Business

ZAGREB, 26 Aug 2021 - The Croatian government on Thursday approved the launch of the proceedings for concluding a double taxation avoidance treaty with Egypt. The agreement is expected to bring about income tax facilities and encourage investments. The treaty will pave the way for boosting the trade between the two countries and help them to fight tax evasion, Finance Minister Zdravo Marić told the Plenković cabinet in Zagreb. For more about business in Croatia, follow TCN's dedicated page.

August 26, 2021 - Dutch entrepreneur Jan de Jong, who lives and works in Croatia, has announced a four-day workweek for Webpower Adria employees from September, without reducing their salaries. Jan de Jong announced the news on his LinkedIn profile yesterday.  "Webpower Adria just gave all of its employees a raise of 20%. No, not in money, but in free time. We are introducing a 4 day work week - for the same salary! ??In addition to that - whether my colleagues will be working from home or from the office will be entirely their own decision. ??We are all individuals, with…

ZAGREB, 26 Aug 2021 - The volume of construction work carried out in Croatia in June 2021 rose 11.3% compared with June 2020, and it went up 2.1% as against May 2021, according to data provided by the National Bureau of Statistics (DZS) on Thursday. June was the 13th consecutive month to see the rise in the volume of construction work on an annual level. Year on year, the volume of construction work to buildings increased by 11.6% and the volume of construction work to other structures grew by 10.8%. Month on month, the volume of construction work to buildings rose by 3.4%, while…

ZAGREB, 25 Aug, 2021 - After rising for two days the main Zagreb Stock Exchange indices fell on Wednesday, with investors focusing on the Turisthotel stock.  The Crobex dropped by 0.14% to 1,958.40 points while the Crobex10 fell by 0.16% to 1,201.56 points.  Regular turnover amounted to HRK 6.2 million or about 900,000 less than on Tuesday. The only stock to cross the million kuna mark was Turisthotel with a turnover of HRK 2.5 million. The price of its shares jumped by 2.98% to HRK 3,460. Thirty-six stocks traded today, with 14 increasing in price and 13 decreasing, while 9 remained stable. (€1 = HRK 7.491423) For more about…

ZAGREB, 25 Aug, 2021 - Overnight stay numbers so far this year show that they have reached 74% of tourist nights in the corresponding period of 2019, whereas the value of the fiscalised receipts indicates even a better performance of the tourist sector, Minister Nikolina Brnjac has told Hina. The year-to-date value of the fiscalised receipts in tourism-related economic activities has reached 79% of those receipts in 2019. The minister admits that it is still too early to forecast the fiscal effects of this year's tourism season. The comprehensive report on the revenues from the tourist trade can be expected upon the…

ZAGREB, 24 Aug, 2021 - The main Zagreb Stock Exchange (ZSE) indices increased on Tuesday for the second day in a row amid a total turnover of HRK 12.6 million with HRK 5.5 million via a block transaction of the Atlantic Group's stock and trading of Adris Group's preferred shares. The Crobex increased by 0.35% to 1,961.18 points while the Crobex10 closed at 1,203.43 points, up 0.13%. The transport sector index recorded the greatest increase of 1.29% on Tuesday among sector indices, while the construction sector index fell by 3.14%. Regular turnover amounted to HRK 7.1 million, about 1.1 million less than…

ZAGREB, 24 Aug, 2021 - The average net pay in legal entities in Zagreb in May 2021 amounted to HRK 8,249 (€1,099), which is a nominal increase of 7.3% compared to May 2020, show data from the Zagreb City Department for Strategic Planning and Development. Compared with the national average, which amounted to HRK 7,104, the average net monthly pay in Zagreb was HRK 1,145 higher. The highest average net wage in legal entities was paid in crude petroleum and natural gas extraction, amounting to HRK 13,408. The lowest wage was paid in clothing manufacturing, in the amount of HRK…

August the 24th, 2021 - The PlanRadar platform is one step closer to solving the issue of endless amounts of paper and pens on Croatian construction sites, bringing it all onto a screen and as such, into one place. As Poslovni Dnevnik writes, Bojan Petkovic, the director of PlanRadar for Croatia, Slovenia and Serbia stated that ''we're one step closer to abandoning large and inconspicuous paper reports and the complete digitalisation of work on construction sites, especially in the area of ​​data exchange and processing.'' That's how Petkovic described the new opportunity that this Croatian-Austrian startup offers to the users of…

August the 24th, 2021 - One very young and very promising Zagreb entrepreneur has caught the eye of no less than the Croatian company Prostorija, all because of one very special product of his. As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, Leo Greguric from Zagreb's story first came to light in the Croatian media space one year ago, who then, after completing the third grade of high school, had been running the 3DGlobe company for 3D technologies for a couple of years. Since then, he has graduated from the popular MIOC and enrolled at the Faculty of Electrical Engineering and Computing,…

August the 22nd, 2021 - Bad news for the well known Galic Winery, which now must return a massive 10 million kuna from the Wine Envelope which was allocated to it. As Poslovni Dnevnik writes, the Galic Winery, owned by entrepreneur Josip Galic from Kutjevo, must return 10 million kuna from the Wine Envelope allocated to it through the European Agricultural Guarantee Fund for the construction of a new winery building in Kutjevo which was worth seven million euros. The Agency for Payments in Agriculture, Fisheries and Rural Development, based on the recommendation of the European Anti-Fraud Office (OLAF), recently…