Business

ZAGREB, 19 April 2022 - Over 12 million kuna (€1.6 million) will be allocated for projects which civil society associations are going to implement for the development of local communities, the Croatian government's Office for Cooperation with NGOs reported on Tuesday. The office announced that the ceremony at which the grants will be awarded will be held at 1400 hours today. The grants will be given to 20 associations. The office recalls that the government has launched a HRK 120 million (€16 million) scheme called  "Strengthening the capacity of civil society organizations to respond to the needs of the local community" for projects designed to contribute…

April the 17th, 2022 - A decade ago, HZ (Croatian railways) purchased 44 new trains for the mind-boggling price of 1.66 billion kuna, but where are they today? As Poslovni Dnevnik/Jadranka Dozan writes, in order to procure seven new diesel-electric motor trains, the Croatian Government gave the "green light" to HZ Putnicki prijevoz (CR Passenger transport) to sign pre-financing and lease agreements with EUROFIMA - the European Society for Financing the Procurement of Railway Materials. The value of this financing stands at a massive 31 million euros. When it comes to the renewal of HZ Putnicki prijevoz's fleet, ten years…

April the 16th, 2022 - The Zagreb ReversingLabs company has become a member of the world's largest open source security initiative, placing Croatia on the map of success in yet another sector. As Poslovni Dnevnik writes, among the 20 global technology and other companies that joined Linux's Open Source Security Foundation in March (OpenSSF) is the Zagreb ReversingLabs company, a cybersecurity specialist enterprise and one of the fastest growing IT companies in all of Croatia. OpenSSF has been operating under the auspices of the non-profit Linux Foundation since August 2020, and it brings together the world's most important initiatives to…

ZAGREB, 15 April (2022) - So far, 4270 Croatian businesses have received a total of HRK 128 million (€17m) in subsidies to cushion the impact of increased natural gas prices on their operations, Minister of Economy and Sustainable Development Tomislav Ćorić said on Friday. "In the first two weeks of the implementation of the government measure to mitigate the consequences of increased energy prices, 4,270 businesses applied for a natural gas subsidy allocated by the Ministry and HRK 128 million has been granted. We invite other SMEs (small and medium-sized enterprises) to apply," Ćorić wrote on Twitter. On 1 April, the…

ZAGREB, 15 April (2022) - DIV's financial support to the Brodosplit shipyard due to the problem with the refinancing of loans from the VTB bank and the moves by suppliers are the reasons why DIV's account has been blocked, this metal processing and shipbuilding group told Hina on Friday. It said that the loans from VTB, a bank owned by the Russian state, could not be drawn in full because of sanctions imposed on Russian banks following the Russian military invasion of Ukraine. "That is why the financing of Brodosplit's two largest projects has been halted, and DIV has financially…

ZAGREB, 15 April (2022) - Prices of goods and services for personal consumption, measured by the consumer prices index, in March 2022 were on average 7.3% higher than in the same month of last year, the Croatian statistical office (DZS) said on Friday. That is the highest inflation rate since the summer of 2008. Compared to February 2022, consumer prices were 2.1% higher on average. In Q1 2022, consumer prices were on average 6.4% higher than in Q1 2021. Food prices, which also include prices of non-alcoholic beverages and which account for one quarter of the market basket, have increased by 10.3% year-on-year,…

April the 15th, 2022 - A1 Croatia (A1 Hrvatska) is busy strengthening its presence and position in Eastern Croatia, which is regularly forgotten about in almost every sense and which has experienced by far the worst of the country's demographic crisis. Employment opportunities are being offered in the hopes of keeping hold of the workforce. As Poslovni Dnevnik writes, in order to strengthen its position in Eastern Croatia and show young people that there are companies in which they can develop and work, A1 Croatia has opened 70 new jobs in its Osijek-based call centre. In addition, the wider goal…

April the 15th, 2022 - Nova Hrvatska Banka, or the New Croatian Bank, is set to start operations formally within the wider Hrvatska postanska banka (HPB) group following a long and extensive rehabilitation process. As Poslovni Dnevnik writes, after a record year in which it achieved the best net profit in history in the amount of 202 million kuna, asset growth of 27.9 billion kuna and a capital adequacy ratio of 25.7 percent, Hrvatska postanska banka successfully implemented another demanding project - the rehabilitation of Sberbank d.d., more precisely the future New Croatian Bank d.d. The Council of the Croatian…

April the 15th, 2022 - The India-Croatia Startup Challenge competition is gearing up with partner companies including the likes of Infobip and Koncar in hopes of encouraging more cooperation between startups from these two countries. As Poslovni Dnevnik writes, the Croatian Agency for Small Business, Innovation and Investment (HAMAG-BICRO) and Startup India are organising the India-Croatia Startup Challenge competition in cooperation with partner companies Infobip, Koncar and HexGn, along with the support of the Embassy of the Republic of India in Croatia. After the launch of India-Croatia Startup Bridge, a digital platform designed to strengthen international cooperation, innovation environment and…

April 14, 2022 - MEP Karlo Ressler has visited the city of Osijek, where he was presented with several Osijek-Baranja County projects currently in progress that were financed by European funds. As SiB.hr writes, after a reception in the Osijek-Baranja County, MEP Ressler was accompanied by the prefect Ivan Anušić to visit the construction site of the Economic Centre, which is also financed by European funds "Osijek and the Osijek-Baranja County do not need additional instructions on how to withdraw money from European funds because they do an excellent job", said MEP Karlo Ressler during his stay in Osijek, adding:…