Business

Saturday, 23 April 2022

Zagreb Company Holosys Gets Owner from Powerful Egyptian Group

April the 23rd, 2022 - The Zagreb company Holosys has got an owner from the powerful Egyptian Elsewedy group, which has been the owner of the Slovenian Iskraemeco group since back in 2007. As Poslovni Dnevnik/Marija Brnic writes, the Zagreb company Holosys, a tech group which deals with the production of measuring instruments, has now got a new majority owner, the Slovenian Iskraemeco, seeing it become part of the Egyptian group Elsewedy. With the announcement of the conclusion of the contract by which this Slovenian company will take over the Zagreb company Holosys, both companies expressed their joint expectations that…
Friday, 22 April 2022

Croatia Among EU Countries With Largest Decreases in Debt to GDP Ratio

ZAGREB, 22 April (2022) - The government debt to GDP ratios in the EU and the euro area decreased in the fourth quarter of 2021 thanks to the recovery of the economy from the coronavirus crisis, and Croatia was among the countries with the largest decreases, according to a report released by Eurostat on Friday. In the EU, the government debt to GDP ratio stood at 88.1% at the end of 2021, compared to 89.9% at the end of September. In the euro area, the ratio was 95.6%, down by 1.9 percentage points from the previous quarter. At the end of…
Friday, 22 April 2022

Main Zagreb Stock Exchange Indices End Week in Red

ZAGREB, 22 April (2022) - The main Zagreb Stock Exchange (ZSE) indices fell slightly on Friday, with the Crobex decreasing by 0.09% to 2,134 points and the Crobex10 by 0.1% to 1,285 points. Turnover at the close of the trading session amounted to HRK 7.5 million, roughly the same as on Thursday. Three stocks passed the turnover mark of one million kuna. The highest turnover, of HRK 1.8 million, was generated by the stock of the Valamar Riviera hotel company. Its price fell by 1.39% to HRK 35.50. The stock of the HT telecommunications company turned over HRK 1.5 million,…
Friday, 22 April 2022

Adriatic Croatia International Club Invests €3.2m in Marinas in Q1 2022

ZAGREB, 22 April (2022) - Adriatic Croatia International (ACI) invested over HRK 24 million in strategic and infrastructure projects in its marinas at Dubrovnik, Trogir, Rab, Milna, Žut and Piškera in the first quarter of 2022, the marina chain operator said on Friday. The company said its focus in the first quarter of the year was on expanding the marina portfolio and developing further services. In this period, ACI generated HRK 35 million in operating revenue, which was HRK 2 million more than in the first quarter of 2021. EBITDA was HRK 10.7 million, up from 9.4 million in Q1 2021, while net…
Friday, 22 April 2022

Croatian Post Raising Wages by 20 Percent for 8000 Employees

April the 22nd, 2022 - Croatian Post (Hrvatska posta) has been making headlines for all the right reasons over the last few months, with everything from turning towards the green and digital transition to making huge investments making the news.  Now, following the openings of new sorting centres and major cash injections, Croatian Post is set to provide a very welcome wage increase of 20 percent to around 8000 of its employees. As Poslovni Dnevnik writes, just last week, Croatian Post, one of the largest employers in the Republic of Croatia, made the decision to increase the salaries earned by…
Thursday, 21 April 2022

ZSE Indices Stagnate

ZAGREB, 21 April 2022 - The Zagreb Stock Exchange (ZSE) indices went in opposite directions on Thursday, remaining relatively unchanged, with the Crobex increasing by 0.11% to 2,136 points and the Crobex10 decreasing by 0.1% to 1,286 points. Regular turnover amounted to HRK 7.5 million, about HRK 4.4 less than on Wednesday. The only stock to cross the one million kuna turnover mark was the Valamar Riviera hotel company, which turned over nearly two million kuna. Its price went up by 1.4% to HRK 36 per share, its highest level since February 2020. A total of 42 stocks were traded…
Thursday, 21 April 2022

Osijek's Orqa to Present European Innovations in Washington

April 21,  2022 - Representatives of Orqa, a world leader in developing FPV goggles for drone pilots, will meet in Washington in late April with representatives of DIGITALEUROPE - the EU's leading trade association for the growth and prosperity of European innovators and prominent US policymakers, all to harmonize global digital business. Last year's launch of the Trade and Technology Council (TTC), established by the European Commission and the US government, marked a major milestone in strengthening transatlantic cooperation in artificial intelligence and advanced IT solutions. In the USA, the fast-growing technology company Orqa will present the European regulatory perspective closely…
Thursday, 21 April 2022

Riperaj: Rijeka Repair Cafe Sees Experts Fix Broken Items for Free

April the 21st, 2022 - Ever wished that we lived a century or so ago when repairing things was the norm and we lived in a less ''throw away'' oriented type of society? The Rijeka repair cafe, Riperaj, is breathing some life back into those ideals. As Poslovni Dnevnik/Lucija Spiljak writes, the Swedish city of Eskilstuna near the City of Stockholm knows how to turn waste back into profit and focus on sustainable consumption and the circular economy, where the second hand shopping centre ReTuna Återbruksgalleria, the world's first centre for recycled and recycled goods, opened back in 2015. The wildly…
Wednesday, 20 April 2022

ZSE Indices Rise Considerably

ZAGREB, 20 April 2022 - The main Zagreb Stock Exchange (ZSE) indices rose considerably on Wednesday following positive trends on European stock markets. The Crobex rose by 0.79% to 2,133 points and the Crobex10 by 1.23% to 1,287 points. Turnover at the close of the trading session reached HRK 11.9 million, about 6 million more than on Wednesday. The most traded stock was that of the Valamar Riviera hotel company, turning over HRK 4.8 million. Its price jumped by 6.3% to HRK 35.5 per share, its highest level since February 2020. The only other stock to pass the turnover mark…
Wednesday, 20 April 2022

Croatia Among EU Countries with Highest Industrial Output Growth in February

ZAGREB, 20 April 2022 - The European Union's industrial production recovered in February, fuelled by production of durable consumer goods, and Croatia was among the member states with the largest increases in output, according to Eurostat data released on Wednesday. In the European Union, the seasonally adjusted industrial production rose by 0.6% in February compared with January, when it declined by 0.3%. In the euro area, industrial production increased by 0.7% compared with the previous month when it fell by 0.7%. Monthly comparison Production of durable consumer goods increased the most, by 2.4% in the EU and by 2.7% in…
Wednesday, 20 April 2022

Studenac Expands to Slunj, Takes Over Kordun Retail Chain

April the 20th, 2022 - Studenac, the very well known shopping chain most commonly seen up and down the coast of Dalmatia, has been spreading its wings over the last few months and has now entered another new Croatian county, this time taking over the Slunj-based Kordun retail chain. As Poslovni Dnevnik writes, Studenac is one of the leading retail chains in the Republic of Croatia, it's also the chain with the largest chain of stores. It has now taken over the Slunj-based Kordun retail chain which operates in 9 retail stores across Karlovac County and employs 52 employees. This new…
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