Business

Tuesday, 20 July 2021

Average net pay for May HRK 7,104

ZAGREB, 20 July, 2021 - For May 2021, the average monthly net earnings per person in paid employment in legal entities in Croatia amounted to HRK 7,104, nominally higher by 6.7% and really by 4.5% as compared to the same month last year, the national statistical office said on Tuesday. As compared to April 2021, the nominal increase was 0.3% and the real one 0.2%. The highest average monthly net earnings per person in paid employment in legal entities for May 2021 were paid in Manufacture of coke and refined petroleum products (HRK 10,756), while the lowest were paid in Manufacture of wearing apparel (HRK 4,401). Median net…
Tuesday, 20 July 2021

Croatian Bus Companies Caught Off Guard by Market Deregulation

July the 20th, 2021 - Croatian bus companies have been among the hardest hit when it comes to the pandemic, as certain agreements for them haven't come to fruition and money is being haemorrhaged left, right and centre. As Poslovni Dnevnik/Darko Bicak writes, although this situation has been going on for some time now, last week, Croatia adopted, somewhat suddenly, a measure to liberalise the bus services market in the country by lifting the cabotage ban. On Tuesday, the Ministry of Maritine Affairs, Transport and Infrastructure issued a Notice on the relevant EU Regulation regulating the transport of passengers in…
Monday, 19 July 2021

British-Iranian Entrepreneur Ali Parsa Behind Enormous Prukljan Investment

July the 19th, 2021 - The wildly successful British-Iranian entrepreneur Ali Parsa is the face behind an enormous Prukljan investment, which the Croatian Government has, at its usual snail's pace, finally given the green light. As Poslovni Dnevnik/Marija Brnic writes, one whole year after submitting the bid in the public tender of the Ministry of Physical Planning, Construction and State Property, and as many as seven years after being included in the list of strategic projects, the Croatian Government finally gave the thumbs up to a bid from the only bidder who applied for the Prukljan project in Skradin. According…
Monday, 19 July 2021

Plan to Construct Adriatic Liquefied Gas Terminal in Ploce Discussed

July the 19th, 2021 - There are plans in place and discussions being had about the construction of the largest Adriatic liquefied gas terminal in the the southern Dalmatian town of Ploce. A public hearing on the matter has been opened. As Morski writes, Dubrovnik-Neretva County has opened a public debate on the Environmental Impact Study for the construction of a tanker berth for liquid cargo and liquefied petroleum gas terminals in the port of Ploce by the investor Adriatic Tank Terminal. It is a joint company of the holding company Energija Naturalis and the global trader and logistician VTTI, founded…
Sunday, 18 July 2021

Gross Premiums Written by Croatian Insurers Total HRK 6.4 Bn in June

ZAGREB, 18 July, 2021- Gross premiums written by Croatian insurance companies in the first six months of 2021 totalled HRK 6.4 billion, which is a 13.1% increase year-on-year, show data released by the Croatian Insurance Bureau (HUO). Gross non-life insurance premiums increased by 13.1% to HRK 4.8 billion, and gross life insurance premiums went up by 13.3% to HRK 1.6 billion. Motor vehicle liability insurance continues to be the most prevalent type of non-life insurance, with gross premiums written in the amount of HRK 1.5 billion, an increase of 17% on the year. Traditional life insurance plans accounted for the…
Sunday, 18 July 2021

HNB Governor: Croatia's Q2 GDP Growth Rate Likely to Be About 18%

ZAGREB, 18 July, 2021 - The Croatian National Bank (HNB) Governor, Boris Vujčić, said on Sunday that Croatia's economy would likely reach a growth rate of about 18% in the second quarter of 2021, which was partly due to the low base in the Q2 2020 when the country had experienced a strong downturn. Vujčić told the press in Dubrovnik where he had formally opened the 27th international economic conference, that Croatia's economic activity for the whole of 2021 would likely rebound at a rate of 6.8%, however, the epidemiological situation caused by the COVID pandemic still created uncertainties. Vujčić explained that…
Sunday, 18 July 2021

Household Financial Assets Exceed €72.7bn

ZAGREB, 18 July, 2021 - At the end of the first quarter of 2021, Croatian citizens' financial assets totalled HRK 545.3 billion, up 8.4% on the year, according to central bank data. Compared with the end of 2020, the increase was 2%. Deposits make up half of financial assets Deposits continued to dominate in household financial assets, exceeding HRK 271 billion and making up almost 50% of those assets, followed by insurance and pensions (over HRK 152 billion), and equity, shares and investment funds (over HRK 100 billion). Financial liabilities HRK 153 bn At the end of March 2021, household financial obligations totalled…
Friday, 16 July 2021

New and Improved FOI Course: Business Applied Information Technologies

July 16, 2021 - Continuing to improve education, a new and improved FOI course is open for the academic year 2021/2022. Meet the program of Business Applied Information Technologies. With a fantastic display of informatical knowledge and growing interest in the field observable among Croatian pupils, it is only logical that the education system follows the demand. Faculty of Organization and Informatics (FOI), based in Varaždin but part of the University of Zagreb, is already one of the more known high-education institutions for computer-sciences-inclined. But, as Srednja.hr reported, starting next academic year this autumn, an improved bachelor's study program will…
Wednesday, 14 July 2021

Zagreb Stock Exchange: Indices Close in Red

ZAGREB, 14 July, 2021 - The main Zagreb Stock Exchange indices fell for the second day in a row on Wednesday, recording a fall of about half a percent. The Crobex decreased by 0.58% to 1,939 points while the Crobex10 fell by 0.9% to 1,196 points. The tourism sector index fell the most, by 1.70%, while the industry sector index increased the most, by 1.91% Regular turnover amounted to HRK 8.8 million or about HRK 1.6 million more than on Tuesday. The highest turnover of HRK 3.8 million was generated by the Ericsson Nikola Tesla company. The price of its shares weakened by…
Tuesday, 13 July 2021

Zagreb Stock Exchange Indices Down

ZAGREB, 13 July, 2021 - The Zagreb Stock Exchange (ZSE) indices - the Crobex and the Crobex10 - fell on Tuesday by 0.38% to 1,951.02 points and by 0.26% to 1,207.53 points respectively. Today's regular turnover totalled HRK 7.2 million kuna, 2.5 million more than on Monday. The shares of the Podravka food processor were the only to cross the one million kuna mark in turnover, generating a turnover of HRK 2.3 million, with their price decreasing by 0.68% to HRK 582. Of the 36 shares that traded today, only nine saw a rise. (€1 = HRK7.488108) For more about business in Croatia, follow TCN's…
Tuesday, 13 July 2021

Gross Agricultural Production Rises 2.4%

ZAGREB, 13 July, 2021 - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office. ZAGREB, 13 July (Hina) - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office. Plant production went up by 7%, while cattle production fell by 4.1%. Maize production went up by 5.8%, wheat by 7.4%, by soybean…
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