Business

October the 20th, 2021 - Following the recent Croatian Uber driver strike which saw drivers across the country refer to themselves as ''digital slaves'' and voice their clear dissatisfaction, arrears have been paid out. As Poslovni Dnevnik/Marija Crnjak writes, the union of digital platform workers assessed the recent Croatian Uber driver strike as having been successful, although they don't have the exact data on the number of drivers across the country who participated in it. The strike was announced last Friday due to delays in payments to drivers from the company, and lasted from 07:00 to 10:00, without blocking the…

ZAGREB, 20 October, 2021 - The new Labour Act will regulate platform work and will seek to reduce all forms of precarious work, undeclared work and unfair competition, Labour and Pension System Minister Josip Aladrović said in an interview with the HRT public broadcaster on Tuesday evening. An estimated 30-40,000 workers, mostly young people, engage in platform work in Croatia, he said. Responding to the interviewer's remark that no EU country has managed to regulate this kind of work, Aladrović said that Croatia would be the second country in the EU after Ireland to do so. "We expect to be…

October the 19th, 2021 - Following a name change to rid the company of its negative associations, the famous Cibona tower, the former seat of the formerly untouchable Ivica Todoric's all powerful Agrokor is now up for sale. The attractive space may well be appealing to many, but for many Croatian businesses, bad energy may dominate and throw a spanner in the works for a quick sale. It seems a lifetime ago that the potential collapse of Agrokor was the single biggest threat to the Croatian economy. It seems like a much smaller concern in comparison to the economic situation…

October 19, 2021 - Adria Business Network 17 will be held on October 27 with entrepreneur Dražen Oreščanin. Adria Business Network is entering its third season and is proud of their 17th edition, organized by successful entrepreneurs Željka Barišić, owner of Forca Digital Agency (www.forcadigitalagency.com), and Lee Kosović, owner of LOL Event Management (www.lol.hr). Guests will also be able to follow current moderator Kristina Krstinić in the role of a lecturer and consultant for EU funds on their new EU Business Brunch platform. The first Adria Business Network event this season will take place on October 27, 2021, at 6…

ZAGREB, 18 Oct 2021 - The main Zagreb Stock Exchange (ZSE) fell on Monday amid increased turnover, with the Crobex dropping by 0.26% to 2,042.40 points and the Crobex10 decreasing by 0.14% to 1,244.38 points. Regular turnover amounted to HRK 9.6 million, or HRK 3.5 million more than on Friday. The highest turnover, of HRK 2.3 million, was generated by the stock of the Tankerska Next Generation shipping company. Its price dropped by 1.41% to HRK 42 per share. That was the only stock to cross the million kuna mark in turnover. (€1 = HRK 7.511955) For more, check out…

ZAGREB, 18 Oct 2021 - In 2020, there were 914 businesses in Croatia's grain-based food industry, and they employed over 15,000 workers and earned HRK 4.5 billion, according to data provided by the Finance Agency (FINA). Those businesses, specialized in producing grain-based foods that may include bread, cakes, pies, pastries, and similar foods, saw a 2% drop in the headcount to 15,121. The bakery industry's revenues of HRK 4.5 billion contracted by 6.1% compared to 2019, and its expenditure also dropped by 4.5% to HRK 4.34 billion. As a result, the consolidated net profit of those 914 businesses was HRK 96.1 million,…

October 18, 2021 - As part of the Uber drivers strike in Croatia, a press conference was held. They claim: ‘‘We cannot get in touch with the company. We have not received an explanation as to why the money is late and when it will be paid. (...) We feel like digital slaves’’. This morning, Uber drivers went on strike in Zagreb and its surroundings because their salaries were late, reports Telegram.hr. The salary that was supposed to sit last Tuesday was paid this morning, and Uber claimed over the weekend that the delay was due to an error in…

October the 17th, 2021 - The Croatian Rasco company is well known for its e-cleaners, primarily the Lynx system about which quite a lot has been written. They now hope to step out and conquer the demanding global market with their products. As Poslovni Dnevnik/Darko Bicak writes, after presenting their innovative self-propelled cleaner (Lynx) two years ago, the Croatian Rasco company from Kalinovac near Djurdjevac recently presented the electric version of this utility cleaner under the brand Lynx Charge. As explained by Ivan Franicevic, President of the Management Board of the Croatian Rasco company, the Lynx project was designed back…

October the 17th, 2021 - One large and well known company is set to invest a massive 800 million kuna into creating new hotels and summer resorts on one beautiful Dalmatian island. As Poslovni Dnevnik/Marija Crnjak writes, the Supervisory Board of the hotel company Helios Faros from Stari Grad on the island of Hvar has adopted the proposal of Capital Investments (Capex) for 2022 in the total amount of 223.2 million kuna, the company has reported. This represents a continuation of investments in the repositioning of the tourist portfolio of this successful Hvar-based hotel company, which was taken over by…

ZAGREB, 16 Oct, 2021 - Agriculture and the energy industry are the two main sectors enabling each society and state to function normally, and therefore in the next decade, €7.5 billion will be invested in the agricultural sector, Prime Minister Andrej Plenković said in Zagreb on Saturday. Addressing an Agriculture Ministry event dedicated to promoting farming, fisheries and forestry, the Prime Minister said that his cabinet spared no effort to help agricultural producers, the food and timber industries and the fisheries. The government has sent to the parliament a draft strategy on agriculture, and the document, which should be adopted this year, envisages investments in agriculture…