Business

As Suzana Varosanec/Poslovni Dnevnik writes on the 23rd of May, 2019, investors have recognised the potential, which for the Port of Rijeka, means a step forward to the leading container-logistics centre in the Northern Adriatic. With new investments, Rijeka is being returned to the former position that it once enjoyed at the tail end of the 1970's, when it was a large and significant port centre. Those have been the type of messages sent to the director of the Rijeka Port Authority, Denis Vukorepa, on the occasion of the completion of the Zagreb Deep Sea Container Terminal (Zagreb DSCT) project…

The Greek company Avax has filed a lawsuit against Croatia’s State Commission for Control of Public Procurement Procedures. The reason is a decision by the commission to annul the decision by the Croatian Roads to award the company the contract for the construction of access roads to the Pelješac Bridge, the Duboka-Sparagovići section, reports Večernji List on May 23, 2019. The High Administrative Court has confirmed that they had received the Avax’s lawsuit on May 16, adding that, in accordance with the Public Procurement Act, a decision on an administrative dispute must be made within 30 days from the date…

ZAGREB, May 23, 2019 - Austria’s Raiffeisenbank (RBA) is looking to make acquisitions in Croatia as organic growth alone will not be sufficient to boost its market share in the country, the CEO of the lender’s Croatian unit told Reuters on Wednesday. RBA is the fifth biggest lender in Croatia, controlling slightly below eight percent of a market dominated by Italian-, Austrian-, and Hungarian-owned banks, according to central bank data. “Our basic approach is organic growth through a high quality of service. However, organic growth will not be enough to increase market share in a market with limited growth potential,”…

ZAGREB, May 22, 2019 - Croatian candidates running in elections for the European Parliament on Wednesday attended a panel discussion on euro introduction, and most of them supported it while the Independents for Croatia and the Croatian Sovereigntists were against. Attending the event, organised by the Euractive youth network, were Tome Antičić (HNS), Dalija Orešković (START), Jozo Radoš (Amsterdam Coalition), Predrag Matić (SDP), Tomislav Sokol (HDZ), Robert Podolnjak (MOST), Irena Cajner Mraović (BM365), Ladislav Ilčić (Croatian Sovereigntists) and Tomislav Jonjić (Independents for Croatia). Most candidates said they were in favour of euro introduction on the condition the necessary criteria were…

ZAGREB, May 22, 2019 - The European Bank for Reconstruction and Development (EBRD) has provided 500,000 dollars in a grant for the elaboration of a feasibility study of a new gas pipeline that is supposed to connect Bosnia and Herzegovina's and Croatia's networks despite opposition by authorities in the Serb entity, local media reported on Wednesday. The future gas pipeline will make it possible for Bosnia and Herzegovina to have access to the trunk pipeline which will also provide a connection with the future LNG terminal on the Croatian island of Krk. The Sarajevo-based Faktor portal reported that this move…

The highly respected Global Finance magazine has proclaimed Croatia's Zagrebačka banka, a member of the UniCredit Group, the best Croatian bank in 2019. As Poslovni Dnevnik writes on the 22nd of May, 2019, the editors of Global Finance have given this prestigious award to Zagrebačka banka after extensive consultations with financial managers, bankers, bank advisors and analysts from around the world, as such, the best respective bank of each country in Central and Eastern Europe (SIE) has been selected. "We're proud to have received this prestigious award from a reputable institution such as Global Finance. In the forthcoming period, we will…

ZAGREB, May 22, 2019 - After holding talks in Zagreb on Tuesday evening with a delegation of the China Shipbuilding Industry Corporation (CSIC), which on Monday visited Zagreb's Brodarski Institut shipbuilding institute and on Tuesday the Rijeka-based 3. Maj shipyard, Croatian Economy Minister Darko Horvat said that there was potential for cooperation with the Chinese partners. Addressing the press after the talks, the Croatian minister said that the 14-engineer expert delegation had toured the Zagreb-based institute and the Rijeka shipyard and that they were now going to submit a report to the company's management. It remains to be seen which…

May 20, 2019 - As many young Croatians emigrate in search of economic opportunity, a growing number are living quite happily in Zagreb and elsewhere in Croatia and making a good living online. People like Bojan Bernik.  1.  You are living the dream of making a living via passive income. Tell us how you got started and more about your best-known website,  https://1klik.hr/  I started 1klik.hr back in 2007. It was a one-page website with bookmarks of the best Croatian websites because Google is great when you know what to look for and the name of the website, but if…

ZAGREB, May 21, 2019 - The Zagreb Infrastructure Summit was held on Tuesday to discuss the planning and development of infrastructure projects in Croatia, including the development of seaport, airport and railway transport infrastructure. "We are witnessing a major pickup in the financing of transport infrastructure. Since funding from one source is not enough, we are combining all sources available to us," said Tomislav Mihotić, state secretary for infrastructure at the Ministry of Maritime Affairs, Transport and Infrastructure. He said that large investment projects regarding railway, road and airport infrastructure were planned, citing the railway lines Dugo Selo - Križevci,…

ZAGREB, May 21, 2019 - Foreign-owned private companies are the most desirable employers in Croatia, a survey conducted by the MojPosao job search website shows. The survey, carried out in 2018 and 2019 on a sample of nearly 20,000 people, revealed that 32 percent of respondents wanted to work in a foreign-owned private company, 19 percent would prefer working in a Croatian institution and 16 percent in a foreign institution, while 14 percent would opt for a state-owned company. Broken down by gender, 35 percent of men and 31 percent of women would like to work in a foreign-owned private…