Business

ZAGREB, 3 Oct, 2021 - One of Croatia's leading IT companies, Infinum, continues to expand into new markets and is opening an office in Podgorica, expecting a 25% growth this year, Infinum chief operating officer Nikola Kapraljević told Hina. "2020 was marked by global chaos caused by coronavirus, but despite the difficulties, people found a way forward and technology played a key role, so we also spent much of the year developing new processes, tools and systems. We continued to cooperate with most clients, and our teams have the opportunity to work on interesting and innovative solutions in health care, education, renewable…

October the 3rd, 2021 - The largest continental Croatian tourism project which would come to be in Bjelovar and bring endless benefits to it, is stuck in an uncertain race. As Poslovni Dnevnik/Marija Crnjak writes, the Thermal Riviera with Olympic, outdoor and indoor pools and a water park, relying on sustainable energy sources and geothermal sources, is a large sports and tourism project from Bjelovar worth 250 million kuna in a high stage of completion, and is one of the projects that already fully meet the principles. funding criteria from the National Recovery and Resilience Plan (NPOO). However, to make…

October the 3rd, 2021 - Croatian economic indicators that have been arriving over more recent months have been well and truly "trampling" on some recent forecasts on the pace of economic recovery, ie this year's GDP growth. As Poslovni Dnevnik/Jadranka Dozan writes, only a few months ago, the Croatian National Bank revised the growth estimate upwards (to 6.2 percent), and now they're calculating that Croatian GDP growth rate will reach 8.5 percent this year. The latest projection was made by Governor Boris Vujcic at the Financial Market conference held in Opatija. This is primarily based on the expected results of tourism,…

October the 3rd, 2021 - Konzum has officially taken over the Istrian Miracolo shopping chain, which the well known Croatian shopping giant has expressed its satisfaction with. Just four years ago, Konzum was associated with the failing Agrokor, which had fallen into disarray under the leadership of its former boss, Ivica Todoric. What then seemed like rocky times and high seas for the shopping brand which can be found all over Croatia, now seems to firmly be in the past. As Poslovni Dnevnik writes, this business move and take over by Konzum has completed 2021's expantion of the retail network…

ZAGREB, 1 Oct 2021 - Total household loans in Croatia in August accelerated their growth on the year from 4.3% to 4.6%, with housing loans continuing to increase from 10.6% to 10.8%, according to data provided by the Croatian National Bank (HNB) on Friday. Total lending by monetary institutions to domestic sectors (apart from the central government) in August fell by HRK 500 million or 0.2% compared to July and at the end of August they amounted to HRK 241.1 billion, the HNB reported. The annual growth rate of total placements remained at 4.1%, the same as in July. Total loans, which…

ZAGREB, 1 Oct 2021 - Croatia's exhibition at the EXPO 2020 in Dubai from 1 October 2021 to 31 March 2022 will be presented as an inspiration to great minds which is based on the EXPO's main theme "Connecting minds, creating the future," the Croatian National Tourist Board (HTZ) said on Friday. EXPO 2020 Dubai will attract 190 countries, including Croatia, whose pavilion has been named "Croatia Inspiring Great Minds." During the six months that EXPO 2020 will run, it expects about 25 million people from around the world to visit, including business people as well as government representatives, as well as many virtual visitors, with the organisers…

ZAGREB, 1 Oct 2021 - The solar sector is developing very slowly in Croatia even though the price of solar energy has never been lower, hence it is necessary to encourage greater efficiency by the competent institutions and to educate citizens, a two-day solar energy conference on the island of Hvar heard on Friday. "The price of electricity from solar power plants today is lower than ever but Croatia's solar sector is developing very slowly and the relevant procedures need to be stepped up and people need to be educated," Professor Neven Duić of the Zagreb Faculty of Mechanical Engineering and…

October the 1st, 2021 - Zagreb Holding is often splashed across the news for all the wrong reasons, but it managed to do well during the first half of 2021, reducing its losses quite significantly when compared to the same period back in pandemic-dominated 2020. As Poslovni Dnevnik/Tomislav Pili writes, Zagreb Holding reduced its losses in the first half of the year according to the consolidated report for the group, and the biggest ''weight'' in terms of finances for the business came from its Cistoca subsidiary. The announcement on the Zagreb Stock Exchange states that the group recorded 1.96 billion…

September 30, 2021 -The New Life Centre is a Petrinja container business centre offering locals the chance to go back to their businesses as the town still awaits the completion of its post-earthquake reconstruction. The container settlements of Petrinja, the aftermath of the December 29 earthquake, are certainly not a cheery place to live as the locals await the reconstruction of their Central Croatian town to be completed. The reconstruction process isn't over just yet, but the spark of hope for a new, better life after a tough year can be seen with the opening of the New Life Centre.…

September 30, 2021 - Today, the first student conference linked to the tourism sector will begin in Opatija. W4T, or Wave 4 Tourism, includes a three-day program full of interesting discussions, experienced speakers, and many insights on the future of the industry. W4T, or Wave 4 tourism, is the name of the student conference, which is held at the initiative of students of the Faculty of Management in Tourism and Hospitality in Opatija, the cradle of Croatian tourism, which is also an ideal meeting place for all students of tourism and related fields throughout Europe, reports HrTurizam.hr. The official program begins…