Business

December 30, 2021 - According to the latest information from the Ministry of Tourism and Sports, 300 tourist board directors in Croatia will be replaced immediately after the New Year. Namely, on January 1, 2022, the provision of the article of the new Law on Tourist Boards and the Promotion of Croatian Tourism, which was adopted in 2020, enters into force, reports Index.hr. As Index.hr learns, the current tourist board directors will not be fired; they do not lose their jobs, but they will have to find a new job within the tourist board if they have an indefinite contract. In…

ZAGREB, 29 December, 2021 - The Adris Group plans to to invest HRK 3.2 billion by 2024, of which 80% or HRK 2.5 billion in the tourism sector, the tourism and insurance group's Director of Corporate Communications, Predrag Grubić, told Hina on Wednesday. Adris will thus invest over HRK 800 million per year in tourism, said Grubić, adding that they were planning to invest in the renovation of Zagreb hotels (the renovation of Panorama is already under way, and Westin is next), as well as in the renovation of Hotel Marjan in Split. The largest part of the investment will be related to these…

December the 29th, 2021 - Ryanair's arrival at Zagreb Airport was absolutely fantastic for the vast majority of people who had become sick of relying on Croatia Airlines and their notoriously expensive ticket prices for the most basic of economy flights. With the arrival of this much loved Irish low cost airline, cities across Europe have been opened up for very little money for those of us living in the Croatian capital. It wasn't all roses and bells for some, however, and an investigation into whether Ryanair was given a ''privileged position'' at Zagreb Airport was launched. As Poslovni Dnevnik/Marija…

ZAGREB, 28 December, 2021 - An agreement on designing and building a wastewater processing plant worth HRK 522.6 million (€69.68 million) was signed in Rijeka on Tuesday by the local utility company "Vodovod i kanalizacija", as the contracting entity, and a Chinese consortium as the contractor. The Chinese consortium, comprising China Energy Engineering Group Jiangsu Power Design Institute and Sumec Complete Equipment and Engineering, has 1,520 days to complete the project, including the demolition of the existing wastewater treatment plant. The new wastewater processing facility will be located at Delta, close to the existing facility, on the right bank of the…

December the 28th, 2021 - The Croatian company Saponia, which is headquartered in the Eastern Croatian city of Osijek is on its way down a new digital path, aided by no less than the Vodnjan-based giant Infobip. As Poslovni Dnevnik/Lucija Spiljak writes, Osijek's Saponia will additionally focus its business on digitalisation and ongoing digital transformation, through a programmable communication platform that it will "build" in cooperation with the impressive Infobip, the first Croatian unicorn, as was reported on the official website of the Zagreb Stock Exchange where a letter of intent was also published. Their collaboration includes multi-channel communication access…

December 21, 2021 - As a solidarity effort towards the town that was hit hard by an earthquake almost a year ago, Telemach donates 100,000 kuna to a Petrinja kindergarten. The donation will be aimed at equipping the expanded accommodation capacities within its extended part and creating conditions for quality educational work. In anticipation of the holidays, Telemach continues to help earthquake-stricken Petrinja with the intention of contributing to creating conditions for its youngest residents, reports Net.hr. Although the Petrinjčica Kindergarten suffered significant damage in the earthquake, it was successfully repaired with the help of donors by the beginning of the current pedagogical…

ZAGREB, 20 Dec 2021 - The main Zagreb Stock Exchange (ZSE) indices slid on Monday, the Crobex by 0.28% to 2029.41 points and the Crobex10 by 0.37% to 1,242.99 points. Regular turnover was HRK 6.4 million, about one million less than on Friday. The highest turnover, of HRK 1.35 million, was generated by the stock of the HT telecommunications company. Its price went up by 0.54% to HRK 184.50 per share. No other stock passed the turnover mark of one million kuna. A total of 40 stocks were traded today, with 13 of them registering price increases, 15 recording price…

ZAGREB, 20 Dec  2021 - The average rental rate of arable land in Croatia in 2020 amounted to HRK 793 (€106) per hectare, which is HRK 26 (€3.5) more than in 2019, the Croatian Bureau of Statistics (DZS) reported on Monday. The statistics indicate that in 2020 the average grassland rent was HRK 525 per hectare or HRK 13 more year-on-year whereas pastures increased by HRK 12 to HRK 343 per hectare. In Pannonian Croatia, the average rent of arable land in 2020 was HRK 811 per hectare, of meadows HRK 487 per hectare, and of pastures HRK 307 per hectare. The average rent of arable…

December the 20th, 2021 - Fortenova CEO Fabris Perusko has spoken out about what this gigantic Croatian company of strategic importance's plans are for the year 2022, including investments and more. As Poslovni Dnevnik/Fabris Perusko writes, back in 2020, we learned how to work and live within the circumstances of the coronavirus pandemic, in 2021, unfortunately, we were shown that such needs weren't going to be solely limited to 2020. The continuation of the global pandemic, shocks in supply chains, demand, rising energy and raw material prices, the growing threat of climate change and demands for the global adoption of…

December the 20th, 2021 - The Dalmatian Sunce hotels brand are planning to invest an enormous amount of money in the general ''do up'' of their many facilities in the hope of 2022 being the year in which tourism and travel return to pre-pandemic norms. As Jozo Vrdoljak/Novac/Jutarnji list writes, Sunce hotels informed the Zagreb Stock Exchange that their supervisory board has approved investments for further raising the quality and services in the company's facilities for the year 2022 in the large amount of 44.2 million euros. The largest amount, as much as 13.6 million euros, is planned to be…