Business

October the 24th, 2021 - The Zminj-based company Rudan has taken over one of the most popular places of its kind in all of the Republic of Croatia in its latest big business move - Terme Jezercica. As Jutarnji/Novac/Jozo Vrdoljak writes, Rudan, a company from Zminj in Istria which is well known for its energy saving projects, has been making an increasing step towards tourism over more recent years. The company recently took over the popular Terme Jezercica from its previous owners, Zrinka and Ivana Lekic who are also known as owners of various nursing/care homes for the elderly and infirm.…

October the 24th, 2021 - The popular Crikvenica Hotel International, which has stood proud on this coastal town for many years, is set to be torn down and replaced with a brand new, modern and luxurious facility. As Morski writes, the much-loved Crikvenica Hotel International, located in the city port just a few dozen metres from the shoreline will soon be demolished. In its place, a brand new, more modern and luxurious hotel is set to arise. The Crikvenica Hotel International was first opened back in 1964, and in the 1970s it was the heart, centre and symbol of all…

ZAGREB, 23 Oct, 2021 - Close to 30% of companies in Croatia did not have any employees in 2020 when of 139,009 businesses, 41,595  (29.9%) did not have workers, the Financial Agency (FINA) has said in a report which is based on processed annual financial statements. A total of 37,865 of the 41,595 businesses without employees operated normally, 1,273 were undergoing liquidation, and 2,457 were undergoing bankruptcy proceedings. A total of 17,438 businesses operated at a profit while 24,157 reported losses. The share of businesses without employees in the total number of businesses was high, 29.9%, but it was small in relation to other positive indicators,…

ZAGREB, 22 Oct 2021 - The sixth generation of the first Croatian startup accelerator was presented at the Zagreb Innovation Centre (ZICER) on Friday, marking the start of operation of the new "Startup Factory." Twelve development teams were presented with prospects to produce innovative technological products. They will receive training by excellent domestic and foreign experts and mentors and will have an opportunity to meet with established startup experts while using ziceR's infrastructure. The entire programme will last for a month. The Startup Factory Finale will be held on 23 November at the Zagreb Connect international startup conference where the best development teams will…

October the 22nd, 2021 - Could brand new regulations and rules determined at the level of the European Union and the European Parliament have a negative effect on Croatian food production and eventually result in a rise in prices? Many consider it a very likely scenario. As Poslovni Dnevnik/Marta Duic writes, the European Parliament gave the green light for the ''field to table'' strategy at its plenary session which was held this Tuesday. It involves a package of twenty-seven legislative proposals and policies that will change the ways in which food is produced, processed, bought and consumed across the EU over…

October the 22nd, 2021 - Croatian entrepreneurship is very decently positioned on the Global Entrepreneurship Monitor (GEM), which makes a change as Croatia sadly often finds itself at the very bottom of EU rankings for most things. This too, however, has a downside, as a lot of such business moves are made out of necessity rather than basic desire. As Poslovni Dnevnik writes, despite the widespread perception of the poor status of Croatian entrepreneurship, according to the intentions to launch a business venture, Croatia is at the very top of the list of EU member states according to the latest…

ZAGREB, 22 Oct 2021 - The Vodnjan-based global cloud communication platform and leading regional IT company Infobip has been named the leading service provider in the Communications Platform-as-a-Service segment by the independent UK analyst house Juniper Research, it was reported on Thursday. Juniper's new tool Competitor Leaderboard provides a visual representation of the competitive positioning of the leaders within a particular market sector. It ranks stakeholders in terms of their market reach, innovativeness, growth capacity and financial, operational and marketing strength. Infobip has been named an established leader in the CPaaS segment owing to the quality and capacity of its own CPaaS platform, solutions for text message control and…

ZAGREB, 21 Oct 2021 - The main Zagreb Stock Exchange (ZSE) indices fell on Thursday amid modest trading, with the Crobex dropping by 0.16% to 2,046 points and the Crobex10 decreasing by 0.25% to 1,243 points. Regular turnover was just over HRK 4 million, or HRK 500,000 less than on Wednesday. No stock passed the million kuna mark in turnover. The highest turnover of HRK 583,000 was generated by the stock of the Tankerska Next Generation shipping company. Its price went up by 0.92% to HRK 43.8 per share. A total of 39 stocks are traded today, with 13 of…

ZAGREB, 20 October, 2021 - Croatia and Azerbaijan have good economic cooperation, they cooperate excellently in international formats and there is great potential for closer cooperation in many areas of mutual interest, Croatian Foreign Minister Gordan Grlić Radman said during an official visit to Azerbaijan on Wednesday. Grlić Radman, who is accompanied on his visit by a large delegation of Croatian business people, met today with his Azerbaijani counterpart Jeyhun Bayramov. "Croatia and Azerbaijan have been strategic partners since 2013, and in 2019 Croatia decided to open its embassy in Baku, considering the significant potential for economic cooperation... I believe that this visit will boost our…

ZAGREB, 20 October, 2021 - When Croatia joins the euro area, its citizens can expect a drop in interest rates on new loans and on loans with variable interest, owing to lower risks, primarily lower exchange rate risks, while holders of fixed interest loans will be able to refinance them if new terms and conditions are more favourable to them. The issue of interest rates on household loans in the coming period has come to the front burner, alongside expectations of the start of the normalisation of the European Central Bank's monetary policy amidst the rise in inflation. Holders of loans with…