News

March 18, 2023 - Inflation in the Eurozone weakened slightly in February, the European Statistical Office confirmed on Friday, and price increases saw a slight slowdown in the European Union as well. The Croatia inflation rate for February, though, still placed the country among the Eurozone countries with a double-digit rate. As Index writes, Eurostat confirmed the estimate of 8.5 percent growth in consumer prices in the eurozone in February, expressed by the harmonized index of consumer prices (HICP). In January, they increased by 8.6 percent. Rising food and energy prices have been the main drivers of price growth At…

March 18, 2023 - An evening of huge positivity at Lauba in Zagreb on Thursday, as Vjekoslav Majetic, CEO of DOK-ING, wins the EY Entrepreneur of the Year Award for Croatia.  About 5 years ago, soon after we moved to Varazdin, I got a phone call from Nenad Bakic, the serial entrepreneur who at the time was trying to resurrect the fortunes of the Varteks clothing company in the city. We met for a coffee, and after paying some very generous compliments about TCN, he asked how he could help with advice to grow my business. It was a very…

March 17, 2023 - Are you looking for ideas on how to spend your early spring weekend in Zagreb? Shopping malls and restaurants might seem like a waste of time for the lovely, sunny days ahead. Ideally, you would spend some time in nature, physically active and enjoying the fresh air. What better way to do that than some hiking, and what better location than Zagreb's own Medvednica? And with the clean-up campaign that is going to take place there, volunteers and associations are making sure that it's nicer, healthier, and more enjoyable for us all. As 24Sata writes, the…

March 17, 2023 - Last year, one of the most influential wine magazines in the USA, Wine Enthusiast, rated the Croatian wine Ernest Tolj Dingač of the Saints Hills winery with a high 97 points, but this year's 99 out of 100 points put it at the very top of the world, joining the elite club. As Punkufer writes, this recognition for this Croatian wine is all the greater because it is a local variety, Plavac Mali, which is increasingly recognized and appreciated globally. Small yields, great steepness, triple insolation (from the sun, sea, and stone), pure manual processing, and,…

March 17, 2023 - This partnership allows low-risk Croatian nationals with prior approval to apply for membership in the Global Entry program and thus become trusted travelers to ensure faster entry into the US. As 24Sata writes, Croatia has successfully completed all the necessary prerequisites to become a full partner in the Global Entry program, thus joining the growing list of 14 other partner countries in the Global Entry program, which includes the Republic of Argentina, the Republic of Colombia, the Federal Republic of Germany, the Republic of India, the United Mexico States, the Netherlands, the Republic of Panama, the…

March the 17th, 2023 - This week in Croatian politics, we've had an HDZ politician accused of drink driving, causing an accident, defrauding an insurance company and also seeing three police officers arrested alongside himself. On top of that, we've had more talk about healthcare reforms, resignations, and freedom for the Murter mayor who spent municipal funds in an Austrian brothel. It's been a busy week.   Goran Jandrokovic says the ''institutions are doing their job'' after an HDZ prefect was accused of driving under the influence, causing an accident, faking the circumstances of said accident and then defrauding the…

March the 16th, 2023 - The powers that be in Sibenik have been busy mounting 4K high resolution cameras that are also efficient at night, and creating an infrastructure for a city-wide, state of the art surveillance system. This is the first such project of this magnitude in all of Croatia, as every intersection, every town square, every playground will be covered with cameras. This project has been in the works for a couple of years. The City of Sibenik has taken out a big loan back in 2020 of about 3.585,000 euros. Only a portion of that money has been…

March the 16th, 2023 - Borovo has been swimming in troubled waters for a long time now, but could an otherwise wholly unpopular measure actually end up being the best solution of all for this enfeebled company? Maybe. As Poslovni Dnevnik/Marija Brnic writes, a couple of years ago, it seemed that everything regarding the survival of Borovo had finally fallen into place properly, a restructuring programme was fully drawn up, of which the consulting company KPMG was in charge. Since then, the extension of the CERP guarantees has only been approved in order to postpone the repayment of loans to…

March the 16th, 2023 - Last year was a record year for Croatian startups receiving investments, some of which involved enormous sums of money. What will 2023 be like? As Poslovni Dnevnik writes, there is no winter rest period or a sense of being ''out of season'' for Croatian startups, and despite investors' caution towards making any particularly risky investments, as much as 958.3 million US dollars were invested in Croatian startups in the first three quarters of last year alone. The aforementioned was concluded at the Algebra startup meetup, which was recently held at the Algebra campus in the City…

March 16, 2023 - Cautious trading is expected on the Zagreb Stock Exchange on Thursday, where the Crobex index could stagnate, and the focus of investors will be events on world stock exchanges, which could recover after yesterday's sharp fall. As Index reports, all analysts who participated in the Hina survey today expect Crobex to stagnate. The Crobex index sank on Wednesday by 1.76 percent, to 2,218 points, and Crobex10 by 1.73 percent, to 1,267 points. It was the biggest daily decline of these indices in the last two months, and they slipped to the lowest levels since February 27.…