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 what we want for Europe and the world, and first and foremost for the Ukrainian people."

As for the economic situation, Ćorić said it would depend on the energy market. The gas price on the reference market has gone up 31% since yesterday and that of a barrel of Brent oil by 6%, he said.

The minister said those rises "will definitely" impact consumer goods. "However, that is something on which we can't have significant influence at the moment."

He hopes the Ukraine-Russia escalation, and consequently the escalation of energy prices, will be short-lived. The government's measures to buffer the blow of energy price hikes take effect on 1 April.

Asked what sanctions Croatia would impose on Russia and what that would mean for Croatia's economy, exporters and tourism, Ćorić said Croatia would follow other EU member states.

The economic consequences of the crisis will be proportionate to its duration, he said, adding that one could not expect the European and Croatian economies to function normally if the "horrors of war" continued.

Energy prices, which largely depend on Russia's aggression on Ukraine, "dictate the tempo on all other markets" and Croatia, as a small and open economy, can't avoid that, Ćorić said.

As for the Fortenova company, one of whose owners is Russia's Sberbank, he said it had a number of owners, that it used international markets for financing, and that he did not expect any sanctions against the financial sector to affect the company's liquidity and functioning.

For more, check out our politics section.

Friday, 22 May 2020

Croatia Observes World Biodiversity Day With Slogan "Our Solutions Are In Nature"

ZAGREB, May 22, 2020 - World Biodiversity Day, a United Nations–designated day for the promotion of biodiversity issues on 22 May, which is also observed in Croatia as the national day of nature protection, is being held this year under the slogan "Our solutions are in nature".

On this occasion, Croatia's Environment Protection and Energy Ministry calls for ambitious and quick action at all levels of the society, including both institutions and individuals, to make sure that the development and our existence are in harmony with nature.

The developments surrounding the COVID-19 pandemic are one more reason for the world to reconsider its treatment of nature.

About 70% of new diseases in the human population are zoonoses, that are infectious diseases caused by a pathogen (an infectious agent, such as a bacterium, virus, parasite, or prion) that has jumped from an animal to a human, the ministry notes.

The current health crisis shows that despite technological progress, the population depends fully on healthy ecosystems, it added.

Croatia is one of the European countries characterized by very rich biodiversity because of its specific geographic position which encompasses three bio-geographic regions with distinct ecological, climatic, and geomorphic features.

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