News

September the 14th, 2021 - The topic of new Croatian euro coins is being intensively discussed among all involved parties as Croatia's entry into the Eurozone edges ever closer. As Poslovni Dnevnik writes, a memorandum of understanding was recently signed by the Executive Vice President of the European Commission Valdis Dombrovskis, the Commissioner for Economy Paolo Gentiloni, the President of the Eurogroup Paschal Donohoe and the Governor of the Croatian National Bank Boris Vujcic. A memorandum of understanding between Croatia, eurozone members and the European Commission on the start of production of new Croatian euro coins and preparatory activities before…

September the 14th, 2021 - While the International Monetary Fund (IMF) predictions for Croatian economic growth in 2021 are optimistic, it's worth noting that Croatia had no only the coronavirus pandemic to deal with, but two devastating earthquakes, too. Both lead to a drop in economic activity of eight percent last year. As Poslovni Dnevnik writes, the Croatian economy has been exposed to enormous levels of stress caused by numerous factors over the past eighteen or so months, but it is showing resilience and its strong recovery is predicted for both this and next year, with GDP growth of 5.4…

September the 14th, 2021 - As Croatia prepares to adopt the euro as its national currency and send the kuna to the history books, just how much time do we actually have to switch any kuna cash to euros? As Poslovni Dnevnik writes, last Friday, at a Eurogroup meeting in the Slovenian capital city of Ljubljana, a "Memorandum of Understanding" was signed between the European Central Bank, the Croatian National Bank and the European Commission. Tihomir Mavricek, Executive Director of the CNB's Cash Department, spoke about the bureaucratic phrase (memorandum of understanding) regarding the issuance and production of euro coins…

September 13, 2021 - September 21 is officially celebrated as International Plavac Mali Day! Croatia has a unique wine history dating back 5000 years, and four key wine regions, each growing distinct grape varieties – Slavonia and Danube, Uplands, Istria, and Dalmatia. Croatia’s gastronomic offerings have been on the rise and its exceptional wines are beginning to get the attention they rightfully deserve. With the recent changes in economic development in the region, it has quickly become a sought-after destination for many around the world. While tourism is a very strong industry sector, Dalmatia has also invested in the IT…

September 13, 2021 - The Museum Practicum Project by the Museum of Contemporary Art Zagreb (MSU) will teach 30 selected young people aged 15-25 about the professions of curator and other museum jobs, as well as contemporary art while giving them a chance to promote their own work. With the many good practices of additional education and popularising scientific and educational fields for young people (such as the SCOPE Project by the Višnjan Observatory), the Museum of Contemporary Art (MSU) in Zagreb is also making its contribution in line with their field. Their Museum Practicum project that started on September…

September 13, 2021 - The City of Dubrovnik limits single-use plastics as part of the EU 'Plastic Smart Cities' project.  Within the EU project "Plastic Smart Cities," the City of Dubrovnik, as well as institutions and companies (co) owned by the City, will limit the use of single-use plastics. This also comes as part of the Decision adopted at the last City Council session and previously, in April, the Action Plan for the Reduction of Plastic Pollution in the City of Dubrovnik from 2021 - 2026, reports HRTurizam. The decision on restricting single-use plastics enacts measures which, administrative bodies, institutions,…

ZAGREB, 13 Sept 2021 - Finance Minister Zdravko Marić said on Monday that the introduction of the euro as the sole legal tender would impact Croatia's credit rating, and quoted the Fitch agency's presumption that the country's admission to the euro area would raise its credit rating by two notches. Addressing a meeting of the National Council for the introduction of the Euro as Official Currency in Croatia, which was also attended by the EC Vice President Valdis Dombrovskis, Minister Marić recalled that the 2020 COVID-19 pandemic triggered off a rise in the budget gap, and last year the general government deficit amounted to…

ZAGREB, 13 Sept 2021 - Prime Minister Andrej Plenković said on Monday he was confident Croatia would be ready to enter the euro area on 1 January 2023. Speaking at the 11th meeting of the national council for the introduction of the euro as Croatia's official currency, Plenković said Croatia had the full support of the European Commission and the European Central Bank to join the euro area. "We approached this process in a very structured way, carefully. We believe we will fulfill in time all the commitments we undertook by entering the Exchange Rate Mechanism." He said the government regularly discussed…

ZAGREB, 13 Sept 2021 - Several protesters gathered outside Krapinske Toplice Primary School on Monday morning to support a parent who does not want his child to wear a protective mask while attending classes, and also an expert team is expected to arrive to provide psychological assistance at the site. The pupil concerned on Monday again came to school without a protective mask and was denied access to the school building. The first protest of this kind was held on Friday when about 20 people rallied because that boy, who refuses to wear a face mask, had been banned from entering…

ZAGREB, 13 Sept 2021 - Enterprises from Zagreb, Osijek, and Varaždin top the ranking considering the 2020 consolidated net profit broken down by cities, shows an analysis of data provided by the Financial Agency (FINA). The remaining seven cities that make the top ten list in this survey are Karlovac, Sveta Nedelja, Rijeka, Čakovec, Solin, Vukovar, and Kutina. Businesses in the top 10 cities make up 4/5 of total net profit of all businesses in Croatia The consolidated net profit of the businesses registered in all those ten cities in 2020 was HRK 16.6 billion, and the consolidated net profit of…