Business

Croatian Telecom has one of the ten fastest mobile networks in the world and the second fastest in the Deutsche Telekom group, the operator announced. This is the result of an independent measurement project, the so-called P3 certificate. HT has won 948 points out of a maximum of 1,000. This is the best result in Croatia among all the measurements which the P3 organisation has conducted so far, reports Poslovni.hr on January 29, 2019. Boris Drilo, a member of the company’s Management Board and the managing director for Tech and Information Technologies, was understandably pleased. "This is the result of…

ZAGREB, January 29, 2019 - President Kolinda Grabar-Kitarović said on Tuesday that a new energy strategy should contribute to Croatia's energy development and reduction of the country's dependence on the import of energy products and the introduction of new energy supply routes. To this end, a decline in domestic production should be halted and alternative supply routes should be developed, the president said at the beginning of the conference titled "Towards a New Energy Strategy" organised in Zagreb by the Jutarnji List daily newspaper. She called for more intensified use of the benefits of Croatia's geographic position so as to…

ZAGREB, January 29, 2019 - Industrial production in Croatia in December plummeted by 6.6% compared to December 2017, and this has been sharpest decline in the last two years, whereas industrial production shrank for the whole of 2018, for the first time in four years, according to data provided by the national statistical office (DZS) on Tuesday. The seasonal adjusted data show that the December industrial output dropped by 2.9% compared to November 2018, whereas it plunged by 6.6% on the year, thus falling for six months in a row year-on-year. The 6.6% reduction is the highest since a 14%…

ZAGREB, January 29, 2019 - The President of the Brodosplit shipyard Management Board, Tomislav Debeljak, said on Monday that following due diligence, his DIV company and its partners had submitted a bid for the restructure of the Uljanik Group and underlined that his company had references in the form of equity of 1.7 billion kuna and a debt of 296 million kuna. "We conducted due diligence in Uljanik and submitted a bid for the restructuring programme," Debeljak told reporters at the Brodosplit dock where the start of construction of a polar cruise ship was launched, for the Quark Expeditions company…

With more and more Croatian brands earning international respect, the founder and owner of the Croatian brand Carwiz reveals his plans to set Croatia's newest rent-a-car company on the path of the global market through franchises already agreed with five European countries. As Marija Crnjak/Poslovni Dnevnik writes on the 28th of January, 2019, the newest car rental service in Croatia, Carwiz, is also the first to start a franchise business outside of the Republic of Croatia, with ambitious plans for the coming three years to be present on at least twenty markets across different parts of Europe, as well as…

ZAGREB, January 28, 2019 - The Croatian Bank for Reconstruction and Development (HBOR) and the European Investment Fund (EIF) on Monday signed a 70 million-euro investment programme to support fast-growing SMEs and mid-caps established and operating in Croatia. The investment programme is supported by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe, according to a press release issued on the EIF web site. The event at which the NPI Mandate Framework Agreement was signed, launched the initiative called CROGIP - Croatian Growth Investment Programme. The HBOR management board chair Tamara Perko said at…

ZAGREB, January 28, 2019 - The CEO of the Uljanik shipyard, Emil Bulić, and the Minister of Economy, Darko Horvat, on Monday confirmed receipt of offers for the Uljanik Group, but did not specify their number or the names of potential strategic partners, saying that the bids were being evaluated. "We will be able to discuss the bids more specifically after the completion of talks with the bidders," Bulić told the press at the Ministry of Economy, adding that consultations were under way with the Supervisory Board, representatives of the Ministry and social partners. Asked how many offers had been…

ZAGREB, January 27, 2019 - Statistics provided by the Croatian Pension Insurance Fund (HZMO) show that a quarter of Croatian employees have fixed-term contracts, while the lion's share of the newly employed, that is 90% of them, are temporary workers, which is why unionists warn that the government-sponsored measures to boost employment are inefficient. In November 2018, a total of 387,633 Croatians worked on fixed-time contract basis, making up 25% of all employed persons, and the portion of temporary employees ranged between 22% and 26% over the past three years. The leader of the SSSH trade union, Mladen Novosel, has…

The Croatian Ministry of Finance is working on a legal regulation that would force foreign online betting sites to legalise their business in Croatia or cease operations. This would include all international betting sites, which offer online gambling services to Croatian gaming enthusiasts, reports Jutarnji List on January 27, 2019. For a country like Croatia, whose public finances are always in trouble, it sounds unbelievable that the government is not taxing an industry worth up to two billion kuna a year, which is the estimated value of the online betting business in Croatia. The problem of the non-taxing of online…

ZAGREB, January 27, 2019 - Representatives of trade unions active in the Pula-based Uljanik shipbuilding group said on Saturday that their two-hour meeting with the shipyard's management and the manager of the Brodosplit shipbuilding company, Tomislav Debeljak, had ended without any concrete results, repeating that unions wanted Uljanik to continue with shipbuilding activity and keep as many workers as possible. "We still don't have information on the potential investors that have given bids for the takeover, so we can only make guesses or accept information published by some media outlets," unionist Boris Cerovac told Hina. Cerovac added that unions did…