Business

Saturday, 23 July 2022

American Billionaire Investing in Croatian-Irish Startup Fonoa

July the 23rd, 2022 - The Croatian-Irish startup Fonoa is set to be richer following an investment from no less than an American billionaire linked to the likes of Snapchat and TikTok. As Novac/Jutarnji/Bernard Ivezic writes, the Croatian-Irish startup Fonoa, which offers automated tax calculation services on a global level and has Spotify, Remote.com, Uber and Zoom as clients, has received a 60 million euro investment. This is one of the ten largest investments in a startup by Croatian founders so far. The success is all the greater, because this is Fonoa's second investment round in just six months. In the…
Friday, 22 July 2022

Looking for a Job in Croatia: This Week's Top 10 from Posao.hr

July 22, 2022 - Looking for a job in Croatia? A new weekly feature on TCN, in partnership with leading job site agency, Posao.hr, who present a selection of weekly job listings. How hard is it to find a job in Croatia, and what is on offer? We spoke to Ines Bokan, director of leading jobs site Posao.hr, who kindly took the time for this excellent interview overview.   Ines has kindly agreed to work with us on a new weekly feature on TCN - a weekly selection of 10 job listings, as chosen by Posao.hr.  Details and links to the…
Friday, 22 July 2022

How is the Job Market in Croatia? Interview with Posao.hr Director Ines Bokan

July 22, 2022 - Stories of emigration due to lack of good jobs coupled with employers unable to find workers. What is the reality of the Croatian job market today? We asked Ines Bokan, who runs one of the country's leading job search companies, Posao.hr.  A few months ago, I place an ad on TCN's Facebook page looking for the next round of candidates for our intern programme. Minutes later, I received a very nice email from Ines Bokan from Posao.hr, offering to run my ad for free on the homepage.  The results were great - some 45 very high-quality…
Friday, 22 July 2022

Japanese Investment to See Sesvete Factory Produce Glass Ampoules

July the 22nd, 2022 - One Sesvete factory near the City of Zagreb is set to produce packaging in the form of glass ampoules for various medicines following an investment from the Japanese company Nipro. As Poslovni Dnevnik/Marija Crnjak writes, on Wednesday, the Japanese mega-company Nipro Corporation Japan presented its investment of more than 100 million kuna in a Sesvete factory, where they are building a new ampoule and vial factory for the pharmaceutical industry - Nipro Pharma Packaging Hrvatska. As is already known, last spring, Nipro Corporation Japan bought the former Piramida factory in Sesvete from the Blue Sea Capital…
Thursday, 21 July 2022

Businesses Urged to Adopt Euro Changeover Ethical Code

ZAGREB, 21 July 2022 - Businesses should adopt the euro changeover code of ethics and in the current circumstances no business should make "profiteering and speculative" moves, Prime Minister Andrej Plenković and Economy Minister Davor Filipović said on Thursday. Presiding over the 16th session of the national council for adopting the euro as the official currency, Plenković said this was the first session since the final EU decision on Croatia's accession to the euro area on 1 January 2023. In the final stage of introducing the euro, all mechanisms should contribute to creating a secure environment for consumers, which means that businesses…
Thursday, 21 July 2022

How to Become a Better Host for Your Guests this Summer?

July 21, 2022 - Traveling is all about the experience, and as a host, you too can do your part to make that experience unforgettable for your guests this summer in Croatia. Take a look at these tips that can help you become a better host this season! There are those who say that Croatia sells itself and does not need strong advertising campaigns. On the plus side, it can give you peace of mind that bookings will eventually land as everyone wants a bit of Croatian summer. On the downside, this can make you overconfident and make you believe that…
Thursday, 21 July 2022

iNovine Becomes First Croatian National Kiosk to Accept Cryptocurrencies

July the 21st, 2022- iNovine is set to become the very first Croatian national kiosk which will accept payments made in cryptocurrencies, a form of currency which is rapidly becoming more and more popular as time goes on. As Poslovni Dnevnik writes, iNovine, one of the largest retail kiosks in the Republic of Croatia which operates as part of BAT, is introducing a new cryptocurrency payment service, thus becoming the first Croatian national kiosk to offer the possibility of making payments in cryptocurrencies at physical points of sale. This project was realised in cooperation with the company Electrocoin, which made cryptocurrency…
Wednesday, 20 July 2022

ACI Reports H1 Operating Revenue of HRK 98m

ZAGREB, 20 July 2022 - The ACI marina chain earned HRK 98 million in operating revenue in the first half of 2022, which is 4.6 million more than in the same period of the record-breaking 2019, its financial statement shows. In the first six months of this year, the company invested HRK 47.9 million in infrastructure and services, compared to the 44 million invested in the whole of 2021. Sales revenue increased by HRK 15.6 million, or 20%, to HRK 94.6 million. Profit was HRK 3.2 million, following a loss of HRK 4.6 million in H1 2021, while EBITDA increased…
Wednesday, 20 July 2022

Croatian Entrepreneur Mate Rimac Invests in Gruntek

July the 20th, 2022 - Croatian entrepreneur Mate Rimac has decided to invest in a company that couldn't possibly have less to do with cars if it tried - Gruntek.  As Poslovni Dnevnik writes, the remarkably talented Croatian entrepreneur Mate Rimac, known for his dogged determination to succeed in a society which still doesn't provide much of a welcoming or transparent environment for entrepreneurship, joined the ''gardens of the future'' during the second year of existence of Gruntek, the largest producer of eco-vegetables. Rimac's investment in the the Croatian-made Gruntek will provide it with a very welcome spring in its…
Wednesday, 20 July 2022

Remarkable Croatian Company Infobip Enters Israeli Market

July the 20th, 2022 - The impressive Croatian company Infobip has entered yet another new market as part of another brave business move, this time in Israel. As Poslovni Dnevnik/Darko Bicak writes, the Croatian company Infobip, which is now multinational has included Israel as a new destination in which they'll operate and employ new people, and now their global business network has more than 3,500 employees worldwide. As was announced recently by the Croatian company Infobip itself, this cloud communication platform is only continuing with its ongoing and very enviable global growth. The start of operations in Israel was announced by…
Tuesday, 19 July 2022

Spanish Energy Company to Build Two Wind Farms in Dalmatia

ZAGREB, 19 July 2022 - The Spanish energy company Acciona Energía has announced the construction of two wind farms in Croatia, which would supply electricity to around 60,000 households. One wind farm would be built in Split-Dalmatia County and the other in Šibenik-Knin County. The value of the investment is close to €100 million. The two wind farms will have a total of 16 wind turbines generating 203 GWh of clean energy annually, enough to meet the needs of around 60,000 households, the company said on Monday. Once operational in 2024, they will reduce CO2 emissions by 135,000 tonnes a year, it added.…
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