Business

Thursday, 27 May 2021

"New Generation of the EU and Croatian Path to Recovery" Hybrid Conference Held in Zagreb

May 27, 2021 - An introductory hybrid conference called "New Generation of the EU and Croatian Path to Recovery" was held on the Croatian Employers' Association premises. The National Recovery and Resilience Plan with EU funds is expected to be a real lever for growth, recovery, and resilience to future crises. Under the auspices of the Ministry of Regional Development and European Union Funds and with the support of the Ministry of European and Foreign Affairs and the Italian Embassy in Zagreb, the Italian-Croatian Chamber of Commerce and Forca Digital Agency, in cooperation with PwC Croatia, organized an introductory hybrid conference at…
Wednesday, 26 May 2021

Indices End Day in Different Directions

ZAGREB, 26 May, 2021 - The main Zagreb Stock Exchange indices ended the day in different directions on Wednesday, with investors focusing on the preferred shares of the Adris tourism and insurance group and the Valamar Riviera hotel group. The Crobex fell for the fourth day running and dropped by 0.16% to 1,932.26 points.  After falling for two days, the Crobex10 picked up and ended the day at 1,197.56 points, increasing by 0.20%. Regular turnover amounted to HRK 8.85 million or about 450,000 more than on Tuesday. The most liquid stock was the Adris Group with a turnover of HRK 3.2 million…
Wednesday, 26 May 2021

Volume of Construction Work in March Up 16% Year-Over-Year

ZAGREB, 26 May, 2021 - The volume of construction work in March 2021 was 16% higher than in March 2020, while compared to the previous month, it dropped by 0.4%, show preliminary data from the Croatian Bureau of Statistics. March was the tenth consecutive month with a year-on-year increase in the volume of construction work. The volume of construction work on buildings in March this year was 16.5% up from March 2020 while the volume of work on other structures rose 15.3%. Compared to February 2021, construction work on buildings in March was up 0.5% and on other structures it…
Wednesday, 26 May 2021

Infobip Startup Tribe Another Positive Move from Vodnjan Company

May the 26th, 2021 - The Vodnjan company Infobip, which has been in the news for all the right reasons more or less since its very creation, has created the Infobip Startup Tribe. The move marks yet another positive step forward for this remarkable Croatian company. As Poslovni Dnevnik writes, this Vodnjan company's new Infobip Startup Tribe is the name of the newly established programme aimed at finding and gathering the most innovative Croatian and global startups, and accelerating and monitoring their growth and development. Under the programme, eligible startups can apply for amounts ranging from 10,000 US dollars to…
Tuesday, 25 May 2021

Zagreb Stock Exchange Crobex Indices Fall

ZAGREB, 25 May, 2021 - The Zagreb Stock Exchange (ZSE) Crobex dropped 0.27% to 1,935.39 points and the Crobex10 fell by 0.40% to 1,195.19 points on Tuesday. Today's turnover totalled HRK 8.4 million, or HRK 900,000 more than on Monday. In terms of the volume of trading, the best performer was the HT telecom company (1.4 million), and its share price rose 0.54% to HRK 185. The preferred shares of the Adris Group turned over 1.3 million, and their price slid 1.20% to HRK 412. The Valamar Riviera stock turned over 1.1 million, and its share price increased 1.36% to…
Monday, 24 May 2021

Indices Close in Red

May 24, 2021 - The main Zagreb Stock Exchange indices ended the day in the red and the only stock to cross the million kuna mark was that of the Dalekovod transmission line producer. The Crobex fell by 0.15% to 1,940.65 points. The Crobex10 decreased by 0.08% below the psychological threshold of 1,200 points, closing at 1,199.98 points. Regular turnover amounted to HRK 7.5 million or about 1.7 million more than on Friday. The only stock to cross the million kuna mark was the Dalekovod transmission line producer. The price of its shares continued to fall drastically today, plunging by 33.33%…
Monday, 24 May 2021

New Rimac Project in Zagreb: Park, Square, and Robotaxis?

May 24, 2021 - A new Rimac project in Zagreb envisions a mobility center, self-driving taxis, a town square, and a park right on the Sava.  The founder of Rimac Automobili is taking the first step towards realizing a 3.4 billion kuna project to develop and establish a network of electric self-driving taxis in Zagreb, reports Index.hr. In 2024, Zagreb will become one of the first cities in the world where a robotaxi service will be available - the use of self-driving, electric taxis via an application. Sounds crazy, right? If we trust the entrepreneur Mate Rimac, it will soon…
Sunday, 23 May 2021

FinMin Says it's Very Good Fitch has Left Croatia in Investment Zone

ZAGREB, 23 May, 2021 - Finance Minister Zdravko Marić said on Sunday it was very good for Croatia that Fitch had affirmed its investment rating. Fitch Ratings on Friday affirmed Croatia's rating at 'BBB-', with a stable outlook, highlighting big short-term risks related to the pandemic as well as the medium-term outlook for economic growth thanks to the EU's financial support. Fitch also upgraded the projection for Croatia's economic growth in 2021 from 3.8% to 5.5%, forecasting GDP growth to accelerate to 6.1% in 2022. "That's very good news, that according to the Fitch credit agency too Croatia's credit rating continues to be in the…
Sunday, 23 May 2021

Slovenian Iskra Company Acquires Croatia's Elka

ZAGREB, 23 May, 2021 - The Slovenian Iskra company is taking over the Croatian Elka company, and the transaction will be carried out upon fulfillment of conditions, including approval of regulators for the protection of market competition in the two countries, the two companies said on Sunday. According to a joint press release, Iskra director and majority owner Dušan Šešok and Elka -Cotra group owner Miljenko Hacek on Saturday signed an agreement on the acquisition of the 100% stake in Elka, the largest producer of electric cables in this part of Europe. In the press release, Šešok said that Iskra was doing extremely well,…
Sunday, 23 May 2021

HBOR Representatives Visit Successful Rijeka Project Site

May the 23rd, 2021 - HBOR representatives have been busy touring a highly successful Rijeka project which it has supported with both capital investments and export activities for years. As Poslovni Dnevnik writes, HBOR representatives, together with the leaders of JGL visited the works on the construction of the Integra 2020 project recently, they also toured its warehousing capacity, which includes three units - one for research and development, one for commercial production and one logistics centre. "HBOR has been successfully supporting us in capital investments and export activities for many years, recognising us as a company with an international…
Sunday, 23 May 2021

McDonalds Koprivnica to Open Doors Before Christmas 2021

May the 23rd, 2021 - McDonalds Koprivnica is set to open its doors in that continental Croatian town before Christmas 2021 arrives. When it comes to most tourists in Croatia, the last thing on their mind is grabbing a quick McDonalds when on the way somewhere. Instead dreaming of pizza, cevapi, lamb on the spit, peka, many fish dishes, strukli and the list goes on, and on, then on a bit more. For those of us who live here, though, after the end of a a hectic work day, McDonalds is often more tempting than you'd imagine when the aforementioned…
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