Business

August the 15th, 2021 - Many Croatian enterprises are hoping for a slice of the European Defense Fund's proverbial cake, worth a massive 7.8 billion euros in total. As Poslovni Dnevnik/Darko Bicak writes, the European Defense Fund (EDF) has a huge 7.9 billion euros at its disposal, which will be distributed to companies from the military-industrial complex of the European Union, and Croatia, especially the Zagreb-based Dok-Ing, is counting on some serious sums. However, as almost all European funds have some specifics to them, EDF has the condition that companies from the smallest European Union countries, such as Croatian enterprises,…

August 14, 2021 - Meet Bots&Pots - the first restaurant in which the food will be prepared by robotic chefs is set to open in Zagreb soon.  At a yet undisclosed location in Zagreb, GammaChef, a robotic chef capable of preparing one-pot meals such as Dalmatian gregada, stews, risottos, or seafood pasta. The bot is continually learning new recipes with the help of a (human) professional chef. As Netokracija writes, every time a chef prepares a new dish for the first time using GammaChef, the robot creates a digital recipe with all the necessary data. The automated and patented process in the…

August the 14th, 2021 - The world of Croatian construction has been somewhat shocked by the final choice of Croatian entrepreneur Mate Rimac about who will construct his much talked about Rimac campus. As Poslovni Dnevnik/Suzana Varosanec writes, the construction of the first phase of the Rimac Campus project in Kerestinec by investor Mate Rimac, the total construction price of which stands at an alleged 200 million euros, was entrusted to Facies from Strmec, a construction company owned by Josip Mandic. As the sole founder of Facies, Mandic is also the company's director, while Josip's brother Marinko Mandic is the deputy…

August the 14th, 2021 - The Croatian Orljava factory in Pozega has been in operation for 75 years now. The well known textile factory will soon unfortunately have to close its doors forever. As Poslovni Dnevnik writes, after 75 years of business, the famous Croatian Orljava factory, is shutting down. At a recent gathering of the factory's employees, it was confirmed that most of the workers will need to find new jobs. The state, which owns the factory, hasn't reacted to the accumulation of debts and the deteriorating situation for years. It didn't even bother to secure the promised partner.…

August 12, 2021 - Yesterday a meeting was held in Opatija between associations linked to the tourism sector and government authorities. They spoke of the current situation of the catering industry, coffee bars in Croatia for example, and also of its precarious future if restrictions are imposed and financial support is not provided. The National Association of Caterers (NUU) also participated in the meeting of the tourism sector with representatives of the Government of the Republic of Croatia held in Opatija, reports HrTurizam. The importance of this meeting is shown by the fact that 21% of all companies in Croatia…

August 12, 2021 - Croatian author Igor Pavela who wrote the first Croatian scientific book on hospitality, is currently waiting for the book to be translated into English. TCN reporter Ivor Kruljac met up with Pavela to discuss both the book, but also the current situation in the Croatian hospitality sector. April 2021 saw the release of ''Excellence as a Standard in Hospitality Business'' (Izvrsnost kao standard u ugostiteljskom poslovanju), the first Croatian scientific book on hospitality in which author Igor Pavela explored what it takes to successfully run a business and ensure both an excellent offer and enjoyable atmosphere for the…

August the 11th, 2021 - An increasing number of Italy-headquartered companies want to start moving the production part of their business to the Republic of Croatia. Could this bring even closer economic ties between Italian companies and those from here in Croatia? It's likely. As Poslovni Dnevnik/Marija Brnic writes, for the third month in a row now, Italy has been very firmly in the position of the leading Croatian export market. Last year, during the country's lockdown in the face of the global coronavirus pandemic which was declared by Italy significantly earlier than other European countries, exports to that country…

August the 11th, 2021 - The Croatian economy is recovering slowly but surely from the heavy blow it was struck by as a result of the coronavirus pandemic. When looking at the monetary value on Croatian receipts and bills issued in the last week, we can see some more than encouraging numbers and percentages. As Poslovni Dnevnik/Jadranka Dozan writes, the value of Croatian receipts issued last week by all those enterprises in the fiscal system exceeded their amount in the comparable week last year by as much as a third, marking a significant step forward for the domestic economy in light…

ZAGREB, 9 Aug 2021 - In July 2021, producer prices of industrial products increased by 7.9% compared to July 2020, which is their highest increase since April 2011, show data from the Croatian Bureau of Statistics. Compared to June 2021, producer prices of industrial products were 1.3% up. The jump in producer prices was to a large extent due to energy prices as, without their contribution, the increase in producer prices was 0.4% compared to June, and 2.3% compared to July 2020. On the domestic market, producer prices increased by 1.5% compared to June, the highest monthly increase since December 2016, while…

August the 8th, 2021 - The number of Knin enterprises has increased by almost 30 percent in the last decade alone, which is excellent news for this otherwise often forgotten (at least economically) part of inland Dalmatia. As Poslovni Dnevnik/Darko Bicak writes, in the ten-year period from 2011 to 2020, the number of Knin enterprises has increased from 76 to 98, marking an increase of 28.9 percent, according to data from the Financial Agency (Fina) presented on the occasion of the recent Victory Day. This celebration is traditionally and historically associated with Knin, where every year on August the 5th, the…