Business

March 29, 2021 - M+ Group (Meritus ulaganja d.d.) is the Challenger Provider of the Year by the Global Sourcing Alliance (GSA). The Croatian BPTO company thus stood by the side of other laureates; successful international companies winning technology awards (NNT), automation (Royal Mail Group), excellence (Bank of Ireland), and digitization (Volkswagen Group UK). Prizes were awarded at the global virtual ceremony. "The recognition given to us by the leading association of the industry is further proof of our successful business strategy, in which we focused on providing services to global clients based in the most developed countries of Europe…

March the 29th, 2021 - When it comes to differences between the Croatian mainland and its many inhabited islands, one could write a book. From unreliable ferry connections disappointing island residents to a lack of proper infrastructure, the list is long. However, the Novalja business incubator, the very first one on a Croatian island, is now open, marking a significant shift when it comes to island life. Novalja has always been known for tourism and strong bura winds. In pre-pandemic times, Pag as an island was visited by countless tourists on an annual basis. Lovers of partying and of this…

ZAGREB, 28 March 2021 - The framework program for research and innovation Horizon Europe for the period from 2021 to 2027, worth €95.5 billion, was presented at a video conference at the Science and Education Ministry last Tuesday. Horizon Europe is the leading EU program for research and innovation that will provide support in creating and expanding new high-quality knowledge and technologies, strengthening the impact of research and innovation on developing and supporting innovative solutions in industries and society for the sake of dealing with global challenges. All types of innovation will be promoted, including revolutionary innovations, the introduction of…

March the 28th, 2021 - The Croatian Q Agency is planning on employing a significant number of people despite the continued economic woes caused by the ongoing coronavirus pandemic. As Poslovni Dnevnik writes, quite a lot of positive news has been flowing out of the Croatian IT sector lately, and some of that news comes directly from the Croatian Q agency, which has recently announced that it plans to increase its team by about 100 new experts in the coming year, which will increase the number of employees by over 50 percent. The Zagreb-based Q agency has otherwise invested heavily…

March the 27th, 2021 - The main man of the Croatian Chamber of Commerce (HGK), Luka Burilovic, has stated his desire to have Croatian exporters seen as priority when it comes to getting vaccinated against the novel coronavirus. As Poslovni Dnevnik writes, highly positioned people from the Croatian Chamber of Commerce (HGK), the Croatian Chamber of Trades and Crafts (HOK) and Croatian Exporters (HIZ) have asked the National Civil Protection Headquarters to put enterprises and their employees, such as Croatian exporters, engaged in international business on the priority vaccination list. It is increasingly certain, as they pointed out in their…

March the 27th, 2021 - Croatian bus company business is already under a lot of strain due to the ongoing coronavirus pandemic and generally less demand, but without a contract on public services, operations will only become more problematic. As Poslovni Dnevnik/Darko Bicak writes, although the Law on Road Transport, which is known to the public for its current regulation of the taxi market, also regulated the market of bus carriers operating within public intercity transport. However, at least to date, this particular regulation pertaining to Croatian bus company business operations hasn't been implemented in practice. Namely, as was warned…

March the 27th, 2021 - Croatian businesses are set to get another very welcome cash injection of 200 million euros, but for the first time in the pandemic, HBOR will be the one which also needs to fulfill certain requirements. As Poslovni Dnevnik/Marija Brnic writes, another 200 million euros will be available to Croatian businesses for favourable loans to provide liquidity in these continued difficult business conditions due to the coronavirus pandemic, which the Croatian Bank for Reconstruction and Development (HBOR) will receive through a loan from the International Bank for Reconstruction and Development (IBRD). At a recently held session,…

ZAGREB, 26 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices closed mixed on Friday, amid modest trading. After falling for two days, the Crobex index rebounded slightly, rising by 0.09% to 1,848.06 points. The Crobex10, on the other hand, finished in the red for the third trading day, decreasing by 0.06% to 1,154.63 points. Turnover at the close of the trading session was HRK 5.97 million, roughly the same as on Thursday. The bulk of the turnover was generated by the stock of the Podravka food company, turning over HRK 3.4 million. The price of its share closed down…

ZAGREB, 26 March, 2021 - The A1 Hrvatska telecommunications company said on Friday that no agreement had been reached with the United Media Group on the distribution of the N1 TV channel, and that as of 29 March the channel would no longer be available on their TV platform. The company said it was ready to pay a much higher distribution price than justified for a longer period, but the United Media Group had set an additional condition and asked for a six-month contract only, despite the fact that the contract had usually been a three-year one. "A1 Hrvatska cannot…

March the 26th, 2021 - Sveta Nedelja Mayor Dario Zurovec has spoken out in more detail about the enormous investment tied to Mate Rimac's name. As Poslovni Dnevnik/Marija Brnic writes, Mate Rimac, as expected, was the only one to submit a binding offer to Sveta Nedelja for the establishment of building rights in a field in Kerestinec, in the area near the old Erdödy Castle, which proved to be an ideal location for his upcoming Rimac campus construction project. The tender, which closed very recently, envisions the conclusion of a 69-year-long contract, with an annual rent of 199,000 square metres at…