Business

October the 31st, 2021 - The well known Adris Group is set to invest a large sum into the renovation of several Zagreb hotels, as well as into the famous Hotel Marjan down in the City of Split. As Poslovni Dnevnik/Ana Blaskovic writes, the Adris Group's net profit reached a massive 605 million kuna in the first nine months of this year, compared to a considerably lower figure of 141 million kuna last year, and total revenues rose to 4.51 billion kuna (marking a significant increase of 23 percent), they announced from Adris. At the same time, the income from…

October the 31st, 2021 - The much loved Croatian company Podravka has been recording some excellent sales growth across important markets, and despite the negative economic circumstances the coronavirus pandemic has dragged the entire world into, things are looking up for this enterprise. As Poslovni Dnevnik writes, revenues from the Croatian company Podravka's sales for the first nine months of this year amounted to a very impressive 1,651.4 million kuna, which is 3.9 percent more than what was recorded back during the same period last year. Since last year, due to the poor epidemiological situation, there was an increase in…

October the 30th, 2021 - Something brand new for Zagreb's most famous street (Ilica) is likely to delight all those who pass by. The much loved coffee brand Franck has opened its very first ''digitalised'' cafe, called Snogoo. As Poslovni Dnevnik writes, Croatia's very first digitalised Franck Snogoo location has now opened its doors on Zagreb's busy Ilica street. It is a modern walk-in-store where Zagreb residents and visitors alike will be able to buy a cup of Franck coffee outside as well as other hot and cold drinks, sandwiches, cakes, freshly squeezed juices and snacks, 24 hours a day.…

October the 29th, 2021 - Croatian employers would gladly introduce covid certification presentation as a mandatory move but cannot under current Croatian law. As a result, they're seeking two important things from the state. As Poslovni Dnevnik/Marija Crnjak writes, many Croatian employers claim they're overwhelmed and irritated waiting around for the state to finally define the rules around covid certificates, which they would like to introduce them at workplaces and thus join the health and social care system which already have the same rule, but Croatian employers cannot do that because they have no legal basis to introduce it. The…

October the 29th, 2021 - A huge amount of Croatian workers will need to consider changing their occupations as digitalisation and automation continues to leave the need for the human touch in the past, according to a recent analysis. As Poslovni Dnevnik writes, approximately 340,000 jobs will disappear due to automation and trends fueled by the COVID-19 pandemic, but rest assured, these will be replaced by almost the same number of new jobs in new occupations and growing industries and due to a general increase in productivity. While net labour demand will remain virtually unchanged, there will be significant changes…

October 28, 2021 - Adria Business Network's 3rd season was opened with a lecture by Dražen Oreščanin, a partner in the company Poslovna inteligencija and the Executive Director of the Voice of Entrepreneurs Association. The event was organized by entrepreneurs Željka Barišić, owner of Forca Digital Agency (www.forcadigitalagency.com), and Lee Kosović, owner of LOL Event Management (www.lol.hr) at Aspira High School, which is a partner of the event. The event's goal is business networking in Croatia and the region, creating business opportunities, and encouraging continuous education. In addition, the event offers the opportunity for all participants to get to know each…

ZAGREB, 28 Oct 2021 - Fertilizer manufacturer Petrokemija generated a net profit of HRK 19 million in the first nine months of 2021, down from HRK 315 million in the same period of 2020, the company's financial statement shows. Petrokemija's result for the first nine months of this year was affected by increased prices of natural gas, higher carbon emission allowance prices, and lower demand. The negative effects were partly offset by higher selling prices of mineral fertilizers and the efficiency measures implemented, CEO Davor Žmegač said in a comment. Operating revenue totaled HRK 1.5 billion, up by 7.0% over…

October the 28th, 2021 - Croatian ACI marinas have been extremely popular ever since their arrival in the country, and with the coronavirus pandemic haven shaken the economy, it's more than encouraging to see that they have finally reached their pre-pandemic revenue levels. As Poslovni Dnevnik/Marija Crnjak writes, thanks to the accelerated vaccination rollout and the highest standards of protection across all Croatian ACI marinas, as well as mitigation of epidemiological measures and the opening of borders in Croatia to tourists, the operating revenue of this chain of marinas increased by 20.1 million kuna in the third quarter of 2021,…

October the 28th, 2021 - Yet another Peljesac bridge construction site has popped up as the final completion of this massive strategic project draws ever closer and the final touches are dealt with. As Poslovni Dnevnik writes, after what seems like an eternity of talking and then constructing, the works on Peljesac bridge have entered their final phase. Another very important Peljesac bridge construction site has now popped up and been opened next to the bridge itself - the sewage system from Komarna to Duboka. ''We've done 350 metres of the canal and now we're waiting for the entrance to the…

ZAGREB, 27 Oct 2021 - The main Zagreb Stock Exchange (ZSE) indices closed in the red on Wednesday, with the Crobex falling by 0.96% to 2,027 points and the Crobex10 by 0.66% to 1,235 points.  Turnover at the close of the trading session was HRK 11.3 million, about 3 million higher than on Tuesday. The highest turnover, of HRK 2.17 million, was generated by the Atlantska Plovidba shipping company. The price of its share fell by 1.18% to HRK 502. It was followed by plastic car parts manufacturer AD Plastik with a turnover of HRK 1.92 million. It ended the…