Business

Veliko Trgovišće is a little place in the continental Croatian county of Krapina-Zagorje. If it wasn't for independent Croatia's very first president Franjo Tuđman having been born there, it would certainly be even less known than it is now, as this unassuming little Zagorje municipality has a mere 5,000 inhabitants and is very rarely talked about in the media. As Poslovni Dnevnik writes on the 15th of May, 2019, RTL Direct went directly to this small municipality to try and see just what it has to offer. They found out that Veliko Trgovišće is no stranger to the production of…

As Poslovni Dnevnik writes on the 15th of May, 2019, the saga with the former Cavtat ''Macedonia'' hotel could well have a happy end, Večernji list reports. The story dates back to the year 2013 when a group of investors announced that the currently abandoned and devastated site will the luxury Aman resort built there. Things were of course rather complicated, which isn't remotely unusual, and in the meantime the ownership structure of the investor's company has changed, but the key player, Greek entrepreneur Petros Stathis, didn't think for even one moment to walk away from the planned and desired…

As Poslovni Dnevnik writes on the 15th of May, 2019, CET - Cutting Edge Technologies d.o.o. which has successfully been operating in the business incubator of the Technological Innovation Centre in Međimurje (TICM) in Čakovec for five years, has been acquired by German CETITEC GmbH and has as such become CETITEC d.o.o. Bojan Kolmanić, a development engineer with a wealth of experience in developing software and electronic components for the automotive industry and who is also one of the co-founders of CET, began the company's business back in 2014, according to Međimurske novine. This entrepreneurial Međimurje local has built up…

ZAGREB, May 15 (Hina) - Consumer prices in April 2019 were 0.7% higher than in the same month of 2018 and 0.6% higher than in the previous month, the national statistical office (DZS) said on Wednesday. This is a slower monthly and annual inflation rate considering that in March consumer prices grew by one percent from February, with the annual inflation rate in March being 0.9%. DZS figures show that prices of alcohol and tobacco saw the highest annual increase, of 4.8%, followed by prices of housing, water, electricity, gas and other fuels, which went up by 3.9%. Prices of…

Celebrated Croatian entrepreneur Mate Rimac discusses Rimac Automobili's new partnership with Hyundai and Kia Motors, how he plans to give a certain percentage of the company to its employees, revenue, the future, and more. As Jutarnji list/Gordana Grgas writes on the 14th of May, 2019, after it was announced that the Hyundai and Kia Motors had decided to invest a massive 600 million kuna in capital into Rimac Automobili, Mate Rimac announced in an interview for Jutarnji list that he would give seven percent of the company to his employees, from the cleaners to the directors. We're bringing you the…

ZAGREB, May 15, 2019 - Prime Minister Andrej Plenković said on Tuesday that entering euro area was a goal that should be achieved as it was in Croatia's interest, i.e. good for its economy, financial system and international position, and so that Croatia could be a successful European Union member. He was speaking ahead of the presentation of certificates to participants in a Columbia University two-day seminar on Croatia's access to the euro area that was held at the State School for Public Administration on Monday and today. The participants were 28 state officials and civil servants, members of a…

ZAGREB, May 15, 2019 - During her state visit to Canada, Croatian President Kolinda Grabar-Kitarović met with business women and women chief executive officers and investors in Toronto on Tuesday, her office said in a press release. The meeting was organised by the Canadian-Croatian Chamber of Commerce. Addressing those present, Grabar-Kitarović emphasised the strong dynamic of mutual visits at political and other levels which were helping promote friendly relations between the two countries. She in particular highlighted the importance of advancing economic cooperation, which she said had not yet reached its full potential. The president said that Croatia and Canada…

ZAGREB, May 14, 2019 - The Agrokor Group in 2018 earned consolidated audited revenues in the amount of 38.8 billion kuna, 1.8% down from the year before, while its operating profit grew strongly to 2.39 billion kuna and net losses dropped considerably in comparison to 2017, to 1.4 billion kuna, shows a report the group released on its website on Tuesday. The consolidation covers 108 companies in which Agrokor has a controlling interest, of which 53 are in Croatia. The group's consolidated revenues of 38.8 billion kuna are 712 million kuna or 1.8% down from 2017. Operating expenses dropped by…

ZAGREB, May 14, 2019 - The Culmena company in Zagreb on Tuesday unveiled the "100 Smart Factories" project aimed at helping companies align with the requirements of Industry 4.0. The project is designed for small, medium and large manufacturing companies and uses the innovative Culis method in helping the industrial and services sectors to quickly undergo digital transformation, said Professor Nedeljko Štefanić of the Zagreb Faculty of Mechanical Engineering and Naval Architecture. Culis was developed over five years based on Štefanić's experience as a member of the European Commission's task force for digitising the industrial, agricultural and healthcare sectors, and…

Hyundai Motor Company and Kia Motors Corporation, part of Hyundai Motor Group, have invested 600 million (80 million euro) in Rimac Automobili. Hyundai Motor has invested 474 million kuna (64 million euros) and Kia Motors 126 million kuna (16 million euro). The first joint project will be cooperation on the development of two high-performance electric vehicles, reports Index.hr on May 14, 2019. This is excellent news for Rimac Automobili, but also Croatia, as the company from Sveta Nedjelja should help the South Korean automobile giant in the transition to the so-called clean mobility. Hyundai Motors wants to speed up its…