Business
Friday, 9 October 2020
U.S. to Introduce Tariffs on Aluminum Imports from 18 countries, Including Croatia
ZAGREB, October 9, 2020 - The United States is imposing new tariffs on $1.96 billion worth of aluminum sheet products from 18 countries, including Croatia, after determining that the goods were being dumped, according to U.S. Commerce Secretary Wilbur Ross. The tariffs were being immediately imposed on countries including Germany and Bahrain, even though the department's determination that there was dumping was preliminary, Ross told Fox Business Network, as carried by Reuters. Brazil, Croatia, Egypt, Greece, India, Indonesia, Italy, Oman, Romania, Serbia, Slovenia, South Africa, South Korea, Spain, Taiwan and Turkey were also affected, he said. Ross said the U.S. International Trade…
Friday, 9 October 2020
OTP Banka Strengthens Status of Leading Croatian Custodian Bank
October the 8th, 2020 - OTP banka has won the title of the best Croatian custodian bank once again, earning an enviably high rating from satisfied clients and no doubt boosting the bank's already high level of respect. When it comes to banks in Croatia, there are many options. For those who don't want a Croatian bank account for whatever reason now also have the option of companies like Revolut and Transferwise as opposed to having to use foreign accounts which incur additional charges for use abroad. OTP banka, however, has consistently earned high ratings among both regular clients and…
Thursday, 8 October 2020
Lower VAT Not Planned for 2021, Coronavirus Bailout Measures can be Extended
ZAGREB, Oct 8, 2020 - Labour and Pension System Minister Josip Aladrovic said on Thursday that a new round of lowering Value Added Tax was not planned for 2021, however, coronavirus bailout measures, which expire by the end of this year, could be extended. "When it comes to Value Added Tax, the fifth round of the tax reform will define the tax policy for the next year," he added while coming to Government House for a cabinet meeting. He explained that as far as he knew, the reduction of VAT rates was not on the agenda for 2021. Earlier in the day, representatives of…
Thursday, 8 October 2020
Neretva Fruit Growers Breathe Sigh of Relief as Third of Produce Has Buyer
As Novac writes on the 7th of October, 2020, ENNA Fruit, a new player in the Neretva Valley fruit and vegetable purchase market, created by the recapitalisation of Marinada, intends to buy about a third of the entire mandarin crop in the Neretva Valley this year, triggering a sigh of relief from the Neretva fruit growers. As the head of the purchase centre, Dragan Crnomarkovic, revealed, they plan to buy about 10,500 tonnes of mandarins. It is estimated that this year, the yield of the Neretva fruit growers is about 32,000 tonnes in total. This redemption centre started with a…
Thursday, 8 October 2020
Pevex Opens Another New Store and More New Employment Opportunities
As Novac writes on the 7th of October, 2020, Pevex (formerly Pevec) officially opened the doors of its new centre to customers on Wednesday at 07:00, kicking off business in a new location in Slavonski Brod. The new sales centre in Slavonski Brod employs a total of 48 employees who will help customers with Pevex's offer of more than 50,000 items from both Croatian and foreign suppliers. It's worth clarifying that Pevex has already operated in Slavonski Brod, but the new centre is in a more attractive location in Naselje Slavonija II No. 4 and it has additionally hired 5…
Wednesday, 7 October 2020
Croatian Hoteliers' Revenues Dropping 25-75%, Recovery Expected in 2 or More Years
ZAGREB, Oct 7, 2020 - Croatian hoteliers expect this year's revenues to drop 25-75% due to the COVID pandemic and half believe recovery will take two or more years, with holiday tourism expected to recover faster and convention tourism much slower, a director in the Horwath HTL consulting company says. Such findings come from the company's analysis of the so-called COVID year in which the pandemic has affected every industry around the world, notably tourism. Sinisa Topalovic says the forecasts for 2021 and the growth of the global GDP are somewhat encouraging, but that recovery by country will depend and be faster if they are industrially strong, while…
Wednesday, 7 October 2020
ZET Tram Terminal to Undergo Modernisation with LED Displays and More
As Poslovni Dnevnik writes on the 6th of October, 2020, after dark falls, no one at the ZET tram terminal at Mihaljevac wants to spend more time there than they have to. Due to poor lighting, the terminal is full of shady, dark corners, so passengers waiting for a tram or a bus tend to be grouped under lamps to somehow feel better. Even during the day, many will agree, this particular ZET tram terminal is a rather ugly space where it can be seen that the entire area is desperately crying out for renewal. Residents of Podsljeme were delighted…
Wednesday, 7 October 2020
OMCO Group: OMCO Croatia Takes Important Business Step
As Poslovni Dnevnik/Lucija Spiljak writes on the 6th of October, 2020, the Omco Group is a leading European company which is also one of the world's largest companies engaged in the production of tools for the production of glass packaging. In recent weeks, it successfully completed negotiations on the acquisition of its rival US company Ross International, and will take over its plants in Hungary and South Africa. Darko Ranogajec, the director of Omca Croatia, which covers 50% of the parent group's production, explained that they are now in the takeover phase, which will end in mid-October, followed by the…
Tuesday, 6 October 2020
2 to 12 Protest: Zagreb Caterers Closing for One Hour on Thursday
October 6, 2020 - Zagreb caterers will close for one hour on Thursday to continue the countdown warning of the difficult situation their businesses are in due to the coronavirus pandemic. HRTurizam reports that on Thursday, October 8, starting at 11:58 am, Zagreb caterers will suspend service in their catering facilities to warn of the difficult situation they are in due to the coronavirus pandemic and to encourage urgent action by responsible institutions to preserve jobs and prevent the collapse of the economy. This protest is named "2 to 12" and is continued by the Independent Association of Caterers (Zagreb)…
Sunday, 4 October 2020
Could Construction of Hotel Toplice in Krapinske Toplice Begin in Winter?
As Poslovni Dnevnik/Marija Crnjak writes on the 2nd of October, 2020, the bankruptcy of the management of the Krass Hotel and the closure of Hotel Toplice in Krapinske Toplice in this day and age could actually end up being a good way to accelerate the announced investment of Chinese investors who bought this hotel from ACM two years ago. So far no concrete progress with the announced investments in the modern 4 star Hotel Toplice has occurred. However, if the investors who paid 4.3 million euros for the facility back in 2018, having invested more in paperwork, don't start the…
Sunday, 4 October 2020
Croatian Motorways Goes Ahead With Zagreb-Sisak Road Completion
As Novac/Kresimir Zabec writes on the 2nd of October, 2020, back in June, Croatian Motorways (HAC) announced a preliminary consultation on the open public procurement procedure for the Novi Vinodolski bypass, and the announcement of the tender is still pending. There is also the 11 kilometres of the Zagreb-Sisak road to deal with. ''We're working on financing the construction of the Novi Vinodolski bypass with funds from the 'Competitiveness and Cohesion' EU Fund. If we succeed in that, with the funds we've earmarked for this project, we'd start the construction of the last part of the Zagreb-Sisak motorway,'' explained the President…
