News

ZAGREB, 23 April 2022 - An earthquake measuring 6.1 on the Richter scale struck southeastern Bosnia and Herzegovina at 11.07 pm on Friday, the Croatian Seismological Service reported. The epicentre was 19 kilometres east of the town of Stolac. Another, 3.7 magnitude tremor was recorded at 23.14 pm in the same area. The European-Mediterranean Seismological Centre registered three aftershocks measuring 3.1, 2.7 and 3.9 on the Richter scale. The earthquake was also felt in neighbouring Croatia and Montenegro. According to local health authorities, a 28-year-old woman was killed in Stolac after a rock fell on her house and several people in the region suffered…

April the 23rd, 2022 - A brand new initiative to breathe life back into Zagreb markets, which were a traditional place for everything from purchasing goods to socialising for centuries, hopes to achieve good results here in the capital. As Poslovni Dnevnik writes, this new initiative of the Civic Platform "1postozagrad" which wants the Zagreb markets to remain lively even after regular working hours, wants to bring back the level of significance the city's markets boast. The idea is for the selected Zagreb markets to get their own recognisable fair that would be held once a week, modelled on what…

April the 23rd, 2022 - The old part of Zagreb's Vlaska Street is set to become an exclusively pedestrian zone. This move comes as more and more plans are in the works to expand the heart of the capital's pedestrian zones and to gradually eliminate traffic in certain areas. As Poslovni Dnevnik writes, the old part of Vlaska Street, between Draskoviceva and Palmoticeva, is set to become an exclusively pedestrian zone, which will be welcome news to some, and a source of irritation to others. The profession is worried that the move will create traffic jams on other roads in…

April the 23rd, 2022 - Can the Croatian financial sector withstand the consequences of the war in Ukraine following the Russian invasion? Experts say yes. As Tomislav Pili/Poslovni Dnevnik writes, the Croatian financial sector isn't immune to the consequences of the ongoing war in Ukraine, but there will be no big problems because it is strong enough to withstand whatever the outcome may be, according to the Macroprudential Risk Scanner of the Croatian Financial Services Supervisory Agency (Hanfa). The growth of geopolitical risks caused by the Ukraine-Russian war increased systemic risks in the financial services sector back in February by increasing…

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…

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…

ZAGREB, 22 April (2022) - No explosive device has been found at Zagreb's Arena shopping centre, the police told Hina on Friday, adding that they are continuing to establish all the circumstances related to this event. In the afternoon, the police evacuated the shopping centre following an anonymous tip that an explosive device had been planted there. Mayor Tomislav Tomašević visited the scene, saying that if it was a hoax, he expected the police to find and most severely punish "the idiot playing with the nerves of the people of Zagreb after  (two) earthquakes, the pandemic and the crash of a…

ZAGREB, 22 April (2022) - The main Zagreb Stock Exchange (ZSE) indices fell slightly on Friday, with the Crobex decreasing by 0.09% to 2,134 points and the Crobex10 by 0.1% to 1,285 points. Turnover at the close of the trading session amounted to HRK 7.5 million, roughly the same as on Thursday. Three stocks passed the turnover mark of one million kuna. The highest turnover, of HRK 1.8 million, was generated by the stock of the Valamar Riviera hotel company. Its price fell by 1.39% to HRK 35.50. The stock of the HT telecommunications company turned over HRK 1.5 million,…

April 21, 2022 - The first sustainable hotel in Hvar town designed according to the latest environmental principles will open in July this year. It is located in the city center, on the famous Hvar waterfront. The hotel in question that is being renovated is the annex of the old hotel Dalmacija. Upon completion, this 4-star hotel will shine in new splendor. Moreover, it will be renamed Beach Bay Hvar Hotel, which will emphasize its superlative position along a natural pebble beach a few meters from the entrance to the hotel. All rooms and suites have a view of the picturesque…

ZAGREB, 22 April (2022) - The State Attorney's Office (DORH) said on Friday it was conducting inquiries into Construction, Physical Planning and State Assets Minister Ivan Paladina and examining criminal complaints filed against him. DORH said Paladina confirmed that complaints had been filed against him and that, after examining some of them, it decided to dismiss them. DORH said it requested that the remaining complaints be examined. According to the Index web portal, prosecutors are looking into Paladina's acquisition of bonds in the IGH construction company. Paladina says nothing new in report on inquiries Responding to DORH's press release, the minister said it…