Business

September the 25th, 2021 - Croatian startups are set to get further financial boosts as a new cycle of the Startup Factory programme headed by Zicer (the Zagreb Innovation Centre) begins. As Poslovni Dnevnik/Marija Crnjak writes, the Zagreb Innovation Centre (Zicer) has launched applications for a new cycle of the popular Startup Factory programme, in which development teams and young startups are distributed grants in the amount of 800,000 kuna, with intensive educational, mentoring, promotional and infrastructural support. As stated in the announcement made by Zicer, the Startup Factory programme accelerates the development of technology-oriented teams and startups from across…

September the 24th, 2021 - Three more Croatian companies have managed to obtain halal certificates which will open up more doors for them on the markets of Islamic countries, and as such increase their revenue. As Poslovni Dnevnik writes, to date, 160 such halal certificates have been issued, and 84 Croatian companies who currently have a halal certificate, of which 52 are food producers, 32 are engaged in services. One educational institution, the Matija Gubac Elementary School, as well as the first manufacturer of halal disinfectants, Genox, have halal certificates. After the introduction of the halal certificate, the export of…

ZAGREB, 23 Sept 2021 - The tourism and catering sector in Croatia grew in the period from 2004 to 2020 in almost all aspects, from income to the number of employees, but 2020 saw a decline due to the coronavirus pandemic, with businesses reporting a total net loss of HRK 3.4 billion. These are data from an analysis done by the Financial Agency (FINA), which also includes statistics about the number of businesses and employees, total income and expenditure, profits and losses, exports, etc. The number of businesses providing accommodation and preparing and serving food was the highest in 2020,…

September the 23rd, 2021 - A scandal involving a Croatian businessman and Turkey has caused international scandal and seen powerful politicians from both countries apparently discuss it. As RTL/Silvana Mendjusic writes, the construction of the first geothermal power plant in Ciglena near Bjelovar in a project worth more than 300 million kuna, and it was started together, and the Turkish investor, the majority owner, cut the ribbon in the company of Minister Tomislav Coric. Production at Geoen began, and huge sums of money and generous support began to flow into an account. Over a period of twelve years, they were supposed…

September the 23rd, 2021 - Knin has faced economic issues for a long time now, with many people leaving for either Zagreb, seasonal work on the coast or heading abroad. The Austrian company PicoPack could be set to turn things around for this inland Dalmatian town as it sets up local production. As Poslovni Dnevnik/Suzana Varosanec writes, an new opportunity is opening up Knin, known for its role during the Homeland War, to do better economically and become a European brand for polypropylene jumbo bags. These bags are applied in a wide variety of sectors, including the agriculture, petrochemical and…

ZAGREB, 22 Sept, 2021 - The main Zagreb Stock Exchange (ZSE) indices rose for the second consecutive day on Wednesday, the Crobex by 0.61% to 1,957 points, and the Crobex10 by 0.5% to 1,197 points, after dropping by more than 1% on Monday to their lowest levels since the end of July. With regard to sectoral indices, the industrial index increased the most, by 3.07%, and only the food index saw a decline, of 0.11%. Regular turnover was HRK 6.44 million, or about HRK 17 million less than on Monday. The only stock to cross the million kuna turnover mark…

ZAGREB, 22 Sept, 2021 - Prime Minister Andrej Plenković on Tuesday visited Zadar's most famous company, the Maraska beverage producer, accompanied by its new owner, Bosnian entrepreneur Svjetlan Stanić. The hosts informed the prime minister about the alcoholic beverage plant, where the extract of marasca cherry and walnut is stored in big barrels. Besides the Maraschino liqueur, Maraska is proud of the fact that it is one of the few companies producing the Orahovac liqueur in the old way, from green walnuts.  "I'm pleased to see that a centuries-long tradition has been preserved and that production will continue in future. I'm confident that with the production…

ZAGREB, 21 Sept, 2021 - The main Zagreb Stock Exchange (ZSE) indices rebounded on Tuesday, with the Crobex increasing by 0.31% to 1,945 points and the Crobex10 by 0.11% to 1,191 points. Turnover at the close of the trading session was HRK 23.6 million, about 5.1 million higher than on Monday. The highest turnover, of HRK 18.3 million, was generated by the Podravka food company, the most liquid stock in the last four days. Its price remained stable at HRK 600 per share. No other stock passed the turnover mark of one million kuna. A total of 36 stocks traded…

ZAGREB, 21 Sept, 2021 - The Croatian IT company - Span has sold 578,200 shares at a price of HRK 175 per share though a public offering , raising close to HRK 101.2 million, it was said in Zagreb on Tuesday, when the Zagreb Stock Exchange (ZSE) and Span signed an agreement on the listing of Span's shares on the ZSE Official Market. Span's shares were bought by more than 1,000 shareholders, and trading in them will start on 23 September. Marked SPAN-R-A, all of the company's 1,960,000 shares were listed on the Official Market. Span is the first domestic IT company…

ZAGREB, 21 Sept, 2021 - The volume of construction work in July 2021 was 6.5% higher than in July 2020, however it fell by 4.9% compared to June 2021, the State Bureau of Statistics (DZS) reported on Tuesday. July was the 14th month in a row for the volume of construction work to increase on the year. DZS data indicate that the volume of construction work done on buildings in July was 5.3% higher y-o-y whereas the volume of other structures increased by 8.1%. Compared to June the volume of construction work contracted by 6.2% on buildings and by 3% on…