Business

February 4, 2021 - Interview with Terence Tse from the Nexus FrontierTech, visiting professor at Cotrugli Business School, about the discussion he had with CroAI members Hajdi Cenan and Marijana Šarolić Robić. In your experience, what is happening with AI on the European level? For the past several years, the European Commission has been producing numerous policy documents with the single aim of promoting the development and deployment of artificial intelligence (AI) based on “European values and rules” among the member states. This initiative is undoubtedly and urgently needed as AI technologies are evolving at neck-breaking speed. Furthermore, the ramifications…

February the 4th, 2021 - Marko Velic has moved from Facebook, at which he has worked for he past two years, to Photomath. As Novac/Jozo Vrdoljak writes, The team of the world's most popular mathematical application (app) Photomath was recently made richer by the arrival of Marko Velic as the leader of the team for the development of artificial intelligence. Marko Velic has very extensive experience in the field of artificial intelligence (AI) and the application of machine learning. He has worked for the Facebook Machine Learning team in the British capital of London for the last two years, while before…

ZAGREB, 3 February 2021 - After her appointment as the new president of Podravka's management board, Martina Dalić told reporters that she envisaged this food company with even stronger market performance and higher exports, using new technology and boosting profitability and productiveness. The Podravka food manufacturer's Supervisory Board appointed Dalić as the new president of the management board and her term lasts until 23 February 2022. Dalić thanked the Board, which unanimously decided on her appointment, and shareholders for their trust, particularly the government as the largest single shareholder in this Kprivnica-based company. She also thanked Prime Minister Andrej Plenković for his support and trust. "Podravka…

ZAGREB, 3 February 2021 - Podravka's supervisory board on Wednesday appointed Martina Dalić, a former economy minister, as the president of the management board of that leading food maker in Croatia. The decision made by the supervisory board at its session today was published by the Zagreb Stock Exchange (ZSE). Dalić "has been appointed for the term that begins on February 4th 2021, and ends on February 23rd 2022," reads the statement. Dalić comes to the helm of the management board after the previous board president, Marin Pucar, died on 6 January in the Koprivnica hospital due to a serious disease. Answering questions from the…

February 3, 2021 – With heavy hearts, Rijeka's only electronic and underground music club Crkva announced its permanent closure today. It was a huge supporter of arts, culture, music and minorities for both the city and the region and will be greatly missed While independent business owners and entrepreneurs took to the main square of Zagreb in protest at the perceived inequality in Coronavirus measures and their enforcement, 160 kilometres away on the Kvarner coast, the ban on operations for catering and entertainment venues was forcing a very hard decision. Beloved Rijeka club Crkva today announced its permanent closure. The…

February 3, 2021 - On Wednesday at 10 am, a protest of entrepreneurs and caterers will be held at the main square in Zagreb. Voice of Entrepreneurs President Hrvoje Bujas and Executive Director Dražen Oreščanin on why you should attend the Zagreb protest.  The Voice of Entrepreneurs Association initiated the action. It was planned to warn of the inequality of epidemiological measures and insufficient economic measures for companies affected by the corona crisis. It gained an extra dimension after the repression of several entrepreneurs and caterers who opened their premises in protest on Monday, culminating in the detention of gym owner…

February the 3rd, 2021 - Radimir Cacic has stated that the ever louder desire to remove the need for membership fees paid to the Croatian Chamber of Commerce (HGK) are irresponsible, claiming that HGK needs reforms, but that it shouldn't be dismantled. Many who pay their fees would strongly disagree. As Poslovni Dnevnik writes, after a recent coalition meeting, Varazdin County Prefect Radimir Cacic gave a short statement to the media, more precisely to N1. "My position is that everyone had a chance - MOST, SDP, HSLS and HNS. Everyone has had the opportunity from 1991 until today,'' said Prefect…

February the 3rd, 2021 - Is former government minister Martina Dalic set to take the late Marin Pucar's place at the head of the much loved Croatian brand Podravka? It might well happen, as has been alleged from several well informed sources. As Poslovni Dnevnik writes, the pension funds and the Croatian Government have reached an alleged agreement that former Deputy Prime Minister Martina Dalic, who was previously deeply embroiled in the bizarre and seemingly endless Agrokor saga, will take over the management of the Croatian company Podravka. Vecernji list was the publication to initially find out this information from…

ZAGREB, 2 February, 2021 - The Franak association of former CHF loan holders said on Tuesday it was not clear what the government had given the banks to get them to withdraw from the arbitration cases before the International Centre for Settlement of Investment Disputes (ICSID) concerning the conversion of Swiss franc-denominated loans into euro loans. Marić told a press conference on Tuesday that an agreement had been reached with six banks that had sued Croatia before the ICSID in Washington over the conversion of CHF loans. He said that in this way the possible payment of HRK 2.5 billion…

ZAGREB, 2 February, 2021 - Finance Minister Zdravko Marić said on Tuesday an agreement had been reached with six banks on arbitration proceedings regarding the conversion of loans indexed to the Swiss franc, as a result of which the potential payment of at least HRK 2.5 billion from the state budget would be avoided. "I am glad to be able to confirm that an agreement has been reached with the six banks that have launched proceedings before the International Centre for Settlement of Investment Disputes (ICSID) in Washington and before domestic courts, as well as with those that at this point have not…