Business

Despite the media loving to spread the negatives, there is an enormous amount of positivity in Croatia, and the level of innovation and drive from certain Croatian companies is impressive. One can only imagine what the results would be if the political and economic climate turned in their favour. One such company is a very small one with just eight employees, located in Samobor. As Poslovni Dnevnik writes on the 2nd of November, 2019, the world is gradually being ''conquered'' by the radars of a small Samobor company which boasts just a handful of employees. They strengthened their position on…

ZAGREB, November 3, 2019 - Finance Minister Zdravko Marić said on Saturday that both monthly and annual income tax calculations for young people were good models and that the most important thing was that young people would feel the tax cuts. "We'll see how the parliamentary debate (on the government's tax relief proposal for young people) goes. The original proposal was to calculate reduced income tax monthly, but after the comments we received during the public consultation from young people, accountants, employers and others, we opted for annual calculation," Marić told Hina. He was commenting on media reports that people…

ZAGREB, November 3, 2019 - Croatian Parliament Speaker Gordan Jandroković, who is on an official visit to China on 2-6 November, on Sunday visited Huawei, a Chinese multinational technology company specialised in manufacturing telecommunications equipment, including smartphones. Senior executives of this company, headquartered in Shenzhen, Guangdong province, informed the Croatian official of the group's operation in more than 170 countries worldwide and participation in digitisation and digital transformation processes. They expressed satisfaction with the company's business in Croatia. In that context they recall two memoranda signed by Croatia's central state office for the development of digital society and Huawei Technologies…

As Novac/Gojko Drljaca writes on the 2nd of November, 2019, the Republic of Croatia is in a critical period in which the country and companies in the IT sector should recognise the potential for developing 5G network infrastructure. It is a mistake to view 5G infrastructure as another step in the development of mobile telephony that will allow for faster and more comfortable use of the Internet or, in turn, watching higher quality videos. 5G is so much more than that. Most of the special reports prepared by analytics and consulting firms for policy makers of both countries and major…

As Glas Istre writes on the 2nd of November, 2019, after the great interest expressed by local Pula entrepreneurs and the full utilisation of the City of Pula's grants to stimulate the development of a small economy with a total of 1 million kuna, the mayor's decision provided them with another half a million kuna, which was almost fully utilised by interested entrepreneurs. At the third session of the 2019 Pula Grants Commission, which is intended to stimulate the development of Pula's local economy, a total of forty new entrepreneurs' applications were approved in the amount of 470,214.33 kuna, thus…

ZAGREB, November 2, 2019 - Last year, the European Union issued 3.22 million residence permits for non-EU citizens and the figures show that a majority of those non-EU citizens who moved to Croatia in 2018 did it for employment reasons, the Večernji List daily reported on Saturday. The European Commission states that "in 2018, some 3.2 million residence permits were issued across the EU to people from non-member countries, and that the main reason for a first residence permit being issued in the EU was for family reasons (915 000 first residence permits)." The permits are issued for employment-related reasons,…

As Novac/Adriano Milovan writes on the 1st of November, 2019, innovation is the basis of further economic growth, and Croatia is a land of huge potential when it comes to innovation, states a message from the conference "Croatia - a Place for Innovation and Smart Investment", organised yesterday by the Ministry of Economy and the Croatian Chamber of Commerce (HGK) at the Westin Hotel in Zagreb. The aim of the conference was to connect innovative Croatian companies with investors and other partners. These involve more than 300 projects, which have crystallised on thematic innovation councils, with an estimated value of…

ZAGREB, November 1, 2019 - Economy Minister Darko Horvat said on Friday that the necessary funding for overdue monthly wages of workers of Đuro Đaković metal and mechanical engineering group would be found and that after that, decisions should be made on the future of that Slavonski-Brod based group. Asked by the press in Veliko Trgovišće on Friday whether it was the Croatian Postal Bank (HPB) that should provide financial means for that purpose, Horvat answered in the affirmative. Some 70 million kuna should be used for the overhaul of the group. "We are together with the HPB seeking a…

As Glas Istre/Dubravko Grakalic writes on the 1st of November, 2019, Adris Group's operating results in the first three quarters of this year show a significant increase in revenues and great business development. In the first nine months of this year, Adris Group's total revenues amounted to a massive 4.92 billion kuna, which is 4 percent more than in the same period last year. Net profit amounts to 663 million kuna, which is 89 million kuna, or 12 percent less than last year. Such business is the result of strong investment and acquisition activities in 2018 and 2019 with the…

As Novac writes on the 31st of October, 2019, exactly two months have passed since the offers of interested investors arrived for the construction of a luxury camp in one of the most attractive parts of Barbariga, Istria. The 14.2 hectares of construction land in the immediate vicinity would have to see the creation of a three-star hotel with a total capacity of 1,400 beds, which, according to seasonal estimates, would not only boost Istrian tourism but also provide 130 jobs. According to a report from the local portal Glas Istre, there are currently three offers in the game -…