Business

As Poslovni Dnevnik writes on the 24th of July, 2019, work in this Labin company has grown to twenty employees in four years, and we still do not function as a classical business system, but rather as a family gathering around the same job, says director and owner of Lloyds Design, Domagoj Ostović. Today, Lloyds Design is one of the best Istrian IT companies, and has its headquarters in Labin, a city of rich mining and industrial traditions that have shaped and defined the identity of Labin for a long time, Milan Pavlović writes for Glas Istre. And although the…

As Poslovni Dnevnik/Darko Bicak on the 25th of July, 2019, the world's largest online store, Amazon could, according to what is currently unofficial information, soon be fully available on Croatian territory, as soon as autumn. According to unofficial information, Amazon is planning to make some form of exclusive co-operation for delivery and logistical support in Croatia, potentially on the entire regional market, which could cover Bosnia and Herzegovina and Montenegro and Serbia. Although it's still unofficial information, apparently an expert team from Amazon has been staying in Croatia over recent days, and besides negotiating business details, they have visited the…

ZAGREB, July 24, 2019 - The president of the Supervisory Board of the Rijeka-based 3. Maj shipyard, Juraj Šoljić, on Wednesday sent a letter to Prime Minister Andrej Plenković, asking him that, based on everything that has been done in the dock in the past two months, he present his stance and make a decision on the fate of that shipyard. "Our aim is to finish the ships we have started and to avoid bankruptcy because 3. Maj and Croatia will benefit the most if production continues. Hence, we ask that you urgently make a decision so that extra costs…

ZAGREB, July 24, 2019 - Tourism Minister Gari Cappelli on Wednesday said that it was time for tax changes in tourism and recommended a VAT rate of 13% on food and beverage services to be part of the fourth round of the tax reform. "I've been asking for that from day one," Cappelli told reporters ahead of a government meeting. He informed that he is calling for a VAT rate of 13% on all food and beverage services and added that it was time for that to occur in the fourth round of the tax reform. Asked whether that would…

ZAGREB, July 24, 2019 - The newly appointed Minister of Labour and Pension System, Josip Aladrović, on Wednesday announced that he would officially invite unions to sit down together and continue social dialogue regarding common topics, including the "67 is too much" referendum related to the pension reform. At the moment that invitation is very inclusive and refers to everyone, and it will be officially made very soon, once we determine what topics we wish to discuss with them, Aladrović told reporters ahead of an inner cabinet meeting. I am certain that unions and employers will respond and we certainly…

As Poslovni Dnevnik writes on the 23rd of July, 2019, the supervisory board of Podravka d.d. confirmed at a recent session that they are very satisfied with the unaudited results of the Podravka Group's business for the first half of 2019. In the second quarter, positive business trends have continued on all levels. After 2018, which was one of the most successful business years in Podravka's very long history and the record first quarter of this year, the group has continued on with record business results in the first half of 2019. The highest achieved semi-annual profit of 140 million…

The Zagreb Stock Exchange reported today that Helios Faros, a hotel company from Stari Grad on Hvar was allowed to leave the receivership status it had, as Valamar Riviera and PBZ Croatia Osiguranje will invest 650 million kuna into the reconstruction of the company's hotels. After that investment, Valamar now owns 23,61% of the stocks of the Helios Faros company, and PBZ Croatia Osiguranje owns 70,83%. At the same time, the capital stock of the company has been increased to 96,56 million kuna. During the receivership process, all creditors were paid, which allowed the Commercial court in Split to finish…

ZAGREB, July 23, 2019 - The Commercial Court in the Istria County town of Pazin has set the value of an unfinished dredger the Pula-based Uljanik shipyard was building for the Belgian/Luxembourg group Jan De Nul at 1.059 billion kuna, and set the terms of sale. The court ruled that at a first public electronic auction the vessel may not be sold for less than three-quarters of the value determined, or 794.2 million kuna. At a second auction it may not be sold for less than half its value, or 529.5 million kuna, and at a third auction for less…

ZAGREB, July 23, 2019 - Tourism Minister Gari Cappelli commented on the press conference by the opposition Social Democratic Party (SDP) on Monday, saying that they confirmed what he himself had been saying, that a VAT cut would help the Croatian tourism industry. The SDP said earlier in the day that increased wages and investment in quality tourism facilities and services, along with a reduced VAT on hospitality and accommodation, were strategic objectives for the tourism sector. "The SDP said at the press conference what I have been saying about the need to increase the quality and about too many…

ZAGREB, July 22, 2019 - The Končar Distribution and Special Transformers group generated a net profit of 18.7 million kuna in the first half of 2019, which is an increase of 4.1 million kuna or 28% compared with the same period in 2018, its financial statement shows. Consolidated pre-tax profit was 23.7 million kuna, up by 21% from the first half of 2018 when it was 19.6 million kuna. Total consolidated revenue rose by 23% to 561.6 million kuna. The management board described the group's business as stable, citing ongoing activities to improve organisation, rationalise business, promote development, cut costs,…