Business

Saturday, 16 October 2021

Strategy Envisages €7.5 Billion of Investments in Agriculture in Next 10 Years

ZAGREB, 16 Oct, 2021 - Agriculture and the energy industry are the two main sectors enabling each society and state to function normally, and therefore in the next decade, €7.5 billion will be invested in the agricultural sector, Prime Minister Andrej Plenković said in Zagreb on Saturday. Addressing an Agriculture Ministry event dedicated to promoting farming, fisheries and forestry, the Prime Minister said that his cabinet spared no effort to help agricultural producers, the food and timber industries and the fisheries. The government has sent to the parliament a draft strategy on agriculture, and the document, which should be adopted this year, envisages investments in agriculture…
Saturday, 16 October 2021

PM Says His Cabinet Won’t Let Energy Prices Affect Citizens’ Living Standards

ZAGREB, 16 Oct, 2021 - Prime Minister Andrej Plenković said on Saturday that his cabinet would not allow a decline in the living standards of the Croatians due to the energy prices, now when the funds for the post-coronacrisis recovery were secured. Visiting the agriculture ministry's fair promoting the Croatian farming sector in Zagreb, PM Plenković reassured the general public that in the event of a further rise of the energy crunch prices, there were additional tools available to his government  to use them to calibrate the prices in the country. He underscored that the internal discussions in the government and…
Friday, 15 October 2021

Over 28,000 Businesses Operated in Croatia's Wholesale and Retail Sector in 2020

ZAGREB, 15 Oct 2021 - A total of 28,615 businesses operating in Croatia's wholesale and retail sector in 2020, employing 192,367 workers and earning HRK 260.2 billion in total revenues, according to an analysis by the Financial Agency (Fina) for the years 2004, 2009, 2014 and 2020.  By comparison, there were 27,044 wholesale and retail operators in 2004, 27,262 in 2009, and 26,260 in 2014. The number of workers in this sector was 5.2% higher in 2020 than in 2004. The largest number was recorded in 2009 (198,988) and the lowest in 2014 (178,645). The highest total revenues were generated…
Friday, 15 October 2021

Medjimurje County Enterprises Earn 864.2 Million Kuna in 2020

October the 15th, 2021 - Medjimurje County enterprises earned a fantastic net profit in 2020, despite the utterly dire economic circumstances which engulfed the entire world as a result of the coronavirus pandemic. As Poslovni Dnevnik writes, Medjimurje County enterprises did excellently during the very challenging year of 2020, making a net profit of 864.2 million kuna, which is an increase of 25.8 percent when compared to pre-pandemic 2019, according to an analysis made by Fina. In pandemic-dominated 2020, Medjimurje County had of 3,547 enterprises registered there, with 28,768 employees, which is an increase of 467 or 1.7 percent when…
Thursday, 14 October 2021

Average Monthly Pay in Zagreb at €1,082

ZAGREB, 14 Oct 2021 - The average net pay in legal entities in Zagreb in July 2021 was HRK 8,130 (€1,082), an increase of 5.4% from July 2020, according to data from the city department for strategic planning and development. The average wage in the capital city was HRK 1,084 higher than the national average, which totaled HRK 7,046. The highest average monthly net pay in legal entities in Zagreb was paid in oil and natural gas extraction (HRK 13,259) and the lowest in the production of leather and related products (HRK 4,412). The average monthly gross pay in legal entities in Zagreb…
Thursday, 14 October 2021

Colas and Geotehnika Win Bid to Build Motorway to Sisak

ZAGREB, 14 October, 2021 - The Hrvatske Autoceste (HAC) road management company on Wednesday selected a consortium of Colas Hrvatska and Geotehnika for the construction of the Lekenik-Sisak section of the A11 motorway between Zagreb and Sisak, as the most economically advantageous bid of HRK 281.33 million without VAT. Once the contractors enter the construction site they will have 24 months to complete the work, HAC said in a press release. HAC has secured the entire amount to complete the Zagreb-Sisak motorway without any additional borrowing, the company said. Colas Hrvatska was established in 1962 under the name Cesta Varaždin. Since 2007 it has…
Wednesday, 13 October 2021

Croatian Employers' Seek Staff, Blocked Investments Hope for Green Light

October the 13th, 2021 - Croatian employers, especially those in the tourism and construction industries, are so desperate for qualified staff that the issue is becoming more of a problem than the pandemic was. As Poslovni Dnevnik/Marija Crnjak writes, although last year they barely made up 40 percent of 2019's revenue, thanks to state measures, moratoriums on loans and previous stocks, the leading large tourism companies managed to maintain the stability they needed to realise the remarkably successful 2021 season. The biggest problem this year has been the lack of manpower, which has spread from uncertainty in the travel industry…
Wednesday, 13 October 2021

Eko Medjimurje Takes Over Hittner Majority Stake, Investment Cycle Coming

October the 13th, 2021 - Eko Medjimurje is a Croatian processing company and is one of the leading companies of its type in this part of Europe. It has been making significant business moves of late, one of which has caught quite a bit of attention. As Poslovni Dnevnik writes, Eko Medjimurje, the leading metal processing company in this part of Europe, recently completed the process of taking over a majority stake in the Bjelovar-based Hittner family company which deals with tractor production, according to a statement issued on Monday. The statement did not specify the value of this transaction.…
Wednesday, 13 October 2021

As Pandemic Ruffled Feathers, Croatian Exporters Remained Strong

October the 13th, 2021 - The ongoing coronavirus pandemic may well have ruffled feathers and shuffled the cards in a way nobody could have ever expected, but Croatian exporters have remained among the most resilient of all. As Poslovni Dnevnik/Marija Brnic writes, Croatian exporters, when the line was drawn, were not only resilient but also lively and quick in the unprecedented conditions of the coronavirus pandemic. Many new "players" entered this scene, but in some sectors, especially in tourism and the oil business, the blow was severe and left a visible mark on the list of the 100 largest Croatian exporters.…
Tuesday, 12 October 2021

IMF Raises Croatian Economy's Growth Projection for 2021, 2022

ZAGREB, 12 Oct (Hina) - The International Monetary Fund has revised upwards to 6.3% the projection of the Croatian economy's growth this year as well as the growth projection for 2022, according to the autumn world economic outlook released on Tuesday. In April's outlook, the IMF projected that Croatia's economy would grow 4.7% this year and 5% in 2022, while last month, at the end of regular consultations with member states, its Mission projected a 5.4% growth for this year and 5.8% for 2022. According to the latest report, the estimate of the Croatian economy's contraction in 2020 was lowered to 8%, one percentage points less…
Tuesday, 12 October 2021

Rijeka, Pula and Dubrovnik This Year's Leaders in Digital Readiness

ZAGREB, 12 October, 2021- Rijeka, Pula and Dubrovnik are the leaders this year with regard to digital readiness in Croatia, shows an analysis conducted by the Apsolon consulting company and released on Tuesday. This is the third year the consultancy has analysed digital readiness in the 20 largest cities in Croatia and their progress compared to the preceding years. Rijeka is the absolute leader this year according to the composite index for digital readiness, which is based on the quality of e-services, service information and a single payment system, access to city data, citizens' participation in decision-making and communication channels between city administration and citizens.…
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