Business

ZAGREB, April 23 (Hina) - There were 1.38 million employed persons in Croatia at the end of March 2019, which is 0.6% more than at the end of February, while the registered unemployment rate dropped from 10.2% to 9.5%, show figures from the national statistical office (DZS). According to DZS statistics, there were 1,384,227 employed persons at the end of March, 8,643 more than at the end of February. Most of the employed persons, 1,181,459, worked in legal entities, an increase of 6,083 or 0.5% compared to the previous month. According to the Croatian Employment Service (HZZ), there were 145,801…

ZAGREB, April 22, 2019 - The Baby Beef association has recently reported that the sale of Croatian beef in retail chains and butcher shops has increased at a double-digit rate and that this year beef cattle farming will increase between 10% and 15%. The association sees this as a turning point in the beef production in Croatia. For the first time in ten years the growth in rate of the volume of imported beef has been stopped and last year it grew by 2% while imported fresh beef increased by 1% which could almost be described as stagnation. At the…

The Croatian capital city unfortunately has many worn facades and buildings, and the bid for Zagreb's Blok Badel will be opened in just one month and will run until May the 15th, and the selected investor should be known early on in June. As Poslovni Dnevnik writes on the 22nd of April, 2019, the City of Zagreb issued a public call for potential investors in the realisation and development of the Blok Badel project. This is a space located near the very centre of the city, about 30,000 square metres bordered by Vlaška, Šubićeva, Martićeva and Derenčinova. The expected value…

Just how important is Croatia on the Chinese investment map? As Iva Grubisa/Novac writes on the 21st of April, 2019 China's investment in European Union countries has grown steadily over the past ten years, and the European Commission (EC) has recently referred quite openly to the Chinese as a "systemic rival" and "a strategic competitor," the BBC reports. The European Union has thus introduced a new mechanism for the strict overseeing of foreign investment, in order to promptly react should they assess that foreign investment could harm the security of EU member states. According to the EC's report, a third…

After 25 years, Kaltenberg has returned to Croatia. Namely, in Kukuljanovo near Rijeka, a production facility has been opened which should, together with a nearby restaurant, revive the popularity which this Bavarian beer had in the 1990s, especially in southern Croatia, reports Večernji List on April 21, 2019. At the time when the production was located at the Jadranska Pivovara brewery, the Kaltenberg beer had the status of being a locally-produced beer. However, the business decision of Laško Pivovara brewery which bought Jadranska Pivovara led to the virtual disappearance of Kaltenberg from the Croatian market. That lasted until recently when…

ZAGREB, April 21, 2019 - Osijek-Baranja County wants to utilise the opportunities stemming from China's economic expansion and investment possibilities created in Croatia's cooperation with that country, and one of local projects suitable for such investment is the river port and airport, it was said at a meeting between county officials and the Chinese-Southeast Europe Business Association (CSEBA). After visiting the sites of the river and air ports, County Prefect Ivan Anušić recalled that contacts with Chinese partners were established a few months ago, primarily regarding tourism and now at the enterprise level. Osijek's river port at the Drava has…

Close cooperation between Britain and Croatia as Cambridge University students join forces with the Fortenova Group. As Poslovni Dnevnik writes on the 18th of April, 2019, consultants from the University of Cambridge are working on a project to find the best solutions in the field of artificial intelligence and automation for Fortenova's operative companies. It seems that Croatia's Foretnova, the former Agrokor, is entering a new era indeed. Fortenova Group's values ​​also include a leading role in the implementation of new technologies and cooperation with leading educational institutions in Croatia and across the world. Within this direction, Collaboration with the…

''The most important thing is to have a clear plan and a vision and to be persistent and never give up, because every good idea will find its way to a buyer,'' this was the message sent out to those thinking of becoming Croatian entrepreneurs. As Ivan Tominac/Poslovni Dnevnik writes on the 18th of April, 2019, an event organised by Vecernji list and Poslovni dnevnik has the ultimate goal of which is the retention of young educated people in Croatia, and after Osijek, the event will move to Koprivnica, two continental Croatian regions which are often overlooked. The event will include…

ZAGREB, April 19, 2019 - Raiffeisenbank Austria (RBA) analysts expect Croatia to end this year with growth rates similar to those in 2018 and, in their latest analysis, they comment on the restoration of Croatia's investment credit rating. For now, Croatia's investment rating has been restored only by Standard & Poor's, but the other two rating agencies are expected to follow suit and confirm that, after nearly a decade, Croatia is back among countries with adequate credit quality, the analysis says. It adds that such assessments will be a consequence of solid fiscal policy indicators, lower external vulnerability, continued economic…

ZAGREB, April 19, 2019 - Unionists in the Uljanik shipyard said in Pula on Friday the situation was alarming and disastrous, and that the government was responsible due to its inaction. "Recently... there has been less and less talk about Uljanik, where the situation is harder by the day. The situation has been alarming for a long time, but what has been happening to us over the past month is disastrous. Someone should be held accountable for this situation," unionist Boric Cerovac told the press, adding that "politicians are responsible, whether at local or national level, everyone should be called…