Business

March the 24th, 2022 - The Zagreb BiteMe Nutrition startup has received a very welcome and significant investment amounting to 2.25 million kuna from the Croatian Feelsgood venture capital fund. As Poslovni Dnevnik writes, Feelsgood, the very first Croatian venture capital fund to invest with social impact, has signed an investment agreement with the Zagreb BiteMe Nutrition startup, which specialises in the production of raw energy bioplates and biscuits/cookies made from exclusively organically grown ingredients which are all gluten-free and without any additives or sugars. It is an investment worth a massive 300,000 euros or over 2.25 million kuna that will…

ZAGREB, 22 March 2022 - The Crobex index of the Zagreb Stock Exchange (ZSE) on Tuesday increased by 0.13% to 2,068 points, continuing its rise for the eighth consecutive day, while the Crobex10 fell by 0.14% to 1,241 points, ending its nine-day winning streak. Regular turnover amounted to HRK 7.7 million, or about half a million kuna less than on Monday. The most traded stock was HT telecom, turning over HRK 2.78 million. It ended the day at HRK 189.5 per share, down 0.26%. The Zagrebačka Banka stock generated a turnover of HRK 1.14 million, closing at HRK 71 per…

March the 22nd, 2022 - Bjelovar, known more recently as one of the most forward-thinking, anti-corruption, pro-transparency towns in all of Croatia, is set to explore its further hidden potential with a new project and a generous amount of Norwegian cash. As Poslovni Dnevnik writes, after the Ministry of Regional Development approved the amount of 2 million kuna recently for the preparation of project documentation for a new geothermal well in Veliko Korenovo, even better news arrived for Bjelovar. The continental Croatian town also got the green light for the construction of the well itself. The project, worth a total…

21 March 2022 - Economy and Sustainable Development Minister Tomislav Ćorić said on Monday that he expected fuel prices to go down on Tuesday, with the price of diesel being slightly above HRK 12 and the price of petrol slightly below HRK 12, while the price of blue-dyed diesel would be around HRK 8 per litre. Ćorić, who was taking part in a reforestation drive in Zagreb's Maksimir Park, told reporters that the state could not guarantee that this would be the start of a process of price decline, adding that that would depend on prices on reference markets and further developments in the…

March 21, 2022 - IT company Newfire Global Partners has transferred some of its employees in Ukraine to Croatia, specifically Zagreb and Osijek. The American company, founded in 2016, operates on four continents and in eight countries, has four offices in Ukraine, three in Lviv, and one in Ivano-Frankivsk. Newfire Global Partners also has offices in Zagreb and plans to open them in Split, reports Index.hr. However, due to the crisis in Ukraine, Newfire Global Partners decided to offer employees in Ukraine the possibility of moving to Croatia, where another office is being opened in Osijek due to the war. "We…

March the 21st, 2022 - Russian Fortenova co-ownership will be coming to an end following that country's unjustified invasion of neighbouring Ukraine. The Russian Fortenova co-ownership is otherwise through it's largest commercial bank, Sberbank. As Poslovni Dnevnik writes, Russia's largest commercial bank, Sberbank, will soon cease to be a co-owner of Croatia's Fortenova Group (former Agrokor). Sberbank's 44 percent Russian Fortenova co-ownership stake will apparently be taken over by the Indotek group, backed by American-Hungarian capital, Vecernji list writes. The majority owner of the Indotek group is Daniel Jellinek, who, at least according to Forbes magazine, ranks ninth on the…

March the 21st, 2022 - Have Croatian tourism companies finally begun to engage in a little self-reflection and started learning from their past mistakes following the last two unprecedented years dominated by a global pandemic and now a war in Europe? It seems so, and just in time for Easter. As Novac/Jutarnji/Barbara Ban writes, the currently great uncertainty all over Europe over the war raging in Ukraine has slowed bookings down, but that doesn’t mean the summer season this year will be bad. Moreover, the latest global analyses presented this week at the Berlin Tourism Fair ITB show that the…

March the 20th, 2022 - Pogarcic auto, a Rijeka-based car showroom and service centre, is more than ready to take on Ukrainian workers and provide them with a steady and stable income, as well as a permanent job. As Poslovni Dnevnik writes, Vedran Pogarcic, the owner of Pogarcic auto, says he is more than ready to immediately hire a few professionals needed to work in his centre who were forced into exile by the war troubles in Ukraine. ''Of course, with the help of the competent services that will issue them work permits, I'm willing to offer a good salary…

ZAGREB, 19 March 2022 - Finance Minister Zdravko on Saturday welcomed the affirmation of Croatia's credit rating by the Standard & Poor's credit rating agency. "In the present circumstances, this is very good news. The report is very positively worded," Marić told a press conference. Standard & Poor's on Friday affirmed Croatia's credit rating at 'BBB-/A-3' with a stable outlook, noting that the conflict in Ukraine might affect Croatia through weaker global demand, reduced tourism and inflation. The agency expects the Croatian economy to grow at a stable pace in the next two years despite unfavourable inflation trends and the macroeconomic consequences…

ZAGREB, 19 March 2022 - Prime Minister Andrej Plenković said on Saturday that Standard and Poor's affirmation of Croatia's credit rating at 'BBB-/A-3' was a message of trust in and encouragement to the government to keep preserving the economic stability despite the inflation and the impact of the war in Ukraine. PM Plenković tweeted that the decision of that credit rating agency to affirm Croatia's ratings with stable outlook "is a message of confidence in and encouragement" to the government to continue taking measures conducive to the economic stability and stable growth, thus weathering the inflationary pressures and the consequences of the war.…