Business

ZAGREB, 20 Jan 2022 - The main Zagreb Stock Exchange (ZSE) indices ended their positive run on Thursday, with the Crobex shedding 0.33% to close at 2,205 points and the Crobex10 falling by 0.16% to 1,340 points. The Crobex ended its 19-day winning streak during which it had gained 9% in total, while the Crobex10 had been on the rise for eight consecutive trading days. Turnover at the close of the trading session was HRK 12.86 million, which is 2.9 million higher than on Wednesday. A further HRK 23.26 million was generated by a block transaction with shares of the…

ZAGREB, 20 Jan 2022 - The INA oil company and the Končar electrical, transport, and energy company have signed a contract for the construction of the solar power plants Virje and Sisak, INA reported on Thursday. The Virje solar power plant will be built as part of INA's gas processing facility Molve while the plant in Sisak will be located on INA's industrial premises and is one of the projects to transform the former refinery into a modern industrial center, INA said in a press release. The power plants will be able to produce 16,000 megawatts of electricity a year, which can…

January 20th, 2022 - INA plans to implement contactless pay at their petrol pumps, but the terminals installed in the pilot phase haven’t had a trial run in over a year Croatia’s leading oil company INA has been testing contactless payment at petrol pumps for a year and a half, reports Jutarnji list/Dora Koretić. Petrol pumps at INA’s petrol station in Resnik were fitted with contactless payment terminals in 2020, aiming to limit close contact during the pandemic by allowing customers to pay for fuel without having to enter the store. The terminals were recently removed because the company decided…

ZAGREB, 20 Jan 2022 - The volume of construction work in November 2021 was 4.5% up from the same month of 2020, while compared to October 2021 it was down 1%, preliminary data from the State Bureau of Statistics (DZS) indicate. November 2021 was the 18th consecutive month to see a year-on-year increase in the volume of construction work. The volume of construction work on buildings was up 6.9% compared to November 2020 while the volume of work on other structures was up 1.2%. Compared to October 2021, the volume of work on buildings was 0.4% greater while the volume of work on…

January the 20th, 2022 - Most companies and individuals still haven't taken out Croatian natural disaster insurance despite the devastating events of 2020 which saw both the capital and Sisak-Moslavina County in Central Croatia rocked by strong earthquakes. As Poslovni Dnevnik/Tomislav Pili writes, despite the record amounts of premiums written out last year, the Croatian insurance sector has warned that a large number of residents, companies and the economy are still exposed to uninsured risks, especially those posed by natural disasters. As the Croatian Insurance Bureau (HUO) announced recently, the gross written premium of Croatian insurers last year reached 11.7…

ZAGREB, 19 Jan 2022 - During Question Time in the Croatian Parliament on Wednesday, Minister of the Sea, Transport and Infrastructure Oleg Butković announced a plan to buy six new ships for the Jadrolinija shipping company. "This year we plan to buy six new ships - three passenger ferries and three catamarans - through the National Recovery and Resilience Programme. Construction of those ships will begin this year and continue in 2023. Dubrovnik can expect a new ship," Butković said in response to a question by Mate Frankovića (HDZ) who warned of the obsolescence of the Postira ship which currently connects Dubrovnik with…

January the 19th, 2022 - The Croatian taxi market is set to be regulated by the Constitutional Court following a considerable amount of time spent in turmoil following a law change made back in 2018. As Poslovni Dnevnik/Darko Bicak writes, after the government managed to appease crises in the dynamic Croatian taxi market with the new Road Traffic Act 2018, the market has been relatively calm recently. However, the coronavirus crisis reduced the so-called market ''cake'', and back in 2020, taxi drivers started with the turmoil and protests once again due to certain provisions of this law, and at the…

ZAGREB, 17 Jan 2022 - The main Zagreb Stock Exchange (ZSE) indices continued to rise on Monday, with the Crobex growing for the 17th consecutive day, and as many as five stock crossed the million kuna mark in turnover. The Crobex increased by 0.75% to 2,187 points, reaching its highest level since March 2017, and the Crobex10 rose for the 6th consecutive day, by 0.89% to 1,331 points, reaching its highest level since 2009, when it was introduced. Regular turnover was HRK 14.3 million, or HRK 3.6 million more than on Friday. The highest turnover, of HRK 3.95 million, was…

January the 16th, 2022 - Croatian exports have done well despite the circumstances posed by the ongoing coronavirus pandemic, and exports to neighbouring Slovenia have exceeded pre-pandemic 2019's record by an impressive 25%. As Poslovni Dnevnik/Marija Brnic writes, statistically speaking, ''last year'' isn't quite over yet, but it is already clear that 2021 was a record year in economic relations with Croatia's most important foreign trade partners, in which Italy returned to first place on the list of the main Croatian export markets. Last year will also be recorded as a time when perhaps the strongest shift was achieved in…

ZAGREB, 13 Jan 2022 - Croatia's industrial producer prices increased by 16% in December 2021 compared with the same month in 2020, rising for the tenth month in a row year on year, according to the data from the National Bureau of Statistics (DZS). The rise began in March, when it reached 3.5%, after which it intensified to 5.8% in April, 7.6% in May, 7.2% in June, 7.9% in July, 9.3% in August, 12.1% in September and 16.4% in October. In November it hit a new record high of 16.6%. December's industrial producer prices rose 0.4% compared to November 2021. The growth in industrial producer prices was…