Business

Friday, 11 June 2021

Croatian Capital Takes Unenviable Place on List of Best Cities for Business

June the 11th, 2021 - Where would the Croatian capital of Zagreb be on a list of cities for doing business? Despite the city having attracted a lot of foreign business over more recent years, particularly since Croatia joined the EU back in 2013, it still holds an unenviable position. As Poslovni Dnevnik/Ana Blaskovic writes, if entrepreneurs and business owners could choose anywhere in the world to start up a business, the Croatian capital city of Zagreb would be the 72nd choice of 75 cities. Unimpressive indeed. In a competition of 200 global capitals, Zagreb was shortlisted according to the…
Thursday, 10 June 2021

Tax Relief Enables Tourism Sector Businesses to Have €15.8m at Their Disposal

ZAGREB, 10 June 2021 - The Croatian ministry of tourism and sport has adopted three ordinances about the reduced tax burden and tax exemption, which would enable businesses in the tourist trade to have 118 million more kuna at their disposal. The changed regulations about the exemption from payment of some of the accommodation surcharge lump sum and membership fees for the local tourist boards were published in the Official Gazette on Thursday. Minister Nikolina Brnjac says in a press release that she is sure that this tax relief in the amount of 118 million kuna "will definitely facilitate the efforts of hotels,…
Thursday, 10 June 2021

Two Million TEU Handled by Adriatic Gate Container Terminal in Last 10 Years

ZAGREB, 10 June 2021 - The Adriatic Gate Container Terminal (AGCT) handled two million twenty-foot equivalent units (TEU) at the Brajdica Terminal in Rijeka in the last ten years since it became a member of the International Container Terminal Services, Inc., the AGCT reported on Thursday. The Adriatic Gate Container Terminal (or the Jadranska Vrata in the Croatian language) recalls that in April 2011, the International Container Terminal Services (ICTSI) became the majority owner in this Croatian company specialized in operating container cargo. The results in the last ten years have proved the success of the public-private partnership with the Port of Rijeka, the Port of Rijeka Authority, and…
Wednesday, 9 June 2021

Zagreb Stock Exchange Indices Up For Second Day in a Row

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…
Wednesday, 9 June 2021

Podravka Group to Invest HRK 5 Bn Over Next Five Years

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…
Wednesday, 9 June 2021

Caterers Want Extended Working Hours in Croatia During EURO 2020

June 9, 2021 - Restaurant and bar owners are looking for extended working hours in Croatia during EURO 2020, beginning on Friday, June 11.  The first extended weekend, better epidemiological situation, and the sun brought a smile to the faces of tourism workers after a long time. In Split-Dalmatia County, there were 75 thousand overnight stays and 17 thousand arrivals. While the numbers aren't quite like before, there is a reason for optimism and hope for a successful season, writes HRT. About 4,000 domestic and foreign guests were resting in Split last weekend, and 8,000 passengers traveled through the airport…
Wednesday, 9 June 2021

Croatian Bus Companies Continue to Feel Intolerable Pressure

June the 9th, 2021 - Croatian bus companies running along county and inter-county lines have been suffering tremendously throughout the pandemic, and despite the state insisting on getting involved to relieve the pressure, nothing has happened. As Poslovni Dnevnik/Darko Bicak writes, although after a three-year delay this spring, a decision has finally been made to regulate the public road passenger transport service, Croatian bus companies running along the aforementioned lines warn that nothing is still happening. As was stated in the open letter sent to the Prime Minister by the Croatian Employers' Association (HUP) and the Federation of Independent Trade…
Wednesday, 9 June 2021

Podravka Factory to Undergo Modernisation for Manufacturing of New Products

June the 9th, 2021 - The Podravka factory (Kalnik) in continental Croatia is set to get an enormous cash injection to modernise its facilities and equipment to make way for the production of yet more products from this much loved Croatian company. As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, the Kalnik Podravka factory located in the continental city of Varazdin is being modernised, after which new food products from this globally recognised company will be created. The company received a huge 19.37 million euro grant from European Union (EU) funds from the Ministry of Agriculture, because the "Investment in the modernisation of…
Tuesday, 8 June 2021

Zagreb Stock Exchange Indices Increase Amid Modest Turnover

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…
Tuesday, 8 June 2021

Illegal Construction on Čiovo Stopped in Just Two Days!

June 8, 2021 - Illegal construction on Čiovo near Trogir was stopped in just two days, a rare occurrence in The Beautiful Croatia.  It seems that the efficiency of the state authorities' reaction to the devastation and construction without a permit on the maritime domain is finally visible, as illegal construction on Čiovo Island was stopped in just two days!  Namely, construction without "paperwork" in Arbanija was stopped in what seems like record time, and, as Slobodna Dalmacija finds out, Polish citizens were in focus.  The disputed interventions were reported to the county application "Pomorsko je dobro". Everything was forwarded…
Tuesday, 8 June 2021

EU Intellectual Property Office (EUIPO): 7% of Croatians Misled Into Buying Counterfeits

ZAGREB, 8 June, 2021 - Nine percent of Europeans and seven percent of Croatians have been misled into buying counterfeit products, according to a survey released by the EU Intellectual Property Office (EUIPO) on Tuesday. The study, entitled "European Citizens and Intellectual Property", shows that consumers find it difficult to distinguish between genuine and fake products. Nearly one in ten Europeans claimed that they were misled into buying counterfeits, but there were considerable differences between EU member states. 19% of Bulgarians, 16% of Romanians and 15% of Hungarians said they were deceived, compared to 2% of Swedes and 3% of…
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