Business
Thursday, 28 February 2019
Plenković: Decision on Uljanik Will Be Rational and Responsible
ZAGREB, February 28, 2019 - The government will make a rational decision about the Uljanik shipbuilding group that will be responsible toward its employees, shipbuilding and taxpayers, a decision that will be in accordance with the guidelines for state subsidies to shipbuilding at the European level and realistic agreements with the strategic partner and management, Prime Minister Andrej Plenković said on Wednesday. "We will make a decision that will be rational, responsible toward shipbuilding, toward employees, responsible toward the tradition that Croatia has in the industrial sense toward shipbuilding, but also responsible toward taxpayers and in accordance with what is…
Thursday, 28 February 2019
Finance Minister Not Surprised with Economic Growth Slowdown
ZAGREB, February 28, 2019 - Finance Minister Zdravko Marić said on Wednesday the government had anticipated the slowing down of economic growth in the last quarter of 2018, adding that industrial production and high imports gave cause for concern, while the growth of consumption and investment reflected good economic sentiment. Speaking to Hina, Marić said the government had expected the slowing down of economic growth in Q4 to 2.3%, as had the central bank and leading analysts given the available analyses of macroeconomic indicators, notably industrial production and net exports. "The total growth in 2018 of 2.6% is in line…
Wednesday, 27 February 2019
Croatia's GDP Up in Q4, Rising at Slower Pace
ZAGREB, February 27, 2019 - Croatia's GDP grew by 2.3% in the last quarter of 2018, thus decelerating in comparison to Q3 when it grew at a rate of 2.8% year on year, the national statistical office (DZS) reported on Wednesday. The DZS first estimates of the GDP growth in the last quarter of 2018 were actually lower than expected by eight economic analysts polled by Hina, whose average estimate was 2.6%. A major positive contribution to the economic growth was made by household consumption in Q4. It grew 3.9% as against 2.7% in Q3 on the year. The exports…
Wednesday, 27 February 2019
Brodosplit Says Its Offer for Uljanik Contains Guarantees
ZAGREB, February 27, 2019 - Brodosplit's offer of strategic partnership to the Uljanik shipbuilding group contains all the necessary guarantees, the shipyard said on Tuesday after Economy Minister Darko Horvat said the strategic partner must provide clear guarantees that it was willing to finance Uljanik's restructuring. "The answers to all the questions, including those asked today, are in our offer which... was accepted because it contains the necessary guarantees for everything we offered," Brodosplit said. The dock said it had expressed willingness to ensure, with appropriate collateral, in the period until the restructuring programme is approved, part of the funds…
Wednesday, 27 February 2019
Agrokor Restructuring and Rescue Discussed at Panel by Fabris Peruško
As Index writes on the 26th of February, 2019, a panel discussion and a study on the restructuring of Agrokor organised by TMA Europe was held today in Zagreb. Its speakers were Agrokor's extraordinary commissioner Fabris Peruško, his deputy Irena Weber, as well as other most important people who were involved in restructuring the formerly ailing company which once threatened to collapse the Croatian economy almost entirely. Alastair Beveridge from AlixPartners and Goran Horvat of KPMG Croatia also spoke, as N1 reports. Peruško stated that if this key Croatian company was in Germany, it would have had 650 billion euro impact…
Wednesday, 27 February 2019
12 Million Kuna Investment for Rovinj Hospital in Next 15 Months
As Novac/Barbara Ban writes on the 26th of February, 2019, ''Dr. Martin Horvat'' Rovinj Hospital has proudly stated the fact that in 2019, it plans to invest heavily in the amount of 12 million kuna, and it ended 2018 in a surplus in regard to finance and the number of patients. They claimed that they had 500 patients more than one year earlier, that they provided 16,440 more medical services than they did last year, marking an increase of 26.5 percent. Rovinj Hospital finished of the business year of 2018 with a financial gain of 623,000 kuna. This is the…
Tuesday, 26 February 2019
Ivan Mrvoš Reveals Plans Beyond the Smart Bench
Ivan Mrvoš, the young entrepreneur from Solin who recently made the Forbes ’30 Under 30’ list, reveals his plans for Include beyond the famous smart bench.
Tuesday, 26 February 2019
Croatian Beekeepers Granted Financial Aid
ZAGREB, February 26, 2019 - Croatian beekeepers will have 3.2 million euro annually at their disposal as part of financial assistance in the period from 2020 to 2022, according to a draft assistance scheme prepared by the agriculture ministry. The document has been put up for public consultation until 6 March. The proposed funding for aid to apiarists and honey producers has been calculated based on their needs in the previous period and the final decision will depend on the relevant regulations which the European Commission is supposed to adopt. The assistance scheme includes eight measures, and one of them…
Tuesday, 26 February 2019
3. Maj Shipyard Bankruptcy Hearing Adjourned to March 12
ZAGREB, February 26, 2019 - A hearing in the process of determining preconditions to launch bankruptcy proceedings at the 3. Maj shipyard that was scheduled for Tuesday at Rijeka Commercial Court, was adjourned until March 12, when it should be known whether workers at the dock will receive their unpaid wages, otherwise bankruptcy seems inevitable. If by March 12, the question of workers' wages isn't settled, then bankruptcy is likely. If it is resolved by then, there is some room for a solution, Judge Liljana Ugrin said. According to the court, the dock's account has been blocked due to a…
Tuesday, 26 February 2019
Could Croatian Meat Products Open Profitable Export Door to China?
By-products from Croatian slaughterhouses could potentially have some good buyers in China. What Croatia considers to be meat by-products are valued delicacies over in China, and exporting them could open up a potentially highly profitable door. As Poslovni Dnevnik writes on the 26th of February, 2019, the Chinese are happy with what they've seen, and according to the Croatian Chamber of Commerce (HGK), ''we're now awaiting the final findings to sign a bilateral agreement.'' These comments come after Dukat and Vindija, as well as several farms and other competent Croatian institutions were recently visited by a Chinese deligation following the…
Tuesday, 26 February 2019
Podravka Posts Best Business Results in 70 Years
“The new vision of Podravka, which began with the reorganisation and the launch of new business programmes, has fully met expectations in business results in 2018. Concentration on traditional markets and faster innovation cycles with key brands and categories have brought the company the best operating result in its long history,” said Podravka's CEO Marin Pucar after the company announced business results for the past year, reports Večernji List on February 26, 2019. Sales revenues of the Podravka Group in 2018 amounted to 4.2 billion kuna, about 3% more than the previous year. Net profits reached a record 205.7 million…
