News

ZAGREB, 29 Sept, 2021 - The Zagreb Stock Exchange (ZSE) Crobex index on Wednesday decreased by 0.21% to 1,983 points, while the Crobex10 increased by 0.03% to 1,126 points. Regular turnover was HRK 13.3 million. Again, the most traded stock was the Podravka food company, which turned over more than HRK 4 million, closing at a record-high HRK 636 per share, up 1.3%. Podravka has been recording an increase in turnover for three weeks, during which time its shares have mainly been bought by the Pivac meat industry, which holds 3.18% of Podravka's equity. Forty-four stocks traded today, with 12 increasing…

ZAGREB, 29 Sept, 2021 - Expectations for Croatia's economy in September 2021 came close to the pre-pandemic level, supported by confidence in services and retail trade, while consumer confidence was down, a European Commission report said on Wednesday. In September 2021, the Economic Sentiment Indicator (ESI) in Croatia went up 0.7 points on the month to 112.7, its highest level since February 2020, just before the pandemic broke out, when it was  at 113 points. Services and retail trade confidence saw the highest increases, by 3.3 and 3 points, respectively, while industry confidence increased by 0.4 points. Construction confidence decreased by 0.8…

ZAGREB, 29 Sept, 2021 - Addressing the central ceremony of Croatian Police Day, Interior Minister Davor Božinović said on Wednesday that the police were "engaged in all areas of national security" and that their role in many other segments was irreplaceable. During the ceremony held in Zagreb, when the police observed their day on 29 September, the feast of their patron saint, St. Michael, Minister Božinović said that until the end of the term of the current government, all the working processes of the law enforcement authorities would be digitalised. Police Director Nikola Milina said that police work had focused on detecting tax frauds and…

ZAGREB, 29 Sept, 2021 - President Zoran Milanović said on Wednesday that as far as Zagreb's post-quake reconstruction was concerned, the processes "are already entering the red zone", warning that the financial situation in Zagreb is not good because the previous city administration brought it to the edge of the abyss. "If we are talking about Zagreb's reconstruction we are already entering the red. The financial situation in the City of Zagreb, as far as I have heard, is not good and not because of its current authorities but its previous administration. They invoiced or tried to invoice and give away anything possible…

ZAGREB, 29 Sept, 2021 - Finance Minister Zdravko Marić told a press conference on Wednesday that the money from the National Recovery and Resilience Plan (NPOO) would be granted only to those that met all the criteria. The European Commission on Tuesday disbursed €818 million to Croatia in a pre-financing payment under the Recovery and Resilience Facility (RFF), which is equivalent to 13% of the country's total financial allocation under the RRF. Marić said that the government had agreed the pace of expenditure and implementation of reform and investment measures. He said he expected at least 50 projects to be…

ZAGREB, 29 Sept, 2021 - The Zagreb Holding Group had a loss of HRK 60.8 million in the first six months of 2021, which is significantly less in comparison to the H1 2020, when the loss amounted to HRK 139.6 million, the group's financial statement released on the Zagreb Stock Exchange on Wednesday indicate. The Zagreb Holding Group comprises the Zagreb Holding d.o.o., which is completely owned by the City of Zagreb and its 14 branches and 8 companies and institutions. The Group's total revenue in the first six months of 2021 amounted to HRK 2.02 billion, which is 7% more year…

September 29, 2021 - Dutchman Olav Kooij, a member of the Jumbo-Visma team, won the CRO Race 2nd stage from Slunj to Otočac (187 kilometers) and took the lead in the overall standings. Kooij, who was second in the first stage on Tuesday in Varaždin, positioned himself much better before the final sprint, broke out at the head of the main group about 100 meters before the finish line and won over Israeli Itamar Einhorn (Israel Start-Up Nation) in 2nd and Australian Caden Groves (Team Bikeexchange) in 3rd, reports HRT. "Today's stage was much more demanding than yesterday's, but it suited…

September 29, 2021 - Hotel Dalmacija in Makarska will undergo complete reconstruction and refurbishment following the Valamar [PLACES] brand standards. HRTurizam reports that the Supervisory Board of Imperial Riviera d.d. approved an HRK 67 million investment in repositioning Hotel Dalmacija in Makarska as [PLACESHOTEL] by Valamar. The investment continues the announced five-year cycle of investments in Croatian tourism worth HRK 1.5 billion, which AZ pension funds and Valamar Riviera jointly launched. The Covid crisis has temporarily halted and slowed down the investment plan, which is why investments started in 2019 were finalized only in 2021. Still, the approval of investments in…

September 29, 2021 - The Tricky Women/Tricky Realities Festival online event presents Croatia with thirteen female animation authors who talk about gender inequality and other issues of the modern world. Online event hosting obviously gained momentum during the coronavirus pandemic, as going out became risky for public health. The advent of the vaccine has seen Croatia slowly but steadily returning back to public event hosting, but there are some exceptions. Maybe it's the extra precauiton due to Croatian vaccine scepticism, or maybe just the possibility of less expensive organisation and more potential for attending regardless of your location on the map,…

ZAGREB, 29 Sept, 2021 - Croatia has registered 1,911 new coronavirus cases and 14 COVID-19-related deaths in the last 24 hours, the national coronavirus response team reported on Wednesday. The number of active cases now stands at 8,101, and 745 infected persons are receiving hospital treatment, including 99 who are on ventilators. Since 25 February 2020, when the first case was confirmed in Croatia, 403,080 people have been registered as having contracted the novel virus, of whom 8,628 have died and 386,351 have recovered, including 896 in the last 24 hours. 21,164 people are currently self-isolating. To date, 2,813,356 people…