Business

December the 3rd, 2021 - After becoming the very first Croatian unicorn last year as a domestic IT company that exceeded $1 billion in value, this year has been equally dynamic for Infobip. An Infobip investment is also pushing them closer and closer to another big goal. As Poslovni Dnevnik/VL/Zoran Vitas writes, a few weeks ago, the Vodnjan giant took over another American company, Peerless Network, a global provider of Voice over IP services, and then achieved a $500 million loan where Morgan Stanley was the chief financial advisor. An Infobip investment of half a million US dollars was announced by…

December the 3rd, 2021 - The Croatian unemployment rate from the Istrian peninsula all the way to Slavonia in the Easternmost part of the country varies enormously. As Poslovni Dnevnik/Jadranka Dozan writes, the registered Croatian unemployment rate dropped down to 7 percent back in September after a very tough period caused by the pandemic in 2020. Of 1.7 million economically active individuals who make up the Croatian population, there were 119,000 unemployed persons. However, behind that average rate at the county level is a very wide range indeed. According to the latest CBS data, of the 97,000 economically active members…

December the 3rd, 2021 - The Croatian tourism sector has provided a very, very welcome cash injection to the domestic economy following this summer's remarkably successful season. It couldn't have come soon enough. As Poslovni Dnevnik/Radmila Kovacevic/VL writes, 2021's summer tourist season was above all expectations. While summer might well be over now, Croatian tourism for this year is not over yet. About 13,000 guests are currently staying in the country, among them certainly some digital nomads, who additionally marked the unexpectedly successful 2021 for Croatian tourism and the economy as a whole. All of this is, of course, in…

ZAGREB, 2 Dec 2021 - The main Zagreb Stock Exchange indices decreased on Thursday, the Crobex by 0.28% to 1,985 points and the Crobex10 by 0.30% to 1,217 points, following the losses on European stock exchanges in the wake of the new COVID-19 variant. Regular turnover was HRK 6.27 million and another HRK 3.33 million was generated in block trading with Ilirija at HRK 170. In regular trading, the most traded stock was Valamar Riviera, turning over HRK 1.9 million. It closed at HRK 31.1 per share, up 1.62%. Thirty-nine stocks traded today, with 12 gainings and 16 losing in price,…

ZAGREB, 2 Dec 2021 - Film tourism related to the mega-popular HBO series "Game of Thrones", the filming of which began in Dubrovnik and elsewhere in Dalmatia ten years ago, brought into the Croatian economy a total of €180.7 million between 2013 and 2018, or €30.1 million annually.  The figures were published in an article in the scientific journal Oeconomica Jadertina, issued by the University of Zadar. The article was written by Martin Vukašin and Josip Miočić from Zadar and Mirela Brechelmacher from Slavonski Brod. The filming of the popular television series spawned a new type of tourism service, including trips to…

ZAGREB, 2 Dec 2021 - The German-based bus company FlixBus and Croatia's Čazmatrans signed a strategic partnership agreement on Thursday. Under the agreement, in the first phase, Čazmatrans and FlixBus will integrate their bus services to provide travelers with greater mobility and availability of Croatian and international destinations. The agreement provides for the digitalization of bus tickets, which will facilitate the online purchase of tickets. Over 30 continental destinations in Croatia will be included in the FlixBus network, and some towns, such as Đakovo, Kutina, Petrinja, and Sisak, will become FlixBus destinations for the first time.  In the second phase…

ZAGREB, 2 Dec 2021 - The number of Croatian industrial workers in October 2021 remained unchanged from the previous month and fell by 0.4% compared with October 2020, according to data from the National Bureau of Statistics (DZS). Compared with September 2021, the largest decrease in the number of workers was recorded in the beverage manufacturing industry (-3.7%) and the largest increase in the manufacture of other transport equipment (+4.1%). Compared with October 2020, the largest decline was registered in the mining support services sector (-16.0%) and the largest increase in other manufacturing (+6.3%). In the year to October 2021,…

December the 1st, 2021 - The much loved Garden Brewery is ready to construct a brand new, larger facility and plan their expansion to the distant Asian market. As Poslovni Dnevnik/Marija Crnjak writes, with an Advent programme they organised for the month of December, the Croatian craft brewery Garden Brewery is saying goodbye to the facility where they've brewed beer and hosted many events in the first five years of their business. They're also building a new, significantly larger brewery in Zagreb's Zitnjak area, which will enable them to triple their production and become the largest craft brewery in the…

ZAGREB, 29 Nov 2021 - The main Zagreb Stock Exchange indices decreased on Monday, the Crobex by 0.23% to 1,980 points and the Crobex10 by 0.16% to 1,213 points. Regular turnover was a little over HRK 7 million and only one stock crossed the million kuna mark, the HT telecom, turning over HRK 1.59 million. It closed at a stable HRK 184 per share. Thirty-six stocks traded today, with 12 gainings and 15 losing in price, while nine were stable. (€1 = HRK 7.519746) For more, check out our dedicated business section.

ZAGREB, 29 Nov 2021 - Expectations for the Croatian economy improved in November on the back of optimism in the construction sector, which outweighed a marked decline in consumer confidence, according to a report by the European Commission released on Monday.  The Economic Sentiment Indicator (ESI) for Croatia grew by 1.9 points from October to 111.3 points in November. Construction confidence increased the most, with the relevant indicator going up by 6.3 points. Industry confidence grew as well, by 2.8 points. Expectations in the retail and services sectors also improved, albeit much more slightly, with the indicators going up by 1.2 and 0.8…