News

Thursday, 24 February 2022

ZSE Indices Plunge By 6.5%

ZAGREB, 24 Feb 2022 - The main Zagreb Stock Exchange (ZSE) indices plummeted by 6.5% on Thursday to their lowest levels since September 2021, amid a high turnover, which indicates some investors are withdrawing from the market. The Crobex plunged by 6.48% to 1,983 points, which is its biggest daily fall since March 2020, while the Crobex10 plummeted by 6.47% to 1,201 points. All sector indices fell significantly, with the construction and industry indices seeing the sharpest drop, of 10.14% and 9.01% respectively. The Crobex indices followed the decline of world indices, which are under pressure due to Russia's attack on…
Thursday, 24 February 2022

HT Posts HRK 614M In Net Profit in 2021

ZAGREB, 24 Feb 2022 - Hrvatski Telekom (HT) generated a net profit of HRK 614.4 million in 2021, which is 7.1% more than in 2020, the telecommunications company reported on Thursday. According to the information published on the Zagreb Stock Exchange, HT ended the year with total revenue of HRK 7.5 billion, which is one percent less than in 2020 while the HT Group's "organic revenue" in 2021 registered an increase of 1.1% on the year. Total consolidated net revenue decreased by HRK 64 million or 0.9% y-o-y with the group's revenue decreasing by 1.1% while Crnogorski Telekom in Montenegro registered…
Thursday, 24 February 2022

Caritas Croatia Collecting Relief For Ukraine

ZAGREB, 24 Feb 2022 - Caritas Croatia said on Thursday it had launched a humanitarian drive to collect relief for Ukraine after Caritas Ukraine's emergency call for help via the Caritas Internationalist solidarity network. National members of Caritas Europa are in daily contact with Caritas Ukraine, following the situation and developing relief plans. Today Caritas Croatia representatives took part in a Caritas Europa virtual meeting. In the next 24 hours, Caritas Europa members will say how much material support in kind is available to meet Caritas Ukraine's needs. Emphasis is on equipment used in crisis situations caused by war, Caritas Croatia said. It will carry out…
Thursday, 24 February 2022

Croatian Parliament Issues Declaration Condemning Aggression Against Ukraine

ZAGREB, 24 Feb 2022 - The Croatian parliament's Foreign Affairs Committee on Thursday unanimously adopted a declaration on Ukraine strongly condemning Russia's unprovoked aggression on its sovereignty, territorial integrity, and independence. The declaration states that the Croatian parliament calls on Russia to immediately stop the military attack and withdraw its troops from Ukrainian territory. The parliament also condemns the recognition of the self-proclaimed Donetsk and Luhansk regions as independent entities because that act represents a gross violation of Ukraine's sovereignty and undermines the foundations of the international order. It is also said that it gives full support to the territorial…
Thursday, 24 February 2022

Ukraine Situation Brings New Period Of Uncertainty, Croatian Tourism Association Says

ZAGREB, 24 Feb 2022 - Croatian Tourism Association director Veljko Ostojić said on Thursday that after two years of the pandemic, the latest events in Ukraine brought another period of insecurity and uncertainty. Any war situation, regardless of the vicinity, deters from travel, he told Hina, adding that at the moment it is impossible to predict how the Russia-Ukraine crisis will impact Croatia's tourism. He said one could expect bookings on the main markets to slow down in the days ahead, but is confident in last-minute bookings as in the last two years. Croatia's big advantage is that it's predominantly an auto…
Thursday, 24 February 2022

Croatia's Energy Supply Not In Question, Economy Minister Says

ZAGREB, 24 Feb 2022 - Economy Minister Tomislav Ćorić said on Thursday Croatia's supply with key energy sources was not in question despite the escalation of the Ukraine crisis and that if prices continued to increase over a longer period of time, the government would consider how to respond. Speaking to the press after a cabinet session, Ćorić said the supply with gas and oil "has not been brought into question at all" at the moment and that "everything will be under control." "We hope the war operations will cease and things be brought in order, " he added. "That's…
Thursday, 24 February 2022

Croatia Plans To Send Up To 10 Soldiers To NATO's Rapid Response Force

ZAGREB, 24 Feb 2022 - The Croatian government has adopted a draft decision on deploying up to 10 Croatian soldiers in the NATO Response Force (NRF), the defense ministry stated on Thursday when Russia started invading Ukraine. The draft decision has been forwarded to President Zoran Milanović, the supreme commander of the armed forces, for adoption, the press release reads. According to Defence Minister Mario Banožić, Croatian troops will be part of the "Very High Readiness Joint Task Force" (VJTF) within the alliance's Response Force. That means that they will be ready within a few days. During the Prague summit in 2002, NATO decided on…
Thursday, 24 February 2022

Protective Masks No Longer Mandatory In Classrooms

ZAGREB, 24 Feb 2022 - Education Minister Radovan Fuchs on Thursday said that students and teachers would no longer be required to wear masks during lessons as of Monday and that restrictions related to excursions and outdoor lessons would be relaxed. "As we announced, as of next week masks will no longer be required during classes," Minister Fuchs told reporters after the cabinet meeting, adding that the decision was coordinated with the Croatian Public Health Institute and epidemiologists. Masks will still be required in public transport and hallways in schools. Wearing protective masks will no longer be mandatory for teachers,…
Thursday, 24 February 2022

In 20 Years Utility Bills in Croatia 85% Dearer, Daily Says

ZAGREB, 24 Feb 2022 - Prices in Croatia increased by 43.4% from 2001 to 2021 while utility bills were 85% more expensive and inflation affected pensioners and single households the most. In January, inflation accelerated by 5.6% in the European Union and by 5.1% in the euro area. In Croatia, inflation also picked up at the start of this year to 5.5% from December's 5.2%. The highest inflation rates in the EU were registered in the Baltic countries while the majority of countries in central and eastern Europe had inflation rates of above 6% and close to 9%. The prices…
Thursday, 24 February 2022

Young People Should Be Taught About EU Before University - Panel

ZAGREB, 24 Feb 2022 - Croatia should work on the political education of its young people because they are not taught enough about the European Union's structure and policies before their school-leaving exam, a panel was told in Zagreb on Thursday. The panel, entitled "The EU and Youth - Communication Noise", was devoted to communication between the EU institutions and citizens, in particular young people. Many citizens are not acquainted with the responsibilities of the European Parliament, European Commission, European Council, and the Council of the European Union, and young people in Croatia are no exception, even though they have…
Thursday, 24 February 2022

Plenković: Croatia Will Support Sanctions Against Russia, Help Ukraine

ZAGREB, 24 Feb 2022 - Croatia will support the sanctions against Russia and is ready to provide Ukraine with humanitarian and technical assistance, Prime Minister Andrej Plenković said on Twitter on Thursday, calling on Russia to halt its military operations. "We will support the sanctions package and are ready to provide humanitarian and technical assistance to Ukraine," the Croatian PM wrote, calling on Russia to immediately stop its military operations that put innocent people in danger. Plenković met with Ukrainian Ambassador Vasyl Kyrylych on Thursday morning, saying that "the Croatian government condemns in the strongest terms Russia's invasion and aggression on Ukraine."…

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