Business

Thursday, 14 April 2022

ACI Marina's Operating Profit Thirteen Million Kuna Higher

April the 14th, 2022 - ACI Marina's operating profit has shot up when compared to last year's recorded revenues, not to mention the fact that there has been significant growth in terms of the amount of vessels. As Poslovni Dnevnik writes, last year, this well known company recorded sales growth of 35.9 million kuna when compared to the previous year, as well as growth of physical indicators of 38,000 ship days, according to an annual report released on Tuesday. Based on the daily connection service, there was an increase of 22.6 million kuna or 67 percent when compared to the…
Thursday, 14 April 2022

New LNG Croatia Service Sees it Become Unique in "LNG World"

April the 14th, 2022 - LNG Croatia has made quite the name for itself owing to a new service it offers, making it unique in the world of the LNG industry. With the Russian invasion of neighbouring Ukraine prompting harsh sanctions against that country, nations which relied and still do rely heavily on the import of Russian gas are now busy seeking new ways to meet their gas needs to end their reliance on the aggressor.  This new LNG Croatia service is definitely something that will place this Terminal's offer more firmly on the map as the situation with sanctions…
Wednesday, 13 April 2022

HNB Revises Down 2022 GDP Growth Forecast From 4.1% to 3.2%

ZAGREB, 13 April 2022 - The Croatian National Bank (HNB) expects in its baseline scenario that its projection of real GDP growth of 4.1% in 2022, published in December 2021, will go down to 3.2%, mostly due to unfavourable indirect and direct economic effects of the Russian invasion of Ukraine. The HNB Council said in a statement after a session on Wednesday that the available highly frequent data indicate an acceleration of real activity growth in Q1, even though the annual growth rate could go down compared to the previous quarter. "In the remaining part of the year economic growth is expected…
Wednesday, 13 April 2022

Finance Ministry to Issue Bonds on International Financial Market

ZAGREB, 13 April 2022 - As the maturity of the oldest Croatian euro bond in the amount of €1.25 billion is approaching, the Finance Ministry will for the first time this year issue a bond on the international financial market, with 2032 as the year of maturity. The Finance Ministry on Wednesday opened a subscription book for new Croatian euro bonds ahead of 30 May, the maturity date of the €1.25 billion euro bond, the oldest Croatian euro bond issued in 2014. The expected maturity date of the new issue is 2032, RBA analysts said. Finance Minister Zdravko Marić said in…
Wednesday, 13 April 2022

Bots&Pots: Restaurant with Robotic Chefs Opens in Zagreb

March 13th, 2022 - Yesterday, Bots&Pots was opened in Zagreb on Vlaška 50 as the world's first restaurant with robotic chefs capable of preparing all kinds of one-pot meals. Bots&Pots is a new model of digitized catering, with an ambitious plan of expanding first throughout Croatia and eventually across the world with the help of the franchise business model. The kitchen is run by GammaChef robots that prepare a meal in under 15 minutes all in front of the eyes of the customers. Robots can cook any meal that can be prepared in a pot, hence the name of the…
Wednesday, 13 April 2022

From High Street Brands to High Fashion, Zagreb Unique Place Opens Doors

April the 13th, 2022 - The brand new Zagreb Unique Place has opened its doors in the very heart of Zagreb, offering everything from high street brands to high fashion to its customers. As Poslovni Dnevnik writes, the new Zagreb Unique Place store is located in the very centre of Zagreb, more precisely at the address Preradoviceva 40. This unique concept, the first of its kind in all of Croatia, is a creative space for bazaars, fairs, workshops, panels to encourage clothing recycling and raise awareness of the harmfulness of the fashion industry. This past weekend, the new Zagreb Unique…
Tuesday, 12 April 2022

Rijeka Shares Experience With European Capital of Culture Project With Bad Ischl

ZAGREB, 12 April 2022 - Rijeka is a good example of how the European Capitals of Culture project contributes to the development of cities in the European Union, Austrian member of the European Parliament Hannes Heide said during a visit to the northern Croatian Adriatic city on Tuesday. Heide is the former mayor of Bad Ischl, which will assume the title of European Capital of Culture in 2024. He met with Rijeka mayor Marko Filipović to discuss the European Capitals of Culture project. Speaking to the press after the meeting, Heide said that they had exchanged experience with the organisation of…
Tuesday, 12 April 2022

ZSE Indices Drop

ZAGREB, 12 April 2022 - The main Zagreb Stock Exchange (ZSE) indices fell on Tuesday, the Crobex by 0.69% to 2,130 points and the Crobex10 by 0.48% to 1,276 points. The Crobex indices thus followed the trend of European stock indices, which are under pressure due to the war in Ukraine, the slowdown in economic growth and high inflation. Today's regular turnover on the ZSE was HRK 8.4 million, or HRK 6.2 million less than on Monday. The highest turnover, of HRK 2.3 million, was generated by the Maistra stock, which closed at HRK 302 per share, up 2.58%. The Zagrebačka…
Tuesday, 12 April 2022

EIB Group Invests €760m in Croatia in 2021

ZAGREB, 12 April 2022 - The European Investment Bank (EIB) Group in 2021 secured €760 million to support Croatia's economy, and in 2022 and the years to come emphasis will be put, among other things, on increasing energy independence with investments in renewable energy sources and liquefied natural gas. In 2021 the EIB invested €113 million and the European Investment Fund (EIF), as the other component of the EIB Group, a record €647 million, with total investments by that EU bank in all key economic sectors in Croatia since 2001 having thus reached €7.2 billion, it was said at a working…
Tuesday, 12 April 2022

EIB Supports Projects of Renewable Energy Storage Capacities in Croatia

ZAGREB, 12 April 2022 - Olga Pascenco, the European Investment Bank's Global Relationship Manager in Croatia, said on Tuesday that this European Union bank would finance and support projects for the construction of storage facilities for energy generated from the renewables. Addressing a news conference at which the EIB presented its results in Croatia in 2021, Pascenco said that there was great potential for the construction of renewable energy storage facilities. The EIB is ready to offer financial, technical and advisory support to the private sector in such projects, she said. The EIB representative spoke about the importance of developing rail and…
Monday, 11 April 2022

Croatia Sees 19.3% Drop in Job Seekers in March

11 April 2022 - A total of 125,604 unemployed persons were registered with the Croatian Employment Service (HZZ) at the end of March 2022, down by 3.7% from the previous month and by 19.3% from March 2021. March was the second month in a row to see a decline in the number of unemployed persons on a monthly level. There were 4,849 fewer of them compared with February. Compared with March 2021, their number decreased by 29,984. Daily figures indicate that the number of unemployed persons will continue to fall in April as well. On Monday, 122,139 job seekers were registered…
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