Business

Friday, 23 July 2021

Novi Marof SPAR: 100th SPAR Supermarket Opened in Croatia

July the 23rd, 2021 - The Novi Marof SPAR supermarket has opened its doors in the truly record time of just three and a half months, making it the 100th SPAR store to open its doors to customers in the Republic of Croatia. As Poslovni Dnevnik writes, in just over three months, which is remarkably quickly for this sort of business operation, especially here in Croatia, the newest SPAR supermarket sprang up at the entrance to the town of Novi Marof, just off the main Varazdin motorway. The new Novi Marof SPAR boasts quite the modern and impressive glass design…
Thursday, 22 July 2021

ZSE Indices Edge Up

ZAGREB, 22 July 2021 - The main Zagreb Stock Exchange (ZSE) indices rose on Thursday, the Crobex by 0.36% to 1,925 points and the Crobex10 by 0.31% to 1,189 points. Turnover at the close of the trading session was HRK 4.8 million, about 1.1 million higher than on Wednesday. The only stock to pass the turnover mark of one million kuna was that of the Podravka food company, turning over HRK 1.43 million. Its price remained stable at HRK 584 per share. A total of 33 stocks were traded today, with 15 of them registering price increases, 8 recording price decreases,…
Thursday, 22 July 2021

Hvar Becomes New Territory for Valamar Riviera Hotel Company's Plans

July the 22nd, 2021 - The beautiful Central Dalmatian island of Hvar, known as Croatia's premier island, appears to be some new territory to conquer for the well known Valamar Riviera Hotel company. But that isn't all that's on the horizon. As Poslovni Dnevnik/Sergej Novosel Vuckovic writes, the Valamar Riviera Hotel company seems to have selected gorgeous Hvar to be its latest lucrative field - after the existing one hotel and two apartment complexes, a new hotel of the lifestyle genre was opened on the island back at the end of May this year, and it was the first to be…
Thursday, 22 July 2021

Croatian Company Owners Seek Compensation from Civil Protection Directorate

July the 22nd, 2021 - Five Croatian company owners are seeking not only answers but compensation for their extreme losses incurred owing to lockdowns and limitations from the Croatian Civil Protection Directorate. As Novac/Gordana Grgas writes, five Croatian company owners are refusing to let this issue drop as their very existence was threatened during the pandemic. As such, they have filed a lawsuit against the state seeking compensation for what they claim are discriminatory decisions by the Civil Protection Directorate and inadequate economic measures introduced by the government, funded and logistically supported by the Voice of Entrepreneurs Association (UGP). The amount…
Wednesday, 21 July 2021

Zagreb Stock Exchange Indices Weaken

ZAGREB, 21 July, 2021 - The Zagreb Stock Exchange (ZSE) indices dropped again on Wednesday after going up on Tuesday. The Crobex decreased by 0.29% to 1,918 points, while the Crobex10 went up by a mere 0.06% to 1,185 points. Regular turnover amounted to HRK 3.7 million, or HRK 1.4 million less than on Tuesday. No stock crossed the million kuna mark and the highest turnover, of nearly HRK 879,000, was generated by the stock of the HT telecommunications company. The price of its shares went up by 1.85% to HRK 27.5. A total of 33 stocks traded today, with…
Wednesday, 21 July 2021

Croatian Bureau of Statistics (DZS): Volume of Construction Work up 16% in May, Rising For 12 Months in Row

ZAGREB, 21 July, 2021 - The volume of construction work carried out in Croatia in May 2021 rose 15.9% compared with May 2020, and it fell by 0.1% compared with April 2021, according to data provided by the National Bureau of Statistics (DZS) on Wednesday. May was the 12th consecutive month to see the rise in the volume of construction work on an annual level. Year on year, the volume of construction work to buildings increased by 18% and the volume of construction work to other structures grew by 13%. Month on month, the volume of construction work to buildings fell by 0.3%, while the…
Wednesday, 21 July 2021

Croatian National Bank (HNB): 85% of Croats Hold at Least One Payment Card at End Of 2020

ZAGREB, 21 July, 2021 - At the end of 2020, 3.45 million Croatian consumers had at least one payment card, which means that of 4.05 million residents, 85% possessed cards for cashless payment,  according to the data provided by the Croatian National Bank (HNB). The HNB's publication on cards and card transactions in 2020 shows that as many as 8.78 million such cards were registered at the end of 2020, which was down by 4.5% compared to the end of 2019. Thus, 85% of the population held at least one payment card, more than 29% held at least two payment cards, and…
Tuesday, 20 July 2021

Zagreb Stock Exchange Main Indices Rise

ZAGREB, 20 July, 2021 - The main Zagreb Stock Exchange indices increased on Tuesday, the Crobex by 0.43% to 1,923 points and the Crobex10 by 0.33% to 1,185 points, while regular turnover was HRK 5.1 million. The most traded stock and the only one to cross the million kuna mark was the Podravka food company, turning over HRK 1.8 million. It closed at HRK 582 per share, up 0.34%. Thirty stocks traded today, 11 rising in price and 11 dropping, while eight were stable. (€1 = HRK 7.492196) For more about business in Croatia, follow TCN's dedicated page.
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…
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