Business

ZAGREB, 6 Oct, 2021 - The main Zagreb Stock Exchange (ZSE) indices increased on Wednesday, the Crobex by 0.03% to 2,033 points, its highest level since February 2020, and the Crobex10 by 0.01% to 1,245 points, its highest level since March 2017. Regular turnover was HRK 13.5 million. Another HRK 4.5 million was generated in a block transaction with Atlantic Group stock at HRK 1,550 per share. The most traded stock in regular trading was Valamar Riviera, turning over HRK 3.6 million. It closed at HRK 31.2 per share, down 0.95%. Forty-nine stocks traded today - 20 gaining in price…

ZAGREB, 6 Oct, 2021 - Croatia's industrial producer prices jumped by 12.1% in September 2021 compared with the same month in 2020, their highest rise since January 2011, according to the data released by the National Bureau of Statistics. This was the seventh month in a row to see an increase in industrial producer prices on an annual level, following the 9.3% rise in August. The positive streak began in March this year with an annual rise of 3.5% and was followed by increases of 5.8% in April, 7.6% in May, 7.2% in June and 7.9% in July.  The rise…

ZAGREB, 6 Oct, 2021 - Standard&Poor’s (S&P) ratings agency has upgraded the credit rating of Croatia's state-owned energy producer Hrvatska Elektroprivreda (HEP) from BB+ to BBB-, so that now it is the same as the sovereign credit rating. It is the first time since 2009 that HEP's credit rating has been restored to investment grade, the company said in a statement on Wednesday. S&P said in its report that the upgrade reflects HEP’s success regarding robust credit metrics in volatile hydrological conditions and commodity prices. This is a result of HEP’s gradual evolution towards a market-oriented company with a more…

October the 6th, 2021 - The Croatian company Infinum is set to open an office down in neighbouring Montenegro, more precisely in the capital city of Podgorica, in which it plans to invest a hefty amount. As Poslovni Dnevnik/Lucija Spiljak writes, the Croatian company Infinum, a leading software design and development enterprise, is opening an office in Podgorica, the Montenegrin capital, where they have already assembled a team of fifteen people. The plan is to increase that number to about 60 people within a couple of years and invest as much as three million euros. Nikola Kapraljevic, the operating director…

October the 6th, 2021 - The Austrian company SeneCura is continuing its Croatian market expansion by making business moves in continental Croatia, more precisely in Bjelovar. As Novac/Jozo Vrdoljak writes, the international group SeneCura, specialising in care for the elderly and infirm, is continuing with its Croatian market expansion with the acquisition of the Vita Nova care home located in Bjelovar. SeneCura, based in Vienna, has been operating in Austria, the Czech Republic and neighbouring Slovenia for more than twenty years, and has been operating in Croatia since 2020. After taking over the Severovic care home in Novaki Bistranski, this…

October 5, 2021 - CircuitMess Batmobile is the new DIY product made by a Croatian company which has made a name for itself by making products that promote STEM technology. From ''do it yourself'' (DIY) videogame consoles, to DIY mobile phones, DIY DJ sets and much more, the Croatian company CircuitMess has well and truly made name for itself internationally. Led by 22-year old entrepreneur Albert Gajšak, this company creates products which don't just provide fun, but also education about electronics and programming with hopes to popularise the STEM area (science, technology, engineering, and mathematics) for younger generations. With the need…

ZAGREB, 5 Oct, 2021 - The main Zagreb Stock Exchange (ZSE) indices closed mixed on Tuesday, with the Crobex gaining 0.26% to reach 2,032 points and the Crobex10 shedding 0.23% to end the day at 1,245 points. Turnover at the close of the trading session was HRK 14.7 million, which is 10.9 million higher than on Monday, and as many as six stocks passed the turnover mark of one million kuna. The stock of the Valamar Riviera hotel company turned over HRK 2.2 million, closing at HRK 31.5 per share, up 3.3%. The Podravka food company followed with a turnover of…

October the 5th, 2021 - The Croatian company Sinitech based in the continental city of Sisak, has seen its revenues soar in spite of the ongoing coronavirus pandemic which caused tremendous issues for the economy last year. They're doing so well, in fact, that they need to turn jobs away from time to time. As Poslovni Dnevnik/Darko Bicak writes, an inspector from the TÜV delivery had nothing but praise for the Croatian company Sinitech when checking things out for a client in the UK, stating: ''over the 20 years I've been in this business, I haven't seen anything like this produced in…

October the 5th, 2021 - The Osijek International Digital Agriculture study is set to put this often overlooked Eastern Croatian city into the spotlight as the first generation of students of this study begin enrolling. As Poslovni Dnevnik/Marta Duic writes, this year, the Faculty of Agrobiotechnical Sciences (FAZOS) and the Faculty of Electrical Engineering, Computing and Information Technologies (FERIT) in the City of Osijek are enrolling the first generation of students in the graduate university study of Digital Agriculture. It is a study with the participation of professors and lecturers from abroad, classes will be held in English, and enrollment…

October the 5th, 2021 - 2020 was an extremely difficult year for the entire world, and Croatian companies were by no means immune to the dire and unprecedented crisis which dominated the economic picture and halted the world as we knew it. That said, some Croatian companies enjoyed high revenues and incomes. The following performed the best, according to Fina. As Novac/Jutarnji writes, the analysis of the Financial Agency (Fina) on the top 50 Croatian companies in terms of total revenue by type of ownership, showed that enterprises operating in the private sector back in pandemic-dominated 2020 generated the highest…