Business

ZAGREB, June 2, 2019 - The Croatian National Bank (HNB) marked the 25th anniversary of the kuna as the national currency with a 25 kuna coin released in 30,000 copies. The kuna became the official currency on 30 May 1994, then Statehood Day, replacing the Croatian dinar, which itself had replaced the Yugoslav dinar as a transitional currency after Croatia gained independence from the former Yugoslavia. The Archaeological Museum in Zagreb is also marking the kuna's 25th birthday with an exhibition which opened on May 30. The HNB has issued the special 25 HRK coin on 14 occasions so far…

The common index, called Adria Prime, will consist of five Croatian and nine Slovenian companies from the Prime Market. As Poslovni Dnevnik/Tomislav Pili writes on the 2nd of June, 2019, a record number of participants gathered at sixth investment days of the Slovenian and Croatian capital markets, while the most important features of the two markets were presented to foreign investors. The event was organised by the Ljubljana and Zagreb Stock Exchange(s), and is conceived as a venue for the meeting of Slovenian, Croatian and international investors, as well as eminent issuers from the Zagreb and Ljubljana Stock Exchange(s) with…

ZAGREB, June 2, 2019 - Economy Minister Darko Horvat said on Saturday he would be happier if he could have utilised the 4.4 billion kuna in enforced guarantees for ships for good entrepreneurs instead. He was responding to questions from the press in Prelog, where reporters asked him about the situation in shipbuilding ahead of a court hearing on the bankruptcy of the 3. Maj dock in Rijeka and after bankruptcy proceedings were opened in Pula's Uljanik. Asked about a dredger for which Belgium's Jan De Nul company has enforced guarantees, Horvat recalled that an attempt was made last October…

When you think of Bjelovar, the first thing that comes into your head almost certainly isn't startups and forward thinking business practice. Such things are lagging in Croatia as a whole, but this continental Croatian town might just surprise you yet. The Croatian startup scene is a bit of a mixed bag. It's rare to see a country which boasts such levels of talent and innovation and yet be governed by a state which really doesn't understand, nor is it ready to embrace the idea of startups. Despite obstacles, of which there are many, there are steps being taken, at…

ZAGREB, June 1, 2019 - Sweden's Tele2 AB has agreed to sell its Croatian business Tele2 Croatia to United Group, a leading telecoms and media provider in Southeast Europe, for 220 million euro, the telecom said on Friday. The transaction provides an opportunity for the company to realize value from the successful development of the Croatian business and to further advance its strategy with a focus on the Baltic Sea region, the company said. "We are proud of the business we have built in Croatia and especially its outstanding development in the last two years, driven by our talented employees…

ZAGREB, May 31, 2019 - The volume of construction work in Croatia in March 2019 was 11.2% higher than in March 2018 and up by 13.7% in Q1 compared to Q1 last year, making it the best quarter since Q1 2008, data from the State Bureau of Statistics (DZS) show. Month on month, construction output in March was down 2% compared to February. The volume of works on buildings increased by 9.1% and by 14.4% on other structures year on year. According to the DZS, other structures include roads, railways, pipelines, bridges, dams, sports grounds and the like. According to…

ZAGREB, May 31, 2019 - An exhibition marking the 25th anniversary of the introduction of the Croatian currency, the kuna, was opened at Zagreb's Archaeological Museum on Thursday. The exhibition on the kuna, which was introduced on 30 May 1994, was staged by the Archaeological Museum in cooperation with the Croatian National Bank (HNB). The author of the exhibition is Tomislav Bilić and it will be open until June 30. On display are all versions of official and commemorative Croatian coins and banknotes issued over the past 25 years. On the occasion of the 25th anniversary of the kuna, the…

Paddling through a muddy array of depressing stories about companies operating (or not, as the case usually is) in Croatia, Infobip continues to attract nothing but positive headlines and encouraging articles from across the board. This Croatian IT company appears to be going from strength to strength and this has been confirmed once again in the British capital. As Darko Bicak/Poslovni Dnevnik writes on the 30th of May, 2019, this Croatian IT company has been proclaimed the best owing to the votes of 350 global telecom companies and 265 other companies. The Croatian IT company Infobip, which employs 1,600 people not…

ZAGREB, May 30, 2019 - The national road operator Hrvatske Ceste (HC) took into account of possible appeals, lawsuits and so on with regard to access roads to the Pelješac Bridge, and now it is necessary to wait for the court's decision on the appeal that was lodged, but all the works will be completed within the set deadlines, Minister of Maritime Affairs, Transport, and Infrastructure Oleg Butković told reporters on Thursday. Butković said that "we are used to that and nothing we haven't seen before is occurring," and that "no one, including the Croatian government, prime minister, ministers or…

ZAGREB, May 30, 2019 - Hungarian Foreign Minister Peter Szijjarto said on Thursday the relationship between the Croatian INA oil company and Hungary's MOL energy group burdened relations between the two countries which, beside this problem, cooperated well. Every time we meet with Croatian government officials, INA is on the agenda, but we always let our Croatian friends know that is strictly a business issue, not a political issue being dealt with by the Hungarian government, Szijjarto told reporters outside the Croatian government after meeting with Prime Minister Andrej Plenković. I must admit the relationship between MOL and INA or…