Business

Thursday, 16 December 2021

Contract Signed for Project Documentation for Vertical Quay in Vukovar Port

ZAGREB, 16 December, 2021 - A contract was signed on Wednesday between the Vukovar Port Authority and the IGH Institute for making project documentation for a vertical waterfront at the Vukovar Port worth €1.67 million. The project is being co-financed with EU grants, which account for 85% of the funding, while the remainder will come from the state budget. The project should be completed by 31 March 2024. "When the project is completed, we will have 300 metres of a new vertical waterfront at the Vukovar port. To date, we have signed a contract for project management and today we have signed…
Tuesday, 14 December 2021

ZSE Indices Slightly Up, Liquidity Down

ZAGREB, 14 Dec 2021 - The Zagreb Stock Exchange (ZSE) on Tuesday went up slightly amid lower liquidity, with four stocks generating a turnover of more than one million kunas each. The Crobex went up by 0.25% to 2,021.15 points while the Crobex10 rose by 0.41% to 1,237.02 points. Regular trading amounted to HRK 8.6 million, 2.9 million less than on Monday. The stock of the HT telecommunications company turned over HRK 1.77 million, with its price going up 0.27% to HRK 183.50. The Podravka food company stock generated a turnover of HRK 1.55 million, with its price going up by 0.64% to…
Tuesday, 14 December 2021

Average Net Wage in Zagreb Higher by €147 than Croatia's Average

ZAGREB, 13 Dec 2021 - The average net monthly salary in Zagreb for September 2021 was HRK 8,205 (€1,095), up 5.5% on the year, the city said on Monday. The average net monthly salary in Croatia for September 2021 was HRK 7,108 and amounted to 87% of the average take-home pay in the capital city for that month. In Zagreb, the highest average net monthly salary was paid in crude oil and natural gas extraction, in the amount of HRK 13,465, while the lowest was in the manufacture of leather and similar products (HRK 4,524). The average gross monthly salary in Zagreb for September 2021…
Tuesday, 14 December 2021

This December Croats Likely to Spend €400m More Y-o-Y

ZAGREB, 14 Dec 2021 - Judging by citizens' spending in the first half of this month, weeks of record-high spending are ahead in Croatia. In the past two weeks, fiscal cash registers recorded a turnover of almost HRK 7.4 billion (€1 billion). Since the bulk of consumer consumption is concentrated in the second half of December, one can expect an additional HRK 12 billion in turnover, Večernji List daily said on Tuesday. Last year's extra holiday consumption was about HRK 1 billion, with fiscal receipts totaling HRK 15.8 billion. According to the Tax Administration, last week Croatians spent 20% more on average than…
Tuesday, 14 December 2021

Valamar Scholarship Programme Attracts 200 Registrations in 2021

December the 14th, 2021 - The Valamar scholarship programme for students has been continuing throughout 2021. As the largest individual scholarship holder in Croatia, Valamar Riviera has been offering numerous opportunities for scholarships, internships and first jobs this year as well. As Poslovni Dnevnik/Marta Duic writes, the giant Croatian hotel company Valamar Riviera is offers students of tourism and hospitality the chance to get into the profession as chefs, waiters, pastry chefs and tourism and hotel commercialism in a scholarship programme worth 2,000 kuna per month during the school year for a period of ten months. The Valamar scholarship programme is…
Monday, 13 December 2021

ZSE Main Indices Dip but Liquidity Up

ZAGREB, 13 Dec 2021 - The main Zagreb Stock Exchange indices decreased on Monday, the Crobex by 0.02% to 2,016 points and the Crobex10 by 0.11% to 1,232 points. Regular turnover was HRK 11.5 million, 4.3 million higher than last Friday. The most traded stock was the HT telecom, turning over HRK 3.11 million. It closed at HRK 183 per share, down 0.27%. Forty-four stocks traded today, with 16 gainings and 14 losing in price, while 14 were stable. (€1 = HRK 7.524022) For more, check out our dedicated business section.
Sunday, 12 December 2021

Denis Jasarevic: Pandemic Highlighted Importance of Croatian IT Sector

December the 12th, 2021 - Denis Jasarevic of the successful Croatian IN2 Group has stated how the global coronavirus pandemic which saw the world as we knew it so well shut down only worked to highlight the sheer important of the blossoming Croatian IT sector. As Poslovni Dnevnik/Denis Jasarevic writes, we live in times when what was impossible yesterday is no longer the case today. Over the last two years, there have been major disruptions at the global level, which have revealed that processes with the help of technology can speed up and improve the efficiency of all users in…
Saturday, 11 December 2021

Seventeen Croatian Enterprises on List of Best IT Companies!

December the 11th, 2021 - Seventeen Croatian enterprises have found themselves ranked among the best of the best when it comes to successful IT companies, which is no surprise when one looks at the blossoming Croatian IT sector, which excelled even during the pandemic in 2020. As Poslovni Dnevnik/Lucija Spiljak writes, the world's leading ranking platform, Clutch, has published a list of the 1000 best companies in the global B2B market, which includes seventeen Croatian enterprises - in the very impressive seventh place, and also the best ranked Croatian company, is Infinum. Among the top 100 are Q Agency and…
Saturday, 11 December 2021

Jasmin Bajic Says Croatia Airlines Ready for Croatian Economic Recovery

December the 11th, 2021 - Croatia Airlines' main man Jasmin Bajic has stated that the national carrier is more than ready for Croatian economic recovery as hopes to finally put the horrendous coronavirus pandemic behind us grow. As Poslovni Dnevnik/Jasmin Bajic writes, the global health crisis is having an extremely devastating effect on the world's air transport industry, which is among the most affected economic activities, and the coronavirus pandemic will continue to be the biggest immediate threat to the airline and travel business next year. Forecasts of the most relevant international aviation associations and organisations say that this is the…
Saturday, 11 December 2021

175 Teams Pass Through Rijeka Startup Incubator Since Creation

December the 11th, 2021 - A very decent amount of companies have passed through the Rijeka startup incubator, since it was created, and the entrepreneurial ideas seem to just keep on coming. As Poslovni Dnevnik/Ana Blaskovic writes, a regulatory release capsule, a bicycle village, the transformation of trucks into mobile homes for rent, self-service cereal machines, a piano playing learning application for children, a reproductive mental health centre, a platform for managing tailor-made CVs… the Rijeka startup incubator is simply bursting with creative business ideas from the latest generation of users who took to the facility this October. “Twenty teams…
Friday, 10 December 2021

Camping is Croatian Tourism Leader, Congress Hears

ZAGREB, 10 Dec 2021 - Camping is the leader of Croatian tourism this year with 90% of the nights generated in the record year 2019 as well as in terms of quality and possibilities, even during a pandemic, and market announcements indicate the results will be even better in 2022, a camping congress heard on Thursday. The 15th congress of the Croatian Camping Union in Tuhelj brought together over a 100 professionals and campsite representatives from across Croatia as well as their guests from the German, Dutch, and Italian auto clubs. Assistant Tourism Minister Robert Pende said HRK 2.2 billion was…
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