Business

ZAGREB, April 25, 2019 - A luxury polar discovery passenger vessel, Scenic Eclipse, the first of its kind in the world which the Pula-based Uljanik shipyard is building for Australian shipowner Glen Moroney, left the Uljanik shipyard on Thursday morning to be docked in the Rijeka-based Viktor Lenac shipyard. According to sources in Uljanik, this is a regular procedure in the final stage of building a ship and docking is necessary to carry out checks and supervision of underwater works and to paint the vessel. In normal circumstances, this would be good news because it would mean that the dock…

''For the start of cooperation between Croatia and the USA, Međimurje County is perhaps the best place for some new opportunities,'' stated US Ambassador HE. W. Robert Kohorst on Wednesday in the continental Croatian town of Čakovec. As Poslovni Dnevnik writes on the 25th of April, 2019, the visit began with a working meeting in Međimurje County, Božena Malekoci-Oletić said for Međimurske Novine. The US Ambassador visited the Međimurje Polytechnic where he attended the marking of the eleventh anniversary of the Polytechnic, the Technological Innovation Centre, and he also met some of Međimurje's young basketball players. American Ambassador Robert Kohorst,…

For the first time in Croatia, the international scientific and expert conference "Proceed with Care - Living with Tourism" will take place, organised by the National Association for Interdisciplinary Activities in the Field of Heritage and Tourism. The conference will be held under the auspices of Croatian President Kolinda Grabar-Kitarović, Croatian Commission for UNESCO, and the Ministry of Tourism, and in the partnership with the Town of Šibenik, the Croatian National Tourist Board and the Krka National Park. The Proceeding with Care - Living with Tourism conference is to become an annual gathering of international experts, relevant authors and researchers,…

ZAGREB, April 24, 2019 - A new passenger terminal at Zadar's Gaženica Port was opened on Wednesday on Zadar County Day. After President Kolinda Grabar-Kitarović officially opened the new terminal, Zadar County Prefect Božidar Longin said that the port project was something that generations of Zadar citizens had dreamt of. Longin recalled that tourism was the strongest economic branch in the county and that several other local sectors would profit from the port, such as agriculture, crafts, enterprise and retail outlets. "That will be particularly visible after Zadar becomes a home port for cruise ships that will sail around the…

ZAGREB, April 24, 2019 - Finance Minister Zdravko Marić told Croatian Radio that over the next few weeks the state will pay between 400 and 500 million kuna to cover the enforced guarantee for the Pula-based Uljanik shipyard, adding that the government would do everything so that the company that commissioned the construction of a dredger from Uljanik shipyard does not demand the repayment of all advance payments. The Dredging and Maritime Management company, owned by the Jan De Nul group, is demanding the repayment of all advance payments for the construction of a dredger by Uljanik plus interest, with…

Although the Croatian economic situation isn't the most promising one in the world and you’ll encounter and many young people are leaving the country in search of better future, not everything is as bad as the news might suggest. Croatia is full of young, driven, educated and ambitious individuals who want to create something for themselves in their own country by founding startups. On a very long list of successful Croatian startups, TalentLyft, is a name you should remember. It was recently recognised as the best Croatian startup by Global Startup Awards. EU-Startups, the leading online publication with a focus on startups in Europe,…

ZAGREB, April 24, 2019 - Adriatic Union leader Boris Cerovac said on Tuesday that the hearing set for Wednesday at the Commercial Court in Pazin regarding the possible bankruptcy of the Uljanik Group had two options – either the judge will decide on bankruptcy or he will receive firm guarantees that a solution for Uljanik exists and will once again adjourn the hearing. "There are two options on the cards – from the one that the judge will decide that conditions exist for bankruptcy, to the one that it has in the meantime received firm guarantees from someone that a…

The Croatian Employers' Association (HUP) has welcomed changes to the Law on Companies and has urged that no new burdensome regulations be introduced. As Ana Blaskovic/Poslovni Dnevnik writes on the 23rd of April, 2019, recent changes to the Law on Companies, which simplifies the establishment and the liquidation of companies, will enable entrepreneurs to be more competitive and help Croatia to climb up and improve its place on lists such as that of the World Bank, Doing Business, on which Croatia occupies 68th position out of 140 countries worldwide.  The Croatian Employers' Association (HUP) has openly welcomed these positive changes,…

ZAGREB, April 23, 2019 - Croatia recorded a consolidated general government budget surplus of 758 million kuna in 2018, which is 0.2% of GDP, and a consolidated general government debt of 284.7 billion kuna, which is 74.6% of GDP, according to figures released by the National Bureau of Statistics (DZS) on Tuesday. It was the second year in a row that Croatia had run a consolidated general budget surplus, but it was lower than in 2017, and the general government debt to GDP ratio continued to decline. The DZS submits a report on general government budget deficit and debt to…

ZAGREB, April 23, 2019 - The Dredging and Maritime Management company, owned by the Jan De Nul group, is demanding the repayment of all advance payments for the construction of a dredger by the Pula-based Uljanik shipyard plus interest, with government collateral having been given for a part of the advance payments, the dock said on Tuesday. On April 19 the client said that it would seek the repayment of its advance payments for the vessel that was to have been built by the shipyard, Uljanik said in a statement it made public via the Zagreb Stock Exchange. "After months…