ZAGREB, 15 June, 2021 - The Zagreb Stock Exchange (ZSE) Crobex and specialised Crobex10 indices on Tuesday rebounded by 0.41% to 1,973 points and 1,213 points respectively.

Today's regular turnover was HRK 6.4 million, or HRK 800,000 more than on Monday.

The Maistra hotel company was the only one to cross the one million kuna mark in turnover. It generated HRK 1.25 million and its share price stagnated at HRK 302.

A total of 39 stocks traded today, with 18 of them registering share price increases, 14 recording share price decreases and seven remaining stable in price.

(€1 = HRK 7.489862)

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ZAGREB, 9 June, 2021 - The main Zagreb Stock Exchange (ZSE) indices rose on Wednesday for the second day in a row amid modest trading.

The Crobex gained 0.43% to reach 1,958.03 points, its highest level in nearly a month, while the Crobex10 rose by 0.56% to 1,210.84 points, its highest level since the end of February 2020.

Turnover at the close of the trading session was HRK 4.5 million, about 600,000 higher than on Tuesday. None of the stocks passed the turnover mark of one million kuna.

A total of 35 stocks traded today, with 14 of them registering share price increases, 10 recording share price decreases and 11 remaining stable in price.

(€1 = HRK 7.493408)

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ZAGREB, 9 June, 2021 - Over the next five years, the Podravka Group plans to invest about HRK 5 billion in the modernisation and digitalisation of production and logistics, marketing and acquisitions, the group said on Wednesday after the Supervisory Board green-lighted its business strategy until 2025.

"The implementation of the adopted strategy includes investment of about HRK 1.7 billion in the modernisation and digitalisation of production and logistics processes, about HRK 1.4 billion in marketing to achieve organic growth, and about HRK 2 billion for acquisitions," Podravka said in a statement.

The group's Food division will focus on product and packaging development and innovation to increase the availability of products and adjust them to the needs and habits of different consumer groups.

The business strategy also sets the criteria for the consideration and selection of acquisitions. With possible acquisitions in the Food division, Podravka aims to strengthen its presence and position on markets to pursue further accelerated growth.

The Pharmaceuticals division (Belupo) will focus on strengthening growth on international markets, notably in central and eastern Europe, expanding its portfolio with products  in additional anatomical, therapeutic and chemical groups, and boosting growth on the domestic market by introducing new products.

(€1 = HRK 7.5)

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ZAGREB, 8 June, 2021 - The main Zagreb Stock Exchange (ZSE) indices increased on Tuesday amid modest turnover, with the Crobex going up by 0.37% to 1,949.56 points and the Crobex10 by 0.31% 1,204.12 points.

Today's regular turnover was about HRK 3.9 million, about HRK 2.7 million lower than on Monday.

An additional HRK 2.8 million was generated by block transactions with shares of the HT telecommunications company.

The stock of the HT company was also the only one to cross the one million kuna turnover mark in regular trading. It generated a turnover of HRK 1.1 million, and the price of its share went up by 1.09% to HRK 185.

A total of 38 stock traded today, with half of them, 19, registering price increases, 11 stagnating in price and eight recording price decreases.

(€1 = HRK 7.497334)

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ZAGREB, 2 June, 2021 - The Zagreb Stock Exchange (ZSE) main indices rose on Wednesday for the fourth consecutive day, and turnover was slightly higher than in previous days, with HT and Turisthotel each generating more than HRK 2 million in turnover.

The Crobex increased by 0.36% to 1,951.71 points, and the Crobex10 by 0.43% to 1,207.71 points.

Regular trading amounted to HRK 8.6 million, 4.8 million more than on Tuesday.

The most traded stock was the HT telecom company, with a turnover of HRK 2.97 million. It closed the day unchanged, at HRK 185.50 per share.

The Turisthotel tourism company turned over HRK 2.5 million and was among the more liquid stocks, with a price increase of 3.23% to HRK 3,200.

A total of 33 stocks were traded today, with 13 registering a price increase, 11 registering a price decrease and 9 remaining stable.

(€1 = HRK 7.504018)

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ZAGREB, 2 June, 2021 - The budget revision, proposed by the government today, keeps Croatia in a safe financial zone, Finance Minister Zdravko Marić said after the cabinet's meeting on Wednesday.

The proposed budget changes set the general government deficit at 3.8% of GDP, and the government believes that this increase still keeps Croatia in a safe zone in terms of economic and other activities as well as in terms of the opinion of credit rating agencies and the European Commission, he added.

The government is committed to reducing the public debt from 88.7% to 86.6% of GDP, this year, Marić said, announcing one more revision of this year's budget.

The proposed revision, adopted today, will probably be on the government's agenda next week.

The minister said that he was looking forward to a meeting with Zagreb's new mayor Tomislav Tomašević, and that he and his team would be at the disposal of the newly elected local authorities.

"As far as Zagreb is concerned, I am sure that the mayor and I will meet to discuss several things," he said, explaining that with regard to additional borrowing, laws were clear and applied equally to everybody.

Among the topics to be discussed with Tomašević is a limit on borrowing, he said in a comment on the topic of possible new borrowing, explaining that the amount needed to service debts and cover loan guarantees this year must not exceed 20% of last year's revenue.

With regard to the purchase of fighter jets for the army, Marić said that the government would be guided by pragmatic criteria only. Therefore, a certain amount could be paid as an advance this year, he added.

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ZAGREB, 1 June, 2021 - The Zagreb Stock Exchange (ZSE) main indices on Tuesday continued their positive streak for the third consecutive trading day, with the Crobex going up 0.6% and the Crobex10 by 0.5%, while trading was modest.

The Crobex went up by 0.61% to 1,944.66 points and the Crobex10 by 0.48% to 1,202.22 points.

Regular trading was modest and amounted to HRK 3.8 million.

Not one stock crossed the million kuna turnover mark, and the closest to it was the Atlantska Plovidba shipping company, with HRK 941,600. Its price rose by 6.23% to HRK 375 per share.

A total of 39 stocks were traded today, with 20 registering a price increase, 9 registering a price decrease and 10 remaining stable.

(€1 = HRK 7.515997)

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ZAGREB, 26 May, 2021 - The main Zagreb Stock Exchange indices ended the day in different directions on Wednesday, with investors focusing on the preferred shares of the Adris tourism and insurance group and the Valamar Riviera hotel group.

The Crobex fell for the fourth day running and dropped by 0.16% to 1,932.26 points. 

After falling for two days, the Crobex10 picked up and ended the day at 1,197.56 points, increasing by 0.20%.

Regular turnover amounted to HRK 8.85 million or about 450,000 more than on Tuesday.

The most liquid stock was the Adris Group with a turnover of HRK 3.2 million of its preferred shares, which closed at a price of HRK 410 per share, down 0.49%.

The Valamar Riviera hotel group was the only other stock to cross the million kuna mark. It generated a turnover of HRK 1.2 million. Its shares jumped in price by 0.67% to close at 30 kuna. 

Of the 36 stocks that traded today, only 9 registered share price increases.

(€1 = HRK 7.505183)

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ZAGREB, 26 May, 2021 - Amendments to the Capital Market Act, which are aimed at further aligning Croatia's regulatory framework with the EU acquis, were supported on Wednesday by both the Opposition and the ruling majority in the parliament, who expressed hopes for the revival of the capital market. 

This is one of the most complicated laws that summarises what kind of capital market Europe wants, said Social Democrat MP Boris Lalovac, warning that Croatia's capital market was far less developed than the European.

"The value of the capital market in Croatia is HRK 276 billion, 140 billion are stocks and 130 billion securities, the annual turnover of the Zagreb Stock Exchange is around HRK 3 billion while the turnover on the OTC market is HRK 27 billion," Lalovac said.

That shows that outside of the stock exchange and capital markets, which have strict rules, trading is ten times greater, Lalovac said, expressing hope this would change.

Grozdana Perić of the HDZ said that better oversight and regulation would enable further development of the capital market in Croatia.

She warned, however, that the coronavirus crisis had caused an outflow of funds from investment funds and that their value had dropped by more than 35% or HRK 8 billion.

That is one of the reasons for amending the law, said the State Secretary at the Finance Ministry, Stjepan Čuraj, who presented the amendments to MPs.

"If we take as an example the Zagreb Stock Exchange alone, during the pandemic in 2020 it dropped by more than 35%, from 2,000 to 1,300 basis points," Čuraj said, noting that there was room for improvement.

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ZAGREB, 25 May, 2021 - The Zagreb Stock Exchange (ZSE) Crobex dropped 0.27% to 1,935.39 points and the Crobex10 fell by 0.40% to 1,195.19 points on Tuesday.

Today's turnover totalled HRK 8.4 million, or HRK 900,000 more than on Monday.

In terms of the volume of trading, the best performer was the HT telecom company (1.4 million), and its share price rose 0.54% to HRK 185.

The preferred shares of the Adris Group turned over 1.3 million, and their price slid 1.20% to HRK 412.

The Valamar Riviera stock turned over 1.1 million, and its share price increased 1.36% to HRK 29.80.

The Atlantska Plovidba shipping company generated a turnover of slightly over a million kuna, seeing a share price fall of 1.63% to HRK 361.

A total of 39 stocks traded today, with 16 of them registering share price decreases, 14 rising and eight remaining unchanged.

(€1= HRK 7.506870)

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