Business

As Novac/Bernard Ivezic writes on the 15th of September, 2020, online shopping in Croatia has experienced a boom ever since lockdown, and the sale of fresh food over the Internet in the first half of this year jumped by as much as seven times, while the total online store 'capacities' in Croatia increased by 13.9 percent, the Central Bureau of Statistics (CBS) announced. Individually, Konzum within the Fortenova Group (formerly Agrokor) benefited the most. Konzum is a classic retailer who was among the first to create an online store through which it offered the purchase and delivery of fresh food,…

As Poslovni Dnevnik/Darko Bicak writes on the 15th of September, 2020, the Croatian IT industry reports daily on its global successes, and the latest example is the Croatian company Neos, which is among the top six FinOps Certified Providers in the world. FinOps methodology brings a shift in understanding costs in the cloud and making informed business decisions and thus increases the business value of the cloud. Companies that use FinOps guidelines and best practices can achieve the best value for every dollar spent in the cloud. As Neos explained, FinOps Certified Service Provider (FCSP) is a pre-qualified line of…

ZAGREB, Sept 15, 2020  - Croatia and Malta are the two EU countries that saw the weakest growth of hourly labor costs in the second quarter of this year, many times lower than the EU average, which was supported by a strong increase in wage costs, shows a report from the EU's statistical office Eurostat. In the EU27, working day-adjusted hourly labor costs grew by 4.1% in Q2 compared to the same period of last year. In Q4 2019, they grew by 3.9%. In the euro area, hourly labor costs in Q2 grew by 4.2%, after a 3.7% increase in the…

As Poslovni Dnevnik writes on the 14th of September, 2020, the popular Croatian Njuskalo platform has gone one step further in the application of artificial intelligence (AI) when designing the most efficient solution for its users, offering them a unique solution for submitting ads through the Njuskalo application (app). With the help of the AI ​​model, the Njuskalo platform camera predicts the average price of an item and immediately places it in the correct category. Submitting ads through the Njuskalo platform's mobile app has never been easier, nor has it ever been quite as sophisticated. After integrating photo recognition, an in-app…

As Tomislav Pili/Poslovni Dnevnik writes on the 13th of September, 2020, well-known Karlovac entrepreneurs Marko Vukovic and Ivan Zabcic have officially taken over all shares of Karlovac bank, and financial experts believe that their motive is probably down to local patriotism and the desire to diversify their business portfolio, given the marginal profitability of small banks in the Croatian banking system. Vukovic and Zabcic are better known to the public as the owners of the weapons manufacturer HS Produkt, and the duo now hold a majority stake of 75 percent at Karlovac bank. They acquired the Karlovac bank shares during…

As Darko Bicak/Poslovni Dnevnik writes on the 13th of September, 2020, the announcement of the closure of the British American Tobacco (BAT) factory in Kanfanar and the departure of the aforementioned company from Croatia could harm as many as 400 Croatian producers. BAT's decision to shut up shop has been surrounded by many rumours. The closure comes due to, as has been speculated, unfavourable business conditions, primarily the excise policy, and the absence of government moves promised by Prime Minister Andrej Plenkovic after a meeting with the company's management back in late June. The consequences of the company's departure and…

ZAGREB, September 13, 2020 - The drop in prices caused by the coronavirus crisis adversely affects meat production in Croatia, according to an analysis of the Smarter consulting firm specialised in agriculture and the food industry. The analysis, released recently by Smarter, warns that the price of a side of pork dropped by 14.7% on the year in the EU while in Croatia it fell by 6.2%, which means that the price of pork on the domestic market was 7% higher compared to the average price in the EU. However, this means that domestic farmers cannot compete with the prices of…

ZAGREB, September 13, 2020 - The National Competence Centres in the Framework of EuroHPC (EuroCC) project started on September 1, and as part of it the Croatian national high-performance computing competence centre will be established, the Srce University Computing Centre has said. The goal of the project is to establish a network of national HPC competence centres in 33 member states of the European High-Performance Computing Joint Undertaking (EuroHPC JU), Srce said. The entire project is worth €56 million, and the Croatian part of the project in the next two years is worth €800,000. During the project, a consortium of…

There will be no new economic closures because the domestic economy couldn't survive another ‘lockdown’, and funds and positive expectations that will not reduce consumption could play a key role in getting out of the crisis faster, these were some of the key messages expressed by Croatian exporters at a recent convention held in Zagreb. As Poslovni Dnevnik/Ana Blaskovic writes on the 12th of September, 2020, half a year after the outbreak of the coronavirus pandemic, Croatian exporters, policy makers and experts are becoming cautiously more optimistic about the future of the domestic economy, believing that the worst is over…

As Novac writes on the 12th of September, 2020, half a year after the devastating earthquake in which one person lost their life and about 25,000 houses and buildings were damaged, the major Zagreb restoration is ready to begin, which is still associated with many doubts. The only certain thing is that it will be expensive and long-lasting. Scaffolding and cranes will be a common sight on the streets of Zagreb for years to come, especially in the city centre where the damage was the greatest. For many, there will be a lot of work to be done. "Croatian producers…