Business

February the 23rd, 2022 - The Croatian Chamber of Commerce (HGK) is seeking aid for large Croatian companies as well as for micro, small and medium enterprises as the energy crisis continues. As Poslovni Dnevnik/Marija Brnic writes, the state of emergency for the Croatian Government will likely leave even less room for negotiations on the possible "inclusion" of large Croatian companies in the package of assistance measures which entrepreneurs are seeking through the Croatian Chamber of Commerce (HGK) even after its presentation last week. There is a little more than a month left until the start of the implementation of…

ZAGREB, 22 Feb 2022 - Finance Minister Zdravko Marić said on Tuesday, after a meeting on base pay with the unions of government and public service employees, that a new meeting had been arranged for next week, but would not speculate if a final agreement would be reached then. Two meetings were held at the Labour Ministry today between negotiating teams of the government and the unions on the signing of a basic collective agreement for public service employees and a collective agreement for government employees. Asked by the press about the possibility of progress in the negotiations, Marić said the government…

ZAGREB, 22 Feb 2022 - The main Zagreb Stock Exchange (ZSE) indices fell sharply on Tuesday, by more than one percent, amid increased turnover, following the trends on European stock markets, which were deep in the red most of the day due to growing tensions between the West and Russia over Ukraine. The Crobex dropped by 1.23% to 2,099 points, and the Crobex10 sank by 1.37% to 1,275 points. All sectoral indices fell, with the industry index decreasing the most, by 3.65%. Regular turnover amounted to HRK 9.5 million, about HRK 4.2 million more than on Monday. Another HRK 9.3…

ZAGREB, 22 Feb 2022 - HRK 5.5 billion is expected to be invested in the development of a competitive and energy efficient transport system in Croatia by 2027, and 40 per cent of it will go towards railways modernisation, a panel said on Tuesday. An additional HRK 900 million has been secured for investment in broadband internet coverage for all sectors that are key for recovery and resilience, Dario Soldo, director of the Construction and Transport Division at the Croatian Chamber of Commerce (HGK), said at the panel on the use of funding from the National Recovery and Resilience Plan and the…

ZAGREB, 22 Feb 2022 - Croatian businesses will have a wide range of opportunities in the new financing period, Minister for Regional Development and EU Funds Nataša Tramišak said on Tuesday while presenting the new Multiannual Financial Framework under which Croatia will have access to €14.4 billion. Tramišak attended a business breakfast hosted by the American Chamber of Commerce in Croatia, which focused on the opportunities of the business community to use funds from the Multiannual Financial Framework (MFF) 2021-2027. She said that of the €14.4 billion made available to Croatia under the MFF, about €9 billion concerns cohesion policy which…

ZAGREB, 22 Feb 2022 - Croatia's finance ministry on Tuesday issued HRK 800 million in treasury bills which mature in one year at the low interest rate is 0.01 per cent. In advance of the maturity of treasury bills worth a billion kuna, the Ministry offered HRK 700 million for subscription. Financial institutions submitted bids totalling HRK 803 million and the Ministry accepted them all. The balance of subscribed kuna treasury bills has now decreased by HRK 197 million to HRK 13.6 billion. The next auction of treasury bills will be held on 1 March, said the ministry. (€1 = HRK 7.532838)

February the 22nd, 2022 - The wildly successful Bellabeat company is opening some new offices across several new countries as even more expansion is being eyed. As Poslovni Dnevnik/Lucija Spiljak writes, the Bellabeat company, a leading wellness company that produces smart women’s jewellery, currently employs about 200 people in offices located all around the world. They're also busy with planning further expansion, and have opened new offices in Singapore, Lisbon, Copenhagen and Brazil to hire sales, engineering and design professionals. Their team was joined by Edwin Veenman and Daniel Lorenz. The Bellabeat company has been around since back in 2014…

February the 22nd, 2022 - The very well known Zagreb IT company Q is vusy expanding its business by opening an office in the Serbian capital city of Belgrade. As Poslovni Dnevnik writes, this year, the Zagreb IT company Q has ambitious plans to employ 40-50 people who will work on global projects from neighbouring Serbia. After London and Zagreb, Belgrade is the third European city in which Q will expand its already impressive team of experts. Their new Belgrade office will build on the one already open here in Zagreb, and the two facilities will work together on projects. Just…

ZAGREB, 21 Feb (Hina) - The main Zagreb Stock Exchange (ZSE) indices went up slightly on Monday, with the Crobex increasing by 0.21% to 2,125 points and the Crobex10 by 0.34% to 1,293 points. Regular turnover amounted  to HRK 5.3 million, which was about HRK 1.3 million less than on Friday. No stock crossed the million kuna mark in turnover. The most traded stock was that of the Valamar Riviera hotel company, which turned over HRK 801,000 and closed at HRK 33.9 per share, down 0.29%. The Petrokemija fertiliser company said that due to a lack of quorum, the General Meeting…

21 February, 2022 - Zagrebacka Banka (Zaba) generated a profit after tax of HRK 2.01 billion in 2021, up HRK 1.27 billion or 173.2 percent compared to 2020, according to the bank's financial statement released on Monday. At the same time, the bank's operating income amounted to HRK 4.41 billion, which is an increase of HRK 792 million or 21.9% on the year. Furthermore, the bank's unconsolidated and unaudited financial report notes that operating expenses amounted to HRK 1.57 billion, down HRK 17 million on the year, with cost-to-income ratio amounting to 35.7%. Deposits by clients, which constitute a primary source of financing, amounted to HRK 107.23…