Business

ZAGREB, March 21, 2019 - Prime Minister Andrej Plenković said on Thursday, that while attempting to resolve the issue in Croatian shipyards, the government was taking into account the shipbuilding industry but also the effects that any of the measures could have on the fiscal consolidation policy, shipyard workers and regions where the docks are located. "We are taking that branch of the economy into account, but we are also taking into account the overall effects on the fiscal consolidation policy and repercussions for the workers as well as the regional aspect of this issue," Plenković said at the start…

March 20, 2019 - It was once among the top brands in all former Yugoslavia, its fashion sought after internationally. Are good times coming back to Varteks in the 101st year of its history? TCN learns more about the digital revolution from Varteks CEO and member of the 2018 Financial Times top 100 digital champions, Nenad Bakic. In my many years of living in the Soviet Union, Russia, Georgia and finally Croatia, the scenes have been depressingly all too familiar. The once great Socialist system, whose factories not only employed most of the locals, but defined a town or city,…

ZAGREB, March 20, 2019) - The majority of political parties making up the ruling coalition with the Croatian Democratic Union (HDZ) said on Wednesday, ahead of a meeting focusing on the Uljanik group, that bankruptcy was a better solution than restructuring. Croatian People's Party (HNS) leader Ivan Vrdoljak said that he wanted to see concrete figures as to what both bankruptcy and restructuring would mean for citizens as well as what the continuation of production would bring and whether it was possible in a bankruptcy. Darinko Kosor of the Croatian Social Liberal Party (HSLS) warned that it was the government…

March 20, 2019 - More positive noises for the Croatian medical tourism industry from International Clinic Mentor Daniel Coulton Shaw, following his facilitation of the 5th Annual Medical Tourism Conference in Zagreb last week. He arrived with a boy band in Slovakia and helped to build a friend's dental website, only to turn that business into Slovakia's leading dental tourism clinic. As if that was not enough, he then put together GCR, Global Clinic Ranking, a business which - along with his clinic mentoring - makes Daniel Coulton Shaw not only a regular visitor to the Croatian medical tourism scene,…

ZAGREB, March 20, 2019 - Economy Minister Darko Horvat said on Wednesday, when asked by the press if bankruptcy would be cheaper for the Uljanik shipyard than restructuring, that initially numbers would show that bankruptcy was cheaper but that, in the long run, this was not certain. "In the first stage, the numbers will certainly show that it's cheaper to file for bankruptcy, but in the long run, in the next ten years, it's a matter to discuss. We certainly won't get the exact figure and will have to simulate some things, I suppose," he said. Asked ahead of a…

As Barbara Ban/Novac writes on the 19th of March, 2019, Pula's biggest hotel group, the Arena Hospitality Group announced the continuation of its large investment cycle yesterday, the amount of which will be about half a billion kuna. These are investments in the hotel Brioni (Brijuni) and the apartment resort of Verudela Beach in Pula, the Kažela camp in Medulin, and the doing up of the Art'otel Berlin Kudamm over in Berlin, Germany. Namely, this Pula hotel company is the only one which owns hotels in Germany and Hungary at the moment. The Arena Hospitality Group recalled that by mid-2017,…

ZAGREB, March 20, 2019 - Labour and Pension System Minister Marko Pavić on Tuesday dismissed trade unions' statement about the pension reform referendum as an attempt to score cheap political points for the forthcoming European Parliament election. He added that it was an orchestrated attempt by the opposition and trade unions to misinform the Croatian public and destabilise the pension system. The trade union initiative "67 is too much", which is opposed to the proposed retirement age of 67, announced on Monday that they would be gathering signatures for a referendum on this matter from April 27 to May 11.…

ZAGREB, March 20, 2019 - Executives of Taavura Holdings, one of Israel's largest road haulage and logistics companies, and Hyundai Motor Europe have visited Croatia to explore investment opportunities, the Ministry of Economy, Entrepreneurship and Crafts said in a statement on Tuesday. The representatives of the two companies met with Minister of Economy, Entrepreneurship and Crafts Darko Horvat and Prime Minister Andrej Plenković. Plenković said that with its policy of fiscal consolidation and tax cuts Croatia was trying to improve the business framework for new investment, particularly in areas that implied the development of new technologies. Horvat presented Croatia's comparative…

The continental Croatian county of Krapina-Zagorje and Krapina itself are both doing very well in terms of the amount of EU funds contracted for various projects over the last couple of years. As Marta Duic/Poslovni Dnevnik writes on the 19th of March, 2019, Krapina is the seventeenth town in which the Ministry of Regional Development and EU Funds, in cooperation with institutions in the EU funds management and control system, have succesfully organised the informative and educational event ''Regional EU Fund Days'' with the aim of better informing the general public about the possibilities of funding from EU funds, as…

The Republic of Croatia is in a group of four European Union member states with a lower uncovered demand for workers when compared to one year earlier. The Croatian paradox of staff fighting over workers who either don't exist or don't want to work, while would-be staff complain about there being no jobs continues. As Ana Blaskovic/Poslovni Dnevnik writes on the 19th of March, 2019, the workforce problem is rapidly becoming one of the most burning issues not only here in Croatia but across the European Union. In the last quarter of last year, Croatia ranked among the four EU…