Business
Thursday, 10 December 2020
Croatian Banks to be More Resilient to Financial Shocks in 2021
December the 10th, 2020 - The new law on the deposit insurance system will significantly strengthen Croatian banks and the Croatian banking system, the State Agency for Deposit Insurance and Bank Rehabilitation (DAB) said. As Poslovni Dnevnik wrires, as of January the 1st next year, a new law on the deposit insurance system and on the compulsory liquidation of credit institutions will enter into force. It was recently properly harmonised with European directives, which, among other things, will shorten the duration of bankruptcy proceedings of credit institutions and additionally protect citizens and depositors. Further reform This new law continues to further…
Wednesday, 9 December 2020
Croatia has Opportunity to Become Known for AI Technology in World, Conference Hears
ZAGREB, Dec 9, 2020 - The 20th edition of one of the most important IT conferences in the region, "WinDays", for the first time in a virtual setting, has attracted several hundred participants, and it has underscored that Croatia has a great chance of becoming recognizable in the world for artificial intelligence (AI). The WinDays conference is taking place December 7-9, and it covers various current technological topics and trends, including artificial intelligence, serverless technology, GDPR (General Data Protection Regulation), cognitive services, the Internet of things (IoT), and the fintech industry. It was said that IoT technology was in the…
Wednesday, 9 December 2020
Struggling Croatian Travel Agencies Seek Urgent State Support
December the 9th, 2020 - Croatian travel agencies are struggling in a way that has never been experienced before as a result of the economic woes caused by the ongoing coronavirus pandemic. As a result of that, they are urgently seeking state measures to help them keep their heads above water during this unprecedented and difficult time. As Novac/Jozo Vrdoljak writes, Croatian travel agencies that have actually managed to do something, engage in some work and as such finally make some money since September now don't have any income whatsoever. The Association of Croatian Travel Agencies is currently conducting a…
Tuesday, 8 December 2020
Travel Agencies Call for Urgent Government Support
ZAGREB, Dec 8, 2020 - Travel agencies are the most affected segment in the tourism and travel industry in Croatia and most of them have virtually had no business for months and in order to survive they need state support and are calling for urgent aid, the Association of Croatian Travel Agencies (UHPA) said on Tuesday. "Business operations and the survival of travel or tourism agencies is absolutely jeopardised and we have been saying that since the outbreak of the coronacrisis and that without state aid most agencies will not survive. Hence we are calling for certain measures specifically for agencies, similar to those adopted…
Tuesday, 8 December 2020
Signify Hrvatska: How Croatia Could Save Huge Sums Annually
December the 8th, 2020 - Signify Hrvatska, a leading Croatian lighting company which is known and respected internationally, has pointed out just how Croatia could save an enormous amount of money each and every year by making certain alterations. As Poslovni Dnevnik/PD VL writes, Signify Hrvatska, a leading lighting company, is also a leader in sustainable business. Martina Simic Baranovic, the CEO of Signify Hrvatska, has explained just how they, as an international company, can help customers create their own Green Plan, achieve considerable savings and make their way to doing much more sustainable business easier. In addition to having…
Tuesday, 8 December 2020
Significant Croatian Telecom Investment Increases Connectivity
December the 8th, 2020 - Croatian Telecom/Hrvatski Telekom (HT), the largest private investor in the digitalisation of the Republic of Croatia, has started implementing the most modern optical infrastructure in the area of the city of Porec and its suburbs, and this hefty Croatian Telecom investment is sure to please many. As Novac writes, this latest Croatian Telecom investment stands at an enormous 2.5 million kuna, and about 1,100 households in Porec's city centre will have the opportunity to enjoy gigabit speeds, and the realisation of this investment is planned to be completed in the first half of 2021. A…
Monday, 7 December 2020
Small Business Owners Demand Urgent Reforms
ZAGREB, Dec 7, 2020 - The Voice of Entrepreneurs association laid a wreath outside the Ministry of Economy and Sustainable Development on Monday, calling for "urgent and brave" reforms and the replacement of Minister Tomislav Coric. Cars and buses briefly blocked the traffic in the street in front of the Ministry as protesters lit lanterns and laid wreaths and flowers at the entrance to "pay their last respects" to small and medium-sized businesses hit by the partial lockdown imposed as part of government efforts to curb the spread of the coronavirus pandemic. They once again appealed to the prime minister to fire "the…
Monday, 7 December 2020
New Round of Croatian Economic Measures Offers Further Relief
December the 7th, 2020 - The latest anti-epidemic restrictions introduced by the National Civil Protection Headquarters have dealt another unwelcome blow to the economy, with certain sectors being hit harder than others. The government has, as such, made some alterations to this new round of Croatian economic measures. As Poslovni Dnevnik/Marija Brnic writes, Croatian enterprises who use the measures to preserve jobs within their companies during this difficult economic period will be able to apply for new criteria as of this Friday. The new options are in line with last week's decision taken by the Croatian Government to expand the…
Friday, 4 December 2020
Founders of Croatian IT Companies Nanobit and Infobip Win Businessmen of Year Award
December 4, 2020 – Founders of Croatian IT companies Nanobit and Infobip are this year's best businessmen in Croatia. According to the choice of the Večernji list and Poslovni dnevnik readers, the businessmen of the year are Silvio and Roberto Kutić and Izabel Jelenić from Infobip, while according to the choice of the expert jury, this award goes to the founders of Nanobit Alan Sumina and Zoran Vučinić. As Večernji.hr reports, the fifth selection for "Businessman and Economic Event of the Year" was held today, for the first time in the online edition. The winners were chosen by the readers…
Friday, 4 December 2020
Less Comprehensive Documentation Required for Croatian COVID Loans
December the 4th, 2020 - The amount of comprehensive documentation and other paperwork needed to be handed in and inspected in order for those applying to be granted new Croatian COVID loans under the most recently introduced measures has been reduced. As Novac/Marina Klepo writes, among the new measures introduced to help the economy presented by the Government over recent days is a new package of Croatian COVID loans in the amount of 1.3 billion kuna, prepared in cooperation with the Hamag-Bicro agency. When asked where the funds will come from, the Minister of Finance Zdravko Maric said that the…
Friday, 4 December 2020
Fear of Uncontrolled Coronavirus Spread Forces Some Brodosplit Workers Home
December the 4th 2020 - The very real fear of spiralling and uncontrolled coronavirus spread has seen the well known Croatian shipyard send some of its employees home. Some Brodosplit workers are now no longer on site. As Morski writes, the Split-based shipyard Brodosplit published a notice on the measure for the additional protection of Brodosplit workers from the potential exponential spread of the novel coronavirus, SARS-CoV-2, has been published on its website. "Given the increase in new cases in Split and Split-Dalmatia County, there is a real danger that the new coronavirus virus will start spreading uncontrollably, in which…
