News
Monday, 17 January 2022
FinMin: All Efforts Should Be Taken to Prevent Unfair and Excessive Prices
ZAGREB, 17 Jan 2022 - Finance Minister Zdravko Marić on Monday called on all stakeholders in the society, including media and major actors in the euro changeover in Croatia, to do their utmost to prevent anyone from using this process to "fish in troubled waters" and charge unfair and excessive prices. Addressing a news conference at which he, together with Prime Minister Andrej Plenković and Croatian National Bank (HNB) governor Boris Vujčić, outlined a draft act on the introduction of the euro as legal tender in Croatia, Marić underscored the obligation to display prices both in kuna and euro from 5 September through the whole of…
Monday, 17 January 2022
ZSE Indices Continue Winning Streak
ZAGREB, 17 Jan 2022 - The main Zagreb Stock Exchange (ZSE) indices continued to rise on Monday, with the Crobex growing for the 17th consecutive day, and as many as five stock crossed the million kuna mark in turnover. The Crobex increased by 0.75% to 2,187 points, reaching its highest level since March 2017, and the Crobex10 rose for the 6th consecutive day, by 0.89% to 1,331 points, reaching its highest level since 2009, when it was introduced. Regular turnover was HRK 14.3 million, or HRK 3.6 million more than on Friday. The highest turnover, of HRK 3.95 million, was…
Monday, 17 January 2022
Carnival Festivities Start in Rijeka with Handover of City Key
ZAGREB, 17 Jan 2022 - The 39th edition of the Rijeka carnival started on Monday on the feast day of St Anthony the Abbot with the traditional ceremony of handing over the key to the city to carnival revelers, who even during the pandemic temporarily took over this seaport. At the formal ceremony, which due to the pandemic and epidemiological measures this year took place in the city administration building, present were Mayor Marko Filipović, director of the Rijeka Tourist Board, Petar Škarpa, the Carnival' longtime master Toni, his successor Sandi Pribanić and the Carnival Queen Dora Pilepić. Director of the…
Monday, 17 January 2022
ECHR Awards Convicted War Criminal Compensation for Unfair Trial
ZAGREB, 17 Jan 2022 - The European Court of Human Rights (ECHR) has awarded Marinko Pozder, convicted in absentia for war crimes committed in Škabrnja, a compensation of €4,000 for non-pecuniary damage and €2,000 for the costs of the proceedings due to the violation of his right to a fair trial, ECHR has reported. ECHR notes that the court's decision is final. Pozder was convicted in absentia in 1998 and sentenced to 20 years in prison for war crimes against civilians in the village of Škabrnja in the Zadar hinterland, after which he called for a retrial in 2012 which was rejected…
Monday, 17 January 2022
Some Can't Appreciate Croatia's Success, PM Says
ZAGREB, 17 Jan 2022 - Croatia's EU entry was difficult because it was necessary to make up for the lost war years, Prime Minister Andrej Plenković said on Monday, adding that some could not appreciate that today. Speaking at the Zagreb Faculty of Law on the topic "Croatia's international position: from independence to new challenges and opportunities," he recalled Croatia's difficult path to the recognition of its independence during the Greater Serbia military aggression and later on to EU membership. "Entering the Union was a process that was anything but simple... In the 90s, unlike other Central and Eastern European countries,…
Monday, 17 January 2022
Central Bank Governor: Citizens Hold Cash Amounting to HRK 36 Billion
ZAGREB, 17 Jan 2022- Croatian National Bank Governor Boris Vujčić said on Monday that inflation might be the most serious potential "cost" of introducing the euro, however, this year, that influence on the total inflation rate could be less than 10%, so he believes this isn't something to be overly bothered about. Vujčić added that the rest of the inflation will be generated from entirely different sources, primarily the prices of energy. He expects that the first half of this year will see strong inflationary pressure whereas "deflating" is expected in the second half. Vujčić said that the best prevention against…
Monday, 17 January 2022
Croatia FM: Good Relations with Ukraine Don't Rule Out Good Relations with Russia
ZAGREB, 17 Jan 2022 - Croatian Foreign Minister Gordan Grlić Radman thanked his Russian counterpart, Sergey Lavrov, on Monday for Moscow's support when Croatia was gaining independence in the early 1990s and said that Croatia's "good relations with Ukraine do not rule out good relations with Russia." Grlić Radman was on a return visit to Lavrov and the first EU minister in Moscow this year. Croatia and Russia will mark 30 years of diplomatic relations on 25 May. Russia recognized Croatia on 17 February 1992, a month after EU member states did. Speaking at a press conference, Lavrov said Russia saw Croatia as "a respected European…
Monday, 17 January 2022
Plenković: No One Can Be Happy with Decrease in Population
ZAGREB, 17 Jan 2022 - Prime Minister Andrej Plenković said on Monday that no one can be pleased with the population decrease but it was not unexpected, stressing that the government will do everything to mitigate the negative trends and improve the positive ones and noting that demographic issues go beyond the framework of one government. After presenting the bill to adopt the euro as legal tender in Croatia, the prime minister was asked by the press to comment on the 2021 population census, which shows that Croatia has 396,000 fewer residents than ten years ago. "Naturally, these results are not good, no one…
Monday, 17 January 2022
Croatia to Display Prices Both in Kuna and Euro as of September 5
ZAGREB, 17 Jan 2022 - Prime Minister Andrej Plenković on Monday announced a dual display of prices in Croatia, both in kuna and in euro, from 5 September through the whole of 2023. Plenković made the announcement at a press conference where he unveiled the bill proposing the adoption of the euro as legal tender in Croatia. He was accompanied by Finance Minister Zdravko Marić, Economy and Sustainable Development Minister Tomislav Ćorić, and Croatian National Bank (HNB) Governor Boris Vujčić. The bill was put to public consultation today and the final proposal is expected to be sent to Parliament for…
Monday, 17 January 2022
Croatia's Annual Inflation Rate in Dec Reaches 5.5%, Highest Since Oct 2008
ZAGREB, 17 Jan 2022 - Prices of consumer goods and services in Croatia, as measured by the consumer price index, increased by 5.5% in December 2021 compared with December 2020, while in the whole of 2021 they rose by 2.6% year on year, the State Bureau of Statistics (DZS) said on Monday. The annual inflation rate in December was the highest since October 2008, when it was 5.9%. Compared with November 2021, consumer prices on average stayed the same. The highest year-on-year price increase was observed in transport, of 11.4%, which was largely generated by fuel price increases, of 22.5% on an annual…
Monday, 17 January 2022
Croatia Expects 200,000 Russian Tourists this Year
ZAGREB, 17 Jan 2022 - Croatia expects a record number of Russian tourists this year, and last year saw a record volume of commodity trade in the past few years, it was said on Monday at the start of an official visit to Russia by Croatia's Minister of Foreign and European Affairs Gordan Grlić Radman. Grlić Radman is on a reciprocal visit to Moscow where he will meet with his Russian counterpart Sergey Lavrov after Lavrov visited Zagreb in December 2020. In the morning, Grlić Radman met with representatives of Croatian companies which are members of the Croatian-Russian Business Club. "The fact that the visit…
