Business

Friday, 20 May 2022

Croatia's Area Under Vineyards Increases by 7% Since 2019

ZAGREB, 20 May 2022 - The Ministry of Agriculture on Friday reported that according to the Croatian Bureau of Statistics, in 2021 the area covered with vineyards increased by 7% compared with 2019 and now amounts to 21,213 hectares. This has resulted to a large extent from the Ministry's contribution of HRK 416 million (€55.5 million) from national aid schemes from the 2019 - 2023 wine envelope. The ARKOD register in the Agriculture Payment Agency has 18,126 hectares registered with vineyards which relate to areas receiving subsidies and professional wine producers. The difference can be attributed to vineyards kept as…
Friday, 20 May 2022

Slovenia's Geoplin Without Additional Capacities at Krk LNG Terminal

ZAGREB, 20 May 2022 - Slovenia's Geoplin gas operator has failed to get the remaining free capacity at the LNG terminal on the island of Krk, so it will probably have to turn to other sources to end its dependence on the Russian natural gas, Slovenian media outlets reported on Friday. The second-largest Slovenian wholesale natural gas supplier Geoplin was left "empty-handed" in the tender for the remaining free capacity in Omišalj, which despite different expectations, went to the natural gas company Prvo Plinarsko Društvo (PPD), a Croatian partner of the Russian Gazprom, the Slovenian Press Agency (STA) said, quoting…
Friday, 20 May 2022

Lack of Croatian Labour Causing Huge Issues for Tourism Employers

May the 20th, 2022 - The lacking Croatian labour force and the situation of just ''not being able to get the staff'' is having a seriously negative effect on tourism employers across the country. Some are having to close their doors. We recently wrote about the Croatian tourism sector lacking enormous numbers of workers for the rapidly approaching summer tourist season, and it seems that the situation is being felt up and down the country in areas which would usually be rubbing their hands in excitement for a decent post-pandemic season. As Poslovni Dnevnik writes, the Northern Adriatic region of…
Friday, 20 May 2022

Construction of 2nd Croatian Underground Gas Storage Facility Begins

May the 20th, 2022 - The construction of the second Croatian underground gas storage facility is now underway following approximately sixteen very long years of discussions on the matter. As Poslovni Dnevnik/Darko Bicak writes, after almost sixteen years of discussions and plans to build the second Croatian underground gas storage facility (PSP) Grubisno Polje (GP), the war in Ukraine and the ensuing energy crisis have suddenly made such strategic facilities very desirable and deeply necessary. Although activities on the project began in parallel with the Russian attack on Ukraine back in February, the start of works on the new Croatian…
Thursday, 19 May 2022

HUB Director: We Don't Expect Extremely High Increase In Interest Rates

ZAGREB, 19 May 2022 - Croatian Banking Association (HUB) director Zdenko Adrović said on Thursday that interest rates were not expected to rise extremely high but at rates that most people would be able to bear. Responding to questions from the press at a HUB conference on the impact of euro adoption on the Croatian financial sector, Adrović said he did not know at what pace interest rates would grow, citing discussions in the Council of Governors at the European Central Bank. "Some are calling for a quick and sharp increase in interest rates of 0.5 per cent already in July…
Thursday, 19 May 2022

IBM iX Agency to Open Brand New Osijek Office by End of 2022

May the 19th, 2022 - The IBM iX agency has announced the opening of its Osijek office, which will be another positive economic move for this particular Eastern Croatian city in a part of the country known for migration and demographic issues. As Poslovni Dnevnik writes, the digital agency IBM iX Croatia recently announced the opening of an up and coming Osijek office, which will be the company's third office in the Republic of Croatia, after the ones located in Zagreb and Varazdin. The company's CEO, Mario Horvat, said at a press conference that Osijek has grown into one of the…
Thursday, 19 May 2022

Jadrolinija Ferries Postira, Premuda and Tijat to be Replaced

May the 19th, 2022 - Three Jadrolinija ferries which have gained ''legend'' status in their own respective rights, Premuda, Tijat and Postira, are all set to be replaced as the company moves towards new goals. As Poslovni Dnevnik writes, for the very first time, Jadrolinija has initiated the procedure of purchasing fully electric vessels that will transport passengers in the Dubrovnik, Sibenik and Losinj areas, as was confirmed by the President of the Management Board of the national shipping company, David Sopta, for Rijeka portal Novi list. A preliminary consultation procedure has since been initiated, as part of the public procurement…
Wednesday, 18 May 2022

Promet Split Electric Buses Announced, E-ticketing from July 1, and Higher Ticket Prices?

May 18, 2022 - New Promet Split electric buses are in the plans, e-ticketing should finally kick off on July 1, but will bus transport become more expensive in Split? As part of the European tour MAN #ElectrifyingEurope, the battery-electric city bus MAN Lion's City 12E arrived in Croatia, reports Dalmacija Danas.  A short presentation was held at the Amphora Hotel in Žnjan as this bus could soon transport the people of Split. Namely, Split-based Promet will apply for tenders for EU funds, and the studies have been conducted for more than a year. Negotiations are also underway with HEP…
Monday, 16 May 2022

ZSE Indices Slide

ZAGREB, 16 May 2022 - The main Zagreb Stock Exchange (ZSE) indices slid 0.2% on Monday amid cautious trading. The Crobex decreased by 0.22% to 2,077 points and the Crobex10 by 0.25% to 1,238 points. The industry index saw the biggest decline, of 0.96%, while the construction index rose by as much as 15.13%, thanks to a jump in the price of the stock of the Institut IGH construction company by nearly 28%, to HRK 110 per share. Regular turnover amounted to HRK 5.8 million, or HRK 1.1 million less than on Friday. The only stock with the one million…
Monday, 16 May 2022

Croatia Airlines and Lufthansa Technik Continue 30-Year Cooperation

ZAGREB, 16 May 2022 - Croatia Airlines (CA) and the German aircraft maintenance company Lufthansa Technik celebrated 30 years of successful cooperation in Zagreb on Monday, and that cooperation is continuing and soon a new two-year contract will be signed. By combining the strengths of employees and professional knowledge from both companies, excellence in technical aircraft maintenance has been reached, which is recognised by our partners across the world. As a result, Croatia Airlines' Technical Sector has become a center of excellence in which the most demanding technical services are provided to domestic and foreign aircraft, said the president of…
Monday, 16 May 2022

DZS: 55.3% of Registered Business Entities Active in March

ZAGREB, 16 May 2022 - Of 311,698 registered business entities in Croatia, 172,438 or 55.3% were active in March 2022, according to data from the Croatian Bureau of Statistics (DZS). Most of the business entities were trading companies. At the end of March 2022, there were 234,561 trading companies registered, and 137,664, or 58.7%, were active. There were 73,589 institutions, associations, and organizations, of which 33,965 or 46.2% were active, as well as 3,548 cooperatives, of which 809 were active, and 88,184 sole proprietorships and freelancers. Out of 172,438 legal entities that were active at the end of March 2022, 66,497 or…
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