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Thursday, 29 July 2021

Bank Warns of Potential Jeopardy Despite Good Croatian Economic Outlook

July the 29th, 2021 - The Croatian National Bank (CNB/HNB) has warned of potential issues that the domestic economy might yet face despite the currently favourable Croatian economic outlook. As Poslovni Dnevnik writes, due to the possibility of a new wave of the coronavirus pandemic and potential lockdowns, there is room for the further growth of property prices above their real value with the risk of a sudden and sharp decline, as well as the growth of bad loans after the abolition of measures and grants. These are just a couple of potential issues which could arise and directly threaten…
Thursday, 29 July 2021

Croatian Medico Hospital Develops Innovative Spine Treatment Method

July the 29th, 2021 - The Croatian Medico Hospital, which is a special hospital, is the first in the entire world to develop an innovative and quite remarkable method for the treatment of the spine. As Poslovni Dnevnik/Marija Crnjak writes, the Croatian Medico Hospital is starting a project to invest in the application of an intervertebral disc patch (IVD patch), a new personalised method of treating damaged spinal discs, as well as the introduction of a software solution for the early detection of lumbar spine damage. This scientific research project was positively evaluated and funded within the IRI project from…
Thursday, 29 July 2021

7.5 Billion Kuna Paid Out to Micro and Small Croatian Enterprises

July the 29th, 2021 - The government introduced job preservation measures in an attempt to tackle the devastating effects of the coronavirus pandemic and all of the related lockdowns throughout 2020. When it comes to micro and small Croatian enterprises, the amounts paid out to keep their heads above water are generous indeed. As Jadranka Dozan/Poslovni Dnevnik writes, according to the daily "barometer" of the Croatian Employment Service (CES), there are currently 126,175 unemployed persons officially registered as such across Croatia, which is slightly less than were officially registered back at the beginning of the month. The latest available data…
Thursday, 29 July 2021

Zagreb Dominos Pizza Among World's Top 5 in Terms of Delivery Speed

July the 29th, 2021 - The Zagreb Dominos Pizza restaurant, located close to the Sheraton Hotel in the heart of the city, has been ranked among the world's top five Dominos Pizza restaurants in terms of delivery speeds. As Poslovni Dnevnik/Marta Duic writes, Dominos Pizza, a world-famous American pizza company, will soon open the doors of yet another location here in Croatia, in Zagreb's Tresnjevka, more precisely in Trakoscanska Street (Ulica). All about pizza is responsible for the arrival of the huge company which is very well known as the global leader in terms of pizza delivery with more than 18,000…
Wednesday, 28 July 2021

Pelješac Bridge Finally Completed!

July 28, 2021 - What always seemed to be an unattainable dream (even in recent years) is now a reality: the Pelješac bridge has been completed tonight and Croatia is one again. The impossible is no longer so, and as of tonight, the Croatian territory reconnects with Dubrovnik via the Pelješac bridge, and the Neum corridor will no longer be the way to the Pearl of the Adriatic and back. Tonight at 11 pm, the last segment of the steel span structure of the Pelješac Bridge will be installed, which will connect the mainland from Komarna with Brijesta on the Pelješac peninsula. Although…
Wednesday, 28 July 2021

Mandy Fransz of Make the Leap Digital on the Digital Nomad Opportunity

July 28, 2021 - One of the star speakers of last month's Zagreb Digital Nomad Week was Mandy Fransz from the Netherlands. She caught up with TCN after a little relaxation on the Croatian coast. It is a few weeks now since the conclusion of Zagreb Digital Nomad Week 2021, the first conference of its kind in the Croatian capital. There was plenty of positive energy throughout the week, despite the heat, including several inspirational speakers. Among them was Mandy Fransz from the Netherlands, who flew in for the event, before continuing her Croatian nomad journey to the Adriatic, where…
Wednesday, 28 July 2021

Zagreb Stock Exchange Indices Go in Opposite Directions

ZAGREB, 28 July, 2021 - The Zagreb Stock Exchange (ZSE) indices on Wednesday changed slightly, going in opposite directions, while regular turnover was modest, however, overall liquidity was increased by the block trading in HT telecommunication company's shares, amounting to HRK 2.66 million. The Crobex rose by 0.15% to close at 1,934.02 points while the Crobex10 dropped by 0.11% to 1,192.41 points. Regular trading amounted to HRK 4.4 million, almost three million less than on Tuesday. The total liquidity was increased by the block trading in HT shares in the amount of HRK 2.66 million, at a price of HRK 190 per share. HT…
Wednesday, 28 July 2021

Homeland Movement Accepts Miroslav Škoro's Resignation

ZAGREB, 28 July, 2021 - The presidency of the Homeland Movement (DP) party on Wednesday unanimously accepted party leader Miroslav Škoro's irrevocable resignation as well as the resignation of secretary-general Dario Žepina, launching disciplinary proceedings against DP MP Vesna Vučemilović, who is Škoro's sister. DP vice-president Mario Radić said that the party leadership concluded that preserving DP's stability was of the utmost importance at present and that "the party's unity was not in question at any moment, despite media reports to the contrary." He added that disciplinary proceedings were launched against DP member and MP Vesna Vučemilović because she had abused…
Wednesday, 28 July 2021

Confectioner Kraš Reports 64% Increase in H1 Profit

ZAGREB, 28 July, 2021 - The Kraš confectionery group generated a net profit of HRK 21.9 million in the first half of 2021, an increase of HRK 8.6 million or 64.2% over the same period in 2020, according to its financial statement released on Wednesday. Consolidated revenue reached HRK 488.2 million, up by HRK 30.4 million or 6.6%, with sales revenue totalling HRK 481.4 million. Sales revenue increased by 15.8% to HRK 257.7 million on the domestic market and by 9.1% to HRK 220 million on the foreign markets. Expenditure increased by 4.2% to HRK 461.1 million.  (€1 = HRK 7.523368)…
Wednesday, 28 July 2021

Croatia Logs 198 New Coronavirus Cases, 2 Fatalities

ZAGREB, 28 July, 2021 - In the past 24 hours Croatia has registered 198 new cases of coronavirus and two people have died as a consequence amid 1,042 active cases, the national COVID response team reported on Wednesday. There are currently 143 hospitalised patients and 11 of them are on ventilators. A total of 146 people have recovered over the past 24 hours and 3,267 people are currently self-isolating. Since 25 February 2020, when the first case of the contagion was identified in Croatia, there have been a total of 363,039 people infected with the novel coronavirus, of whom 8,249 people…
Wednesday, 28 July 2021

SDP Expels Six Prominent Members

ZAGREB, 28 July, 2021 - Six prominent members of the opposition Social Democratic Party (SDP) have not had their membership renewed following membership reviews in the party's Zagreb and Slavonski Brod branches, Hina learned unofficially. The members in question are: MP and former cabinet minister Ranko Ostojić, MPs and former secretaries-general Zvane Brumnić and Nikša Vukas, MP Marina Opačak Bilić from Slavonski Brod, who was involved in a financial scandal, former head of the Zagreb branch Gordan Maras, and Tihomir Barišić, best man to former party leader Davor Bernardić. The reasons for their expulsion are of a political nature. They were…
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