Business

ZAGREB, 7 Nov 2021 - In 2020, enterprises in the Osijek, Rijeka, Split, and Zagreb urban agglomerations netted HRK 16.2 billion in profits, or 77% of the profits of all enterprises in Croatia, according to an analysis by the Financial Agency. The agglomerations were established in 2015 and 2016 under a decision of the Regional Development and EU Funds Ministry. In 2020, the biggest consolidated net profit was generated by enterprises in the Zagreb urban agglomeration (HRK 14.3 billion), followed by Osijek (HRK 804.1 million), Split (HRK 631.6m), and Rijeka (HRK 399.8m). Of the 139,009 enterprises which submitted annual financial statements for…

November 7, 2021 - 1,000 Aminess tourism workers are desired for the 2022 season, with the promise of monthly rewards, holiday bonuses, accommodation, meals, and expert-led training in Croatia's best destinations.  Travel company Aminess has started preparatory activities for next season. As it expects greater interest from key markets, Aminess has introduced a new recruitment campaign under the slogan “Aminess Jobs - Where Friendship Makes a Difference”, reports HRTurizam.   The campaign seeks to attract 1,000 employees to work in the best tourist destinations. It offers stimulating monthly rewards of up to 5,000 kuna, Christmas bonuses and holiday pay, hotel…

November the 7th, 2021 - The former director of the much loved Zagreb Brewery, Sergey Yeskov, is set to spread his wings and become the director of the Molson Coors Beverage company. With this professional move, the ex Zagreb Brewery director, originally from Ukraine, is branching out from Croatia to Europe. As Poslovni Dnevnik writes, former Zagreb Brewery director Sergey Yeskov is set to become the president and chief executive officer (CEO) of Molson Coors Beverage, the owner of the aforementioned Croatian brewery, for the whole of Europe. With this, Yeskov is stepping down from his position as director of…

November the 6th, 2021 - The Croatian Orbico Group, which is otherwise Europe's largest distributor of consumer goods with more than 8,000 employees, grew by 120 million euros during the first year of the coronavirus pandemic, an increase in revenue compared to pre-pandemic 2019. As Poslovni Dnevnik/Suzana Varosanec writes, the owner of the Croatian Orbica Group, Branko Roglic, confirmed this recently, adding that this record achievement is simultaneously accompanied by integrative processes that have affected the entire system this year. In all 20 countries in which Orbico operates, the integration of the group's components has been carried out, so that…

November the 6th, 2021 - As the pandemic starts to bite again in Europe as the colder weather sets in and the threat of new measures looms, could the likes of Egypt and Uzbekistan represent new Croatian export opportunities? Some in the know believe so. As Poslovni Dnevnik/Suzana Varosanec writes, despite the impact of the ongoing global coronavirus pandemic on business throughout 2020 and this year as well, in the first three quarters of 2021, more than 111 million kuna of new business was successfully concluded, confirmed the Institute IGH's business report on the first nine months of this year.…

November the 6th, 2021 - The Croatian eKupi online retailer has introduced a new and innovative service for its users which is similar to something Croatian post (Hrvatska posta) introduced not so long ago - package machines. As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, the Croatiane eKupi online retailer has taken a step further in improving its user experience, the very basis of the shopping experience. They are introducing eKupi package machines, following, for example, Hrvatska posta, DPD and GLS, which already have them in operation. The first eKupi "devices" to which goods purchased over the Internet can be picked up…

ZAGREB, 5 Nov 2021 - An agreement on a concession to develop and commercially use the Zagreb Deep Sea container terminal in the Port of Rijeka, estimated at HRK 20 billion (€2.7 billion), with the concession fee fixed at €2 million annually for a period of 50 years, was signed in Rijeka on Friday. The agreement was signed by Rijeka Port Authority head Denis Vukorepa, the director of the international terminal operator APM Terminals, Morten Engelstoft, and Energia Naturalis Grupa Management Board chair Pavao Vujnovac on behalf of the concession holder ENNA Logic of Croatia. The concession holders undertake to build the necessary infrastructure…

ZAGREB, 5 Nov 2021 - In the first ten months of this year, 40,245 new passenger vehicles were sold, up 28.4% on the year, whereas in October alone 2,853 cars were sold, down 7.8% on the year, the Promocija Plus market research agency said on Friday. The most popular brand this year to date has been the Opel Corsa, with 1,796 cars sold, followed by the Škoda Octavia (1,614), Dacia Duster (1,377), Volkswagen T-Cross (1,360), Dacia Sandero (1,085), and the Volkswagen T-Roc (1,015). In that period petrol cars were bought by 21,772 people (54.1% of all sales), diesel cars by 9,841 (24.5%), hybrids by 6,071 (15.1%)…

November the 5th, 2021 - RBA analysts are more cautious when it comes to predicting Croatian economic recovery or the growth of domestic GDP as the instability of the ongoing global coronavirus pandemic still remains a huge issue. As Poslovni Dnevnik/Ana Blaskovic writes, contrary to the optimism of the central bank and the government about the dynamics of Croatian economic recovery in 2021, ranging from between 8.5 and 9 percent, Raiffeisen Bank analysts are still somewhat more cautious with the expectation that GDP growth will stop at 7 percent. "Our estimates are significantly lower than those provided by the government…

ZAGREB, 4 Nov 2021 - The main Zagreb Stock Exchange (ZSE) indices fell by 0.6% on Thursday, a day after edging up from the lowest level in a month. The Crobex dropped by 0.64% to 2,004 points and the Crobex10  by 0.63% to 1,235 points. Among sectoral indices, the food sector index dropped the most on Thursday (-0.7%) while the transport sector increased by +2.85%. Regular turnover amounted to HRK 5.9 million, about 3 million less than on Wednesday. The Atlantska Plovidba shipping company stock was the only one to cross the turnover mark of one million kuna, turning over HRK 1.65…