Business

December the 10th, 2021 - Several Croatian companies can be found on the list of those engaged in the Banovina house reconstruction plans, which are admittedly going far slower than anyone could have imagined, even by domestic standards. As Poslovni Dnevnik/Suzana Varosanec writes, the reconstruction process following December 2020's devastating earthquake which struck the Banovina area is finally entering a new phase. According to the plan for the construction of houses and buildings with the beginning of the implementation of projects of the first replacement family houses, things will finally get going in a concrete sense in around five weeks.…

December 10, 2021 - Rent A Local founder Anđela Prnjak was awarded first at the 3rd StartIT 2021 IT startup academy in Split! In the Spinit Technology Incubator, Split-Dalmatia County Prefect Blaženko Boban presented awards to founders/teams of the seven-best projects of the 3rd StartIT 2021 IT startup academy organized by ICT County and startup community "Digital Dalmatia", reports Dalmacija Danas. This year's academy, organized through an eight-week intensive professional entrepreneurship education of the third StartIT @ PICS, was attended by 12 teams and their innovative projects that meet some of the most current challenges of today. The seven best were selected…

December 10, 2021 - The cruise industry was one of the most affected due to the coronavirus pandemic, but this year Dubrovnik registered very positive numbers, with a cruise tax revenue estimated at almost 1.5 million kuna and would be invested in transport infrastructure to raise the standard of the destination. As of January 1 this year, the City of Dubrovnik has started collecting tourist tax for cruise ships. It was announced back in 2019 when the relevant Ministry of Tourism introduced the so-called cruise tax. After 2020, in which the cruise industry was paralyzed as a result of the COVID-19 pandemic, many were…

December the 9th, 2021 - The Croatian Real Estate Records project could bring in a steady increase in earmarked revenues from utility fees by as much as 20 to 50 percent. Multiple places across Croatia have already begun implementing such databases. As Novac/Barbara Ban writes, the advanced technological solution within the Croatian Real Estate Records project (ENA) could see some considerable cash flow in, and creating an accurate database of real data has been implemented in twenty municipalities and cities across the country already. Prehnit has its signature on the ENA methodology and says that they are among the leading…

December the 9th, 2021 - The Nelt Group, while perhaps not so much heard of here in Croatia, is one of the most successful business systems in neighbouring Serbia and indeed in Croatia's more immediate region, with amazing revenue earned in 2021. As Novac/Jozo Vrdoljak writes, the consolidated revenue of the Nelt Group, one of the most successful business systems in all of Serbia and the region, exceeded one billion euros in 2021. The Nelt Group currently operates on two continents and employs over 4,000 workers, as was announced at the traditional annual gathering of company leaders with media representatives.…

ZAGREB, 8 Dec, 2021 - The survival of Croatia's agriculture largely depends on digitisation, the key to increase productivity and the driver of the development of domestic production, for which HRK 77 million is envisaged for investments, a conference on digital farming heard on Wednesday. Addressing the conference, Agriculture Minister Marija Vučković said that digital technology has the potential to significantly improve farming and that the digital transformation of Croatia's agriculture has been included in the National Recovery and Resilience Plan (NPOO).  A total of HRK 77 million is earmarked in the NPOO for the digitisation of the agriculture sector - for digitising public services…

ZAGREB, 8 Dec, 2021 - Turkish businessman Muharrem Balat and his Croatian subsidiary BLT have sued Croatia to the European Court of Human Rights (ECHR)  following a series of court decisions in which his right to enjoy his property and access to a fair trial have been violated. BLT represents the Turkish MB Holding, which has launched the first geothermal power plant in Croatia at Velika Ciglena near Bjelovar. Balat's former associates and once minority partner Dragan Juril are locked in a legal dispute over the power station, which is due to receive more than HRK 1 billion in state incentives until 2031. Jurilj and his Geothermal…

December the 8th, 2021 - A decline in tourism, and as such Croatian tourism investments, can more or less explain almost the entire decline in GDP. A massive 8.1% decline back in 2020 was certainly not what anyone needed, or could have ever imagined coul happen after the record year of 2019. As Poslovni Dnevnik/Marija Crnjak writes, the overall decline of GDP in Croatia back in pandemic-dominated 2020 can be explained by the decline in tourism, the most affected industry that has led to a decline across all related sectors, while at least 4.5-5 percent of total GDP growth in…

December 8, 2021 - Adria Business Network #19 will be held on December 15, 2021, at 6 pm at the Aspira College, Heinzelova 62a, Zagreb. The event is organized and led by Željka Barišić, owner of Forca Digital Agency (www.forcadigitalagency.com) and Lea Kosović, owner of LOL Event Management (www.lol.hr). Dario Marčac is a 26-year-old TikTok sensation with half a million followers, and the number is growing every day. He is in the Top 10 Balkan TikTokers and is one of the organizers of the first TikTok meet-up in Croatia. With his witty content on the mentioned social network and numerous…

ZAGREB, 7 Dec, 2021 - Croatia's IT industry has shown resilience also in the current pandemic, and in 2020 it saw revenues in the amount of HRK 28 billion and grew, though less than in 2019, going up by 3.3%. It is also looking for the status of a strategic branch considering its importance for all sectors, an analysis shows. The analysis of the IT sector, made by the Croatian Chamber of Commerce (HGK), was presented on Tuesday. "The IT industry in Croatia employs 35,000 people or 6% more than in 2019, with the average wage having risen to around HRK 9,000, which…