Business
Thursday, 27 May 2021
Comping to Expand Business With Acquisition of Megatrend
ZAGREB, 27 May 2021 - Comping, a leading Croatian IT company, has taken over Megatrend Business Solutions, to expand its business concerning high technological solutions, Comping's management board director Alojzije Jukić told a news conference in Zagreb on Thursday. Both sides said that they were happy with the transaction, however, they stopped short of revealing the value of the transaction. "The acquisition of the majority of Megatrend Business Solutions (about 90%) will help us to additionally strengthen our market position, particularly in the data center area, business analytics infrastructure. In that regard, we plan a data center in Buzin where we will invest about €2 million…
Thursday, 27 May 2021
Summer Business School: A Chance for Entrepreneurs at Step-Ri Science-Technology Park
May 27, 2021 - This June, a five-day Summer Business School organized by Step-Ri Science-Technology Park and the American Embassy in Croatia makes Rijeka the place for entrepreneurs. Science parks, research parks or technology parks or less intriguingly known as innovation centers, are a purpose-built cluster of office spaces, labs, workrooms, and meeting areas designed to support research and development in science and tech, says Bidwells, one of the UK's most reputable property consultancy companies. Common infrastructures worldwide and in Europe, the biggest city in Kvarner, Rijeka, is no exception in having one. Step-Ri is a science-technology park, part of the…
Thursday, 27 May 2021
Glovo to Purchase Popular Croatian Food Delivery Service Pauza.hr
May the 27th, 2021 - Glovo is set to purchase the wildly popular Croatian food delivery service Pauza.hr, adding that they also plan for more acquisitions and further expansion across Croatia's immediate region. As Novac writes, Glovo, a leading delivery platform for various product categories, recently announced a series of separate acquisition agreements with Delivery Hero Group, one of the world's leading delivery platforms, which will acquire some of their companies in Central and Eastern Europe (CEE), including one Croatian food delivery service - Pauza.hr. The transaction is expected to be concluded in full over the next few weeks, depending on…
Thursday, 27 May 2021
"New Generation of the EU and Croatian Path to Recovery" Hybrid Conference Held in Zagreb
May 27, 2021 - An introductory hybrid conference called "New Generation of the EU and Croatian Path to Recovery" was held on the Croatian Employers' Association premises. The National Recovery and Resilience Plan with EU funds is expected to be a real lever for growth, recovery, and resilience to future crises. Under the auspices of the Ministry of Regional Development and European Union Funds and with the support of the Ministry of European and Foreign Affairs and the Italian Embassy in Zagreb, the Italian-Croatian Chamber of Commerce and Forca Digital Agency, in cooperation with PwC Croatia, organized an introductory hybrid conference at…
Wednesday, 26 May 2021
Indices End Day in Different Directions
ZAGREB, 26 May, 2021 - The main Zagreb Stock Exchange indices ended the day in different directions on Wednesday, with investors focusing on the preferred shares of the Adris tourism and insurance group and the Valamar Riviera hotel group. The Crobex fell for the fourth day running and dropped by 0.16% to 1,932.26 points. After falling for two days, the Crobex10 picked up and ended the day at 1,197.56 points, increasing by 0.20%. Regular turnover amounted to HRK 8.85 million or about 450,000 more than on Tuesday. The most liquid stock was the Adris Group with a turnover of HRK 3.2 million…
Wednesday, 26 May 2021
Volume of Construction Work in March Up 16% Year-Over-Year
ZAGREB, 26 May, 2021 - The volume of construction work in March 2021 was 16% higher than in March 2020, while compared to the previous month, it dropped by 0.4%, show preliminary data from the Croatian Bureau of Statistics. March was the tenth consecutive month with a year-on-year increase in the volume of construction work. The volume of construction work on buildings in March this year was 16.5% up from March 2020 while the volume of work on other structures rose 15.3%. Compared to February 2021, construction work on buildings in March was up 0.5% and on other structures it…
Wednesday, 26 May 2021
Infobip Startup Tribe Another Positive Move from Vodnjan Company
May the 26th, 2021 - The Vodnjan company Infobip, which has been in the news for all the right reasons more or less since its very creation, has created the Infobip Startup Tribe. The move marks yet another positive step forward for this remarkable Croatian company. As Poslovni Dnevnik writes, this Vodnjan company's new Infobip Startup Tribe is the name of the newly established programme aimed at finding and gathering the most innovative Croatian and global startups, and accelerating and monitoring their growth and development. Under the programme, eligible startups can apply for amounts ranging from 10,000 US dollars to…
Tuesday, 25 May 2021
Zagreb Stock Exchange Crobex Indices Fall
ZAGREB, 25 May, 2021 - The Zagreb Stock Exchange (ZSE) Crobex dropped 0.27% to 1,935.39 points and the Crobex10 fell by 0.40% to 1,195.19 points on Tuesday. Today's turnover totalled HRK 8.4 million, or HRK 900,000 more than on Monday. In terms of the volume of trading, the best performer was the HT telecom company (1.4 million), and its share price rose 0.54% to HRK 185. The preferred shares of the Adris Group turned over 1.3 million, and their price slid 1.20% to HRK 412. The Valamar Riviera stock turned over 1.1 million, and its share price increased 1.36% to…
Monday, 24 May 2021
Indices Close in Red
May 24, 2021 - The main Zagreb Stock Exchange indices ended the day in the red and the only stock to cross the million kuna mark was that of the Dalekovod transmission line producer. The Crobex fell by 0.15% to 1,940.65 points. The Crobex10 decreased by 0.08% below the psychological threshold of 1,200 points, closing at 1,199.98 points. Regular turnover amounted to HRK 7.5 million or about 1.7 million more than on Friday. The only stock to cross the million kuna mark was the Dalekovod transmission line producer. The price of its shares continued to fall drastically today, plunging by 33.33%…
Monday, 24 May 2021
New Rimac Project in Zagreb: Park, Square, and Robotaxis?
May 24, 2021 - A new Rimac project in Zagreb envisions a mobility center, self-driving taxis, a town square, and a park right on the Sava. The founder of Rimac Automobili is taking the first step towards realizing a 3.4 billion kuna project to develop and establish a network of electric self-driving taxis in Zagreb, reports Index.hr. In 2024, Zagreb will become one of the first cities in the world where a robotaxi service will be available - the use of self-driving, electric taxis via an application. Sounds crazy, right? If we trust the entrepreneur Mate Rimac, it will soon…
Sunday, 23 May 2021
FinMin Says it's Very Good Fitch has Left Croatia in Investment Zone
ZAGREB, 23 May, 2021 - Finance Minister Zdravko Marić said on Sunday it was very good for Croatia that Fitch had affirmed its investment rating. Fitch Ratings on Friday affirmed Croatia's rating at 'BBB-', with a stable outlook, highlighting big short-term risks related to the pandemic as well as the medium-term outlook for economic growth thanks to the EU's financial support. Fitch also upgraded the projection for Croatia's economic growth in 2021 from 3.8% to 5.5%, forecasting GDP growth to accelerate to 6.1% in 2022. "That's very good news, that according to the Fitch credit agency too Croatia's credit rating continues to be in the…
