Business

ZAGREB, May 27, 2019 - U.S. Ambassador to Croatia, Robert Kohorst, said on Monday that Croatia was on the right track, however, it should upgrade its judiciary and tax system and reduce excessive red tape. During his lecture at the Zagreb School of Economics and Management (ZSEM) within the International Consulting Project, the U.S. Ambassador, who addressed a group of foreign students, said that there was a lot of similarities between Croatia and his country, however, he underscored that the capitalist system in the U.S.A was more developed. He said that risks for doing business in Croatia were connected with…

ZAGREB, May 27, 2019 - Last year was successful for the Jadrolinija national ferry company as it increased its revenue and maintained its leading position in the Adriatic, which it also plans for this year, thanks to its business development and technological advancement which should provide a better service for passengers. "The last business year brought successful results for the company thanks to which we have maintained our leading position in Adriatic. Jadrolinija won all the routes it bid for in tenders on a liberalised market," Jadrolinija stated on Monday. According to the data presented, in 2018 the company transported…

ZAGREB, May 27, 2019 - A delegation of the South Korean province of Chungcheongnam-do on Monday visited the Zagreb County to discuss cooperation in areas of common interest, and the two sides signed an agreement on cooperation. Zagreb County head Stjepan Kožić said that the meeting was organised to explore possibilities for joint projects in the economic sector, including tourism. The two regions have already been cooperating, Kožić said and in that context noted that the number of overnight stays and arrivals of South Korean tourists in Zagreb County in 2018 was 113% higher than in 2017. South Koreans recognise…

As Sergej Novosel Vuckovic/Poslovni Dnevnik writes on the 26th of May, 2019, Sigetec Ludbreški, part of Ludbreg in Varaždin County, has a population of around only six hundred people, and every day there are more than a hundred workers coming to work at Inoxmont-VS, which deals with metalworking, the concrete assembly of industrial plants and equipment and more. They manufacture and install industrial process equipment for steel, they perform pre-production and the mounting of brackets, and various other parts of industrial plants. It is definitely difficult and demanding work, but it's fairly paid There are about 170 people in operation…

May 26, 2019 - Can companies in Croatia become competitive on the global stage? A rich international gathering of international experts will explore the way forward at the MBA Croatia conference on this subject on June 6 in Zagreb. One of the big differences in my life since moving from gorgeous Hvar to equally gorgeous Varazdin has been much closer contact with Croatia's entrepreneurial class, much (but by no means all) of which is based out of Zagreb. After spending 13 years on a lovely Dalmatian island where everything is dominated by tourism, it has been very refreshing to meet…

As Novac writes on the 25th of May, 2019, the headquarters of the Zagreb-based Q IT company were visited by US Ambassador W. Robert Kohorst, where the representatives of the Croatian company Q and the US Ambassador discussed their US business operations, projects and further plans. Ambassador Kohorst, who comes from the business world, was particularly interested in Croatian Q's business strategy on the American market and what challenges they encountered. The conversation was also conducted in the spirit of bilateral relations between the United States of America and Croatia, with the aim that the US embassy could further assist…

As Poslovni Dnevnik writes on the 25th of May, 2019, Dinko Lucić, CEO of Privredna banka Zagreb (PBZ), which is a member of the Intesa Sanpaolo Group, is the winner of the prestigious CEO Today's Europe Awards for 2019 for his remarkable contribution to the presentation of Privredna banka Zagreb in the Republic of Croatia. Every year, CEO Today recognises and honours the most prestigious companies and their C-level executives in today's business world. The CEO Today's Europe Awards rewards the success, innovation and strategic vision of CEO's in numerous sectors and industries across Europe (the IT sector, telecommunications, pharmaceuticals,…

ZAGREB, May 24, 2019 - Chinese investors will invest EUR 20 million in Hotel Zagorje in Kumrovec, which used to be a political school in the former Yugoslavia, Chinese businesswoman Yu Jiang, co-owner of the Zhongya Nekretnine company, the only company that submitted a bid for that property in a recent tender, said on Friday. Yu attended a ceremony in Kumrovec, some 60 kilometres northwest of Zagreb, at which State Assets Minister Goran Marić presented municipal head Robert Šplajt with a decision whereby the recreational area in the municipality's Razvor settlement would be transferred to the ownership of Kumrovec municipality.…

ZAGREB, May 24, 2019 - Croatian exports in 2018 totalled 107.9 billion kuna, up 3.2% on 2017, while imports totalled 176.2 billion kuna, up 7.9%, putting the trade deficit at 68.3 billion kuna, up 16%, the national statistical office said on Friday. The export-import ratio was 61.2%, whereas in 2017 it was 64%. In 2018, the EU market accounted for nearly 69% of Croatian exports, up 9.3% on the year to 74.2 billion kuna, and for 78% of imports, which increased 7.9% to 176.2 billion kuna. Croatia is in the top five of EU member states which generated more than…

ZAGREB, May 23, 2019 - Three trade union federations on Thursday called for the replacement of Labour Minister Marko Pavić, citing the minister's campaign against their referendum campaign aimed at restoring the retirement age to 65 and the lack of transparency, and announced that they were leaving the Economic and Social Council (GSV) because the government favoured employers and the unions could not participate in social dialogue on an equal footing to the government and employers. In a letter to Prime Minister Andrej Plenković, the unions accused Pavić of "deluding the people and misusing budget funds in the campaign against…