Business

ZAGREB, September 23, 2019 - President of the Croatian Employers' Association (HUP) Gordana Deranja has been elected vice president of BusinessEurope, one of the largest independent employers' associations in Europe that advocates the interest of employers in the European Parliament, the Council of the European Union and the European Commission, HUP informed on Monday. BusinessEurope, a European social partner, advocates the interests of small, medium-sized and large companies in 35 European countries. Deranja's term as vice president of the association will last until 30 June 2021. Deranja was quoted in the HUP's press release as saying that it is a…

As Poslovni Dnevnik/Darko Bicak writes on the 22nd of September, 2019, Helio Moura is the tobacco development manager for British American Tobacco Corporation (BAT) and the owner of Croatia's TDR in Kanfanar. Tobacco is an important crop for Croatian agriculture with stable production conditions and constant growth in terms of value, and tobacco worth a massive 124 million kuna is produced annually in Croatian fields. Statistics show that a mere 400 tobacco farmers account for as much as 62 percent of the total value of Croatian potato production, as well as fruits, with it accounting for as much as 55…

ZAGREB, September 22, 2019 - Demand for new cars in Europe dropped in the first eight months of 2019 as its weakening in the leading Western European markets prevailed over the mild increase in new EU member states, including Croatia, according to the European Automobile Manufacturers' Association (ACEA). Over the first eight months of 2019, new-car demand in the EU went down by 3.2% compared to the same period last year, counting 10.5 million registrations in total. Demand for new cars decreased in five leading automobile markets, including France, Great Britain, Italy and Spain, while rising 0.9% in the biggest…

ZAGREB, September 22, 2019 - The International Energy Forum (INTERNEF) will be held at the Hotel Cornaro in the southern Croatian Adriatic city of Split on September 27 to discuss globalisation trends in the energy sector, the Institute for European and Globalisation Studies, which is organising the conference for the third consecutive year, has announced. The forum's theme will be discussed in three panels: Global Energy Trends and Predictions, the Three Seas Initiative and European Energy Trends, and Europe and Croatia: View on Solar Energy. The forum is also a sort of reminder of the fact that Croatia will be…

As Filip Pavic/Novac writes on the 20th of September, 2019, Greyp Bikes, an electric bike company owned by Croatian entrepreneur Mate Rimac, which is also the sister company to the famed Rimac Automobili, is launching a digital token public offering. More specifically, starting on Monday, September the 23rd, Greyp is launching a crowdfunding campaign in which any interested investor, with a minimum stake of 100 euros, can become a stakeholder in Mate Rimac's Greyp Bikes and stand by the side of giants such as Porsche, which holds an eleven percent stake there. Mate Rimac's company notes that the investor thus…

CLEVELAND, SEPT. 19, 2019 – The Association of Croatian American Professionals (ACAP) is hosting their fourth annual conference in Cleveland, Ohio from Sept. 19 to 22, 2019. The ACAP conference will bring together professionals from all facets of the U.S. and international professional community—such as diplomats, scientists, artists, engineers, medical professionals, attorneys, journalists, business executives, social media specialists, accountants, and a delegation from Croatia’s Chamber of Commerce. Her Excellency Kolinda Grabar-Kitarović, President of the Republic of Croatia, will give the keynote address at the gala dinner on Friday, Sept. 20. Tomislav Mihaljevic, MD, Cleveland Clinic CEO and President, is a…

Imperial Riviera will operate in multiple destinations across the Republic of Croatia with the highest level of corporate governance quality as the owner of a significant tourism portfolio. As Poslovni Dnevnik writes on the 19th of September, 2019, in an invitation to the General Assembly, the management of Imperial Riviera d.d. proposed an increase of the share capital of the Imperial Riviera, worth 426 million kuna, equivalent to about 57 million euros. Over the last three years, Valamar Riviera and AZ pension fund (Mirovinski fond) have jointly invested over 1 billion kuna in Croatian tourism through the acquisitions of Rab's…

A week has passed since the first Entrepreneurial Mindset conference in Zagreb on September 12, 2019. And preparations are being made to build on its initial success.  I have been to many conferences in the last few years in Croatia. Many end with a feel-good factor, but as soon as the conference is over and the next day's news stories are consumed, that is often the end of the story and of the initiative.  Last week was different.  There is a new kid on the block in Croatian society, and it is a kid which is much more interesting than…

ZAGREB, September 19, 2019 - Finance Minister Zdravko Marić on Thursday said that the acceptance of demands set by the "67 is too much" initiative would not jeopardise public finances and that the payment of pension allowances was safe. If the union demands are met, pension payment will be safe, Marić said after the cabinet meeting at which Prime Minster Andrej Plenković announced that the demands for which unions had collected the signatures of more than 700,000 citizens, would be upheld. Citizens signed a petition to call a referendum against raising the pension eligibility age from 65 to 67 but…

ZAGREB, September 19, 2019 - During its meeting on Thursday the government authorised the Finance Ministry to issue a government guarantee to the 3. Maj shipyard in Rijeka for a loan to be taken from the Croatian Bank for Reconstruction and Development (HBOR) and/or other commercial banks in the amount of 26 million euro in order to complete the construction of a ship at the dock. Minister of Economy, Entrepreneurship and Crafts Darko Horvat underscored that the contracted price for a ship being constructed for the Algoma Central Corporation from Canada amounts to 33.36 million euro and that once the…