Business

ZAGREB, 15 Feb 2022 - The Telemach Croatia telecommunications company continues investing in mobile and fibre optics network infrastructure in 2022. Its CEO Adrian Ježina says that investment in product development might reach €100 million, stressing the importance of further construction of 5G mobile and fixed-line fibre optics networks across the country. The company has covered the whole of Zagreb with a 5G network. By summer, it plans to replace all existing base stations with new ones and cover all major cities along the Adriatic coast with 5G. After that, it will focus on Slavonia and other regions. Over the next five…

February the 15th, 2022 - Croatian shipyards might have been struggling significantly for the past few years, since long before the global coronavirus pandemic emerged and caused even more issues, but the Viktor Lenac shipyard has its hands full at the moment, mostly with the ''doing up'' of a yacht owned by no less than the Saudi royal family. As Poslovni Dnevnik writes, docking capacities at the Viktor Lenac shipyard have been filled until the month of May, there are now more than 10 ships in that shipyard, and employment is extremely high, the Rijeka-based shipyard revealed. Board member Sandra…

February 15, 2022 - Valamar salaries this year will be closer to wages in leading European destinations, with some increasing by 14 percent. This year, in agreement with the social partners, Valamar is raising salaries for professional occupations in hotels, camps, and resorts to bring income in Croatia closer to the income level in leading European destinations, the company said in a statement on Jutarnji List. In addition to salary increases, several initiatives have been launched to improve working conditions in tourism to adapt Valamar's business to new trends and needs. Salaries for professions, including chefs, waiters, specialist housekeepers, and…

February 14th, 2022 - The power plant on Cres will produce about 8.5 million kWh of electricity per year, enough to supply some 2,500 households The Cres solar power plant, a development worth 41 million kuna situated at the location Orlec-Trinket on Cres island, is to be the largest solar power plant in the country. That is, if construction ever kicks off. The foundation stone was laid almost two years ago, and so far, next to nothing has been done, reports Novi list/Marinko Glavan. Solar panels for the entire power plant have been manufactured, and all that remains is to…

February the 14th, 2022 - All of the Zagreb Airport ground handling services have been taken over by a Turkish company. The move happened on the 10th of this month. As Poslovni Dnevnik writes, back on February the 10th this year, a Turkish company (Havas) specialising in ground handling services became the owner of MZLZ Zemaljske usluge d.o.o., a company that has so far performed all tasks related to the reception and departure of passengers, cargo and aircraft at Zagreb International Airport. This made Zagreb's Dr. Franjo Tudjman International Airport the 31st airport at which Havas provides ground handling services. In…

February 13, 2022 - HAC (Croatian Highways) is looking for a team of three people to work as security guards and monitor Krk bridge for one year, and plans to pay a total of 850,000 kuna and provide all the necessary amenities. The job lasts 365 days a year, 24 hours a day, of course, not for the same person, but for several of them, whose mission it is to keep safe the connection between the mainland and Croatia's largest island. Croatian Motorways (HAC) are looking for security guards who will monitor Krk bridge and make sure everything is in order…

February the 13th, 2022 - The yet-to-be-opened Kukuljanovo logistics centre near the City of Rijeka on the Northern Adriatic is the result of yet more investments made by Croatian post (Hrvatska posta), of which there have been several lately. As Poslovni Dnevnik/Darko Bicak writes, after spending the cash of an an investment cycle totalling almost one billion kuna over the last five years, most of which went to building new and modernising existing logistics capacities, Croatian Post (HP) is about to open the new Kukuljanovo logistics centre (LC) in the Kukuljanovo industrial zone near Rijeka. The facility is worth 60…

ZAGREB, 11 Feb 2022 - The main Zagreb Stock Exchange indices dipped on Friday after several days of growth, the Crobex by 0.03% to 2,164 points and the Crobex10 by 0.05% to 1,318 points. Regular turnover was HRK 7.9 million, about 300,000 less than on Thursday. The most traded stock was Atlantska Plovidba shipping company, turning over HRK 1.95 million. It closed at HRK 463 per share, down 0.91%. Another two stocks crossed the million kuna mark: Sunce Hotels, turning over HRK 1.25 million and closing at HRK 145 (+3.57%), and HT telecom, which turned over HRK 1 million, closing…

ZAGREB, 10 Feb 2022 - PEARL Infrastructure Capital, a French investment fund specialised in financing environmental infrastructure projects, has to date invested more than €50 million in biomass co-generation plants in Croatia, it was said at a presentation of its projects in Virovitica on Thursday. The three plants, located in eastern Croatia, generate 18 megawatt of electricity per hour from biomass. These are the Energy 9 plant in Slatina, A&A Bioenergy Viro in Virovitica, and Uni Viridas in Babina Greda. The Pearl Infrastructure Capital Deputy General Manager, Guillaume de Forceville, said that within one year, the fund had made considerable investments in co-generation. "We have arrived in Croatia due to…

ZAGREB, 10 Feb 2022 - The main Zagreb Stock Exchange indices went up on Thursday, the Crobex by 0.12% to 2,165 points, up for the fifth straight trading day, and the Crobex10 by 0.34% to 1,319 points, up for the third straight day. Regular turnover was HRK 8.2 million, a million more than on Wednesday. The most traded stock was Atlantska Plovidba, turning over HRK 1.58 million. It closed at HRK 440 per share, down 0.68%. Two other stocks crossed the million kuna mark. Končar turned over HRK 1.4 million, closing at HRK 945 (+0.53%), and Saponia turned over HRK 1.09 million,…