Business

Wednesday, 18 May 2022

Promet Split Electric Buses Announced, E-ticketing from July 1, and Higher Ticket Prices?

May 18, 2022 - New Promet Split electric buses are in the plans, e-ticketing should finally kick off on July 1, but will bus transport become more expensive in Split? As part of the European tour MAN #ElectrifyingEurope, the battery-electric city bus MAN Lion's City 12E arrived in Croatia, reports Dalmacija Danas.  A short presentation was held at the Amphora Hotel in Žnjan as this bus could soon transport the people of Split. Namely, Split-based Promet will apply for tenders for EU funds, and the studies have been conducted for more than a year. Negotiations are also underway with HEP…
Monday, 16 May 2022

ZSE Indices Slide

ZAGREB, 16 May 2022 - The main Zagreb Stock Exchange (ZSE) indices slid 0.2% on Monday amid cautious trading. The Crobex decreased by 0.22% to 2,077 points and the Crobex10 by 0.25% to 1,238 points. The industry index saw the biggest decline, of 0.96%, while the construction index rose by as much as 15.13%, thanks to a jump in the price of the stock of the Institut IGH construction company by nearly 28%, to HRK 110 per share. Regular turnover amounted to HRK 5.8 million, or HRK 1.1 million less than on Friday. The only stock with the one million…
Monday, 16 May 2022

Croatia Airlines and Lufthansa Technik Continue 30-Year Cooperation

ZAGREB, 16 May 2022 - Croatia Airlines (CA) and the German aircraft maintenance company Lufthansa Technik celebrated 30 years of successful cooperation in Zagreb on Monday, and that cooperation is continuing and soon a new two-year contract will be signed. By combining the strengths of employees and professional knowledge from both companies, excellence in technical aircraft maintenance has been reached, which is recognised by our partners across the world. As a result, Croatia Airlines' Technical Sector has become a center of excellence in which the most demanding technical services are provided to domestic and foreign aircraft, said the president of…
Monday, 16 May 2022

DZS: 55.3% of Registered Business Entities Active in March

ZAGREB, 16 May 2022 - Of 311,698 registered business entities in Croatia, 172,438 or 55.3% were active in March 2022, according to data from the Croatian Bureau of Statistics (DZS). Most of the business entities were trading companies. At the end of March 2022, there were 234,561 trading companies registered, and 137,664, or 58.7%, were active. There were 73,589 institutions, associations, and organizations, of which 33,965 or 46.2% were active, as well as 3,548 cooperatives, of which 809 were active, and 88,184 sole proprietorships and freelancers. Out of 172,438 legal entities that were active at the end of March 2022, 66,497 or…
Monday, 16 May 2022

Hotel Valkane Construction in Pula Causes Issues for Local Government

May the 16th, 2022 - The announced construction of the five-star Hotel Valkane, with the investor being a Serbian media mogul, has caused quite the reaction among locals in Pula, with the local self-government unit there now torn between giving it the green light and saying a resounding no. As Morski writes, the construction of a 5-star, 7-storey hotel on a popular promenade by the sea has raised a real storm in Pula and shaken up the city government. Does the city need another huge hotel or not, and is the lungomare (the city's promenade) really the right location for that?…
Monday, 16 May 2022

Croatian Labour Force 15,000 Employees Short for 2022 Season

May the 16th, 2022 - The height of 2022's summer tourist season is rapidly approaching, and the Croatian labour force is still missing around 15,000 employees.  As Poslovni Dnevnik writes, the director of the Directorate for Development, Investments and Competitiveness of the Tourism Economy at the Ministry of Tourism, Robert Pende, said recently on the radio that the Croatian labour force, when it comes to the all important tourism sector, currently lacks as many as 15,000 workers, although he expects the deficit to decrease as time goes on. "Currently, according to the information we've received from the sector itself, there…
Monday, 16 May 2022

Hungarian Meszaros Investing 375 Million Kuna into Luxury Icici Hotel

May the 16th, 2022 - The Hungarian Lorinc Meszaros is investing an enormous 375 million kuna into a luxury Icici hotel which will transform this picturesque area and raise the overall tourism standard. As Poslovni Dnevnik/Marija Crnjak writes, the construction of the luxury hotel Riva’s Hotels & Resorts in Icici has started, a project worth 375 million kuna in which the well known Hungarian investor Lorinc Meszaros is investing, together with the local developer the DDG Group. This gorgeous new luxury Icici hotel will have a 5 star ranking and will boast 180 rooms and 12 villas. The laege project also…
Saturday, 14 May 2022

Despite General Uncertainty, Spending in Croatia is 37% Higher Than Last Year

May 14, 2022 - In the last week of April, the spending in Croatia was 37% higher than last year, attributing this trend to the consequences of rising prices and the creation of stocks. How is it possible that in a situation of general uncertainty caused by global geopolitical tensions, as well as the consequences of the pandemic, Croatia is facing the phenomenon of an explosion of fiscal accounts? Jutarnji List reports that data from the Tax Administration of the Ministry of Finance show that from April 25 to May 1 this year, compared to the same period in 2021, the number…
Friday, 13 May 2022

Croatian Company Valamar Turning to Solar Power for Hotels

May the 13th, 2022 - The Croatian company Valamar, which is huge and very well known in the tourism sector, is turning more and more towards solar power to provide electricity to its hotels by the year 2025. As Poslovni Dnevnik/Darko Bicak writes, the development of tourism in Croatia must be sustainable and be guided by the principles of the benefit of everyone and the environment, not pure profitability. This and more could be heard at the presentation of the cooperation between the Croatian company Valamar and E.ON recently in Porec. It was emphasised that energy efficiency and renewable energy…
Thursday, 12 May 2022

Croatian Company AKD Provides Solution to Slovenian Finance Ministry

May the 12th, 2022 - The very successful Croatian company AKD is succeeding more internationally, having offered its solution to the neighbouring Slovenian Finance Ministry and been readily accepted for the job. As Poslovni Dnevnik writes, for five years now, the Public Payments Administration of the Ministry of Finance has selected the Croatian company AKD and ED Solutions as the issuer of unique identification marks for unit and aggregate packaging of tobacco products as an integral part of the European Union's overall traceability system. This is a continuation of successful cooperation because the system was first established back in May 2019,…
Wednesday, 11 May 2022

Financial System's Exposure to Systemic Risks Increased, Says Central Bank

ZAGREB, 11 May 2022 - The Croatian National Bank (HNB) Council on Wednesday said the domestic financial system's exposure to systemic risks has increased due to the war in Ukraine and sanctions against Russia, and that inflation will increase the cost of new loans and burden loan repayments with variable interest. The HNB Council discussed current economic and financial trends, underscoring that statistical indicators show that economic growth strengthened at the start of the year but that weaker consumer confidence is evident which, despite a mild recovery, retained a relatively low level in April. Increased employment stopped in March, even though nominal wages are growing…
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