Business

ZAGREB, April 18, 2019 - Croatia has a relatively old vehicle fleet in all vehicle categories, with the average age of passenger cars at 12.6 years, motorcycles and mopeds at 12.5 years and tractors at over 30 years old, according to data from the Croatian Centre Centre for Vehicles. Last year, 79,935 used passenger cars and 61,745 new ones were registered, as imports of used vehicles continued to grow, especially after the country joined the European Union. The statistics showed that as many as 68.4 percent of cars were more than a decade old. In other categories, buses were on…

Tifon, a member of MOL Group, opened a fast charging station for electric vehicles at its retail location Draganić North. At the same time, similar fast charging stations were also opened at the Draganić South and Ravna Gora stations. These are the first stations for fast charging of electric vehicles on Croatian motorways connecting the Zagreb-Rijeka route and the first in a series of stations that will connect Zagreb and Split ahead of the tourist season, reports Večernji List on April 18, 2019. Tifon will be one of the first participants in the Croatian energy market to offer tourists an…

ZAGREB, April 18, 2019 - Executives from a Chinese shipbuilding company will visit two Croatian shipyards later this month or early next month to explore possibilities for cooperation, Prime Minister Andrej Plenković announced in an interview with the HRT public broadcaster on Wednesday evening. The announcement came after a high-level Chinese delegation, led by Premier Li Keqiang, visited Croatia last week as part of the summit of 17 Central and Eastern European countries and China in Dubrovnik. The CEO of the China Shipbuilding Corporation, the man whom Premier Li contacted during his visit last week, will visit Croatia together with…

Get your wallets and credit cards ready as something new opens its doors Sesvete near the Croatian capital city of Zagreb, breathing life into an old building and potentially the local economy, too. As Poslovni Dnevnik writes on the 17th of April, 2019, the brand new Five Star Outlet has officially opened its doors in the place of the former Europatrade building and has a great many leading international brands in its rich assortment. Otherwise, Sesvete's new Five Star Outlet is the very first cosmetics outlet in the Republic of Croatia, covering 1200 square metres of space in total. Customers…

ZAGREB, April 17, 2019 - The Independent Trade Unions of Croatia (NHS) on Wednesday said that this year's Easter hamper will be more expensive despite the reduced VAT rate on certain items. The NHS has calculated the cost of three Easter hampers - a modest one, worth 703 kuna, which is 36 kuna more than last year, a medium-sized hamper of 1,225 kuna, up 1 kuna from last year, and a rich hamper, valued at 1,824 kuna or 109 kuna more than last year. The contents of the hampers differ according to the type of meat and fish and whether…

ZAGREB, April 17, 2019 - About one hundred new government-funded (POS) flats will be built in the Zadar suburb of Crvene Kuće over the next two years and an agreement to that effect was signed on Wednesday. The agreement and preliminary agreement on mutual rights and obligations were signed in Zadar by Deputy Prime Minister and Minister of Construction and Physical Planning Predrag Štromar, State Assets Minister Goran Marić, State Real Estate Agency (APN) Director Slavko Čukelj and Zadar Mayor Branko Dukić. Štromar said that to date 492 POS flats have been built in Zadar county, 436 of which are…

ZAGREB, April 17, 2019 - The European Parliament on Wednesday adopted a law banning products of dual quality, and the Romanian presidency of the Council of the EU had the key role in efforts to put an end to the sale of products of poorer quality in eastern European countries, said a Croatian member of the European Parliament, Social Democrat Biljana Borzan. The European Parliament adopted by a majority vote the final agreement reached in March by the European Parliament, the European Commission and the European Council to ban products of dual quality in the EU. "Romania's EU Council Presidency…

ZAGREB, April 17, 2019 - Rijeka Commercial Court on Wednesday once again adjourned a hearing that should have determined whether conditions have been fulfilled to launch bankruptcy proceedings at the 3. Maj shipyard, and the next hearing is scheduled for 5 June. The latest adjournment was requested to make it possible for the new management to find funds for interim financing as in the recent days much has been done regarding efforts to conclude new contracts and find new business opportunities. The postponement was okayed today by unionists, the dock's director, Edi Kučan, temporary bankruptcy trustee Zdravko Ćupković and a…

Croatia hasn't done the best job of showcasing itself in the investment world, with investors often referring to it as the ''Bermuda Triangle'' and with the phrase ''ABC'' having come to mean ''Anything but Croatia'', things aren't looking all too bright. Things can be altered, but as the old British saying goes; mud sticks. As Ana Blaskovic/Poslovni Dnevnik writes on the 16th of April, 2019, when compared to 2018, the share of companies that would reinvest in the Republic of Croatia dropped from 68 down to 54 percent. If they were asked to do so again today, almost half of the…

As Bernard Ivezic/Poslovni Dnevnik writes on the 16th of April, 2019, in the very first NOA store in Dublin, Ireland, this company from Koprivnica, Croatia, sells mobile phones, televisions and mobile phone accessories all under their own brand. Croatia's successful Hangar18 company from Koprivnica, which has developed its very own brand of mobile phones, NOA, which has a market share in the domestic field immediately behind giants like Samsung and Apple, has opened its first own NOA store. The first brand store the company has opened is in the Irish city of Dublin, and this Croatian technology company has stated…