Business

ZAGREB, February 22, 2019 - The developers of the Pago mobile payment application, thanks to which people can pay their bills online in a centralized manner, has announced its plans to expand to Croatia and Poland, the Romanian Insider portal said on Friday. The Romanian startup also plans to relocate to Poland, in the Huge Thing high tech business accelerator, where it was accepted together with nine other startups, Wall-street.ro said. Pago has recently introduced paid subscriptions for users who pay more than five bills per month through the app. The lowest subscription is 1.07 euro per month, for those…

ZAGREB, February 22, 2019 - Economy Minister Darko Horvat said on Friday the current growth rates, 2.7% of GDP, 4% of exports and 4.3% of investments, were a good foundation but not enough to equate Croatia with the countries it would like to stand side by side. Speaking at an investment conference, Horvat underlined the need for further reform and said that Croatia was in the middle of European rankings when it came to attracting investment. Right now, Croatia has one of the most stimulating frameworks for investors, he added. By eliminating administrative obstacles and reducing non-tax levies and the…

Minister Oleg Butković has stated that the company's business has now been stabilised, but who could the potential new majority owners of Croatia Airlines be? As Poslovni Dnevnik writes on the 22nd of February, 2019, Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butković, said that it was difficult to estimate what the potential ownership ratio could be in relation to the state, as well as with a potential strategic partner for the enfeebled Croatia Airlines. "It's hard to say that this will be a 50, 60, 70 or 100 percent sale of the ownership of Croatia Airlines, and in…

In 2013, when he was in his final year of computer science at Split's FESB, Nebojša Veron came up with the idea of launching an online food ordering service you might know today as Dobar tek.

ZAGREB, February 22, 2019 - The INA oil and gas company generated a net profit of 1.18 billion kuna in 2018, down 3.7% from 2017, its financial statement showed on Thursday. Total revenue increased by 19.5% to 23.35 billion kuna, while expenditure reached 21.83 billion kuna, up 21.5% on the year. EBITDA rose by 3.0% to 3.49 billion kuna and net sales revenue increased by 20% to 22.35 billion kuna. Capital expenditure amounted to 1.82 billion kuna, an increase of 30% on the year. The positive business results were driven by growth in all segments, particularly due to higher hydrocarbon…

The NCP Šibenik Shipyard has agreed to build a new vessel model for Norwegian fishers – a hybrid aluminium catamaran. The months-long negotiations have been completed and the contract was signed for the construction of the new type of ship for the Norwegian mariculture market, reports Jutarnji List on February 21, 2019. “Given the entry of a Slovenian investor into the ownership of the NCP shipyard, CroNoMar hopes for further successful cooperation. We have met the new owners and we are looking forward to increasing production for international markets,” says Ana Zajc, senior project advisor at CroNoMar, adding that it…

ZAGREB, February 21, 2019 - The procedure to choose a strategic partner for Croatia Airlines will be conducted by an interdepartmental commission to be tasked with considering further steps in finding an experienced air transport partner that would contribute to the future development and competitiveness of the national flag carrier, the Croatian government decided at a session on Thursday. "The commission's main task is to consider further steps to be taken in order to find a quality strategic partner with significant experience in civilian aviation, who, among other things, would ensure the expansion of the airline's network and increase its…

Valamar Riviera has signed an agreement with the Trade Union of Tourism and Services of Croatia and the Trade Union of Istria, Kvarner and Dalmatia, providing Valamar employees with new benefits, including the 13th salary in the net amount of 5,000 kuna. Valamar will pay the 13th salary to all permanent employees and all workers who will work for the company for at least ten months in 2019. The 13th salary will be paid by December 2019, reports Večernji List on February 20, 2019. Valamar has also granted its employees a minimum net salary of 5,000 kuna for all employees…

ZAGREB, February 20, 2019 - Ericsson Nikola Tesla generated a net profit of 113.6 million kuna in 2018, an increase of 67.4% over the previous year, the telecommunications equipment manufacturer said in a financial statement on Wednesday. Sales revenue increased by 5.2% to 1.56 billion kuna. The domestic market accounts for 23.9% of total sales revenue, services for Ericsson account for 61.3 percent, of which 11.4% relate to managed services in Croatia), while other export markets account for 14.8%. "The domestic market recorded a significant growth in sales revenue due to operators’ investment in mobile networks modernisation and digital transformation…

February 20, 2019 - Surf'n'Fries, Croatia's most successful franchise company, is ten years old and selling potatoes all over the world, soon on continent number 5, Latin America. "I sell potatoes." And he sells them rather well. That was the answer I received from Surf'n'Fries supremo Andrija Colak in an email interview about life as a Croatian entrepreneur when I asked him to explain what he does. I have somehow never managed to meet Andrija in all these years at TCN, which is a shame as I am keen to buy him a beer and to congratulate him in person for…