Business

September the 30th, 2021 - The month of October in Croatian hotels looks extremely promising indeed, in some cases exceeding the pre-pandemic period. One vital segment for Croatian hotel business at this time of year is also making a comeback. As Poslovni Dnevnik/Marija Crnjak writes, the autumn occupancy of Croatian hotels this year will, as stated, exceed the pre-pandemic period, and this has been well and truly confirmed by the Bluesun Hotels & Resorts group, whose hotels are open due to demand almost until the end of October. They also report a strong return of congress guests and events. "With…

September the 30th, 2021 - The Croatian company Koncar is busy strengthening its position on the Swedish market after having signed its first contract with a Swedish system operator, worth a massive 63 million kuna in total. As Poslovni Dnevnik/Lucija Spiljak writes, the month, the Croatian company Koncar (Koncar Energy and Transport Engineering (KET) signed its first contract with the Swedish distribution system operator Vattenfall Eldistribution. This 63 million kuna strong contract includes a very complex reconstruction of the 130 kV plant at the transformer station (TS) 220/130/70/20 kV Finnslatten in Västerås, which is located not far from the Swedish…

ZAGREB, 29 Sept, 2021 - The Zagreb Stock Exchange (ZSE) Crobex index on Wednesday decreased by 0.21% to 1,983 points, while the Crobex10 increased by 0.03% to 1,126 points. Regular turnover was HRK 13.3 million. Again, the most traded stock was the Podravka food company, which turned over more than HRK 4 million, closing at a record-high HRK 636 per share, up 1.3%. Podravka has been recording an increase in turnover for three weeks, during which time its shares have mainly been bought by the Pivac meat industry, which holds 3.18% of Podravka's equity. Forty-four stocks traded today, with 12 increasing…

ZAGREB, 29 Sept, 2021 - Expectations for Croatia's economy in September 2021 came close to the pre-pandemic level, supported by confidence in services and retail trade, while consumer confidence was down, a European Commission report said on Wednesday. In September 2021, the Economic Sentiment Indicator (ESI) in Croatia went up 0.7 points on the month to 112.7, its highest level since February 2020, just before the pandemic broke out, when it was  at 113 points. Services and retail trade confidence saw the highest increases, by 3.3 and 3 points, respectively, while industry confidence increased by 0.4 points. Construction confidence decreased by 0.8…

ZAGREB, 28 Sept, 2021 - The main Zagreb Stock Exchange (ZSE) indices went up on Tuesday, the Crobex by 0.43% to 1,987 points and the Crobex10 by 0.47% to 1,216 points, while regular turnover was HRK 11.5 million. The most traded stock was the Podravka food company, turning over HRK 2.55 million. It closed at HRK 628 per share, up 1.95%. Forty-one stocks traded today, with 19 going up in price and ten going down, while 12 were stable. (€1 = HRK 7.491414) For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 28 Sept, 2021 - A growing number of foreign workers are coming to work in the north of Croatia as local metal, manufacturing and construction companies have difficulty finding labour on the domestic market, Večernji List daily said on Tuesday. Workers are coming from the Philippines, Ukraine, Nepal, India and elsewhere and there are already so many of them that there is a shortage of accommodation for them. They are staying in hotels, holiday apartments or rented accommodation, the newspaper said. In the Međimurje region, more and more old and renovated houses in which no one has lived for…

September the 28th, 2021 - The well known Croatian company DOK-ING has signed a letter of intent to form a Croatian-Slovenian consortium of companies in the field of security and defense with the Croatian companies Orqa and Defensphere and the Slovenian companies MIL Sistemika and Bijol. As Poslovni Dnevnik/Darko Bicak writes, an agreement was also signed between the Croatian and Slovenian defense industry competitiveness clusters with the aim of providing support to the defense industry sector of the two neighbouring countries in the use of available EU funds. The signing was held as part of the eighth International Fair of…

September the 28th, 2021 - The Croatian Modepack company has a lot to thank e-commerce for, which rose in popularity in Croatia during the coronavirus pandemic. Investments are on the cards as business excels for this Zagreb-based enterprise. As Poslovni Dnevnik/Darko Bicak writes, the likes of Amazon, H&M, Vans, Adidas, DHL, DPD, Loomis, and numerous European financial institutions as well as the diamond exchange in Antwerp (Antwerpen World Diamond Centre) are just some of the many users of courier and security packaging of the Croatian Modepack company. Although it has only been on the market for five years, Modepack is…

September 27, 2021 - An interesting candidate has entered the race to be the new President of Croatian Chamber of Economy - Dražen Oreščanin Executive Director of the Voice of Entrepreneurs Association (Glas Poduzetnika - UGP) The press release in full: THE EXECUTIVE DIRECTOR OF UGP IS READY TO ASSIST THE INSTITUTION THAT HAS BEEN IN CRISIS FOR YEARS Dražen Oreščanin is running for president of the Croatian Chamber of Commerce After the significant role he played in founding today's leading and most massive association of entrepreneurs with almost 18,000 volunteer members, Dražen Oreščanin has decided to make his experience…

September the 27th, 2021 - The excellent Croatian 2021 tourist season which few could have possibly expected to have gone so well back at the beginning of this year has left some producers wondering how they're going to prepare for next year already. Many Istrian cheese, oil and wine producers have been left with empty shelves and much fuller pockets at last. As Barbara Ban/Novac writes, this summer in Istria went like a dream, with the sort of numbers you'd expect to be recorded in global capitals. Reservations for the best restaurants were waited on for periods of ten days,…