Business

ZAGREB, 7 Dec, 2021 - The state secretary at the Ministry of Economy and Sustainable Development, Ivo Milatić, said on Tuesday that in addition to HRK 390 million set aside for the energy renovation of family housing, as much money would also be allocated to companies for the same purpose. HRK 400 million will be allocated from the national recovery and resilience plan to companies which failed to get funding in the tender process because there wasn't enough money, Milatić said in response to the question from MP Tomislav Okroša of the ruling Croatian Democratic Union (HDZ) during debate on…

December the 7th, 2021 - We often hear all about how employers just can't get the staff and need to instead go into battle with MUP's pen pushers in order to hire third country nationals from Bosnia and Herzegovina and Serbia, but is that really the case? Not always. There are plenty of would-be Croatian workers, but they aren't about to jump for joy working for minimum wage with no days off. As Poslovni Dnevnik/Marija Crnjak writes, the search for Croatian workers in tourism for the next summer season has never started earlier than now - all tourist companies typically…

December the 7th, 2021 - The very well known Istrian winemaker Ivan Damjanic is set to strengthen his position on the neighbouring Montenegrin market. As Poslovni Dnevnik/Marta Duic writes, back in mid-November, Istrian winemaker Ivan Damjanic travelled south down to Montenegro as part of the project "Wine Envelope and Measures" which is the promotion of wine in third country markets to acquaint consumers there with their labels. It's worth mentioning that promotion on the markets of third countries refers to wines with a protected designation of origin, geographical origin and wines with an indication of the grapevine variety produced in…

December the 7th, 2021 - The Croatian Podravka brand is aiming to strengthen its position on the more wealthy European markets, and Martina Dalic says this is an ambitious goal of hers. As Poslovni Dnevnik/Jolanda Rak Sajn writes, an even bigger and stronger Croatian Podravka brand is an ambitious goal that has been entrusted to the new President of Podravka, Martina Dalic, since the beginning of this year. This aim has the strong support of Prime Minister Andrej Plenkovic and the pension funds, which are the main shareholders of the Koprivnica food giant. Behind the prematurely deceased Marin Pucar, one…

December the 6th, 2021 - Atos Croatia is the brand new partner of a very important internet service which as many as ninety percent of companies use. As Poslovni Dnevnik/Lucija Spiljak writes, back at the beginning of November this year, the Croatian subsidiary of Atos (Atos Croatia/Hrvatska) became SAP's partner for the implementation of the SAP Business ByDesign solution. It is a new SAP business information management system (ERP) for medium and small companies, which provides a significant competitive advantage and allows for the rapid adaptation to changes in the wider market. Atos, a world leader in digital transformation, is…

December the 5th, 2021 - Valamar's purchase of an Austrian hotel could be fantastic not only for those who are investing in Croatian tourism but also for Croatian staff who want something much more permanent than seasonal work over summer. As Poslovni Dnevnik/Marija Crnjak writes, a Valamar Austrian hotel, a new one that is, could finally iron out the issues faced by temporary employment and the extremely seasonal nature of the Croatian economy, making things far more stable for Croatian staff who crave a regular income without worries. Such an exchange, however, can hardly be expected at an institutional, interstate…

December the 5th, 2021 - Sustainable Croatian tourism is a goal that the vast majority of actors in this most important economic branch are busy aiming for as mass tourism continues to bring as many issues as it does kuna into the country. Valamar is making concrete moves in this direction. As Poslovni Dnevnik writes, following on from the finalisation of the second phase of the capital increase in Imperial Riviera worth a massive 690 million kuna, the Supervisory Boards of the Valamar Group companies approved the transfer of three hotels down in Dubrovnik from Valamar Riviera to Imperial Riviera,…

December the 5th, 2021 - A large amount of Croatian covid loans remain available as domestic companies operating in the small business sector are also resisting the impact of illiquidity, the real threat and high risk in times of this unprecedented global crisis. As Poslovni Dnevnik/Suzana Varosanec writes, since the outbreak of the ongoing coronavirus pandemic back in early 2020, thousands of companies have realised low-value aid contained in Croatian covid loans which are primarily aimed at preserving liquidity. This was a brand new financial instrument fully financed by the European Regional Development Fund. Namely, since the outbreak of this…

ZAGREB, 4 Dec, 2021 - Croatia's stockpiles of finished industrial goods in October 2021 were 1.6% higher than in the previous month and 10% lower than in October 2020, according to data from the National Bureau of Statistics (DZS). Broken down by main industrial groupings, compared with  September 2021, energy stockpiles increased 5.7%, and stockpiles of non-durable consumer goods went up 3.7% At the same time, stockpiles of capital goods contracted 12.7% month on month, and of durable consumer goods by 2.8%, whereas stockpiles of intermediate goods decreased 0.2% month on month. Shrinking stockpiles year-on-year Year-on-year, industrial stockpiles of capital goods in October shrank by 31%…

December the 4th, 2021 - The Rimac Bugatti takeover is an absolutely historic event for the Republic of Croatia in terms of placing the country best known for tourism, football and little else on the global business map. As Poslovni Dnevnik/Zoran Vitas writes, it goes without saying that the Rimac Bugatti takeover is an enormous deal for Croatian business and entrepreneurship. Until just a few years ago, Mate Rimac himself wasn't sure of the fate of his company, and look at him now. “I'm honoured to be able to lead a new company that joins the forces of the two…