Business

Thursday, 3 June 2021

Croatian Food Outlet Zabac Opens First Megastore

June the 3rd, 2021 - The well known Croatian food outlet Zabac has opened its very first megastore in the City of Zagreb as the brand's popularity continues to increase. As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, less than one year after the opening of the last and then largest branch (July the 1st, 2020 in Travno, covering 400 square metres), the only Croatian food chain at outlet prices, Zabac Food Outlet, has opened its seventh and largest store in the Croatian capital of Zagreb. Across from the Dubec tram turnaround in Dubrava, the Croatian food outlet Zabac (Mega Zabac Food…
Thursday, 3 June 2021

Darko Pervan to Purchase Croatian Spacva, Planning Huge Investment

June the 3rd, 2021 - Darko Pervan, who is a Swedish-Croatian investor quite well known across the country for his business moves and various acquisitions, will be the one to take over the Croatian Spacva company. As Novac/Jozo Vrdoljak writes, Quaestus Private Equity sold 75.8 of its shares of the Croatian Spacva to Swedish-Croatian investor Darko Pervan and his Croatian company Pervanovo, and the plans now are quite ambitious indeed. Until recently, the Polish flooring manufacturer Barlinek was the most serious investor in the Croatian Spacva company. But after that enterprise gave up on the venture, Darko Pervan's Pervanovo came into…
Wednesday, 2 June 2021

Zagreb Stock Exchange Indices Continue Positive Streak

ZAGREB, 2 June, 2021 - The Zagreb Stock Exchange (ZSE) main indices rose on Wednesday for the fourth consecutive day, and turnover was slightly higher than in previous days, with HT and Turisthotel each generating more than HRK 2 million in turnover. The Crobex increased by 0.36% to 1,951.71 points, and the Crobex10 by 0.43% to 1,207.71 points. Regular trading amounted to HRK 8.6 million, 4.8 million more than on Tuesday. The most traded stock was the HT telecom company, with a turnover of HRK 2.97 million. It closed the day unchanged, at HRK 185.50 per share. The Turisthotel tourism company turned over…
Wednesday, 2 June 2021

Entrepreneurs To Have One Chance For Debt Forgiveness, Reports Večernji List

ZAGREB, 2 June, 2021 - Every entrepreneur should have one opportunity to have their debt forgiven during their entrepreneurial life and to be able to do business without hindrance, Večernji List daily said on Wednesday. This is provided for by the Directive on preventive restructuring frameworks and second chance from 2019, which EU member states have to introduce into their legislation by mid-2021, that is in a month. The Croatian Ministry of Justice has also announced that it will initiate amendments to the Bankruptcy Act and the Consumer Bankruptcy Act to adapt them to the Directive, but a bill of amendments has not…
Wednesday, 2 June 2021

Istrian Infobip Receives More Than 100 Applications for Startup Programme

June the 2nd, 2021 - We recently wrote about the brand new Infobip Startup Tribe Programme which marked yet another positive step forward from the remarkable Istrian Infobip company which has made waves globally. More than 100 applications have since been received, from Croatia and the immediate region to European countries like the UK, to distant ones such as Singapore. As Novac/Bernard Ivezic writes, in the first 48 hours alone, the Istrian Infobip company from Vodnjan received more than 100 applications for its Startup Tribe Programme. Most of those applications came from here in Croatia, then from the immediate region, from…
Tuesday, 1 June 2021

Zagreb Stock Exchange Indices Up For Third Day in Row

ZAGREB, 1 June, 2021 - The Zagreb Stock Exchange (ZSE) main indices on Tuesday continued their positive streak for the third consecutive trading day, with the Crobex going up 0.6% and the Crobex10 by 0.5%, while trading was modest. The Crobex went up by 0.61% to 1,944.66 points and the Crobex10 by 0.48% to 1,202.22 points. Regular trading was modest and amounted to HRK 3.8 million. Not one stock crossed the million kuna turnover mark, and the closest to it was the Atlantska Plovidba shipping company, with HRK 941,600. Its price rose by 6.23% to HRK 375 per share. A total of…
Tuesday, 1 June 2021

Podravka Gets HRK 5.16m Grant For Its Future Solar Power Plant

ZAGREB, 1 June, 2021 - Podravka's project of a solar power plant, worth HRK 10.3 million, will be co-funded with a HRK 5.2 million grant by the European Union and the Croatian government under the Rural Development Programme, the Koprivnica-based food factory reported on Tuesday. "The grant was awarded by the Ministry of Agriculture pursuant to a decision by the Agency for Payments in Agriculture, Fisheries and Rural Development, and pursuant to Podravka's application for implementation of the Sub-measure 4.2 'Support for investments in the processing, marketing and/or development of agricultural products' and implementation of operation type 4.2.2. 'Use of renewable energy sources'," the company said.…
Monday, 31 May 2021

Croatia's Industrial Output Rises by Record High 17.3% in April

ZAGREB, 31 May 2021 - Croatia's industrial output jumped by a record-high 17.3% in April, rising for five straight months, which is perceived as an indicator of the post-corona crisis recovery of the production and the whole economy. The national statistical office (DZS) on Monday published data showing that Croatia's industrial production in April fell 2.1% compared to March, whereas it soared 17.3% in comparison to April 2020, and this is the highest year-on-year increase since the start of keeping data on industrial production trends in 2001. All five sectors see rise y-o-y The production of durable consumer goods skyrocketed by 138.7%. The production of intermediate goods…
Monday, 31 May 2021

Why Opening a Business as a Foreigner in Croatia is Almost Impossible

May 31, 2021 - Aaron Antwine of Hurricane Hostel in Split on the realities of opening a business as a foreigner in Croatia.  To be upfront, if I had known that the combination of Covid and the Croatian government would screw my wife and me over so hard, I would have moved to any other country.  My wife and I opened our hostel at the start of March 2020. A few weeks after opening, we closed our doors due to quarantine. Officially, accommodations were not required to close, but with so little information about Covid and a terrible amount of…
Sunday, 30 May 2021

Rijeka Investment as Viktor Lenac Shipyard Injects 40 Million Euros

May the 30th, 2021 - A large Rijeka investment has been planned as the Viktor Lenac shipyard puts a massive 40 million euro cash injection into a new dock for the turnover and renovation of larger vessels. As Novac/Jozo Vrdoljak writes, the management of the Rijeka-based Viktor Lenac shipyard is preparing a serious Rijeka investment with an estimated value of around 35 million euros. Such an amount would be invested in the project of the reconstruction and upgrade of part of the floating dock to its Suezmax size, with whicn the existing Dock 11 would be replaced, the most significant…
Sunday, 30 May 2021

Osijek's Air Pannonia Becomes First in Croatia to Own Three Jets!

May 30, 2021 - Air Pannonia, an Osijek-based aircraft operator focused on business transport, strengthened its fleet with another business aircraft or the new Cessna - business aircraft with seven seats. After two aircraft (CJ with registration marks 9A-JIM, and CJ2 with registration marks 9A-JIP), Air Pannonia thus becomes the only company in Croatia that owns three JETs, reports HRTurizam. The Cessna is an aircraft that is one of the most comfortable in this class, and it arrived from the United Kingdom. Air Pannonia is now a recognizable brand in the European and wider market, so it is not surprising…
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