Business

ZAGREB, October 31, 2019 - The government on Thursday forwarded to the parliament a draft energy strategy of Croatia in the period until 2030 with an outlook for the period until 2050, which envisages a much higher share of energy from renewable sources, greater energy efficiency and a reduction of greenhouse gas emissions. "The main purpose of this strategy is to ensure energy independence, a safe and sustainable supply, as well as the development and competitiveness of the energy system, in the context of accomplishing the vision of a common energy-climate policy in Croatia and at the EU level," said…

ZAGREB, October 30, 2019 - In September 2019, Croatia's industrial production went up 2% on the year, while in the first nine months of the year it increased 1%. Industrial production in September 2019, as compared to August 2019, increased by 2.5%, the national statistical office said on Wednesday. Raiffeisebank Austria (RBA) analysts noted that the industrial production volume in August 2019 dropped 1.7% on the year and that September's growth was in line with their expectations. In September 2019, as compared to September 2018, durable consumer goods increased by 19.1%, non-durable consumer goods by 4.4%, energy by 3.4% and…

ZAGREB, October 28, 2019 - INA Group's revenue in the first nine months of 2019 totalled 16.55 billion kuna, two percent more than in the same period of 2018 while the group's profit dropped by 36% to 679 million kuna, shows a financial report the group released on Monday. CCS EBITDA excluding special items amounted to 2.397 billion kuna, improving 8% compared to the same period last year. The average oil prices decreased somewhat during the first nine months of 2019, therefore the reported EBITDA amounted to 2.208 billion kuna and profit amounted to 679 million kuna, the group said.…

Pelješac bridge's construction site currently has 410 Chinese and 60 Croatian workers present on it, as well as 21 vessels. As Poslovni Dnevnik writes on the 28th of October, 2019, the construction of the first pillars has begun at the construction site of Pelješac bridge down in southern Dalmatia. The project is one of strategic importance not only to Croatia but to the EU, as the bridge will connect European Union territory without the need for border crossings in Bosnia and Herzegovina (Neum). At pilot post eight (S8), the pilot's headpiece is completely finished, reinforcement works are currently underway, followed…

ZAGREB, October 27, 2019 - In 2018, Croatia imported 1,797 tonnes of cut flowers, and the value of this import stood at 9.9 million euro, thus rising by 19.5% in comparison to 2017, the Croatian Chamber of Commerce (HGK) has reported. The lion's share of the imports came from the Netherlands, 1,687 tonnes worth 9.1 million euro. The HGK explains this with the largest trade on the Amsterdam flower market. The flower imports from Slovenia weighing 45 tonnes cost 435,000 euro in 2018. Germany was the third biggest exporter of flowers to Croatia, 32 tonnes worth 153,000 euro. In 2017,…

The service has been a unique one so far, best known and indeed branded for cooking in clients' homes. This Zagreb-based Jedem Doma's food services will now offer a new option for its clients. As Poslovni Dnevnik/Marta Duic writes on the 27th of October, 2019, the Zagreb-based company Jedem Doma (I'm Eating at Home), known for cooking food in the homes of its clients, now offers office lunches and pre-cooked meals that just need to be completed at home. As Željka Maras, a former journalist and the current owner of Jedem Doma explains, the new service is ideal for business…

There has been a level of suspicion surrounding a certain project involving the building of a polar cruise ship, and Brodosplit is seeking to quash anyone's potential doubts about the vessel or Brodosplit's role. As Novac/Jozo Vrdoljak/Privredni writes on the 26th of October, 2019, the Brodosplit shipyard has invited journalists to visit the Split shipyard so that they can rise above the rumours being generated and come and see the construction (Novogradnje/New Construction 487) for themselves, which is currently underway. What Brodosplit is responsible for the construction of is a polar cruise ship, the same one that politician Ivan Vilibor…

As Poslovni Dnevnik writes on the 26th of October, 2019, Croatia ranks 19th out of 27 EU countries. Behind Croatia lie Hungary, Romania, Cyprus, Italy, Bulgaria, Luxembourg, Greece and Malta. According to the Doing Business 2020 report published by the World Bank on October the 24th, 2019, Croatia ranked 51st in the world, from its previous 58th place. Croatia overtook Hungary (now one place ahead of it), Romania, which fell from 52nd to 55th place, and Chile, which dropped from 56th to 59th place. The top 10 countries are New Zealand, Singapore, Hong Kong, Denmark, South Korea, United States, Georgia,…

October 25, 2019 - During a recent TCN interview with global medical tourism expert, Dr Prem Jagyasi, Croatia's leading Bagatin Clinic was mentioned several times. After the interview, I asked Dr Prem to tell us a little more about Bagatin and its standing on the global stage.  It is just over two years since I became aware of Croatia's medical tourism industry. My introduction was a chap called Ognjen Bagatin, who messaged me on Facebook one evening. I had no idea who he was, but he was very polite and complimentary about my work, which has said he had been…

The Republic of Croatia has improved in terms of its current distance between itself and some of the most successful countries, and real determination to implement reforms remains crucial to everything. As Ana Blaskovic/Poslovni Dnevnik writes on the 25th of October, 2019, Croatia can only succeed if it continues to accelerate the implementation of its currently promised and planned reforms through improved focused inter-ministerial cooperation. Thus, World Bank Country Director for Croatia Elisabetta Capannelli commented on the country's position on the Doing Business 2020 ranking, on which it is positioned seven places better than it was last year. In an…