Business

Wednesday, 16 January 2019

Minister Admits Lack of Strategic Partners for Croatian Shipyards

ZAGREB, January 16, 2019 - Economy Minister Darko Horvat during Question Time in Parliament on Wednesday dismissed criticism by MP Tulio Demetlika of the Istrian Democratic Party (IDS), who said that Horvat lied that he had a strategic partner for Croatian shipyards, stressing that he was speaking about potential partners with whom talks were underway. "I have never said we had a strategic partner for Croatian shipyards, I said we have potential partners with whom we are talking," Horvat told Demetlika, who also asked Horvat why he asked local government units to break the law and pay salaries to Uljanik…
Wednesday, 16 January 2019

Osijek Offers Investors Hope With Numerous Attractive Measures

As Poslovni Dnevnik writes on the 16th of January, 2019, Osijek's "IT park" business zone story is beginning to develop after a lot of back and forth on the issue, much to the satisfaction of interested parties. The City of Osijek and its numerous IT companies whose business results and success have put Osijek firmly on the map, are leading it to become a focus of the Croatian IT scene. Glas Slavonije reported that its very last session last year, Osijek's City Council adopted a proposal for a decision on the establishment of the "IT Park" business zone with the…
Wednesday, 16 January 2019

Croatian Exports to Canada Doubled in First Nine Months of 2018

As Lucija Spiljak/Poslovni Dnevnik writes on the 16th of January, 2019, the Republic of Croatia was the third EU member country to ratify the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union in 2017, opening up new opportunities for both Canadian and Croatian entrepreneurs and innovators, as well as promoting and increasing trade and economic development. Owing to that, Croatian exports to Canada doubled in 2018. In addition to the abolition of customs duties for more than 98 percent of goods, according to data from the Croatian Chamber of Commerce (HGK) and state statistics, in the…
Tuesday, 15 January 2019

INA Restructuring and LNG Terminal Remain a Priority

ZAGREB, January 15, 2019 - Environment and Energy Minister Tomislav Coric said on Tuesday that the government wanted a successful and profitable INA, adding that this required restructuring of this oil company's refineries. He also spoke about the LNG terminal. "The aim of the government is to ensure a successful, profitable and vertically integrated INA. A successful and efficient INA has no alternative," Ćorić told a press conference dedicated to energy issues. He, however, added that this wish does not correspond with the present state of INA's oil refineries, as the one at Rijeka operates at 70 to 80 percent…
Tuesday, 15 January 2019

New Statistics Subdivision to Improve EU Funds Usage?

ZAGREB, January 15, 2019 - Prime Minister Andrej Plenković held a meeting on Tuesday with representatives of the associations of Croatian counties, municipalities and cities for the talks on a new subdivision of Croatia for statistical purposes as envisaged by the Nomenclature of Territorial Units for Statistics (NUTS) developed and regulated by the European Union for the purposes of EU funds usage. Plenković said that his cabinet was open to suggestions and proposals, noting that the existing statistical subdivision of Croatia into two NUTS statistical regions was made in 2012. Many debates have been held since then about whether this…
Tuesday, 15 January 2019

CETA an Opportunity for Croatian Businesses to Enter Canadian Market

ZAGREB, January 15, 2019 - Croatian Prime Minister Andrej Plenković, who on Monday received Canadian Parliament Speaker Geoff Regan, said after the talks that the Comprehensive Economic and Trade Agreement (CETA) offered an opportunity for Croatian businesses to deliver their goods and services on the Canadian market. Plenković underscored the importance of strengthening of bilateral economic cooperation and spoke about the common values which Croatia and Canada, members of NATO and other international associations, share, the government's public relations office reported. Croatian Parliament Speaker Gordan Jandroković and his Canadian counterpart Regan earlier on Monday hailed the benefits of the trade…
Tuesday, 15 January 2019

Croatian Company Starts From Scratch, Succeeds, Plans to Enter New Markets

As Marta Duic/Poslovni Dnevnik writes on the 14th of January, 2019, at the end of last year, IMG Zagreb marked thirty years of hard work, this Croatian company is otherwise the only specialised manufacturer and servicer of shut-off armature, and producers of stainless steel products and other materials for the oil, gas, petrochemical, pharmaceutical and food industries in the country. IMG Zagreb was founded way back in 1988 as a private company specialising in the production and service of pipe fittings, high pressure valves, and various other stainless steel products, as well as other materials for the petrochemical, pharmaceutical and…
Tuesday, 15 January 2019

China and Croatia Grow Closer as Chinese Focus on Rijeka and Coast

The relationship between China and Croatia is continuing to grow ever closer, and bringing the Chinese to the Croatian coast is potentially just an introductory step in their much wider engagement on the development of Rijeka's traffic connections, both operationally and financially. As Poslovni Dnevnik writes on the 14th of January, 2019, Minister of Maritime Affairs, Transport and Infrastructure, Oleg Butković, will travel to China later this month, where he will discuss, among other things, the opportunity for them to take the concession for a new Rijeka container terminal on the coast with Chinese shipowners and port operators, according a…
Monday, 14 January 2019

Croatia’s EU Funds Usage Improves

ZAGREB, January 14, 2019 - Regional Development and EU Funds Minister Gabrijela Žalac said on Monday that 2.9 billion euro was made available in 2018 through 152 tenders for the allocation of European Union funds, whereby 79% of the total 10.7 billion euro has been made available. Speaking at a press conference, Žalac said the total amount of the tenders advertised had risen to 8.5 billion kuna. She added that in the 2014-18 period tenders were advertised for 5.6 billion euro, 52% of the available allocation. Žalac said project contracting had risen in this government's term, from 975 million euro…
Monday, 14 January 2019

Uber to Involve Bernays Students in Research Projects

January 14, 2019 - Uber will allow the students from Bernays to cooperate with them on research projects linking tourism, urbanism and mobility and aimed at building a system on a global level Edward Bernays University College and Uber, the largest global mobility company, have signed a memorandum of understanding with the aim of developing and building an ecosystem of mobility and traffic in tourism on both local and global levels. The partnership was signed by Damir Jugo, PhD, dean of Bernays and Uber General Manager for South-East Europe, Davor Tremac. The cooperation between Bernays and Uber highlights the use…
Monday, 14 January 2019

Zabok to Become Croatian Home of Academy for Business Angels

As Bernard Ivezic/Poslovni Dnevnik writes on the 13th of January, 2019, one of the most beautiful and well-preserved old Zagorje buildings, Bračak near Zabok, will officially become a real, ''angelic'' building at the end of January, 2019. On the 21st of January, the first office of the the World Bank Investment Forum of Business Angels (WBAF) in the European Union will be officially inaugurated at the Bračak palace. Bračak palace, which is 130 years old, will have a new function after playing the role of both a former children's hospital and an energy centre. Zabok's beautiful palace will be transformed…

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