Unlike the United Kingdom, which used an opt-out, one of Croatia's obligations upon joining the European Union was the eventual introduction of the euro as the country's main currency. While many are against the plan, it will go forward regardless. Erste's main man has warned that Croatia's time to adapt properly to the imminent change is slowly slipping away, and the cooling of the global economy is expected. How will the relationship between Croatia and the Eurozone progress?

As Tomislav Pili/Poslovni Dnevnik writes on the 13th of December, 2018, even though the banks are expected to experience falling revenue due to the loss of currency trading, Croatia's eventual entry into the Eurozone is likely to bring a lot of benefits to Croatian society, said Erste Bank's CEO Christoph Schöfböck on Tuesday. The statement comes among continued mixed feelings from the public on Croatia and the Eurozone.

"The path towards the euro can't be a purpose for itself [a self-serving purpose], it must have a reason, and that's the prosperity of society," Schöfböck stated. Reflecting on developments in the global economy, Erste Bank's main man stressed that the world economy would "cool down" in two years, so Croatia must use that time for economic adjustment to finally enter into the Eurozone. As for movement on the domestic economic plan, this year Croatia can expect GDP growth between 2.5 and 2.8 percent, according to the director of economic research, Alen Kovač.

"We're growing at a faster rate than the European Union, but also slower than comparable countries," he stressed. Concerning the next year, it is estimated that the positive features of the Croatian economy will remain as they are, such as the further growth in the inflow of money from European funds, investment growth and personal consumption. However, in 2019, the risks that come from abroad - the trade war, Brexit and the issue of the Italian deficit - will be more pronounced. Therefore, next year the growth of the Croatian economy will slow down and will reach between 2.5 and 2.6 percent.

In addition to presenting macroeconomic forecasts, Erste Bank also used this opportunity to launch its new payment application, KEKS Pay. The application is the result of the internal startup of the bank and is described as "the first real digital wallet in Croatia". It serves to transfer money to friends or family's accounts, regardless of which banks they respectively use, and also allows for the collection of money from within a chat group. It functions as a "financial Whatsapp", so it's not necessary to open an account to transfer money, only the recipient's mobile number is required. Use of the application is completely free, as is initially downloading it.

Make sure to follow our dedicated business and politics pages for more information on Croatia and the Eurozone, the domestic political scene, doing business in Croatia, and much more.

Click here for the original article by Tomislav Pili for Poslovni Dnevnik

Amid rumours that the finance minister, Zdravko Marić, is set to step down from his position within the Croatian Government as soon as next month, PM Andrej Plenković has been having his refusal to outright deny the claims scrutinised, with some believing that this means Marić's departure was imminent and due to take place in early 2019. It seems however, that Marić isn't going anywhere.

As Poslovni Dnevnik writes on the 9th of December, 2018, HDZ President and PM Andrej Plenković said on Saturday that Finance Minister Zdravko Maric isn't going to leave the government.

"There will be no departure," Plenković told journalists after the he was questioned about whether or not he'd talked to Marić himself about his alleged departure from the cabinet before the end of his mandate, as was being circulated by some media outlets.

The Prime Minister, upon being questioned about the criticisms of controversial SDSS President Milorad Pupovac regarding recent arrests in Vukovar, said that he didn't listen to that press conference, adding that the current government is not interfering with the work of the police or with the work of DORH in any manner whatsoever.

He pointed out, in order to quell people's natural suspicions that "there are no invisible political hands" holding any influence over this process.

When asked about the elections for the European Parliament, PM Andrej Plenković stated that the party would be "almost sure" on their own and that at least five mandates can be expected. "We'll win convincingly in those elections," he said briefly.

Concerning the controversy around the procurement of Israeli F-16 aircraft, Plenković reiterated that everything that the Republic of Croatia did in this process was done systematically, thoroughly, and in fine detail, and that open issues, if there are any, exist solely between Israel and the United States of America, and are nothing to do with Croatia or the part Croatia played in the process.

He confirmed that he visited Zagreb's mayor Milan Bandić was taken to hospital yesterday morning, adding that Bandić claims to be feeling good and that he believes that he will recover and be back on his feet quickly.

Make sure to follow our dedicated politics page for more on PM Andrej Plenković, the Croatian Government, and updates from both domestic and European politics in Croatia.

The Investment Plan for Europe (Juncker's plan) is one of the key EU steps in boosting investment in Europe, aimed primarily at creating jobs and boosting growth. A large sum of money from the plan will flow into both small and medium Croatian companies.

As Poslovni Dnevnik writes on the 7th of December, 2018, the European Investment Fund (EIF) will support Privredna banka Zagreb (PBZ) with the guarantee contract for 25 million euro's worth of new credit for innovative small and medium-sized Croatian companies (MSPs) and those of a smaller size (up to 500 employees).

The EIF guarantee has been secured through the Investment Plan for Europe (Juncker's plan), through the Innovfin SME Guarantee Program, established by the EIF, part of the European Investment Bank (EIB) and the European Commission (EC).

Innovfin's guarantee enables innovative MSPs and small and medium Croatian companies to borrow under more favourable conditions than currently available on the Croatian banking market, meaning that the loans included in the Innovfin portfolio will enable MSPs, among other things, to grow and and open up new job opportunities.

Carlos Moedas, the EU's commissioner for research, science and innovation, stated: "I welcome the new contract supported by Juncker's plan and Obzor 2020 in Croatia, which brings new funding for innovative Croatian small and medium companies, and that's often exactly what they needed to launch their new products, integrate innovative processes, create new jobs, and expand their business outside of the local market.''

Dario Scannapieco, EIB's vice president said: "Innovation and MSP support is one of the top priorities for the EIF and the EIB Group. Innovations and MSPs are crucial to Croatia and to the European Union in its efforts to improve and maintain competitiveness on local and global markets, create new jobs, and create conditions for sustainable economic development. We're happy to find a reliable partner in PBZ for such an important task.''

Dinko Lucić, CEO of Privredna banka Zagreb, said: "For many years, Privredna banka Zagreb has been very active in establishing and supporting programs aimed at developing the MSP segment and striving to contribute more to the strong growth of small and medium-sized enterprises in the country. The bank has confirmed this by participating in the COSME program and now in InnovFin, through which innovative MSP clients will have further facilitated access to funding sources and more favourable lending will be enabled.''

The Investment Plan for Europe (Juncker's plan) is one of the key European Union steps in boosting investment in Europe, creating jobs and boosting growth. The EIB Group plays a key role in this investment plan.

With the European Investment Funds (EFSI) funds, the EIB and the European Investment Fund (EIF) can take on a larger share of risk in projects, encouraging private investors to participate more in these projects. Initially, EFSI was to launch 315 billion euro in investments across the European Union over a period of three years, until mid-2018.

In December 2017, the European Parliament and the EU's member states reached agreement on extending EFSI's lifetime to the year 2020 and thus increasing the financial resources to a massive 500 billion euro. In addition to the EFSI, the new EIAH advisory platform helps both the public and the private sector's project promoters to structure investment projects more professionally. The investment plan should also create an EU regulatory environment that is favoured by investments.

Until November 2018, Juncker's plan has already mobilised 360 billion euro in additional investment, including over one billion euro in Croatia alone, with 850,000 small and medium Croatian companies benefiting from easier access to finances.

Make sure to stay up to date with our dedicated business and politics pages for more information.

As SibenikIN writes on the 30th of November, 2018, a project which brings together animals and children in the name of helping kids with varying disabilities, worth a massive million and a half kuna, will seek to help as many as twenty kids with numerous developmental disabilities in Croatia.

This project is not only a praiseworthy but an interesting one because it directly involves working with children with various developmental disabilities, these children tend to do very well once they get involved in athletic activities, and the emphasis this time, is on horses.

''The children will learn how to ride a horse, as well as how to properly groom and care for a horse in preparation for riding. We're proud because the project will go on for three years and we're expecting at least twenty children to be included in it,'' said Suzana Živković of the Kolan riding association.

It has been proven on numerous occasions that therapeutic riding has quite a few effects on the overall health of children and young people.

''Improvements in both the motor and emotional fields are seen in all children. The children are given freedom, they gain self-confidence, their social communication is strengthened, and being around nature is an incentive to a healthy life,'' noted Suzana Živković.

The Kolan riding association was established back in 2012 and currently has 48 members, including both recreational riders and children with various disabilities.

There are currently twelve horses who live permanently on the farm, four of which are ''therapeutic'' horses, and the remaining horses are ridden for recreational purposes. The breeds present at the riding club include Icelandic horses and various types of mixed breeds.

This wonderful project aimed at helping kids with developmental disabilities in Croatia is funded by European Union funds, as well as funds from the Ministry of Family and Demography and it will, as previously mentioned, last for three years, the project's partners are the City of Šibenik and the Šubićevac Education Centre.

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As Suzana Varosanec/Poslovni Dnevnik writes on the 29th of November, 2018, Business Intelligence (Poslovna inteligencija), the leading company for the implementation of analytical and strategic ICT consulting in Southeast Europe, is planning to take its business across the Atlantic to the North American continent, most likely to Canada, in a move which would be the next big step for the Croatian ICT company following the opening of their offices in two major European cities, London and Vienna.

The bold plan was confirmed by the president of the management of the aforementioned Croatian ICT company, Dražen Oreščanin, who Poslovni Dnevnik caught up with while he was on an official trip to Canada, where the Croatian-Canadian Economic Forum in Toronto was held. He was heading there as part of visit of numerous Croatian businessmen, which had already been reported by the Croatian Chamber of Commerce (HGK).
 
What are your estimates of the possible effects of the visit of our economic delegation to Canada?

Every step we made towards developing cooperation is a good step, and can make moves. During this visit, several activities were held - a forum with the Canadian-Croatian Chamber of Commerce, B2B meetings with interested Toronto companies, a meeting with the local community of Croatian emigrants in Toronto, a visit to the Kitchener Technology Centre, Waterloo University, and two hi-tech companies in Toronto. Existing contacts are interesting, and time will show whether or not it will result in some specific work.
 
What are the impressions on strengthening economic cooperation?

I think there's a mutual interest, the current commodity trade is fairly small, and the numbers grow year after year. The new CETA deal makes it much easier to trade between the European Union and Canada, and the very fact that HGK and the ambassadors of both countries are actively involved in the organisation of such a visit speaks of mutual interest and great potential.
 
What do the Canadians generally say about the business climate and the benefits of starting a business and investing in our country?

The conversations I mainly led were focused on potential opportunities that we as a Business Intelligence have on the Canadian market, but I didn't  talk to my interlocutors about just those topics. Recently, the Canadian company Constellation took over IN2, one of the largest IT companies in Croatia, so it's obvious that investment interest exists.
 
What is the potential for further expansion of the company on the Canadian market, as well as cooperation with the companies over there?

I certainly see the potential, I hope that some of the conversations we've had to turn into some concrete opportunities and work. We're certainly planning to open up a company on the North American continent after we open companies in London and Vienna. What I've seen during this visit is truly exceptional and very competitive when compared to other places we're contemplating in the United States. We'll probably make a final decision based on the volume of work we have in a specific part of the US and Canada, and here, the potential for a company like Business Intelligence is definitely big.

Make sure to follow our dedicated business and Made in Croatia pages for more information on this Croatian ICT company, other various companies from up and down the country and their services.

Click here for the original article/interview by Suzana Varosanec for Poslovni Dnevnik

As Glas Istre writes on the 26th of November, 2018, calculations show that almost a million people per year can be found on Pula's riva (waterfront), with the highest concentration naturally being in the tourist season, during the warmer summer months. Could the introduction of a Pula riva tram be the answer to a silent yet pressing question for the city?

These high concentrations of people are all potential users of the historic Istrian city's future tram. Rather than driving cars into the city and its roads, a tram could be a much better option. Ultimately, the benefits of such a move would be multifaceted. Pula would have the opportunity to put its abandoned resources back into proper use, namely the railway line, and solve a good part of its traffic problems in an environmentally friendly manner.

Can the introduction of an electric tram along the Pula riva significantly reduce the traffic and crowding during the summer, and eliminate the proverbial tourist suffocation on the streets of Pula? Yes, it can - claim Livio Nefat and Ivan Skol, who are completing their project on the introduction of an electric tram in Pula, by reactivating the neglected railroad tracks which already exist in the popular Istrian city.

Instead of going back into the past, the Pula riva tram project introduces us to the future, just like in the film. We imagine that it would be able to travel along the entire Pula Bay, where there is already a line from older times. To be able to take a tram to go swimming at Punta Krišto, Štinjan and Hidro on one side, or go shopping in Max City on the other. And how would it be, during the summer, to be able to sit on a tram that would take you under the tunnels below the Montezaro park all the way to the exit not far from Elektroistra? It sounds unreal, but it isn't an impossible task.

The above is the vision of the Pula locals, who have been steadily and enthusiastically engaged in the Pula riva tram idea for the last four years.

''Thousands of tourists a day, from the nearby tourist zones, from settlements, camp sites, and hotels from various places across Istria, come to the centre of Pula during the summer in their cars and on buses to see its sights, to embark on a boat tour or to go to one of the evening performances at Pula Arena. They go and park wherever they arrive in the city centre, and more and more are parking at large car parks at the entrance to the city - at Mandrač, on the outskirts of the riva in the north, on Marsovo polje, and at the former Industrokema in the southern part of the city. There are no adequate, targeted means of transport now. Walking in the summer at 35 degrees is a problem for everyone. After all, they want to be comfortable, most aren't bothered about walking, but they'd be happy to drive,'' Livio Nepat states.

According to his idea, the Pula riva tram would initially run from the car park at Mandrač, near the railway station, and then along the waterfront all the way to the Forum. If the line ended up being extended as planned, and then realised, the southern part of that same symmetrical line would see a tram take tourists and other travellers from the Forum to the future garage located at Marsovo polje, where there are other larger car parks. Therefore, the tourists would leave their vehicles in the aforementioned parking areas, at Mandrač and Marsovo polje, in order to get into the city by public transport, more specifically by electric tram. This smart solution would significantly relieve Pula's burdened roads of the overwhelming crowds during the summer, according to the authors of the planned project.

According to the business plan they have developed, the first phase of the investment is worth about five million kuna, and that could be paid off within a three year period. These calculations show that almost a million people can be found on the waterfront per year, where they then embark on ships, excursion boats, buses on the waterfront, or go to concerts and other various events held at Pula Arena. These are, as stated, all potential users of Pula's future tram.

Ultimately, the benefit of the introduction of such a tram service in Pula would be a multifaceted one. The city would put its unused and abandoned resources back into proper use, such as the railway line, and thus solve at least a good part of the traffic jams in an environmentally acceptable way, explained Ivan Skol.

As far as the second phase of the project is concerned, the proposal is to use a railroad that runs along Pula Bay as a whole. The track already exists on one side all the way to the cement factory (alternatively, the old route from back in 1904 could be restored) not so far from Muzil, Max City, the Naval cemetery and the church, and on the other side, to Punta Guc at Valellunga, where a cruise terminal is planned. So, an even greater influx of tourists who need transportation to Pula Arena, the Forum, the market etc is expected. By extending the line from the cement factory to Muzil, it could also even reach an important future tourist area, as well as a new shopping centre.

On the other hand, the railway line towards the north, from the railway station to the military airport, already exists. With the addition of the section to the civilian airport, the Pula riva tram would be able to offer an elegant transfer service for thousands of passengers from the airport to the city, as well as to the future cruise terminal.

''I've been working on this tram north-south simulator for four years now. So far, a lot has been agreed. After lengthy negotiations, (with particular emphasis and thanks to the professional staff of the traffic section of Pula and Istria) HŽ confirmed to us that it's technically possible to use two tracks that are not being used at Pula railway station. The licensed company from Zagreb, authorised to design the railway infrastructure, has been working on completing the entire design process over recent days. We got a CD from the City of Pula with all the necessary geodetic substrates of the Mandrač - Forum route for the project, for which we're especially grateful to the Administrative Department for Spatial Planning of the City of Pula,'' noted Livio Nefat.

The author's desire is to present the "Tw" Pula riva tram project to the City of Pula when all of its loose ends are tied up. It is the City itself which will decide whether or not the project will come to life. Without the green light from them, it is impossible to realise, among other important things, the availability of a funding channel through European Union money. With EU cash behind it, the whole project would be easier to kickstart and then later continue to elaborate.

The two Pula locals have said that their desire to bring this project to fruition comes from their wish to make a contribution to the community as citizens of Pula, for the citizens of Pula, and in cooperation with the City of Pula, with the help of EU funds, ITU mechanisms and other forms of financing to realise a self-sustaining entrepreneurial venture, from which everyone would benefit.

Want to find out more? Make sure to keep up to date with our lifestyle page.

Click here for the original article by Jasna Orlic for Glas Istre

German statisticians released data on their export of used diesel cars in recent days, and Croatia has taken second place, after the Ukrainians, according to a report from Jutarnji list's Autoklub. Despite warnings from environmentalists and eco-warriors, which many experts claim to be false, it appears that Croats love diesel engines regardless.

As Poslovni Dnevnik writes on the 16th of November, 2018, with the growth of diesel imports from Germany in 2018, from 89.6 percent in relation to the same period last year, Croatia continues to hold onto the second most respectable position on the entire chart, while first place continues to be reserved by the Ukrainians, a country for which an incredible increase of 136.8 has been recorded.

The fact that these aren't just some fantasy figures is supported by the data of the Promocija plus agency, and according to them, in the first nine months of this year, a never before seen number of used cars entered Croatia, a massive 57,067 of them, which is equal to 16,732, or 41.5 percent more than were recorded during the same period last year. A large contribution to such a jump, which can be read clearly from the provided figures, was given mainly by diesel engine vehicles.

These are mostly, of course, imported from Germany, and there are as many as 15,434 more diesel engine cars on Croatia's roads than were recorded last year. Their share in the total number of imported used cars this year has jumped from 88.2 percent to 88.7 percent, a clear indicator that Croats love diesel engines.

This is likely to unnerve eco-warriors and those who make conscious steps to put the environment first, generally by aiming to reduce their carbon footprint. Is the propagated idea that Croatia is becoming a "dumping ground for old diesel engines from Europe" a remotely truthful one? According to some experts, no, it isn't, and believe it or not, there are some rather strong arguments to support that fact.

For starters, we need to look at good old excise duty. As is already very well known, in recent years, exise duty is ''counted'' against a vehicle's CO2 emissions and value, and excise tax tables are arranged as such so that they do not fall ''into the hands'' of favour of older cars which typically produce higher and unwanted emissions of harmful gases.

According to the obtained information, these imported diesel engine cars don't pose a negative effect on the average age of the domestic Croatian car fleet as would be the case with the import of a large number of brand new cars, and the same applies to the emission of harmful gases. These imports are still newer and cause considerably less pollution than the existing ones do, and therefore ecologists and environmentalists need not be afraid. The increase in diesel car imports is not a problem because Croatia has no particular air quality problems, whereas Germany, for example, definitely does.

Make sure to stay up to date with our lifestyle page for more. If you're into all things eco, follow Total Eco Croatia for info on just how the environment is put first by various organisations across the country.

According to Ipsos research, at least one negative shopping experience was reported by 29 percent of the respondents so far. In line with EU rules, a new Croatian Central Consumer Portal may provide the answer for consumers to be able to access everything they need to know about their rights.

As Darko Bicak/Poslovni Dnevnik writes on the 25th of November, 2018, a new set of European Union rules will soon be incorporated into domestic consumer protection legislation with the adoption of proposals sent to the Croatian Parliament.

Despite the generally welcome move, practice hasn't reflected theory so far, and information has shown that consumers tend to find it very hard to deal with the proverbial "forest" of regulations that exist when it comes to consumer rights and protection, and want easier access to information about their rights, as well as clear instructions to find out exactly who to contact when they feel that their rights have been denied, violated, or otherwise infringed upon.

The Ministry of Economy is therefore preparing a unique, Croatian central consumer portal entitled "Everything for Consumers" (Sve za potrošače) which should kick off with work by the end of this year, or just a little later at the very beginning of 2019.

"Our goal is that consumers no longer have to waste their time to first get the information [they need] about which competent body they require, then [spending more time] on just how to get to the [required] information from that body, but instead to have everything they need to know at their disposal - from how the product needs to be labelled in order for them to get all the information they need, and how it's necessary to point out the retail price to the possibility of the termination of the contract and the return of the goods, to what to pay attention to before they make purchases online,'' they state from the Ministry of Economy.

For the launch of the Croatian central consumer portal, inspiration drawn directly from field experience was used, and this year, campaigns across the country were organised, in March, September, and even on this coming Saturday another one will held at Zagreb's Zrinjevac.

The research conducted into this by the Ipsos agency back in September for the aforementioned Ministry shows how just a very small number of those over the age of 16, a mere 16.7 percent, believe they are somewhat or completely acquainted with their consumer rights. As many of 33.5 percent of consumers are totally unaware of what their rights as consumers are, and at least one negative customer experience was experienced by as many as 29 percent of the respondents, and most of them, as much as 71 percent, had a problem with a purchased product, followed then by public service irregularities (20 percent).

The move on creating the Croatian central consumer portal, and generally on placing greater emphasis and concern on consumer rights has been welcomed by Croatia because it ensures the continued proper functioning of the market, and the customer's satisfaction is very much in the interest of business people working in this field because transparency and fair rules often work as a trustworthy condition for returns, with re-purchases often then being made.

Make sure to stay up to date with our dedicated business and politics pages for more information like this.

Click here for the original article by Darko Bicak for Poslovni Dnevnik

The EU wants to see around 40 percent of women making up positions on company management and supervisory boards by the year 2020, and Croatia falls short. According to various results, gender-balanced business has increased revenues and directly affects GDP growth, and unemployment level is also reduced in general.

As Lucija Spiljak/Poslovni Dnevnik writes on the 21st of November, 2018, if women are successful, their countries are also successful - this was the conclusion of the conference on rights and business: The Positive Effects of Adopting a New European Regulatory That Strengthens Business and Women. The conference brought together women in managerial positions and was focused mainly on the overall importance of improving gender balance in managerial positions, how to properly lobby for this directive in state bodies and in private sectors, and the practice of good gender politics and examples of good practice throughout the territory of the EU.

Back in 2015, lawyer Tarja Krehić, along with fifty colleagues, founded the Croatian Association of Women in the Legal Profession, of which Krehić is president. She explained in detail the goals and the legal aspects of improving gender equality in management boards, backed by the statistics of the Republic of Croatia.

What motivated you to found the Croatian women's association in the legal profession? What does that deal with?

Law associations exist in the United States, in all European Union countries, they also act as umbrella organisations which bring together lawyers, and they observe women's empowerment trends and regulations. Since I graduated in law in the United States, I got acquainted with women's associations in the legal professions and realised how important it is for women, for business, and for justice.

In Zagreb, I gathered together colleagues, prominent judges, attorneys, and lawyers in economics. We founded the association and today we've gathered together more than 400 lawyers from all sorts of legal branches, from judges and state attorneys, to corporate lawyers and lawyers in economy. We're working on some interesting projects, and we'll begin with an academy that will be attended by students of the Faculty of Law, in order to improve their knowledge, and also for the profession to get what it needs from young lawyers.

I believe that the quality of knowledge at law faculties and at the Faculty of Law in Zagreb could be better. Practitioners who don't understand the practice and these new trends are on their way out. We're also organising a professional lecture where we bring experts and lawyers who talk more in detail about all the problems of the system with which society is not very well informed.

We deal with the legal profession, in a quality, professional, modern way, and not the conservative and traditional way in which it's being perceiving today. We also open up issues related to the EU and the effects of adopting the European regulation which empowers women in business and law.

What about the statistics on the representation of women in managerial positions in Croatia?

There's a so-called ''glass ceiling'' in the whole society and so to some extent in the legal profession. When we focus on the legal profession, more than 70 percent of lawyers are female and in the judiciary, yet we've never had a female president of the Supreme Court of the Republic of Croatia, and we've never had a female state attorney.

The Faculty of Law in Zagreb has existed for more than 240 years, and we've only had two female deans. Obviously, the status of women in our profession, as well as in general business, could be improved. There are many women in business and law who want to get into leadership positions and be leaders, but have a problem with that due to fear and a lack of ambition.

Given the rather defeating results, how do we improve the status of women in business, and thus stimulate the economy, too?

At the EU level, it was determined that women are highly qualified and skilled but not sufficiently utilised in their own professions. To improve the economy and to deal with international trends on a global level, society as a whole needs to be engaged. Having a large group of highly skilled personnel that is not adequately used presents with a problem that needs to be solved.

It places this issue as the number one issue and deals with the implementation of the [EU] directive for laying down a fixed female quota for the management boards of companies, which has already been implemented by a large number of European Union countries.

There's a law in Germany, France, Belgium, Italy, Portugal and Austria which states that the management boards of the largest companies listed on the stock exchange must have 30-40 percent women working in them, and if they don't, then they don't even have an adequately functioning company. There is another set of EU countries that don't use a quota regulation but use self-regulating measures.

Their goal is the same, and that is to have 30 or 40 percent of women on supervisory boards and within company management, not by statutory obligation, but by self-regulating measures, meaning that the business has sat down at the table and said we obviously have unbalanced management functions in terms of gender. We'll impose those rules on ourselves. For example, the United Kingdom managed to reach up to 27 to 28 percent of women in the supervisory boards of some of the largest companies in ten years by using self-regulatory measures, and they started out with just ten percent.

What should we be focusing on, and what is the level of importance of this directive, and ultimately, what are the benefits for the country?

We need to work, act, and introduce concrete measures, which unfortunately doesn't work in our country, neither by passing laws nor by self-regulatory measures. The statistics don't support us. In Croatia, 21-22 percent of women work in administrations, 19 percent work on the supervisory boards of stock exchange companies, and Europe have said that by 2020, we must have between 30 and 40 percent women in such positions.

So, we don't stand well at all and the problem is that nobody is actually dealing with this issue. We don't advocate the application of any of these methods, but we're insisting on the fact that it's necessary to act on them. It's up to the state, state bodies and the profession to decide upon the direction by which this imbalance should be resolved.

The gender-balanced business management structure has increased revenues and directly influences GDP growth, it reduces unemployment of women and unemployment in general, it improves natality and addresses pension issues as women contribute to the pension system.

Through projects like the debate on the directive, we're doing only good for our society, the EU recognises that and we want to put Croatia on the map of those countries which are dealing with the gender-balanced business issue. We want to live in a country that is advanced financially, economically, socially, and in every other aspect, and through expert engagement on these topics, we'll manage to arrive to this.

Although Croatia falls short in this respect at the moment, the situation appears likely to improve, likely at a far slower pace than most would want. Want to keep up with more information like this? Make sure to follow our dedicated politics page for much more.

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

Virovitica is by far one of Croatia's most overlooked cities. Located what feels like a world away from the hustle and bustle of desirable Dalmatia and the funk of the capital city, not far from the Hungarian border, this quiet continental Croatian city is like a step back in time, with all but its highly advanced budget for next year, it seems.

As Poslovni Dnevnik writes on the 21st of November, 2018, Virovitica will have the largest budget in its entire history in 2019, it adds up to about 286,175,000 kuna, an amount the city councillors adopted at their fifteenth regular session.

At the session of the city council, it was stated that in relation to last year, Virovitica's budget plan had increased by a considerable 13 percent, mainly due to large and significant urban projects that will be co-financed by European Union funds and the state budget itself. In addition to providing funds for the material expenses and the investment maintenance costs, the City of Virovitica expects continued work on projects which have already begun being worked on, as well as some brand new investments.

Thus, the city's 2019 budget includes funds to continue the construction of the Centre for Education and Rehabilitation and three-part school sports hall in the amount of 27,150,000 kuna and the reconstruction of the City Park and Castle Pejačević in the amount of 28,200,000 kuna. There are two projects which mainly involve the energetic restoration of buildings, including the "Cvrčak" kindergarten and the Ivana Brlić-Mažuranić primary school, both in the amount of 1.620.000 kuna, according to a report from Glas Slavonije.

In addition, the City of Virovitica has plans for a few totally new investments, including the construction of a sports and recreation centre in Virovitica - a complex which will be built on the site of some former barracks, worth 26,300,000 kuna, an increase in the overall energy efficiency of public lighting worth 14,350,000 kuna, and the energetic renovation of various buildings, a cultural centre, and the reneal of the of the sport community building, worth a massive 16,330,000 kuna.

In addition to all of the aforementioned, there are also plans for several more projects, including the construction of communal infrastructure, rearranging the traffic zone around the Ivana Brlić-Mažuranić primary school, road construction in certain areas, car park construction, and other infrastructure projects described in more detail in Virovitica's construction program for 2019.

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