Business

November the 18th, 2021 - The Novigrad hotel Aminess Maestral is set to get a welcome 35 million kuna cash injection, and special emphasis is being placed on one particular area. As Marija Crnjak/Poslovni Dnevnik writes, the well known Aminess tourist company has started the reconstruction of the accommodation part of the Novigrad hotel Aminess Maestral in Novigrad, Istria. This is an investment worth a massive 35 million kuna, and this reconstruction will finish off and complete the entire new renovation of the four-star Novigrad hotel Aminess Maestral, the opening of which is expected during the spring of 2022, with hopes…

November 17, 2021 - The first Glovo Express store in Croatia intended for Glovo suppliers will work 0-24h every day of the year, acting as a micro-logistics facility that speeds up delivery. Glovo, the largest player in the delivery application market in Croatia, has opened its own store, reports Jutarnji List. Namely, Glovo Express is a store that is not intended for end customers but Glovo suppliers and works 0-24h every day of the year. The concept of the new Glovo store is called the Micro Fulfilment Center, which means that it is a micro-logistics facility that speeds up delivery. If…

November the 17th, 2021 - Croatian livestock farmers are struggling cost-wise as competitiveness in placing domestic beef on the market when cheaper, lower quality foreign meat is ever-present is proving difficult. As Poslovni Dnevnik writes, back at the end of last week, the Croatian Baby Beef Association for Fattening and Breeding requested the state's help for breeders in achieving cost competitiveness as cheap foreign imports dominate the scene. The goal of the Association is to place young Croatian beef, known as baby beef, on store shelves and in the kitchens of restaurants and hotels, said the new president of the Baby…

ZAGREB, 16 Nov 2021 - The former owner of the Agrokor agricultural and food conglomerate, Ivica Todorić, said on Tuesday that the indictment against him and his associates for siphoning money out of the company had been withdrawn to cover up the embarrassment of the Prosecutor's Office. "As I have said in many of my public statements since 2017, this indictment against me, my family and my associates, which has been withdrawn today, has nothing to do with reality and the actual state of affairs. It's a piece of junk. The evidence in our possession confirms that it was made…

ZAGREB, 16 Nov 2021 - The number of franchises in Croatia has increased since last year by about 20 per cent to about 220, of which a fifth are domestic franchises, which shows that many see this business model as an opportunity, the 2nd Franchise Forum was told in Zagreb on Tuesday.   The forum was organised by the Croatian Chamber of Commerce (HGK), the Enterprise Europe Network (EEN) and the Croatian SMEs agency HAMAG-BICRO. Those who opt for a franchise business, regardless of whether they buy or sell a franchise, often survive longer as a business in the first five years than…

ZAGREB, 16 Nov 2021 - The majority of Croatian companies are not ready for the green transition, with many not having the money for it, and a good portion of them consider it to be a threat - there are some of the findings of a survey conducted by the Apsolon consultancy and the Croatian Chamber of Commerce (HGK). The results of the survey, covering 192 companies and conducted from 1 July to 30 September this year, were presented at the conference "Doing business in era of green transition."  Presenting the findings, Mirjana Samardžić Novoselec of Apsolon said that companies' readiness to invest in the green…

November the 16th, 2021 - Varteks was rescued from sinking once before, and this fashion brand has since become very well known and highly respected throughout the Republic of Croatia and even beyond. Tomislav Babic claims that despite issues having arisen once again, the company won't be abandoning Varazdin. As Novac/Jutarnji/Visnja Gotal writes, Varazdin's Varteks is once again emerging from another crisis. After wage arrears built up back during the summer months, one of the few remaining once-textile giants has finally re-stabilised its business. By selling part of the company's inactive real estate/property, the arrears managed to be paid out and…

November the 16th, 2021 - The import of foreign labour from outside the EEA into Croatia, typically from neighbouring countries such as Bosnia and Herzegovina and Serbia, is proving cumbersome with the infamously slow and arduous Croatian bureaucracy. As Poslovni Dnevnik/Dario Knezevic writes, with the stil impaired liquidity due to the ongoing coronavirus pandemic, ''getting the staff'' and having a qualified workforce is still the biggest problem of the Croatian hospitality and catering industry, especially since wages in the sector are still low and workers prefer to choose other occupations or instead opt for emigration. Importing workers is currently an…

ZAGREB, 15 Nov 2021 - Businesses in Vukovar-Srijem County generated a consolidated net profit of HRK 655.5 million in 2020, which is an increase of 7.2%, while gross investments in new long-term assets decreased by 43.7% to HRK 193.9 million, a report by the Financial Agency (FINA) shows. A total of 2,273 businesses had their registered headquarters in Vukovar-Srijem County and employed 20,063 people, which is an increase of 310 or 1.6% year-on-year. Entrepreneurs in the county generated a total revenue of HRK 22.7 billion in 2020, up 17.4% on the year, whereas total expenditure increased by 17.8% to HRK…

ZAGREB, 15 Nov 2021 -  The Zagreb-based AI startup Mindsmiths is the winner of the global award Top of AI Startups given by the Alliance for Responsible AI to projects that responsibly apply artificial intelligence. The Croatian startup, with its AI platform, was recognized as the best among 17 projects from 10 countries. The Mindsmiths AI platform enables the creation of Autonomous Support Systems that are applied in a number of industries, from healthcare for chronic patients to financial advice to clients in the banking sector. A startup from Russia and the UAE, Life Peak, a digital system that enables online monitoring and predicting dangerous psychophysical conditions for…