Business

ZAGREB, 22 April (2022) - Adriatic Croatia International (ACI) invested over HRK 24 million in strategic and infrastructure projects in its marinas at Dubrovnik, Trogir, Rab, Milna, Žut and Piškera in the first quarter of 2022, the marina chain operator said on Friday. The company said its focus in the first quarter of the year was on expanding the marina portfolio and developing further services. In this period, ACI generated HRK 35 million in operating revenue, which was HRK 2 million more than in the first quarter of 2021. EBITDA was HRK 10.7 million, up from 9.4 million in Q1 2021, while net…

April the 22nd, 2022 - Croatian Post (Hrvatska posta) has been making headlines for all the right reasons over the last few months, with everything from turning towards the green and digital transition to making huge investments making the news.  Now, following the openings of new sorting centres and major cash injections, Croatian Post is set to provide a very welcome wage increase of 20 percent to around 8000 of its employees. As Poslovni Dnevnik writes, just last week, Croatian Post, one of the largest employers in the Republic of Croatia, made the decision to increase the salaries earned by…

ZAGREB, 21 April 2022 - The Zagreb Stock Exchange (ZSE) indices went in opposite directions on Thursday, remaining relatively unchanged, with the Crobex increasing by 0.11% to 2,136 points and the Crobex10 decreasing by 0.1% to 1,286 points. Regular turnover amounted to HRK 7.5 million, about HRK 4.4 less than on Wednesday. The only stock to cross the one million kuna turnover mark was the Valamar Riviera hotel company, which turned over nearly two million kuna. Its price went up by 1.4% to HRK 36 per share, its highest level since February 2020. A total of 42 stocks were traded…

April 21,  2022 - Representatives of Orqa, a world leader in developing FPV goggles for drone pilots, will meet in Washington in late April with representatives of DIGITALEUROPE - the EU's leading trade association for the growth and prosperity of European innovators and prominent US policymakers, all to harmonize global digital business. Last year's launch of the Trade and Technology Council (TTC), established by the European Commission and the US government, marked a major milestone in strengthening transatlantic cooperation in artificial intelligence and advanced IT solutions. In the USA, the fast-growing technology company Orqa will present the European regulatory perspective closely…

April the 21st, 2022 - Ever wished that we lived a century or so ago when repairing things was the norm and we lived in a less ''throw away'' oriented type of society? The Rijeka repair cafe, Riperaj, is breathing some life back into those ideals. As Poslovni Dnevnik/Lucija Spiljak writes, the Swedish city of Eskilstuna near the City of Stockholm knows how to turn waste back into profit and focus on sustainable consumption and the circular economy, where the second hand shopping centre ReTuna Återbruksgalleria, the world's first centre for recycled and recycled goods, opened back in 2015. The wildly…

ZAGREB, 20 April 2022 - The main Zagreb Stock Exchange (ZSE) indices rose considerably on Wednesday following positive trends on European stock markets. The Crobex rose by 0.79% to 2,133 points and the Crobex10 by 1.23% to 1,287 points. Turnover at the close of the trading session reached HRK 11.9 million, about 6 million more than on Wednesday. The most traded stock was that of the Valamar Riviera hotel company, turning over HRK 4.8 million. Its price jumped by 6.3% to HRK 35.5 per share, its highest level since February 2020. The only other stock to pass the turnover mark…

ZAGREB, 20 April 2022 - The European Union's industrial production recovered in February, fuelled by production of durable consumer goods, and Croatia was among the member states with the largest increases in output, according to Eurostat data released on Wednesday. In the European Union, the seasonally adjusted industrial production rose by 0.6% in February compared with January, when it declined by 0.3%. In the euro area, industrial production increased by 0.7% compared with the previous month when it fell by 0.7%. Monthly comparison Production of durable consumer goods increased the most, by 2.4% in the EU and by 2.7% in…

April the 20th, 2022 - Studenac, the very well known shopping chain most commonly seen up and down the coast of Dalmatia, has been spreading its wings over the last few months and has now entered another new Croatian county, this time taking over the Slunj-based Kordun retail chain. As Poslovni Dnevnik writes, Studenac is one of the leading retail chains in the Republic of Croatia, it's also the chain with the largest chain of stores. It has now taken over the Slunj-based Kordun retail chain which operates in 9 retail stores across Karlovac County and employs 52 employees. This new…

ZAGREB, 19 April 2022 - The Croatian financial services sector's exposure to systemic risks slightly decreased at the end of 2021, primarily due to the strong economic recovery, but a further decrease in the sector's vulnerability is being hampered by accelerated inflation and the escalation of geopolitical risks, HANFA said on Tuesday. A more significant recovery and decrease in vulnerability of the sector is being hampered by accelerated price increases, which is reducing household purchasing power and slowing down consumption. Another source of uncertainty is the still present COVID-19 measures and the escalation of geopolitical risks relating to the war in Ukraine and sanctions…

ZAGREB, 19 April 2022 - Economy Minister Tomislav Ćorić on Tuesday visited the Premifab company in Zagreb which recycles and processes hazardous waste and returns 95% of it into production. Premifab cofounder Igor Podravac said the company used hazardous waste to make a solvent and that it was totally CO2 neutral, without any harmful emissions. In Croatia, the company mostly covers the pharmaceutical and automobile industries as well as the production of food packaging. It generates 35% of its revenue in the region, cooperating with the car industries of Serbia and Slovenia, the Slovenian pharmaceutical industry, and several companies in Italy and…