Business

As Adriano Milovan/Novac writes on the 9th of March, 2020, the Italian economy is likely to enter into a recession according to a new rating by the rating agency Moody's. This is more than likely to hit Croatia negatively and affect the previously predicted Croatian GDP growth. In their new report on the state of the world economy, Moody's experts warn that the current coronavirus epidemic will hit the entire global economy, at least in the first half of this year. When it comes to Italy, their new forecasts suggest that Italy's GDP could fall by 0.5 percent this year when…

The Croatian Ericsson Nikola Tesla is the Croatian affiliate of the Swedish telecommunications equipment manufacturer, Ericsson, which has long since been known across the world for its brand and its high quality. As Poslovni Dnevnik writes on the 9th of March, 2020, Gordana Kovacevic, President of the Croatian Ericsson Nikola Tesla, emphasised her satisfaction with the newly contracted business which is sure to put a spring in the step of the company over the next few months: ''I'm pleased that our activities on export markets are continuing to showcase a positive trend in 2020 as well,'' The Croatian Ericsson Nikola…

As Poslovni Dnevnik/Bernard Ivezic writes on the 6th of March, 2020, the brand new Croatian fintech startup Revuto, which plans to attack competition such as the gigantic PayPal with a combination of a crypto wallet, its own debit cards and online subscription management, has begun to receive some of its first users. This Croatian fintech startup is currently in its beta phase, with its application due to become available to users in the second half of this year. This is the first Croatian mobile wallet to announce that it will issue its own ''Revuto debit card'' which can be used…

ZAGREB, March 6, 2020 - The government is prepared, under certain circumstances and strict control, to issue guarantees for 48% of the value of new ships for the Australian Scenic Group that would be built in the 3. Maj shipyard, Economy Minister Darko Horvat said at the Rijeka-based dock after talks with the Scenic Group's owner and the 3. Maj director. Horvat, Scenic Group owner Glen Moroney and 3. Maj director Edi Kučan discussed the construction of five polar cruise ships with a total value of €860 million. We consider that the agreement was reached about ten days ago when…

As Darko Bicak/Poslovni Dnevnik writes on the 5th of March, 2020, the concerning coronavirus situation which is wreaking havoc not only with public health but also with the global economy has now brought about the very first serious economic situations to Croatia's doorstep. The Croatian Government has now decided to give up the search for a strategic partner for Croatia Airlines until further notice. Namely, according to the Ministry of Maritime Affairs, Transport and Infrastructure, following the meeting of the Commission for the implementation of the procedure and proposing the selection of the strategic partner of Croatia Airlines, the current course…

This new Zagreb Airport project is worth nine million kuna and the one at the Sibenik metallurgical company amounts to 264,000 euros. As Poslovni Dnevnik/Darko Bicak writes on the 5th of March, 2020, the Croatian subsidiary of the Slovenian company Resalta will deliver thermal energy to Zagreb Airport (Franjo Tudjman) in the next twenty years, which is the concession of the majority French consortium Zagreb International Airport (MZLZ). The large nine million kuna project will improve energy efficiency at Croatia's largest airport. According to Denis Nikola Kulisic, the director of Resalta Croatia, the contract states that the company will sell…

March 6, 2020 - The fifth Adria Business Network was held at the FORUM Convention Center in Zagreb, organized by entrepreneurs Željka Barišić and Kristina Krstinić.  The event is aimed at business networking in Croatia and the region, creating business opportunities and encouraging continuing education. Through the event, everyone was offered the chance to find new clients and enter into lucrative deals. Guest Lecturer Marko Loncar, New Generation Fitness Trainer and Owner of the BITI FIT brand educated everyone on how to eat healthily and keep fit in the business world. A look at what the organizers and presenters said…

ZAGREB, March 5, 2020 - Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday that Hungary wanted to participate in the LNG terminal project on the northern Adriatic island of Krk, expressing hope that Croatian Environment and Energy Minister Tomislav Ćorić would soon convene a working group on Croatia's part. Asked by reporters if there had been any progress with regard to Hungary's participation in the LNG terminal project, Szijjarto said that Hungary considered its energy cooperation with Croatia as "a game changer in the region." He said that there had been a lot of talk about…

ZAGREB, March 5, 2020 - In February, Croatia was visited by 287,000 tourists, up by 5% compared to February 2019, while a more significant increase was noted in overnight stays (727,000, up 9%), the National Tourist Board (HTZ) said on Wednesday, citing preliminary data from the eVisitor system. There was an increase in the number of both the domestic and foreign tourists in February 2020 compared with February 2019. There were 177,000 foreign tourists, up by 1% compared with February 2019, and they accounted for 62% of the total number of arrivals. Compared with February 2019, foreign tourists generated 9%…

Mayor Milan Bandic wants to expand the Zagreb tram network and introduce a tram from Kvaternikov trg (Kvaternik's square) to a residential location close to Zagreb's Franjo Tudjman Airport. Will the mayor's Zagreb Airport tram project manage to get off the ground? As Vedran Marjanovic/Novac writes on the 4th of March, 2020, the City of Zagreb's administration has announced that Geoprojekt and Elektroprojekt will produce the Zagreb Airport tram project's technical documentation for the construction of the line which will go from Kvaternikov trg to the settlement of Velika Kosnica, located close to Zagreb's Franjo Tudjman Airport, for a price…