Business

March the 28th, 2022 - After completing the takeover of the Kutina-based company Lonia, the retail giant Studenac will have as many as 1,050 stores across the country and will be by far the largest chain in all of the Republic of Croatia. As Poslovni Dnevnik writes, the Omis-based company Studenac is currently owned by the Polish investment giant Enterprise investors, and in the meantime it purchased the bakery chain Pan Pek and Zadar's Sonik market, Porec's Istrian supermarkets, Biograd's Bura chain, and recently Dubrovnik's very well known Pemo brand. By that point, this large company had reached the impressive number…

ZAGREB, 27 March 2022 - A national study on non-financial reporting for 2019 and 2020, which covered nearly 100 companies, has revealed the progress of companies in including sustainable development goals in their goals. According to the study, 46% of companies said their business was connected with sustainable development goals, compared to 18% with similar claims in 2017 and 2018. It also showed that the number of companies required to submit non-financial reports had increased from 67 in 2017, to 76 in 2020, with the number of voluntarily published non-financial reports increasing by 23%. In 2019/2020, there was also a considerable…

March the 27th, 2022 - The first and as such very well known Croatian KupiMe platform (BuyMe), is planning to further expand across the immediate region and further explore its own potential. As Poslovni Dnevnik writes, the Croatian KupiMe platform, known for being the first of its kind in this country intended primarily for group shopping and coupon sales, has recently invested significant funds in business expansion and the development of specialised software for online shopping (e-commerce). With this, the Croatian KupiMe platform decided to use its many years of experience in the coupon sales segment to expand its business…

ZAGREB, 25 March (2022) - The war in Ukraine will certainly lead to an economic slowdown in Croatia this year and push up inflation, largely due to increases in energy and cereal prices, Croatian National Bank (HNB) Governor Boris Vujčić said on Friday. "The direct impact on our economy comes from the spillover of economic effects of the war in Ukraine. At this moment we do not have direct consequences of the war, but we can quite certainly expect that the war in Ukraine will slow our GDP growth this year and increase inflation, primarily because of increased prices of…

March the 25th, 2022 - The Poles are continuing with the construction of the third Zagreb Matrix Office Park building as part of this wildly successful project here in the capital. As Poslovni Dnevnik/Marija Crnjak writes, following the success of the first two buildings in the Zagreb Matrix Office Park, the Polish developer GTC will build a third building, thus expanding its successful project in the heart of the city. According to the company, which is also owned by Zagreb's Avenue Mall shopping centre, the third Matrix C building has received a building permit and, like the previous two, will provide…

March the 25th, 2022 - The Croatian Infinum company, a leader when it comes to software design and development, has presented its brand new visual identity and plans for further development. As Poslovni Dnevnik writes, the leading Croatian software design and development company, Infinum, is currently entering a new phase of business after seventeen extremely successful years, which is marked by reorganisation, a brand new visual identity and plans for further development, as well as changes in the company's management. "Over the last few years, the Croatian Infinum company has been developing steadily and we could say that it has ''grown…

ZAGREB, 25 March (2022) - So far, 139 Ukrainian refugee children have resumed schooling in Croatia, and of them, 124 are integrated in primary schools and 15 in secondary schools. In order to facilitate their integration in schools, Ukrainian school-age refugees are provided with additional classes to learn the Croatian language. Broken down by county, the highest number of Ukrainian refugee children who are already back to school is in Split-Dalmatia where 22 are integrated in primary schools. There are 15 Ukrainian children in primary schools in the City of Zagreb and Požega-Slavonia County each. Also, 13 Ukrainian kids have resumed schooling in primary schools…

ZAGREB, 24 March 2022 - The main Zagreb Stock Exchange (ZSE) indices went down on Thursday amid modest turnover, with the Crobex dropping by 0.43% to 2,053 points and the Crobex10 falling by 0.22% to 1,235 points. Regular turnover was a mere HRK 4.7 million, or HRK 3 million less than on Wednesday. The highest turnover, of HRK 660,000, was generated by the stock of the plastic car parts manufacturer AD Plastik. Its price decreased by 1.22% to HRK 97.2 per share. Thirty stocks traded on the ZSE today, with eight gainings and 15 losing in price, while seven were…

ZAGREB, 24 March 2022 - Banks have started with preparations or have already introduced technical solutions to secure access to the basic payments account for refugees from Ukraine, the Croatian Banking Association (HUB) has said, noting that according to available information, the number of such requests is not big. The Croatian National Bank (HNB) on Monday informed banks based in Croatia that it expected them to provide free access to a basic payments account, including ten free-of-charge national and international transactions in kuna and euros, for refugees from Ukraine legally staying in Croatia. The HNB said that one of the most severe consequences…

24th March 2022 – An overview of the Croatian foreign trade of goods with Russia and Ukraine in relation to the Russian invasion of Ukraine and the imposed economic sanctions on Russia. It has been exactly one month since Russia has invaded Ukraine. Nobody knows how much more the war is going to last and we can only hope it will end soon. This is certainly one of the biggest humanitarian crises the European continent has seen in a long time. The West reacted rather promptly to the Russian invasion by imposing severe economic sanctions on the Russian Federation in…