Monday, 28 January 2019

Education on EU Projects for Croatian Students Advantageous for Job Market

Concrete steps are being made to better acquaint Croatia's students with the importance of knowledge about EU projects, knowledge which will be advantageous on the labour market.

As Lucija Spiljak/Poslovni Dnevnik writes on the 27th of January, 2019, representatives of the Ministry of Regional Development and EU Funds and the Faculty of Economics of the University of Zagreb signed a cooperation agreement worth three million kuna, which will enable students to acquire skills and knowledge in the field of EU funds for professional practice.

This is a project that has been being discussed in the aforementioned ministry for a long time, and now partnerships through signing this contract have been formalised by the dean of this higher education institution, Jurica Pavičić, and Minister of Regional Development and EU Funds, Gabrijela Žalac. Another partner of the project is the Department of Economics of the University of Zadar, whose representatives will subsequently sign the same contract.

"It's a great pleasure for our students to have the opportunity to improve themselves in something that is important for them, their careers, and to their future employers. Students have recognised the importance of knowledge about EU funds and have shown great interest in this area, aware that this will be an important component when they go out to look for a job. We're glad that we've partnered with the Ministry and that the University of Zadar is ready to join in with this project,'' said the Dean.

The cooperation agreement also concerns the strengthening of the Regional Development Academy, which has been in existence for many years within the ministry and cooperates with the University of Zagreb and faculties at the project level, in the interest of enhancing cooperation on the issue of student education, which is the backbone of regional development and the management of EU structural and investment funds.

"We want to strengthen our capacities at all levels so that through the professional knowledge and mentoring of our people in the Ministry of Economics, students from Zagreb and Zadar are able to train for the labour market. Our students have a decisive role in the dynamics of fundraising and the socio-economic progress of the coming period. The aim is to build a strategic partnership with healthcare institutions in the Republic of Croatia. We've been a full member of the EU for five and a half years and I think it's now time to allow students to acquire knowledge and skills in the area of ​​EU funds management and their use,'' said the minister, adding that European structural and investment funds make up 80 percent of public investments in the Republic of Croatia.

"Since we're the youngest member state of the EU, we're still at the beginning. This seven-year financial period, when we'll use European funds for the very first time, will certainly be a great experience for what follows in 2021,'' said Žalac, mentioning that MRRFEU and the Central Finance and Contracting Agency for EU Programs and Projects conducted research with results which show that there are 2700 experts missing in Croatia for the field of implementing EU projects.

"Therefore, we'd like to enable our students of economic orientation to provide professional practice with the help of EU funds, to provide new useful facilities for building a business career, with additional values ​​that strengthen their competence on the labour market," added Minister Žalac before thanking everyone who participated in the implementation process of this project.

Make sure to follow our dedicated politics page for more information on EU projects and much more.

 

Click here for the original article by Lucija Spiljak for Poslovni Dnevnik

Saturday, 26 January 2019

Minister Oleg Butković Visits Company with Largest Fleet of Boats in World

As Morski writes on the 26th of January, 2019, Minister Oleg Butković spent some time in Shanghai and Ningbo where he met with the representatives of the giant shipping company COSCO Shipping.

The Minister of Maritime Affairs, Transport and Infrastructure also visited the port of Ningbo, the only port in the entire world which has shipped more than one billion tons of cargo, a statement from the Ministry of Maritime Affairs said.

In Shanghai, the Croatian delegation led by Minister Oleg Butković met with representatives of COSCO Shipping, a well respected shipping company that owns the world's largest fleet, as well as the third-largest fleet of specialised container ships.

On the same day, a meeting was held in Ningbo with representatives of the port of Ningbo Zhoushan, the port that, for the very first time, shipped over one billion tons of cargo in 2018, making it the only port in the entire world to do so. During the visit of the Croatian delegation of which Butković was a leading part, the data from the huge Chinese port showed how it has dealt with a massive 2,103,683 containers since the beginning of the year.

The visit to the port of Zhoushan was completed by visiting two of the most significant container terminals and meeting with leading port operators, which was an opportunity to exchange experiences with the Port of Rijeka's administration and talk about the projects they are preparing, whereby a clearly mutual desire for further cooperation was expressed.

The visit to Shanghai and Ningbo Zhoushan marked the end of the official visit of Minister Oleg Butković, who has been spending time in the People's Republic of China since January the 20th, and where he held a series of meetings with the aim of exchanging experiences between the two countries in the area of ​​transport infrastructure, and further enhancement of mutual cooperation.

Make sure to stay up to date with Croatia's political scene by following our dedicated politics page. If you're interested in Croatia's deepening relationship with China, give our business page a follow.

Saturday, 26 January 2019

Croatian Finance Ministry Announces Tax Changes for Freelancers

As Poslovni Dnevnik writes on the 26th of January, 2019, the low rate of taxation and the simplistic way of ''doing the books'' has apparently led to a large increase in people setting up obrts and freelancing in Croatia. Minister Zdravko Marić announced that the Croatian Finance Ministry will "consider this segment in particular and see how it will be treated in the future".

Judging by the discussions that took place at the 2nd Tax Conference, the next round of tax changes could be concentrated primarily on obrt owners and other freelancers, with the possibility of further lowering the tax burden on wages.

Minister of Finance Zdravko Marić announced that the Croatian Finance Ministry intends to alter a few things for Croatia's numerous freelancers, but didn't really specify in what direction those changes will go and when these changes will happen. It is to be expected, however, that the Croatian Finance Ministry will prepare the changes during the course of this year, according to a report from prviplan.hr.

At the Taxation Conference, organised by the Faculty of Economics in Zagreb and Deloitte, and was attended by representatives of the scientific and business community, representatives of the Croatian Finance Ministry and the Tax Administration, Minister Marić reported on the effects of the previous changes in the Croatian tax system.

Minister Marić reported that about 150,000 taxpayers in Croatia are paying tax on their earnings.

He said there are about 35,000 j.d.o.o's, 106,000 registered self-employed businesses, including 37,000 obrt owners. When it comes to private renters who pay a flat tax, there are about 95,000.

Commenting on the rapid growth in the number of obrts paying taxes on a flat-rate basis, Minister Marić said that the Croatian Finance Ministry has made a big step forward and simplified the management of the books, but that "this segment needs to be considered and it should be seen how things will look in the future."

Marić's announcement came after the introduction made by dr.sc. Hrvoje Šimović from the Faculty of Economics in Zagreb, who said that the growth of those paying flat tax now looks good, especially because of encouraging levels of those who are self-employed.

"But in the future, obrts will prove to be the biggest problem in regard to the tax aspect. The potential for abuse will increase due to taxpayers' efforts to make sure their net income remains as much as possible,'' said Šimović.

Minister Marić emphasised that the Croatian tax system needs to be fully understood and that the essence of tax reform is to make the system simpler, more predictable and consistent, offering a better sense of understanding and security for everyone.

"We're doing the same for all taxpayers. It's not true that we're only good for those who pay a lot of tax, and that we're purposely trying to make it more difficult for those who pay less. It's precisely in the segment of small and medium-sized entrepreneurs that the biggest reform has been made in the first round of [tax] reforms. The profit tax rate has dropped from 20 to 18 percent, or 12 percent for companies with up to three million kuna of revenue. A lot has been facilitated,'' Marić noted.

He stressed that he remains a big advocate for tax cuts.

Follow our dedicated politics and business pages for much more.

Friday, 25 January 2019

Days of Jobs in Tourism Offers Chances for Many Would-be Employees

The Days of jobs in tourism events across three Croatian cities, both in continental Croatia and on the coast, are set to offer new employment opportunities for many seeking to enter into the world of tourism, which is by far Croatia's greatest economic asset.

While jobs in Croatia might appear to be few and far between for many of those seeking opportunities elsewhere across the territory of the European Union, tourism remains by far the strongest sector in Croatia, with numerous positions available up and down the coast, and doors opening even in the previously overlooked continental part of Croatia as more and more tourists 

As Poslovni Dnevnik writes on the 25th of January, 2019, the Days of jobs in tourism event will bring together many Croatian employers from across the tourism sector to get both currently unemployed people and those seeking a career change interested in working in Croatia's booming tourism sector this upcoming summer season.

The ''Days of jobs in tourism" event will be held for the third consecutive year this year under the official organisation of the Ministry of Labour and Pensions, the Ministry of Tourism, the Croatian Employment Service and the Croatian National Tourist Board.

The aim of this event is to enable employers and the currently unemployed to connect with each other, gain important information on employment opportunities and engage in tourism career development in one place.

According to the estimates of the event's organisers, this year, "Days of jobs in tourism" will bring together more than 120 employers and more than 17,000 visitors seeking seasonal employment from three cities - January the 18th in Osijek, January the 25th in Zagreb and February the 1st down on the coast itself in Split.

Minister of Labour Marko Pavić and Tourism Minister Gari Cappelli paid a visit to the Zagreb event which start at 10:00 today at the Zagreb Fair (Velesajam).

Make sure to stay up to date with our dedicated business page for much more.

Thursday, 24 January 2019

Croatian Production Company Takes Over Brickyard, Saves Fifty Employees

As Poslovni Dnevnik writes on the 24th of January, 2019, at this stage, the Croatian production company Dilj d.o.o. is set to invest significant resources in the overhaul of the plant, and the plan is to put additional resources in the next phase to raise and expand the capacity of their brick factory.

This Vinkovci-based Croatian production company is a manufacturer of brick, tile, grout and special roof elements, which exports 70 percent of its production to both European and non-European markets. Dilj d.o.o. rescued a small brick factory from Našice, which was in the process of going into liquidation. In the very process of bankruptcy, the move saw it successfully renew its production.

In addition to saving production, they saved fifty grateful employees from certain job losses, which would have meant that nearly fifty families would have been left without income. The director of Dilja d.o.o. Dražen Ivezić recalls that the Slavko IGM Našice brick factory went into bankruptcy at the end of 2014 due to problems that were the result of the crisis, which was felt the most by the construction sector, and as material producers, they were hit hard.

As Glas Slavonije writes, at the time of bankruptcy, about fifty workers were employed at the plant, manufacturing a production line of about fifty million units of normal sized and more than ten million block bricks.

The Croatian production company asked the bankruptcy trustee to take over the factory, hire the current workers and continue on with production, and got approval from the creditor council for that step.

''On May the 18th, 2015, we signed a lease contract and continued production. After less than a month and a half, as soon as July the 1st, production continued and everything went smoothly.

Production continued over the next three years, and at the end of last year, Dilj d.o.o. proposed to the bankruptcy trustee and the creditor council to complete the bankruptcy proceedings with the creditor settlement and to take over Slavonia's IGM. After the creditors accepted the bankruptcy plan, in late 2018 Slavonia IGM formally went bankrupt, meaning the preservation of production with a long tradition, as well as the preservation of jobs in the processing industry in Slavonia, which is of particular significance,'' stated Dražen Ivezić, the director of the largest tile factory in the Republic of Croatia with a 95-year-long line tradition of production, unbroken even during various wars.

He added that after the winter renovation phase, the plan for Slavonia's IGM is to be at full capacity by the end of this year, and they are planning to sell everything they produce.

Stay up to date with everything you need to know about doing business in Croatia, the economy, the job situation and the investment climate by following our dedicated business page.

Wednesday, 23 January 2019

Austrian Railway Company Potentially Interested in Croatia's Gredelj?

To briefly recall, Gredelj's bankruptcy began back on October the 1st, 2012, and an encouraging letter of intent from an Austrian railway company is a possible path to its end. Could an Austrian acquisition be the end of Gredelj's long list of problems?

As Poslovni Dnevnik/Suzana Varosanec writes on the 23rd of January, 2019, the Austrian company OBB-Technische Services GmbH operating in the Austrian Federal Railways has provided a letter of intent on expressing an interest in the possible purchase of Croatia's TŽV Gredelj d.o.o., which is in bankruptcy.

This information has now been officially confirmed, as have the decisions made by Gredelj following it, the company promptly authorised bankruptcy trustee Tomislav Đurić to initiate some preliminary talks. As the Austrians are, at least formally, the only interested party, perhaps this is the way for Gredelj to finally claw its way out of the dark tunnel of bankruptcy. Despite its issues, it wouldn't be right to exclude its importance, or that other interested investors, including those which are already familiar with the situation won't pop up at the last minute, the same can be said for the potential of Russian capital suddenly knocking at the door.

The first meeting between the aforementioned Austrian railway company and Gredelj's bankruptcy trustee should be held this month, but the final position on this possibility, which has suddenly been opened up as a possible solution to Gredelj's acquisition, will still have to be waited on for a certain period. This delay is key to assessing the viability of investing in TŽV Gredelj, but is also the determining factor on how to complete the bankruptcy proceedings which commenced back on the 1st of October 2012, Most importantly, this order of things needs to take place because of which the process which is being conducted - the plan to settle the company's bankruptcy and provide a final resolution to its creditors.

This manufacturing company and ex-component of Croatian Railways will not be sold below the asking price, but will also not be liquidated through the sale of large tangible assets. "TŽV Gredelj, with its 410 employees, is the only company in the region that can carry out all [types of] repairs on locomotives and wagons, both those that are simpler and those which are more complex," stated Đurić, dismissing the worrying Gredelj liquidation scenario.

Several meetings with representatives of the Austrian railway company are expected to be organised. Other important aspects, such as all the data on Gredelj's technological and production capabilities, first became known to the Austrians on the basis of their recent collaboration with LocoTech.

Just how things will proceed between the currently interested Austrian railway company and Gredelj is yet to be seen and the enfeebled Croatian company is far from out of the woods it entered back in 2012 yet. However, a concrete expression of interest from the Austrians, who are typically very serious in such matters, is a step in the right direction.

Make sure to stay up to date with our dedicated business page for much more.

 

Click here for the original article by Suzana Varosanec on Poslovni Dnevnik

Wednesday, 23 January 2019

Varteks: Varaždin Textile Giant Goes From Strength to Strength

The Varaždin-based Croatian company Varteks has been producing dresses, coats, jackets and other clothing for specialised purposes, including uniforms for the Croatian Army, the police and the like for 101 years now.

As Poslovni Dnevnik writes on the 23rd of January, 2019, in three production plants in a complex of red brick buildings in the centre of Varaždin, several hundred workers are working daily in one shift on quality garment collections. In Varaždin's Varteks, 24sata journalists were welcomed and hosted by Nenad Bakić, president of Varteks' administration. He took them through all three production facilities. That day, designers who came to Varteks presented Bakić and his associates the new women's collection - business elegance.

''First, we do prototypes of the clothing, then after consultations they go off for additional finishing should that be necessary. After that, we make a collector's sample, a hand-made version that is produced in a small number of copies. If there are no more changes to be made, we make and launch the product,'' explained Bakić. Currently, Varteks is launching its latest elegant collection made with younger people in mind, called Varteks Young.

''We can split production into several phases. Everything begins with the tailor, from the threading and onwards. There, the machine cutter does almost everything itself according to the instructions on the screen. After that, sewing begins. All the parts from the cutter are picked up and people connect them in smaller segments. Then everything is shifted into the assembly, the middle part of production, where some segments are assembled and come to the end with finishing and the final ironing. After that, what's most important to us is quality control. If everything is fine, the goods are sent to the warehouse and are made ready for shipping, to our stores or to our customers,'' explained Miljenko Vidaček, production manager at Varteks. He adds that it takes about four hours to make a suit.

Varteks produces a very wide range of merchandise, its production manager emphasises the fact that Varteks is among the most flexible companies in this part of Europe as a whole.

''We were coming to the end, pre-bankruptcy. We're incredibly grateful to Mr. Bakić for the fact that we're still here,'' Varteks' grateful employees conclude.

For more information on Croatian companies, products and services, as well as doing business in Croatia and the overall business and investment climate, follow our dedicated business page.

Saturday, 19 January 2019

Uljanik Completing Most Expensive Vessel Ever Constructed in Croatia

Uljanik's woes continue as workers endure difficult times and strategic partners for the enfeebled Pula shipyard's appear to be moving cautiously and slowly. Despite that, the burdened Croatian shipyard is currently involved in completing the construction of the most expensive vessel constructed in any shipyard in the Republic of Croatia.

As Novac.hr/Barbara Ban  writes on the 18th of January, 2019, Australian Glen Moroney's Scenic Eclipse polar cruiser of the Scenic Group is currently in its final phases at Uljanik.

The outside molding of this luxurious polar vessel, which was worked on by as many as 400 to 700 people was completed, out of which about ten percent of Uljanik's employees were directly engaged. The rest of the ship has been being built by some of Uljanik's co-operatives and people from the Scenic Group itself. When finally finished, it will be part of a fleet of twenty luxury cruisers of which the aforementioned company is proud.

In addition, the vessel should be receiving its very first guests as early as this year, albeit with a great deal of delays given the fact that it was supposed to embark on its first trip at the end of August 2018. Work on the boat is now continuing without interruption, and on his first voyage, the cruiser will travel around the Mediterranean, with its first port of call being Barcelona. Booking for that trip has gone ahead, and because of the unwelcome delay the prices are somewhat less than they were originally. For all those who booked the first trip when the vessel was meant to be completed last summer, the company refunded customers their cancellation fees.

''This cruiser is one of the most complex vessels in its segment being built today on a global level and we're proud of it. We experienced significant difficulties where there was a shift in deadlines, however, Uljanik possesses the knowledge to create such a vessel in record time in relation to the circumstances. On several occasions, the owner himself emphasised that, in relation to the circumstances, the execution time was something beyond his expectations. The ship is now in its final phase,'' stated Uljanik's managing director Emil Bulić.

Otherwise, the Scenic Group commissioned another such vessel from Uljanik, and Uljanik has offered assurances that the shipowner has no intent of terminating this contract which was concluded a year ago. On the other hand, Australia's Moroney is one of the investors who is interested in Uljanik himself.

Give our business page a follow to stay up to date with Uljanik's unfolding situation and much more.

 

Click here for the original article by Barbara Ban for Novac.hr

Saturday, 19 January 2019

WBAF Croatia is First Croatian Project for Experienced Turkish Investor

WBAF Croatia will focus on facilitating access to finance for start-ups, start-ups, MSPs and fast-growing companies, and will start with international training programs for investors. Baybar Altuntaşa, a successful Turkish entrepreneur and investor is set to kickstart his very first Croatian project.

As Bernard Ivezic/Poslovni Dnevnik writes on the 19th of January, 2019, on Monday, January the 21st, in Zabok's Bračak castle, the first office of the World Investment Forum of Business Angels (WBAF) opens in the European Union. As we reported recently, the office will provide education for startups and business angels as it has been available in London. This includes elite tourism and the support of Krapina-Zagorje County. Such unusual news is otherwise an everyday thing for Baybar Altuntaşa. This prosperous Turkish entrepreneur, angel investor and entrepreneur promoter has a number of international success stories behind him.

Over in Turkey, he is also celebrated as a TV star in their version of the entrepreneurial reality show Shark Tank. He is the president of the Turkish Business Angels Network (TBAA), vice president of the European Business Angels Network (EBAN) and founder and president of WBAF. He has been coming to Croatia fairly regularly since visiting for the very first time back in 2015, and Poslovni Dnevnik talked with Altuntaş about his debut Croatian project.

You developed the QBAC program based on the WBAF program on the London Stock Exchange. You have been an advisor for this LSE program. What exactly did this program offer to LSE investors?

First of all, the WBAF wants to help increase financial engagement across the globe. We also want to help investors make good and early returns on their investment, as this generates resources for more investment in new startups. And thirdly, the WBAF wants to speed up the conversion of public money into smart money, to encourage innovation. We've designed a course to provide business angels with knowledge and tools to help them achieve their own goals as investors, which in return will contribute to achieving the WBAF's goals for the entrepreneurial ecosystem.

How will the Croatian version of QBAC, called QBAC Bootcamp Croatia, differ from those over in London?

In Croatia, we've strengthened the bootcamp with panel discussions, round tables and debates. It will be comprehensive and will involve a cultural interaction with the Croatian investment ecosystem. This will also include visits to technoparks, student meetings, and fundraising for startups.

How did you come to the assessment that for QBAC Bootcamp Croatia there is a market of 500,000 business angels, ie, potential customers?

I believe that Croatia will be a training center for European investors, through the WBAF training programs that will be implemented there. The European Business Angels Network statistics for 2017 reveal that 320,000 business angels invested 9.6 billion euros in Europe in that year. Furthermore, the Angel Capital Association (ACA) statistics show that 340,000 business angels filed 26 billion dollars in the United States last year.

As the QBAC Bootcamp Croatia is new and the only such thing in the world, it's clear that none of these thousands of business angels received a Qualified Business Angels Certificate, and most of them were not licensed by their governments as a business angel. Holding a certificate or a license, of course, isn't mandatory for somebody who wants to invest. However, it's understood that a training program which reduces risks and increases the return on investment for business angels is of great importance. Learning through work is very different from what you do after having learned something.

What are the expectations of the WBAF from the office in Croatia?

By opening this office, the WBAF provides Croatia with the opportunity to network in the investment world. It will have a co-ordination role for EU members entrusted to it, in which the WBAF has high representatives in Austria, Bulgaria, Czech Republic, Denmark, Estonia, France, Germany, Greece, Portugal, Romania, Spain, and Switzerland.

The countries you mention, which will be "covered" by the Croatian office, usually have bigger and more active communities of business angels than Croatia. What is Croatia's advantage to you, and why are you opening the first office in the EU here?

Croatia is the birthplace of Nikola Tesla, one of the most important inventors of the 19th century and the symbol of inventiveness. Today, in the 21st century, through WBAF Croatia, inventors in Croatia will be better connected with global capital markets and smart financing through business angels. The result of this convergence will be innovations that will create a major competitive advantage for the Croatian economy. The WBAF Office in Croatia means more startups, new ideas, smart financing, and innovation.

How did the office opening project in Croatia evolve? The initiative allegedly came from Krapina-Zagorje County prefect Željko Kolar?

Yes, months ago, Željko Kolar invited me to visit Zabok. We saw the castle of Bračak and learned a lot about its history. I was impressed by how the county had turned such a historic building into a modern, smart building.

Prefect Kolar told me that he wanted to turn Zagorje into a centre for entrepreneurship, startup and innovation in the EU. At the Croatian level, that county wants to strengthen the startup community throughout the country. But they're looking further and further afield. They're planning to network entrepreneurs and investor angels from around the world, and because of that they're stimulating the growth of small and medium businesses and creating new jobs. A simpler approach to financing, this beyond the framework of the usual banking system, is conducive to accelerating financial inclusion as an integral part of the strategy that should affect society at the local and at the national level. I wondered if it was possible for such a small country to become Europe's leader in innovation. Then I left Croatia with this thought in mind.

After that, what personally motivated you to open up the WBAF office in Croatia?

Croatia's success at the FIFA World Cup in 2018 encouraged me to support this project. Croatia isn't a big country and it only has four million people, but the way the Croatian national football team managed to get to the final and defeated the teams of Germany, Great Britain, Spain, Italy, Brazil, China and Turkey, that's a miracle. Then I decided to look at the Kolar's project much more seriously and I presented the idea of ​​opening the WBAF offices of Croatia to the members of the administration. All the members of the board were in the meeting and we agreed at once - It doesn't matter how big the country is! It's important how ''big'' the people are, how persistent, and passionate they are to realise their dreams.

What can startups and business angels in Croatia expect from the WBAF office?

WBAF Croatia will focus on facilitating access to finance for entrepreneurs, start-ups, small and medium-sized enterprises, and fast-growing businesses, and will start with international training programs for investors. The plan is, moreover, to promote programs for entrepreneurs who will prepare them for receiving investments, organise investment forums for startups, arrange international investors' arrivals to Croatia, and promote Croatian entrepreneurs and businesses globally.

The WBAF office is opening under a licensed model. What are the conditions [for that]?

The office in Croatia will be managed by the Entrepreneurship Centre of Krapina-Zagorje County, which has a WBAF license. The president of the WBAF steering board in the Republic of Croatia will be Prefect Željko Kolar. By taking over this responsibility, the county will become part of the world's financial and business network, which aims to facilitate access to capital for entrepreneurs of start-ups and entrepreneurs in the intensive growth phase.

Will there be cooperation between offices in Croatia with those in Tanzania, Macedonia or future offices in Brazil and other countries?

The WBAF believes that launching an office at the national level provides a great opportunity for governments to discover the real power of startups and businesses to boost their economies through innovation, investments, business angels. and entrepreneurship. It's good to see that governments around the world realise the importance of investing, business angels, and entrepreneurship to foster the development of their economies.

Many governments, especially those in Europe, offer generous tax incentives for angel investments. To support such a system, the UK and Turkey have already adopted laws on business angels investing. Islamic economies have also begun to see the importance of the capital market at an early stage. In fact, the Islamic Development Bank has included angel investments on its list of recommended topics that should be considered at its annual conference in Jakarta.

The WBAF is inviting all governments and policy makers to use their knowledge, mentoring and networking of qualified business angels, and to turn public funding into smart financing by establishing close co-operation between public institutions and private resources. Working together across borders, with a common vision, we're in a good position to make positive changes in the global economy. I'm sure that co-operation with other WBAF offices across the world will enable a faster impact on both the Croatian and world economies.

Stay up to date with much more by following our dedicated business page.

 

Click here for the original article/interview by Bernard Ivezic for Poslovni Dnevnik

Friday, 18 January 2019

Croatian Family Wine Businesses Even Attracting Americans

Plešivica is an oasis for lovers of traditional gastronomy and wine-making, a longtime favourite destination for many of Zagreb's residents, Plešivica is famous for its many vineyards, wineries, sparkling wines and traditional food. Several Croatian family wine stories are attracting attention even from across the Atlantic.

As Marta Duic/Poslovni Dnevnik writes on the 18th of January, 2019, the Šember Winery, located in the village of Donji Pavlovčani, is famous for its sparkling wines that have been produced in their vinery for years. Ivanka Šember, the wife of a winery owner who helps him run the family business, says their sparkling wines are produced from old varieties which grow only on Plešivica. They have an old vineyard with fifteen different old and almost forgotten varieties, to which winemaker Zdenko Šember gives his special attention. He inherited this vineyard from his late grandmother and has since turned it into a flourishing business.

This year, this Croatian family winery business also produced a variety of new wine sparkling wines, a white sparkling wine from a black pinot, a sparkling wine of the old varieties which were kept in clay pots originating from Georgia. The production of amphora wines deeply buried in the ground is an extremely old tradition over in Georgia, and today many Croatian winemakers use this method. This method of wine production makes each wine, including sparkling wine from the assortment of this winery, completely different in flavour when compared to others.

"My husband loves experiments, and some of them also get to see the market!" said Ivanka Šember. The Šember Winery is one of the few in the Republic of Croatia which manually produces its sparkling wines, each step done with their own hands and without any machines. As the Croatian family say themselves, everything has been made even easier since they obtained a new 320m cellar. In the construction of the cellar, which was co-funded through the National Wine Sector Support Program, this wine oriented Croatian family invested more than two million kuna, and their plans for this year are to further expand their vineyards by another three hectares.

"When it comes to our sparkling wines, our best sellers are rose, this year we have doubled our production, and we're currently producing 40,000 bottles. We're the first winery to have been producing sparkling wines from old Plešivica varieties, explained Ivanka Šember.

Located in the village of Lokošin Dol, the Braje Winery is known for its homemade food served with homemade wine. Robert Braje is the winemaker in this Croatian family, and his wife, Sandra, is an expert in local gastronomy and has been the chef in their restaurant for the last eight years. In this Croatian family business, their son shows interest in wine production, and Robert says that if this continues, he will soon expand his vineyards, which today already stretch to 3.5 hectares.

They purchase only a very small amount of their grapes, and from varieties that have a special emphasis on Red Waltz, an Austrian variety which is only offered by very, very few here in Croatia. As is the case with many Croatian wineries, the Braje Winery also serves numerous homemade dishes which pair well with the selection of wines that they produce and offer to their guests.

"From the very beginning, we've been doing everything business-wise as a real family. We produce 15,000 to 18,000,000 litres of wine, and a third of all that is sold right here at our very door. We also prepare meals from either our own or other locally grown vegetables, we make our own apple and pear juices. We have ducks, chickens, pigs, and a cow,'' explained Braje.

Their goal is to locally produce food and wine for their guests, in order to get them to notice and appreciate the distinct differences. "I cook and prepare everything, which is almost all made from local ingredients, we have a cow so that we can have our fresh cheese, cream and milk, eggs from our chickens, sausage and bacon from our pigs, and if we don't have enough of our own vegetables, we buy it from other producers in the neighbourhood. I make homemade bread, pasta, noodles... Our guests come either individually or in small groups, and we have many guests from the USA,'' noted Sandra Braje.

Režek Winery is yet another traditional Croatian family business that Damir Režek inherited from his father, Drago. "Our story began with my great-grandfather Roko, who had 40,000 vines, and the most famous type he had was a Portuguese variety. That Portuguese variety is the very story of my family and I'm glad that this slightly forgotten variety has now been revived, and my grandfather later brought new varieties, such as sauvignon, and was one of the largest producers in this region,'' stated Damir Režek.

The last vineyard was planted back in 2005, so now they have four hectares and about 20,000 vineyards.

Vinarija Kolarić in Hrastje Plešivičko is known for its rich homemade food, wines, and sparkling wines. Franjo Kolarić has a restaurant and since 2009 a mini hotel with sixteen rooms in which he has invested more than three million kuna. As he says, he's typically full from May to October. A warehouse for sparkling wine was built back in 1997 and Franjo is currently working on a new line of sparkling wines, in which he planning to invest 1.5 million kuna.

Thanks to the extension of the restaurant there is now seating for more than 170 people, and in addition to the sixteen rooms currently available, he plans to build an apartment this spring. In addition to all of the above, one of his plans is to build a small brewery and produce small quantities of craft beer.

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Click here for the original article by Marta Duic for Poslovni Dnevnik

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