Business
Friday, 9 July 2021
Number of Industrial Workers in Croatia in May Down 0.4% YOY
ZAGREB, 9 July 2021- The number of industrial workers in Croatia in May 2021 was 0.1% lower than in April 2021 and 0.4% lower than in May 2020, according to the data provided by the National Bureau of Statistics (DZS). Month on month, the largest decreases were recorded in the manufacture of machinery and equipment (-1.7%) and manufacture of tobacco products (-1.7%), while the largest increase was observed in the manufacture of beverages (+2.8%). Year on year, the largest decreases were recorded in mining support services (-28.6%), the manufacture of refined petroleum products (-23.3%), the manufacture of other means of transport (-13.5%) and…
Friday, 9 July 2021
Which Sectors Relied Most Heavily on Croatian Job Preservation Measures?
July the 9th, 2021 - Croatian job preservation measures which were introduced last year as an attempt to fight the dire economic consequences of lockdowns were a Godsend for many companies who would have gone under otherwise. Who made the most use of them? As Poslovni Dnevnik/Suzana Varosanec writes, according to announcements from the Government, job preservation measures are set to undergo some quite significant changes. On the one hand, the announced changes, starting with the measures for July, are related to the current modality of approving them exclusively to enterprises from certain industries, but the question is which ones,…
Friday, 9 July 2021
Porsche Controls 58.2% of Rimac Company Following Spectacular Bugatti Deal
July the 9th, 2021 - The incredible Mate Rimac Bugatti deal has blown the myths about not being able to succeed in Croatia straight out of the water. If he hadn't managed to convince you of that before, which is difficult to believe, he certainly has now. This remarkable Croatian entrepreneur's dogged determination is tireless, and Porsche has become even more deeply involved in the Rimac company. As Poslovni Dnevnik/Ana Blaskovic writes, drowning in the proverbial Croatian sea of gloomy news about the failure of the vaccination rollout amid the pandemic and a new wave of mutated coronavirus posing a potential…
Thursday, 8 July 2021
Croatian Surf n Fries Opening in New European Locations: Croatia and UK
July the 8th, 2021 - The Croatian Surf n Fries company, which has since expanded to numerous locations across the Republic of Croatia, Europe and the rest of the world, is set to open its doors in more locations across the country and in the United Kingdom. As Poslovni Dnevnik/Marija Crnjak writes, although a good part of the total of 54 locations in the world where the Croatian Surf n Fries fast food chain franchises operate couldn't even be opened due to the measures put in place owing to the pandemic, Andrija Colak's project has far from gone stagnant. In…
Thursday, 8 July 2021
International Media Praise Historic Mate Rimac Bugatti Deal
July the 8th, 2021 - The amazing Mate Rimac Bugatti deal which has dominated the Croatian media space since its announcement has earned showers of praise from across the world as this remarkable Croatian entrepreneur continues to make automotive history. As Poslovni Dnevnik writes, the incredible news of the Mate Rimac Bugatti deal has reached the eyes and eyes of the world's media and attracted even more recognition for this Livno-born entrepreneur who is schooling the government in how investments are attracted, following a huge cash injection from no less than Porsche. CNN states that the Volkswagen Group and Porsche have…
Wednesday, 7 July 2021
Zagreb Stock Exchange Indices Snap Seven-Day Losing Streak
ZAGREB, 7 July, 2021 - The Zagreb Stock Exchange (ZSE) Crobex and Crobex10 indices rebounded by 0.45% to 1,969 points and by 0.36% to 1,214 points respectively on Wednesday, thus snapping their seven-day losing streak. Today's turnover was a modest three million kuna. None of the stocks passed the one million kuna mark. In terms of the volume of trading, the best performer was the HT telecom, 777,000, with its price rise of 1.06% to HRK 190.5 per share. A total of 33 stocks traded today, with 17 of them registering price increases, six recording price decreases and 10 remaining stable in price. (€1 =…
Wednesday, 7 July 2021
Croatia's Industrial Stockpiles Up Month-On-Month And Year-On-Year
ZAGREB, 7 July, 2021 - Croatia's stockpiles of finished industrial goods in May 2021 were 0.5% higher than in the previous month and 2.5% higher than in May 2020, according to data from the National Bureau of Statistics (DZS). Broken down by main industrial groupings, compared with April 2021, stockpiles of durable consumer goods increased the most, by 7.1%. Stockpiles of energy rose by 2.9% and those of intermediate goods and non-durable consumer goods increased by 0.2%. At the same time, stockpiles of capital goods fell by 2.3%. Compared with May 2020, stockpiles of energy increased by 41% and those of…
Wednesday, 7 July 2021
Very Slow but Sure Recovery for Croatian Private Accommodation Sector
July the 7th, 2021 - The Croatian private accommodation sector is slowly but surely recovering from the horrific blow the ongoing coronavirus pandemic and the travel restrictions dealt it. That being said, there's an extremely long way to go yet. As Poslovni Dnevnik/Jadranka Dozan writes, among the many economic indicators that signal a solid pace of economic recovery, the most recent picture is provided by the weekly updates of fiscalisation data. The latest data from the Tax Administration claims that last week, the value of receipts issued across all activities within the fiscalisation system stood at 19 percent higher than…
Tuesday, 6 July 2021
Zagreb Stock Exchange Indices Down For Seventh Consecutive Day
ZAGREB, 6 July, 2021 - The main Zagreb Stock Exchange (ZSE) indices finished in negative territory on Tuesday for the seventh consecutive trading day, with a considerably higher turnover than in the previous days. The Crobex shed 0.35% to end the day at 1,960 points, while the Crobex10 shrank by 0.39% to 1,210 points. Turnover at the close of the trading session was HRK 9.8 million, which is 6.3 million higher than on Monday. The highest turnover, of HRK 4.78 million, was generated by the Končar Electrical Industry stock. Its price remained stable at HRK 750. The only other stock…
Tuesday, 6 July 2021
Croatian Hospitality Sector Says New Measures Will Destroy Them
July the 6th, 2021 - The Croatian hospitality sector is once again set to face the brunt of the epidemiological measures, stating that this will destroy them and that they may as well close their doors now. As Poslovni Dnevnik writes, in addition to working only part-time, they are now no longer allowed to serve customers inside the bars and the current Croatian epidemiological measures have halved the number of tables they have available. As of July the 1st, facilities operating within the scope of the Croatian hospitality sector, such as cafes and cars, are not allowed to serve anyone who…
Monday, 5 July 2021
Huge News: Bugatti becomes Bugatti Rimac with Headquarters in Croatia!
July 5, 2021 - Mate Rimac's company Rimac Automobili has become the majority owner of Bugatti, and Rimac Automobili becomes Rimac Group divided into two companies - Bugatti Rimac and Rimac Technology. This was announced this afternoon by Rimac Automobili. This confirmed the speculations that Rimac would take over Bugatti, a famous company known for super-luxury cars, reports Index.hr. Mate Rimac accompanied the announcement of this news on Facebook with a photo showing Nevera, Bugatti, and Porsche on the runway. More information about this great event will be announced tonight in Dubrovnik. In addition, speeches by Mate Rimac, founder and CEO…
