition industry in Croatia had almost been invisible. "After 11 years of negative business results, the Zagreb Fair…

As Poslovni Dnevnik/Jadranka Dozan/Sergej Novosel Vuckovic writes on the 4th of June, 2019, the continental Croatian town of Križevci is set to get a shopping destination covering more than 4,000 square metres this autumn under the title of Capitol Park Križevci, and new retail jobs for the local population will be opened, both in retail itself and in the initial construction of the premises. The news about this investment was initially announced by Podravski List recently, citing unofficial information that the investor, the British investment group Poseidon, will invest about 15 million kuna into the shopping centre. This British company,…

ZAGREB, June 5, 2019 - The World Bank says in its latest report that Croatia's economy is likely to slow down in 2019 and 2020, warning that emerging economies in Europe and Central Asia are especially exposed to the risk of a slowdown of the activities in the euro area. Croatia's economic activity is likely to grow at a rate at 2.5% in 2019 and 2020, according to the World Bank's Economic Prospects. Thus, Croatia's growth in 2019 and 2020 is expected to decelerate by 0.3 percentage points in comparison to the bank's report issued in January. The initial prospects…

ZAGREB, June 4, 2019 - Croatian companies in 2018 earned more than 28.3 billion kuna in net profit, which is a significant improvement compared to the year before, when they incurred a net loss of close to 3.1 billion kuna, shows a report published by the Financial Agency (FINA) on Tuesday. A total of 131,117 Croatian enterprises that are subject to profit taxation, not including banks, insurance companies and other financial institutions, in 2018 earned revenues in the amount of 751.2 billion kuna and their expenses totalled 715.4 billion. Compared to 2017, the total revenue was 8.6% higher while expenses…

The 2nd Business Café International gathering foreign entrepreneurs who started their businesses and moved to Croatia will be held on Monday, June 10, 2019, in Zagreb at 6 p.m. at Rooftop Lateral, Strojarska 20/26. Business Café International was established to highlight the opposite of migration trends, i.e. to present entrepreneurs who moved and started their businesses in Croatia. 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 as…

As Lea Balenovic/Novac writes on the 3rd of June, 2019, the Croatian Ministry of Economy recently awarded Croatian entrepreneurs twenty contracts totalling an enormous 85 million kuna. To be more specific, these are contracts funded by non-refundable EU funds for which the tenders were announced at the end of last year. The aim of these tenders, as Minister of Economy Darko Horvat explained, is to "increase production and exports and create jobs, as well as to strengthen the competitiveness of small and medium-sized enterprises through the presentation of their products and services on the international market". One of the companies…

Istria is set to open up new possibilities for employment with the construction and expansion of numerous companies operating within the Vinež industrial zone. When it comes to finding work or starting a business in Croatia, you're likely to be met with little but negative and somewhat depressing headlines. Reading about the state of the economy is enough to send anyone into a spiral of depression, but if you scrape below the surface a little, you'll see that not everything is quite so bleak in reality. As Glas Istre/Branko Biocic writes on the 4th of June, 2019, other companies also operating…

ZAGREB, June 3 (Hina) - Economy Minister Darko Horvat said on Monday that the position of the China Shipbuilding Industry Corporation (CSIC) on possible cooperation with the Croatian shipyards was still not known, announcing a meeting with businessman Danko Končar over a proposal regarding Uljanik. Answering a reporter's question, Horvat said that at the moment there was still no concrete answer from the Chinese company, whose delegations recently visited the ailing Uljanik and 3. Maj shipyards, and that he expected a letter with a concrete offer or analysis, after which he would inform the public of it. Asked if he…