Business

Sunday, 3 April 2022

HNB and HUB: No Risks to Stability of Financial System Observed

ZAGREB, 3 April (Hina) - No risks to the stability of the financial system have been observed so far, given the high capitalisation of the banking system and relatively low household indebtedness, the Croatian National Bank (HNB) and the Croatian Banking Association (HUB) say. The HNB has raised the countercyclical capital buffer (CCyB) rate from 0 to 0.5% due to the continued accumulation of cyclical systemic risks amid economic recovery following the crisis caused by the pandemic, the growth in the prices of residential real estate and the pickup in lending activity. The new rate is to be applied as of 31…
Sunday, 3 April 2022

Public Sector Unions Reject Government's Offer of 2% Increase in Base Pay

ZAGREB, 3 April 2022 - The executive authorities of all 11 public sector unions have rejected the government's offer of a 2% increase in base pay and demanded a 4% increase, giving the unions the green light for a strike. "Industrial action will depend on the outcome of the next meeting between government and union negotiators, expected to be held next week", the secretary general of the Matica Association of Croatian Trade Unions, Mirela Bojić, said in a statement on Sunday. The decision has been unanimously made by the negotiating committee on a basic collective agreement for public sector workers after the…
Sunday, 3 April 2022

BAIF Project Allows Croatian Teams Ability to Present Projects to Investors

April the 3rd, 2022 - A total of 102 teams from all parts of Croatia (Zagreb, Krapina, Rijeka, Osijek, and Split) went through the BAIF project's investment readiness programme. As Poslovni Dnevnik writes, these Croatian teams have as such completed the very first phase of the BAIF project with the ultimate goal of developing an alternative capital market aimed at investing in entrepreneurs and enterprises which are just getting off the ground and which carry with them the possibility of generating social impact. The ambassadors of investments in projects with a positive social impact These are all entrepreneurial ideas that…
Saturday, 2 April 2022

Tegeltija: Why Would Trebinje Airport Be a Problem to Dubrovnik?

ZAGREB, 2 April 2022 - The Chairman of Bosnia and Herzegovina's Council of Ministers, Zoran Tegeltija, said on Saturday it was not clear to him why anyone in Dubrovnik and Croatia would be against the construction of an airport at Trebinje, noting that everyone would benefit from the project. Tegeltija confirmed to the local media that he had received a letter from Dubrovnik Mayor Mate Franković requesting that all preparations for the construction of the Trebinje airport be suspended until the possible impact of the project on the environment, including the River Ombla, was assessed. In his letter, Franković reminded…
Saturday, 2 April 2022

Dubrovnik Mayor Asks Bosnia Government to Halt Construction of Trebinje Airport

ZAGREB, 2 April 2022 - Dubrovnik Mayor Mato Franković has sent a request to Bosnia and Herzegovina's Council of Ministers to halt the construction of the airport in the town of Trebinje, southern Bosnia and Herzegovina, until the impact of the project on the source of the River Ombla is assessed. The road distance between Dubrovnik and Trebinje is roughly 30 kilometres. The mayor sent the request to the chairman of the Bosnia and Herzegovina's ministerial council, Zoran Tegeltija, on Friday following the adoption of a memorandum by Bosnia's Council of Ministers and the government of Serbia on the future…
Friday, 1 April 2022

23rd International Bjelovar Spring Fair Opens

ZAGREB, 1 April (2022) - The 23rd International Bjelovar Spring Fair opened in Gudovac on Friday, with more than 400 exhibitors from a dozen countries showcasing their agricultural products and services. The Spring Fair, which is open until Sunday, also includes the 17th Beekeeping Fair, the Horticulture Equipment Fair and the Construction and Utility Equipment Fair. Gudovac is located near Bjelovar, about 80 kilometres northeast of Zagreb. The show was opened by Parliament Speaker Gordan Jandroković, who noted that in the past few years Croatia had been exposed to challenges it could have no influence on, such as natural disasters, the COVID-19…
Friday, 1 April 2022

Property Owners Can Now Create a Ukraine Refugee Rate Through Booking.com

April 1, 2022 - As a support measure for those who have fled Ukraine due to the Russian invasion, Booking.com has enabled the Ukraine Refugee Rate, a special rate that allows its partners to offer accommodations for free or at a significantly lower price to Ukrainian refugees. The Russian invasion of Ukraine, which began on February 24 this year, has forced more than 4 million Ukrainian citizens to leave their homes and cross borders to seek asylum in neighboring countries. The majority of refugees are women and children, who have found a very warm reception at the borders of countries like…
Friday, 1 April 2022

Cinemas See 70% Drop in Number of Visitors in 2020

ZAGREB, 1 April (2022) - The national statistical office has released data on cinematography in 2020, which confirm that cinemas and films were the part of the culture and art sector most affected by the coronavirus pandemic in the first year of the pandemic. Compared to 2019, the number of screenings in 2020 was down by 48% and the number of visitors by 70%. Due to the closing down of all cultural and educational institutions, as many as 51% of cinematographers worked from seven to ten months in 2020. The number of screenings and visitors dropped significantly in all counties, except…
Friday, 1 April 2022

Economy Minister Believes 2022 Will Be Year of Further Growth

ZAGREB, 1 April (2022) - Economy and Sustainable Development Minister Tomislav Ćorić said on Friday he believed the year 2022 would see a further growth of the national economy. "I believe that the Croatian economy will show in 2022, just as it did in 2021, the kind of resilience that opened the door to convergence towards the EU average," Ćorić said at a meeting of exporters, organised by Lider business weekly. Recalling Croatia's growth rate of more than 10% in 2021, the minister said that this year could be like that as well. "That is our goal and I believe that with…
Friday, 1 April 2022

Croatian Infobip Teams Up With Giant German Operator Vodafone

April the 1st, 2022 - The quite remarkable Vodnjan-based company Infobip has come on leaps and bounds since its creation, making a name for itself on a global scale. The Croatian Infobip company now has a new impressive move under its belt, in the form of a partnership with the German giant, Vodafone. As Poslovni Dnevnik writes, the impressive Croatian Infobip company has announced a partnership with one of the largest mobile network operators in Germany, Vodafone, to provide mobile security for potentially 62 million smartphone users across the country. Vodafone has been well known for a great many years…
Friday, 1 April 2022

Belgian DW Reusables Takes Over Zagorje Company Strazaplastika

April the 1st, 2022 - The Belgian company DW Reusables has taken over the Zagorje company Strazaplastika in a move that will see it expand further across Croatia. As Poslovni Dnevnik/Jadranka Dozan writes, DW Reusables, one of the leading companies for the production of reusable packaging, specialising in tailor-made solutions that require the development of molds, has officially confirmed that it has successfully completed the acquisition of the Zagorje company Strazaplastika. This large Belgian-based company will as such expand its business operations across the Republic of Croatia; it already owns the former Kaplast, and in addition to Belgium and Croatia,…
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