Business

ZAGREB, 27 June, 2021 - In the first quarter of 2021, Croatia's fisheries exports went up 31% on the year to almost €94 million, with 17,700 tonnes of commodities exported, the Agriculture Ministry says. Bluefin tuna exports were record-high both in quantity and value terms. The value of first-sale went up by 3% and the average price of sea fisheries commodities by 20%. The quantity and value of aquaculture production continues to increase, surpassing €33 million in 2020, a 12% increase in value and a 3% increase in quantity. Surveys show that the growth and consumption of fisheries and aquaculture products in…

June the 26th, 2021 - The ongoing coronavirus pandemic hasn't aided Croatia's long-standing demographic crisis, and now facility openings are in question this summer as the Croatian tourism sector lacks as many as 5000 employees despite the easing of epidemiological measures. As Poslovni Dnevnik/Marija Crnjak writes, the Croatian tourism sector and its many companies are facing a huge problem of a lack of workers, which is why it is even questionable as to whether some facilities will bother to open their doors this season, primarily hotels. Every large tourist company is currently short of several hundred workers, as was unofficially learned.…

June the 26th, 2021 - It's well known that the waters can get murky in Croatia when it comes to construction, permits and concessions, and as many as 1574 Croatian facilities claim to boast ''private beaches''. As Morski writes, the very rightly raised voices in the public about one arrogant man from Drvenik Veli who sold the story to his guests from the Czech Republic that he has a private beach - still aren't subsiding. There can be no notion of a private beach in Croatia, so the nerve of those owners of various Croatian facilities claiming they boast one…

June the 25th, 2021 - The Croatian ferry Jadrolinija has added a ''young'' eighteen year old vessel to its fleet. The ferry company has previously been accused of never acquiring anything but old ships, and this one is quite youthful in comparison to some it boasts. As Poslovni Dnevnik/Marija Brnic writes, the largest national shipping company, Jadrolinija, is continuing o procure new but very much used ships - it has rejuvenated its fleet with the aforementioned ferry purchased from the local shipping company Rapska plovidba. It is a smaller ship, which will replace the ferry "Prizna", which is more than…

ZAGREB, 24 June 2021 - The main Zagreb Stock Exchange (ZSE) indices increased by 0.51% each on Thursday, the Crobex to 1,998.59 points and the Crobex10 to 1,226.58 points. Regular turnover was HRK 4.16 million or about HRK 850,000 more than on Wednesday. Another HRK 14.8 million was generated in block trading with the stock of the HT telecommunications company at HRK 185 per share. In the regular session, HT generated a turnover of HRK 282,000, and the price of its shares went up by 0.54% to HRK 185. In regular trading, the Valamar Riviera stock generated the highest turnover,…

June the 24th, 2021 - Yet another Croatian marina, this time Marina Tribunj in Sibenik-Knin County, has entered D-Marin's already very impressive international portfolio. As Poslovni Dnevnik/Marija Crnjak writes, the well known global marina network of the D-Marin Group is now richer for yet another beautiful Croatian marina - Marina Tribunj. It is the fourth destination in the Croatian cluster and the fifteenth location in D-Marina's growing portfolio of exclusive nautical destinations across the Mediterranean and the United Arab Emirates, the company reports. Marina Tribunj is located in the very heart of Dalmatia, between D-Marin Mandalina in nearby Sibenik and D-Marin…

ZAGREB, 23 June, 2021 - Despite the considerable setback dealt by the pandemic, Croatia has a rare opportunity in the next five years to restore its economy to health and to ramp up the public investments necessary for appreciably higher growth rates with the help of EU funds, an IMF mission says in a Concluding Statement. "Following a painful contraction of 8 percent in 2020, the economy looks set for growth between 5 and 6 percent in 2021 driven by a rebound in the services sector and investment - provided the pandemic does not provide further unwelcome surprises," the mission says the statement published on Wednesday after…

ZAGREB, 23 June, 2021 - The main Zagreb Stock Exchange (ZSE) indices went up on Wednesday, the Crobex by 0.37% to 1,988.49 points and the Crobex 10 by 0.05% to 1,220.39 points. Regular turnover amounted to just HRK 3.3 million or about HRK 400,000 less than on Monday. An additional HRK 29 million was generated in block trading with HT telecom's stock at HRK 185 per share. The HT telecom's stock also generated the highest turnover, of HRK 687,400, in the regular session, closing at HRK 184 per share. (€1 = HRK 7.493222) For more about business in Croatia, follow…

ZAGREB, 23 June, 2021 - Total household loans in Croatia reached HRK 137.5 billion at the end of April 2021, increasing by HRK 3.6 billion from April 2020, Raiffeisen Bank (RBA) said in its recent analysis of data provided by the Croatian National Bank (HNB). The annual nominal household loan growth rate was 2.7%, picking up from 1.6% in March 2021. The share of kuna-denominated loans in total loans was 55%, and the nominal amount of loans was affected by the euro-kuna exchange rate, which was 0.4% lower on an annual level and 0.1% lower on a monthly level. Compared…

June the 23rd, 2021 - To mark its sixtieth birthday, the well known Marina Punat is set to invest a very large sum into the company and cover a wide variety of fields with it. As Novac/Jozo Vrdoljak writes, the Marina Punat Group is largely, at least in terms of investment, preparing to provide the infrastructure necessary for the reception of more environmentally friendly ships that leave a smaller footprint in nature, as well as to raise the quality of service and offer guests of the marina and its hotels. ''We've invested in the construction of an e-charging station for…