Business

Thursday, 21 April 2022

ZSE Indices Stagnate

ZAGREB, 21 April 2022 - The Zagreb Stock Exchange (ZSE) indices went in opposite directions on Thursday, remaining relatively unchanged, with the Crobex increasing by 0.11% to 2,136 points and the Crobex10 decreasing by 0.1% to 1,286 points. Regular turnover amounted to HRK 7.5 million, about HRK 4.4 less than on Wednesday. The only stock to cross the one million kuna turnover mark was the Valamar Riviera hotel company, which turned over nearly two million kuna. Its price went up by 1.4% to HRK 36 per share, its highest level since February 2020. A total of 42 stocks were traded…
Thursday, 21 April 2022

Osijek's Orqa to Present European Innovations in Washington

April 21,  2022 - Representatives of Orqa, a world leader in developing FPV goggles for drone pilots, will meet in Washington in late April with representatives of DIGITALEUROPE - the EU's leading trade association for the growth and prosperity of European innovators and prominent US policymakers, all to harmonize global digital business. Last year's launch of the Trade and Technology Council (TTC), established by the European Commission and the US government, marked a major milestone in strengthening transatlantic cooperation in artificial intelligence and advanced IT solutions. In the USA, the fast-growing technology company Orqa will present the European regulatory perspective closely…
Thursday, 21 April 2022

Riperaj: Rijeka Repair Cafe Sees Experts Fix Broken Items for Free

April the 21st, 2022 - Ever wished that we lived a century or so ago when repairing things was the norm and we lived in a less ''throw away'' oriented type of society? The Rijeka repair cafe, Riperaj, is breathing some life back into those ideals. As Poslovni Dnevnik/Lucija Spiljak writes, the Swedish city of Eskilstuna near the City of Stockholm knows how to turn waste back into profit and focus on sustainable consumption and the circular economy, where the second hand shopping centre ReTuna Återbruksgalleria, the world's first centre for recycled and recycled goods, opened back in 2015. The wildly…
Wednesday, 20 April 2022

ZSE Indices Rise Considerably

ZAGREB, 20 April 2022 - The main Zagreb Stock Exchange (ZSE) indices rose considerably on Wednesday following positive trends on European stock markets. The Crobex rose by 0.79% to 2,133 points and the Crobex10 by 1.23% to 1,287 points. Turnover at the close of the trading session reached HRK 11.9 million, about 6 million more than on Wednesday. The most traded stock was that of the Valamar Riviera hotel company, turning over HRK 4.8 million. Its price jumped by 6.3% to HRK 35.5 per share, its highest level since February 2020. The only other stock to pass the turnover mark…
Wednesday, 20 April 2022

Croatia Among EU Countries with Highest Industrial Output Growth in February

ZAGREB, 20 April 2022 - The European Union's industrial production recovered in February, fuelled by production of durable consumer goods, and Croatia was among the member states with the largest increases in output, according to Eurostat data released on Wednesday. In the European Union, the seasonally adjusted industrial production rose by 0.6% in February compared with January, when it declined by 0.3%. In the euro area, industrial production increased by 0.7% compared with the previous month when it fell by 0.7%. Monthly comparison Production of durable consumer goods increased the most, by 2.4% in the EU and by 2.7% in…
Wednesday, 20 April 2022

Studenac Expands to Slunj, Takes Over Kordun Retail Chain

April the 20th, 2022 - Studenac, the very well known shopping chain most commonly seen up and down the coast of Dalmatia, has been spreading its wings over the last few months and has now entered another new Croatian county, this time taking over the Slunj-based Kordun retail chain. As Poslovni Dnevnik writes, Studenac is one of the leading retail chains in the Republic of Croatia, it's also the chain with the largest chain of stores. It has now taken over the Slunj-based Kordun retail chain which operates in 9 retail stores across Karlovac County and employs 52 employees. This new…
Tuesday, 19 April 2022

Further Decrease in Vulnerability of Financial Services Sector Hampered by Inflation

ZAGREB, 19 April 2022 - The Croatian financial services sector's exposure to systemic risks slightly decreased at the end of 2021, primarily due to the strong economic recovery, but a further decrease in the sector's vulnerability is being hampered by accelerated inflation and the escalation of geopolitical risks, HANFA said on Tuesday. A more significant recovery and decrease in vulnerability of the sector is being hampered by accelerated price increases, which is reducing household purchasing power and slowing down consumption. Another source of uncertainty is the still present COVID-19 measures and the escalation of geopolitical risks relating to the war in Ukraine and sanctions…
Tuesday, 19 April 2022

Zagreb-Based Company Returns 95% of Processed Hazardous Waste Into Production

ZAGREB, 19 April 2022 - Economy Minister Tomislav Ćorić on Tuesday visited the Premifab company in Zagreb which recycles and processes hazardous waste and returns 95% of it into production. Premifab cofounder Igor Podravac said the company used hazardous waste to make a solvent and that it was totally CO2 neutral, without any harmful emissions. In Croatia, the company mostly covers the pharmaceutical and automobile industries as well as the production of food packaging. It generates 35% of its revenue in the region, cooperating with the car industries of Serbia and Slovenia, the Slovenian pharmaceutical industry, and several companies in Italy and…
Tuesday, 19 April 2022

Revenues of Camping Businesses On Rise From 2016 to 2019 to Fall in 2020

ZAGREB, 19 April 2022 - Revenues and the number of people on the payroll of camping businesses and campsite service providers rose on the year from 2016 to 2019, however, they dropped in the pandemic 2020, show the data collected by the Croatian Financial Agency (FINA). However, the number of businesses in this sub-sector of outdoor tourism has increased from year to year: in 2016, there were 146 camping businesses in Croatia to grow to 165 in 2017, 177 in 2018, 187 in 2019 and 197 in 2020. They employed as many as 1,354 workers in 2019, to see a drop to…
Tuesday, 19 April 2022

€1.6m To Be Granted to Civil Society Projects for Development of Local Communities

ZAGREB, 19 April 2022 - Over 12 million kuna (€1.6 million) will be allocated for projects which civil society associations are going to implement for the development of local communities, the Croatian government's Office for Cooperation with NGOs reported on Tuesday. The office announced that the ceremony at which the grants will be awarded will be held at 1400 hours today. The grants will be given to 20 associations. The office recalls that the government has launched a HRK 120 million (€16 million) scheme called  "Strengthening the capacity of civil society organizations to respond to the needs of the local community" for projects designed to contribute…
Sunday, 17 April 2022

10 Years Ago HZ Ordered New Trains for €1.66 Billion, Where Are They?

April the 17th, 2022 - A decade ago, HZ (Croatian railways) purchased 44 new trains for the mind-boggling price of 1.66 billion kuna, but where are they today? As Poslovni Dnevnik/Jadranka Dozan writes, in order to procure seven new diesel-electric motor trains, the Croatian Government gave the "green light" to HZ Putnicki prijevoz (CR Passenger transport) to sign pre-financing and lease agreements with EUROFIMA - the European Society for Financing the Procurement of Railway Materials. The value of this financing stands at a massive 31 million euros. When it comes to the renewal of HZ Putnicki prijevoz's fleet, ten years…
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