Business
Thursday, 4 November 2021
Sberbank Sells Its Subsidiaries in Croatia, CEE Region
ZAGREB, 4 Nov 2021 - Sberbank Europe said on Wednesday that it was selling its subsidiaries in Croatia, Bosnia and Herzegovina, Hungary, Serbia, and Slovenia to the Belgrade-based AIK Bank, Slovenia's Gorenjska Banka, and Agri Europe Cyprus Limited. Sberbank Europe AG signed an agreement with AIK Banka a.d. Beograd, Gorenjska Banka d.d., Kranj and Agri Europe Cyprus Limited for the sale of its subsidiary banks in Bosnia and Herzegovina (Sberbank BH d.d. Sarajevo and Sberbank a.d. Banja Luka), Croatia (Sberbank d.d.), Hungary (Sberbank Magyarország Zrt.), Serbia (Sberbank Srbija a.d. Beograd) and Slovenia (Sberbank banka d.d.), with total assets of EUR…
Thursday, 4 November 2021
Government Approves Concession Termination of Vukovar Free Zone
November the 4th, 2021 - The Croatian Government has approved the concession termination of the Vukovar Free Zone, bringing the number of them located on Croatian territory down. As Poslovni Dnevnik/Marija Brnic writes, in terms of the EU, Croatia is at the very top in terms of the number of free zones - until last week it had eleven, with three being in the process of being ''deleted'' for some time now, and according to the new concession, the Vukovar Free Zone will also join that listdecentia . The request to terminate the concession came from Vukovar itself, more precisely from…
Thursday, 4 November 2021
Vodnjan Infobip's Taking Over of American Rival is Step Closer to Wall Street
November the 4th, 2021 - The Vodnjan Infobip company has gone from strength to strength over recent years, and now, with its most recent take over of an American rival, this remarkable Croatian company is edging ever closer to Wall Street. As Poslovni Dnevnik/Ana Blaskovic writes, the first, and so far the only Croatian ''unicorn'', the Vodnjan Infobip, is continuing with its ambitious expansion. After a financial injection of half a billion dollars last month, this company acquired the American Peerless Network, a global provider of VoIP (Voice over IP) services. Although the value of the transaction remains a secret…
Wednesday, 3 November 2021
Croatian Maistra Earns Higher Quarterly Profit Than Summer 2019
November the 3rd, 2021 - The Croatian Maistra company has done excellently this year, despite the dire circumstances that have dominated since the beginning of 2020. They even exceeded when compared to what was considered to be the record year of 2019. As Poslovni Dnevnik/Jadranka Dozan writes, at the end of October 2021, the quarterly or nine-month reports of the leading Croatian hotel and tourism companies were mostly completed. They provided more concrete insights into how the tourist season in general has been, how it has affected business results across this economic sector and where they are in relation to…
Wednesday, 3 November 2021
Could Blockchain Tech Reveal How Green Croatian LNG Terminal Really Is?
November the 3rd, 2021 - Blockchain technology is one of those things on everyone's lips of late, and while some tilt their heads in confusion, others are taking advantage. Could Blockchain tech reveal just how green the Croatian LNG Terminal actually is? Perhaps. As Poslovni Dnevnik/Darko Bicak writes, gas is a generally accepted transitional energy source between the fossil and green eras, and in addition to the gas transported by standard pipelines, there's more and more gas from LNG. It is LNG that is increasingly the subject of analyses that question whether its use is really "transitional green" or whether…
Wednesday, 3 November 2021
Croatian Computer Scientists in Short Supply, Students Being Hired
November the 3rd, 2021 - The old saying that you just can't get the staff couldn't ring more true than it does in Croatia. The country is lacking when it comes to employees across the majority of sectors, and Croatian computer scientists, despite the country's IT boom, are in such short supply that students are being given jobs. As Poslovni Dnevnik writes, the situation with both the Croatian economy and the demographic picture isn't news to anyone who doesn't live under a rock, but this is especially evident when it comes to Croatian computer scientists. Companies can’t find enough of them…
Tuesday, 2 November 2021
Korea-Croatia Business Forum 2021 Happening November 4 in Zagreb
November 2, 2021 - The Korea-Croatia Business Forum 2021 will be held on November 4, 2021, at 9:00 a.m. at the Hotel Westin in Zagreb. The event is organized by the Embassy of the Republic of Korea in Zagreb in partnership with the Ministry of Economy and Sustainable Development of the Republic of Croatia, Croatian Chamber of Economy, Korean Business Center Zagreb (KOTRA), Croatian-Korean Business Club, the Embassy of the Republic of Croatia to the Republic of Korea, and the Korean-Croatian Business Innovation Council. The Forum has been held annually in Zagreb since 2013, with the aim of further promoting business…
Tuesday, 2 November 2021
Bugatti Rimac Officially Begins Operations, Mate Rimac's Role Revealed
November 2, 2021 - Rimac Automobili today officially joins forces with Bugatti under the recently announced company Bugatti Rimac d.o.o., the company announced. The new company joins the forces of Rimac and Bugatti, which together continue with breakthroughs in the automotive and technology industries. Establishing the new company, which unites the two brands, is supported by the sports car manufacturer Porsche AG and one of the largest car manufacturers in the world, as well as the current owner of Bugatti - Volkswagen AG, reports Index.hr. "After a short but turbulent 10-year history of Rimac Automobili since its inception in the garage,…
Monday, 1 November 2021
Croatia's Industrial Turnover Up 22.5% y-o-y in August
ZAGREB, 1 Nov 2021 - Croatia's industrial turnover in August 2021 rose by 22.5% on the year and by 3.2% on the month, according to data by the Croatian Bureau of Statistics. In August 2021, the seasonally adjusted industrial turnover increased by 22.3% on the domestic market and by 24.1% on the non-domestic market, compared to August 2020. In terms of main industrial groupings, in August, the highest year-on-year increase, of 43%, was recorded in energy sales. Sales of capital goods rose by 25.2%, intermediate goods by 22.1%, consumer non-durables by 18.7%, and consumer durables by 13.3%. Industrial turnover has…
Monday, 1 November 2021
Croatia Spends HRK 4.7 Billions on R&D in 2020
ZAGREB, 1 Nov 2021 - A total of HRK 4.7 billion was spent on research and development (R&D) in Croatia in 2020, which is 6% more than in 2019, and there were 25,217 persons employed in R&D, which is 5.7% more than in 2019, show data from the Croatian Bureau of Statistics. Of the total funds for R&D, the largest amount was spent in the business sector, 47.9% or HRK 2.3 billion, followed by higher education with 32.2% or HRK 1.5 billion, while the least was spent in the government and private non-profit sector, 19.9% or HRK 941.9 million. Labour…
Monday, 1 November 2021
Croatian 2021 Tourist Season Financial Results Arrive
November the 1st, 2021 - The Croatian 2021 tourist season financial results are finally in following a long period of praise for a remarkably good season marked by a good epidemiological picture. As Poslovni Dnevnik/Marija Crnjak writes, in the first nine months of 2021, the largest Croatian tourism company, Valamar Riviera, reached the level of 93 percent of the pre-crisis year of 2019 in terms of operating profit (EBITDA), and operating revenues in the same period amounted to 1.5 billion kuna, or 75 percent of sales realised back in 2019. Given the high demand at the peak of the summer…
