Business
Sunday, 19 December 2021
Croatian Hoteliers Seek NYE Concessions Amid Pandemic Rules
December the 19th, 2021 - Croatian hoteliers are seeking concessions from the National Civil Protection Directorate as epidemiological rules remain in place, limiting their time of operations to midnight on the clock. They're after ''wedding rules'' in which they can remain in operation until 02:00. As Poslovni Dnevnik/Marija Crnjak writes, unlike back on New Year's Eve 2021, in which celebrating was practically banned for Croatian hoteliers and others in the catering and hospitality sector due to then then very strict epidemiological measures, a welcome to 2022 is on the cards for many Croatian hoteliers, with great interest shown so far…
Saturday, 18 December 2021
Adria Business Network #19 Hosts Balkan TikTok Sensation Dario Marčac
December 18, 2021 - Adria Business Network #19 hosted TikTok sensation with half a million followers Dario Marčac at the third and last ABN in 2021. Dario Marčac is in the Top 10 Balkan TikTokers and is one of the organizers of the first TikTok meet-up in Croatia. The event was organized by entrepreneurs Željka Barišić, owner of Forca Digital Agency (www.forcadigitalagency.com), and Lea Kosović, owner of LOL Event Management (www.lol.hr) at Aspira College, which is a partner of the event. The goal of the event is business networking in Croatia and the region, creating business opportunities and encouraging continuous education.…
Saturday, 18 December 2021
Croatian Carwiz Rent-A-Car Sponsors Football Club Istra 1961
December 18, 2021 - Croatian Carwiz rent-a-car opened a new branch office in Pula to expand its business and open a new market. On this occasion, Carwiz rent-a-car became a proud sponsor of Croatian First League football club Istra 1961 this season, which lasts until May 21, 2022, reports HRTurizam. "Because we recognized the football club NK Istra 1961 as our future strategic partner for development and positive business, we decided that sponsoring NK Istra is the basis for business relations between Pula, Istria, and Carwiz," said Carwiz. Since Carwiz operates throughout Croatia, including Istria, this cooperation is a logical…
Saturday, 18 December 2021
Mate Rimac and Fabris Perusko Awarded for Economic Contributions
December the 18th, 2021 - Mate Rimac and Fabris Perusko have both been awarded for their massive contributions to the Croatian economy recently. Rimac is known for his role as the main man of Rimac Automobili and Fabris Perusko has headed Fortenova (formerly Agrokor) for a while now, bringing the massive company back from the brink. As Poslovni Dnevnik/Stela Lechpammer/VL writes, for the first time back in 2017, then again in pre-pandemic 2019 and once again now in 2021, Mate Rimac was named Businessman of the Year for the third time by the expert jury in the prestigious selection "Businessman and…
Saturday, 18 December 2021
Kaufland Opens 43rd Croatian Store in City of Zagreb
December the 18th, 2021 - Kaufland has opened its 43rd store in the Republic of Croatia in the City of Zagreb, and its convenient location will likely delight many of the capital's residents. As Poslovni Dnevnik writes, the newly opened Kaufland store in Zagreb is located at the intersection of Donje Svetice and Planinska, and the building spreads over three floors: on the ground floor there are 136 enclosed parking spaces for customers, on the first floor there is a sales area, and on the second floor there are parking spaces for employees of the Kaufland headquarters located right across from…
Saturday, 18 December 2021
Zagreb Computer Association Receives Donation from Ingemark IT Company
December the 18th, 2021 - The Zagreb Computer Association has received a valuable donation from the Ingemark IT company in the form of a VIDI X, which will definitely be put to good use. As Poslovni Dnevnik/Lucija Spiljak writes, the Zagreb Computer Association (ZRS) received a modern VIDI X as part of the "Dream and Realise" initiative, thanks to a donation from the Zagreb-based IT company Ingemark. VIDI X is the first Croatian development microcomputer designed by the VIDI company in cooperation with engineers from various top quality Croatian technology companies in order to make it easier for teachers and…
Friday, 17 December 2021
Bankers Forecast Croatia's Growth at 9.5% in 2021 and 4.6% in 2022
ZAGREB, 17 Dec 2021 - The Croatian economy is expected to grow at a rate of 9.5% in 2021 and 4.6% in 2022, the Croatian Banking Association (HUB) said on Friday, citing projections by the four largest banks in Croatia. HUB once again revised the Croatian GDP growth rate upward from July's estimate of 5.3%. The national economy is expected to grow at a rate of 9.5% this year, with economists' projections ranging between 9.2% and 9.7%, HUB said in its latest outlook. "That isn't surprising considering the developments and data released since July. Croatia is firmly positioned in the group of…
Friday, 17 December 2021
Croatia's Annual Inflation Rate Reaches 4.8% in Nov., Highest since Feb. 2013
ZAGREB, 17 Dec 2021 - Prices of consumer goods and services in Croatia, as measured by the consumer price index, increased by 4.8% in November 2021 compared with November 2020, their highest rise since February 2013, the National Bureau of Statistics (DZS) said on Friday. Compared with October 2021, consumer prices rose by 0.7%. The highest year-on-year price increase was observed in transport, of 12.9%. It was largely generated by fuel price increases, of 26.6% on an annual level, reflecting increases in global prices of crude oil. All other categories also recorded annual price increases. Prices of food rose by 6.0% and those…
Friday, 17 December 2021
State Provides Croatian Jadrolinija Ferry Company With Cash Injection
December the 17th, 2021 - The state has provided the Croatian Jadrolinija ferry company with a very handsome cash injection of 52 million kuna in order to try to get its severely hit liquidity and profitability back up given that the company has also fallen victim to the pandemic. As Poslovni Dnevnik/Suzana Varosanec writes, another victim of the global coronavirus pandemic has been the liquidity and stable business of the Croatian Jadrolinija ferry company, which the government saved with a recently made decision. It intervened with approved state aid of a massive 52 million kuna for the maritime company's uncovered…
Thursday, 16 December 2021
ZSE Main Indices Up By Over 0.5%
ZAGREB, 16 Dec 2021 - The main Zagreb Stock Exchange indices increased on Thursday, the Crobex by 0.68% to 2,034 points and the Crobex10 by 0.73% to 1,246 points. Regular turnover was HRK 7.4 million, almost half of yesterday's. The most traded stock was Podravka, turning over HRK 1.66 million. It closed at HRK 636 per share, up 0.95%. Forty stocks traded today, with 13 gainings and 11 losing in price, while 16 were stable. (€1 = HRK 7.519809) For more, make sure to check out our dedicated business section.
Thursday, 16 December 2021
Končar Group's Sales Revenues to Hit All Time High of €470m in 2021
ZAGREB, 16 Dec (Hina) - The Končar Group, specializing in the production of electrical equipment and installations, is set to reach a record high revenue from sales in 2021, of HRK 3.5 billion (€466 million), and it plans to raise those revenues to HRK 3.78 billion (€504m) in 2022, according to the group's business plan. "KONČAR Group is expected to end the business year 2021 with the historically highest revenue from sales in the amount exceeding HRK 3.5 billion. In 2022, the revenue from sale of products and services is expected to be HRK 3.78 billion. A further 5.4 percent growth in export revenue is…
