Business

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…
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…
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