Business

ZAGREB, June 12, 2019 - Economy Minister Darko Horvat said on Wednesday the 3. Maj shipyard had a future and reiterated that Chinese investors were interested in the Brodarski shipbuilding institute. Asked on Croatian Radio if 3. Maj could be salvaged, he said that legally, the biggest problem for the government was that the shipyard in Rijeka was part of the Uljanik shipbuilding group's bankruptcy estate. Horvat said bankruptcy was the last thing he wanted for 3. Maj. He said that if the government invested in the completion of four ships now in the dock, it wanted guarantees that, once…

The second Business Cafe International took place on June 10, 2019 at Cafe Lateral in Zagreb, featuring successful entrepreneurs from Jan de Jong Born from Holland, Mara Vitols Hrgetić from Latvia and Mirela Rus from Romania. It was an inspiring evening. Among several positive initiatives to promote networking and the entrepreneurial spirit in Croatia, the recent expansion of Business Cafe to its international version has given the opportunity for Croatia's entrepreneurs to hear the experiences and success stories of foreigners who have moved to Croatia and succeeded, despite the challenging business climate. The first one was a great success a few…

As Poslovni Dnevnik writes on the 11th of June, 2019, Fina declared New Yorker as the most successful retailer, while Zagreb's Global food (Globalna hrana) company in is the most successful entrepreneur in tourism and hospitality, and in the field of professional, scientific and technical activities, the winner is Booking.com. The Karlovac-based arms producer HS Produkt was awarded the Fina's Golden Balance Award for the most successful company in terms of financial rating in 2018, and with this award for the overall winner, the Karlovac company was also awarded the Golden Balance for the most successful entrepreneur in the manufacturing…

As Poslovni Dnevnik/Bernard Ivezic writes on the 12th of June, 2019, the very first investor in Croatia's highly respected Rimac Automobili, Colombian Frank Kanayet Yepes, has made yet another investment in a Croatian startup. He has put a million kuna into the innovative Zagreb company Hubbig. Much like Rimac Automobili, this startup investment significantly deviates from what you'd typically see in Croatia, or what you could likely refer to as the Croatian average. Kanayet Yepes has registered his co-ownership in the Court Registry, where the name of his company from Bogota, Colombia, now sits. This means that his investments, therefore,…

ZAGREB, June 12, 2019 - The main Zagreb Stock Exchange indices on Wednesday continued to grow, with the Crobex increasing by 1.1%, its highest level since April 2017, while the Crobex10 jumped by 1.6%, its highest level since September 2017. The Crobex continued to increase for the fifth day running, increasing by 1.13% and closing the day at 1,910.46 points. That is its highest level since 26 April 2017 when it closed at 1,939 points. The Crobex10 continued its positive streak for the third consecutive day, soaring by 1.64% to 1,121.87 points, its highest level since the start of September…

ZAGREB, June 11, 2019 - The Karlovac-based HS Produkt arms manufacturer was given two Financial Agency (FINA) Golden Balance awards on Tuesday - for the most financially successful business and for the most successful manufacturer of 2018. Of the 131,118 businesses which submitted financial statements, FINA shortlisted 3,930 - 208 micro-enterprises, 2,527 small enterprise, 978 medium-sized enterprises and 217 big companies. Speaking at the award ceremony, Economy Minister Darko Horvat recalled that the economy grew 2.6% last year, and said the first quarter of 2019, when GDP rose 3.9% on the year, had opened "a new perspective" and that Q2…

From 2014 to 2018, Ivanec has withdrawn more than 20 million kuna from European Union Funds, and the project "Aglomeracija Ivanec" is about to go ahead, with an enormous price tag of 130 million kuna attached to it. As Poslovni Dnevnik/PD i VL native tim writes on the 10th of June, 2019, in the Ivanec-east (Ivanec-istok) business zone, there are currently two major exporters about to open their new production halls and logistics facilities, and a large German-Croatian company completed its fourth hall there, and has since been actively engaged in export production. In addition, new investors are entering both…

Finance Minister Zdravko Marić stressed that the Croatian tax system must be stable, predictable and maximally consistent, and that rax relief should, as such, remain continuous. As Poslovni Dnevnik/Darko Bicak writes on the 10th of June, 2019, innovation and creativity in business both open up opportunities to boost productivity and the overall growth of Croatian companies, as was stated on Monday at the Croatian Entrepreneur's day of the Croatian Employers' Association (HUP). Gordana Deranja, the president of the Croatian Employers' Association, pointed out the fact that the Croatian Government's contribution to GDP growth in the first quarter of this year…

ZAGREB, June 10, 2019 - Transport Minister Oleg Butković said on Monday that in order to resolve the problem of Slovenia's cargo transport restriction on 17 smaller border crossings with Croatia, it was proposed to open those crossings only for Croatian and Slovenian hauliers. He said the proposal was made last week at a meeting with Slovenian Transport Minister Alenka Bratušek. "Croatia isn't against that decision because it's good for safety on state roads in both countries," he told reporters. Representatives of the two countries' transport ministries will meet on Thursday "to try to formalise everything," he said. "I believe…

ZAGREB, June 10, 2019 - The keel of a groundbreaking polar expedition ship to be called the Ultramarine, which is being built for US client Quark Expeditions, was laid at Brodosplit shipyard on Monday. The ship to be completed next year will be 128 meters long, with a beam of 21.5 meters, it will weigh 13,500 gross tons and have two helidecks and 20 fast life boats. Four electric and diesel engines will enable it to sail at 16 knots. The ship will combine state-of-the-art technology and cutting-edge safety features that will enable passengers to disembark more quickly and go…