Business
Wednesday, 27 April 2022
Italy's Investindustrial Fund Investing €120m in Rimac Group
ZAGREB, 27 April 2022 - The Italian investment fund Investindustrial is investing a total of €120 million in Rimac Group in several rounds of financing, the high-performance car manufacturer has told Hina. The money will be used primarily for the further development of the Rimac Technology company and serial production of key components for the electrification of vehicles for global car manufacturers. The main shareholders in Rimac Group are Mate Rimac (32.64%), Porsche AG (23.5%) and Hyundai Motor Group (10.35%), while all other shareholders hold together 33.76%. "The shareholding structure is subject to change in the next round of investment,"…
Wednesday, 27 April 2022
Croatian NUTRIS Opens Unique Factory Using Revolutionary Tech
April the 27th, 2022 - The Croatian NUTRIS Group has made quite the name for itself with a new factory, entirely unique in Europe, using revolutionary technology. As Poslovni Dnevnik/Suzana Varosanec writes, the founder and CEO of the Croatian NUTRIS Group, Zvonimir Sedlic, said that he is very proud of the group for being the very first to implement a revolutionary process in the extraction of plant ingredients from beans as one of the best sources of protein. He is also proud of the fact that the Croatian NUTRIS Group has constructed the very first European hybrid factory. “The factory…
Tuesday, 26 April 2022
State Will Fill Okoli Gas Storage Facility If Lessees Do Not
ZAGREB, 26 April 2022 - Economy Minister Tomislav Ćorić has made a decision allowing the state to fill the Okoli underground gas storage facility if those leasing it fail to do so, and they are not doing it for now as it is not cost-effective due to high gas procurement prices. The decision was made based on an intervention plan to respond in time to potential gas supply disruptions, the ministry said on Tuesday, adding that the decision was proposed by a crisis management team established to monitor gas supply security. The team has ordered that Okoli should be full at 90% of capacity…
Tuesday, 26 April 2022
Pandemic Accelerates Digital Transformation in Croatia
ZAGREB, 26 April 2022 - The pandemic has accelerated Croatia's digital transformation and the situation in the economy in 2021 improved in that regard, with an average score of 2.59, a mild increase compared to 2020, when the average score was 2.52, the latest survey of the Croatian Digital Index (HDI) indicates. This is the third year in a row that the survey has been conducted by the local Apsolon consulting company, which says that the HDI index gauges Croatia's digital transformation progress. "The Croatian Digital Index (HDI) has once again this year shown that Croatian companies are recognising the importance of digital…
Tuesday, 26 April 2022
Record Number of Applications Filed for Subsidised Housing Loans
ZAGREB, 26 April 2022 - The relevant APN agency has received a record 5,870 applications for subsidised housing loans and Construction, Physical Planning and State Assets Minister Ivan Paladina has announced additional funds for all the applications that will be approved. Applications could be filed from 21 March to 22 April and in this, the seventh round, a new record number were filed. In the previous round, 4,739 were filed, a record at the time. The government has set aside HRK 50 million for this purpose, but given the interest, Paladina said more funds would be necessary and that he discussed…
Tuesday, 26 April 2022
Audio Visual Group & Atmosphere TV - Croatia Distribution Partnership
April 26, 2022 - Local Zadar business Audio Visual Group announces its partnership with streaming service provider Atmosphere TV. Atmosphere is the world's leading streaming TV service free to businesses, offering original, audio-optional TV channels. There is a channel for every business and mood. Atmosphere's TV channels fill the void for businesses in a world dominated by linear cable, satellite and IPTV suited for at-home viewing. No carrier has addressed the need for TV programming that doesn't require audio or the love of sports to be enjoyed. With channel offerings such as Red Bull TV, Fite, Chive TV, Beach Bum, So…
Monday, 25 April 2022
Medjimurje Company Sobocan Invests 4.5 Million Kuna in Own Solar Energy
April the 25th, 2022 - The Medjimurje company Sobocan has invested a massive 4.5 million kuna into its very own solar energy power plant as more and more companies begin turning towards greener paths for their energy sources. As Poslovni Dnevnik/Ana Blaskovic writes, the very well known Medjimurje company Sobocan, a manufacturer of furniture and equipment from Mursko Sredisce, officially launched its very own solar power plant on Friday night. The investment in the plant stands at a huge 4.5 million kuna, of which 2.2 million kuna was co-financed with European Union (EU) money, and the rest financed with the company's…
Sunday, 24 April 2022
Croatian Company Span Hints at Fintech Ambitions with Joint Project
April the 24th, 2022 - The Croatian company Span appears to be spreading its wings even further following its previously announced takeover of the Ekobit software company a few weeks ago. This time, its eyes are on fintech. As Poslovni Dnevnik/Jadranka Dozan writes, one of the leading IT companies in the whole of the Republic of Croatia, which was listed on the Zagreb Stock Exchange seven months ago after an IPO, recently informed the investment community about the establishment of Fintech Digital Services. According to a stock exchange announcement, the Commercial Court in Zagreb issued a decision last week on…
Saturday, 23 April 2022
Sobočan Company's Solar Power Plant Put Into Operation
ZAGREB, 23 April 2022 - Economy and Sustainable Development Minister Tomislav Ćorić formally opened a solar power plant in Mursko Središće on Friday, saying that the Sobočan company has put this northern town on the European map of positive production trends. The project cost HRK 4 million (€533,000), of which 70 per cent was provided by the European Union. Thanks to the solar power plant, as much as 70 per cent of the needs of the Sobočan company for its production processes will be met using renewable energy. Over the last 20 years, Sobočan has evolved from a small family firm…
Saturday, 23 April 2022
Zagreb Company Holosys Gets Owner from Powerful Egyptian Group
April the 23rd, 2022 - The Zagreb company Holosys has got an owner from the powerful Egyptian Elsewedy group, which has been the owner of the Slovenian Iskraemeco group since back in 2007. As Poslovni Dnevnik/Marija Brnic writes, the Zagreb company Holosys, a tech group which deals with the production of measuring instruments, has now got a new majority owner, the Slovenian Iskraemeco, seeing it become part of the Egyptian group Elsewedy. With the announcement of the conclusion of the contract by which this Slovenian company will take over the Zagreb company Holosys, both companies expressed their joint expectations that…
Friday, 22 April 2022
Croatia Among EU Countries With Largest Decreases in Debt to GDP Ratio
ZAGREB, 22 April (2022) - The government debt to GDP ratios in the EU and the euro area decreased in the fourth quarter of 2021 thanks to the recovery of the economy from the coronavirus crisis, and Croatia was among the countries with the largest decreases, according to a report released by Eurostat on Friday. In the EU, the government debt to GDP ratio stood at 88.1% at the end of 2021, compared to 89.9% at the end of September. In the euro area, the ratio was 95.6%, down by 1.9 percentage points from the previous quarter. At the end of…
