Business

Monday, 1 August 2022

Average Monthly Net Pay Highest in ICT Sector, Analysis Shows

ZAGREB, 1 August, 2022 - The highest average net monthly salary in 2021 was paid in the ICT sector, amounting to HRK 9,584, 50.9% more than the national average in the business sector, shows an analysis by the Financial Agency (FINA). In 2021 the average monthly net pay of 964,742 persons employed in 144,259 businesses subject to profit tax payment (not including financial institutions), was HRK 6,350, an increase of 6.1% from 2020, when the average pay amounted to HRK 5,985. Fina's analysis shows that businesses in three activities - manufacturing, commerce and construction - accounted for 55.5% of all employed persons, with…
Sunday, 31 July 2022

Tourism and Investment Ace Damir Vandjelic to Lead RoomOrders Expansion

July 31, 2022 - DELAWARE, United States_ Highly accomplished manager Damir Vandjelic, who previously presided over an HRK 8 billion tourism portfolio, has been appointed CEO of RoomOrders Global, bolstering the start-up’s international expansion. Vandjelic, who has held executive positions in leading companies like Pliva, Interbrew, Croatia osiguranje and INA, notably headed capital investment in tobacco, tourism and fish-farming giant Adris Group. Vandjelic, who will focus on strategic expansion across European resorts and raising capital, will join RoomOrders Inc. CEO Eugene Brcic Jones, who will focus on the group’s marketing and PR from its US headquarters.   “Mr Vandjelic is among Croatia’s…
Sunday, 31 July 2022

Hrvatska Postanska Banka's Organic Growth Sees it Pushed Forward on Market

July the 3st, 2022 - Hrvatska Postanska Banka has been pushed forward significantly on the market owing to its organic growth and the excellent business being done, not to mention a new acquisition. As Poslovni Dnevnik writes, during the first six months of 2022, Hrvatska Postanska Banka achieved strong growth in terms of the wider HPB Group's assets and the acquisition of Nova Hrvatska Banka (New Croatian Bank), which is now successfully operating. All of the above has significantly strengthened its overall market position. After a record 2021, a ten digit net profit of 1.066 billion kuna was realised at…
Saturday, 30 July 2022

Croatian Tourism Company Valamar Riviera Publishes 2022 Results So Far

July the 30th, 2022 - The massive Croatian tourism company Valamar Riviera has published the results it has acheived during the first six months of this year, and they're in stark contrast to the situation just one year ago, never mind two. As Poslovni Dnevnik writes, in the first half of 2022, the Croatian tourism company Valamar Riviera achieved an impressive 2.1 million overnight stays with business revenues of 677.5 million kuna, which is comparable to the volume of business in the first six months of the pre-crisis, record year of 2019. The growth of business income in the first half…
Friday, 29 July 2022

Looking for a Job in Croatia? This Week's Top 10 from Posao.hr (July 29, 2022)

July 30, 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, 29 July 2022

New Serengeti Split Office Opens, Company Hires Local IT Experts

July the 29th, 2022 - The brand new Serengeti Split office has opened its doors and has been hiring local IT experts, a move which will hopefully further contribute to people remaining in Croatia and people from Dalmatia becoming employed in something other than tourism. As Poslovni Dnevnik writes, after having opened offices in Zagreb, Bjelovar, Varaždin and neighbouring Bosnia and Herzegovina, as well as development centres over in Kenya and Serbia, the new Serengeti Split office has opened, where it sees great potential for further establishing the IT profession, developing innovative projects and attracting young experts from across the…
Friday, 29 July 2022

Could Croatia Airlines End Up in Proverbial Aegean Airlines Basket?

July the 29th, 2022 - Croatia Airlines has been in troubled waters for some time now, and although the search process for a strategic partner (yes, it's still ongoing) of the Croatian national airline was completely stopped for the past two years due to the COVID-19 pandemic, it seems that preparations are still ongoing in the corporate world. As Poslovni Dnevnik/Darko Bicak writes, the very well known Greek company Aegean Airlines announced this week that it is interested in taking over several carriers in Southeastern Europe, including Croatia Airlines. As reported by Exyuaviation, the Vice President of Aegean Airlines, Eftychios…
Wednesday, 27 July 2022

BAT Gets Logistic Centre in Northeast Croatia to Store Tobacco from 26 Countries

ZAGREB, 27 July 2022 - The Hrvatski Duhani company specialised in tobacco wholesale trade, which operates within British American Tobacco (BAT), has opened a regional logistics and distribution centre in Pitomača, northeastern Croatia, BAT said in a press release on Wednesday. The 4,000-square-large facility will store tobacco supplies from 26 countries and will be the central point for the provision of tobacco supplies to BAT's factories in Augustow, Poland, Bayreuth, Germany and Pecs, Hungary. The capacity of the Pitomača-based logistics and distribution centre is 18,500 standard boxes of tobacco. This investment in the centre ensued after BAT recently invested HRK 400 million in new…
Wednesday, 27 July 2022

Croatia's May Industrial Turnover Jumps 24.3% y-o-y, 10% m-o-m

ZAGREB, 27 July 2022 - In May 2022, industrial turnover was 24.3% higher on the year and 10% on the month, the Croatian Bureau of Statistics (DZS) said on Tuesday. Year on year, industrial turnover went up by 28.2% on the domestic and by 19.4% on the foreign market. In May, the highest year-on-year increase was recorded in the sale of energy, +58.6%. It was followed by durable consumer goods (+33.2%) Industrial turnover of intermediate products grew 24.6%, of non-durable consumer goods (+19..4%), and capital goods by 18.3%. Year on year, industrial turnover has been increasing since early 2021, except in February that year,…
Wednesday, 27 July 2022

The Power of Writing on LinkedIn: An Interview with Dina Calakovic

July 27, 2022 - There is a rising star in the world of copywriting and content creation on LinkedIn. Meet a young lady whose free advice is helping many as she continues to grow - Dina Calakovic, based in Madeira, Croatia and Scarborough in the UK. Two months ago, I had never heard of Dina Calakovic, but today I eagerly await her next post on LinkedIn when I log on each morning. We have never met, indeed only exhanged a couple of LinkedIn requests and some emails for this interview, but in the few weeks since I came across her…
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…
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