Tuesday, 20 April 2021

Zagreb Stock Exchange Main Indices Down

ZAGREB, 20 April, 2021 - The main Zagreb Stock Exchange indices decreased on Tuesday, the Crobex by 0.12% to 1,879.46 points and the Crobex10 by 0.23% to 1,175.07 points, while regular turnover was HRK 5.8 million.

Only one stock crossed the million kuna mark, the Adris tourism and insurance group, turning over HRK 1.1 million. It closed at HRK 408 per share, up 0.25%.

Forty-one stocks traded today, with 18 going up in price, 11 going down and 12 staying the same as on Monday.

(€1 = HRK 7.560764)

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Friday, 16 April 2021

Zagreb Stock Exchange Indice Drop for Third Consecutive Day

ZAGREB, 16 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices weakened for the third consecutive day on Friday amid modest trading, the Crobex decreasing by 0.19% to 1,878 points and the Crobex10 by 0.28% to 1,176 points.

Both indices also ended in the red week-on-week -- the Crobex went down by 0.55% and the Crobex10 by 0.73%

Of the sectoral indices, the industrial index saw the biggest decline, of 0.5%, while the construction index was the only one to go up, by 1.53%.

Today's regular turnover was HRK 4.9 million, or HRK 600,000 less than on Thursday.

The stock the HT telecommunication company generated the highest turnover, of nearly HRK 1.6 million. Its price remained unchanged at HRK 191.5 per share.

A total of 39 stock traded today, with seven of them registering price increases, 19 recording price decreases and 13 remaining stable in price.

(€1 = HRK 7.567447)

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Friday, 16 April 2021

The Croatian National Bank (HNB) Reports HRK 266m Profit in 2020

ZAGREB, 16 April, 2021 - The Croatian National Bank (HNB) generated a profit of nearly HRK 266 million in 2020, achieving a positive result for the second consecutive year, but the profit was almost three and a half times lower than in 2019, according to the central bank's audited financial statement released on its webpage.

For the sake of comparison, the HNB had posted a profit of just over HRK 927 million for 2019.

Of last year's profit, HRK 53.2 million was paid into the bank's general reserves and HRK 212.8 into the state budget, in accordance with the Act on the Croatian National Bank.

The financial statement also shows that the HNB last year generated HRKK 591.7 million in net interest income, which is nearly HRK 88 million or 17.4% more than in 2019.

At the same time, net fee and commission income was HRK 34.4 million, or 11% higher, while operating income was HRK 703.3 million, or 48% lower compared with 2019.

The HNB's operating expenses in 2020 reached HRK 419.5 million, or 6% more. In 2020, the HNB had an average of 690 employees, which is 19 more than in 2019, and total employee costs were HRK 203 million.

(€1 = HRK 7.567447)

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Thursday, 15 April 2021

Zagreb Stock Exchange Indices Down For Second Day in a Row

ZAGREB, 15 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices fell for the second day in a row on Thursday, with the Crobex decreasing by 0.22% to 1,882 points and the Crobex10 by 0.17% to 1,179 points.

Turnover at the close of the trading session was HRK 5.56 million, about a million less than on Wednesday. An additional HRK 4.68 million was generated by a block transaction with the stock of the Atlantic food and retail group at HRK 1,560 per share.

The only stock to pass the turnover mark of one million kuna was that of the Adris insurance and tourism group, turning over HRK 1.4 million. The price of its share rose by 0.45% to HRK 444.

A total of 43 stocks traded today, with 16 of them registering share price increases, 11 recording price decreases and 16 remaining stable in price.

(€1 = HRK 7.562610)

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Thursday, 15 April 2021

Strawberry Picking Season Starts in Southern Croatia, 600 Tonnes of Produce Expected

ZAGREB, 15 April, 2021 - Strawberry picking season has begun in the Vrgorac area in southern Croatia and the Vrgorac strawberry association told a news conference on Thursday that this year  600 tonnes of high quality strawberries can be expected from local fields.

Vrgorac high-quality strawberries will already be available at farmers' markets as of tomorrow the association's president Milan Franić said.

According to Franić, about 600 tonnes are expected from this year's yield which will bring in a revenue of HRK 12 million for producers in the Vrgorac area.

"We have good weather conditions and will produce a standard quality. The yield will be high and of good quality for almost all producers however 15 family farms affected by last year's floods in Kokorići will not have any yield this year because the floods destroyed their greenhouse and crops," said Franić.

He added the price of strawberries is HRK 25 (€3.3) per kilogram, which is far below their price in the European Union where their cost ranges from €7 to €10.

"We are happy however that Vrgorac strawberry farmers will generate a revenue of HRK 12 million for the HRK 5.6 million that they invested, which is good for Croatian circumstances. We will continue to invest in improving the quality of our strawberries of which 80% are produced in tunnel greenhouses which protect them from rain, hail and frost and guarantee they are produced without any pesticides" said Franić.

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Wednesday, 14 April 2021

Zagreb Stock Exchange Main Indices Weaken

ZAGREB, 14 April, 2021 - The Zagreb Stock Exchange (ZSE) indices weakened slightly on Wednesday amid modest trading, the Crobex by 0.04% to 1,886 points, and the Crobex10 by 0.08% to 1,181 points.

Of the sectoral indices, the construction index saw the biggest decrease, of 1.56%, while the industry index increased the most, by 0.28%.

Today's regular turnover was HRK 6.5 million, HRK 3.2 million more than on Tuesday.

The highest turnover, of HRK 1.68 million, was generated by the preferred stock of the Adris insurance and tourism group. Its price went up by 0.49% to HRK 410 per share.

The only other stock to pass the turnover mark of one million kuna was Zagrebačka Banka, turning over HRK 1.22 million. Its price remained unchanged at HRK 56 per share.

A total of 43 stocks traded today, with 14 of them recording share price increases, 15 registering price decreases and 14 remaining stable in price.

(€1 = HRK 7.571658)

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Tuesday, 13 April 2021

Zagreb Stock Exchange Indices Rebound

ZAGREB, 13 April, 2021 - The main Zagreb Stock Exchange (ZSE) indices rebounded on Tuesday, with the Crobex rising by 0.26% to 1,887 points and the Crobex10 by 0.07% to 1,182 points.

Turnover at the close of the trading session was HRK 3.45 million, 500,000 lower than on Monday.

None of the stocks passed the turnover mark of one million kuna. The highest turnover, of slightly over HRK 500,000, was generated by the stock of the Podravka food company. The price of its share fell by 0.72% to HRK 550.

A total of 36 stocks traded today, with 12 of them registering share price increases, 12 recording price decreases and 12 remaining stable in price.

(€1 = HRK 7.570542)

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Friday, 9 April 2021

Zagreb Stock Exchange Main Indices End Week in Opposite Directions Amid Low Turnover

ZAGREB, 9 April, 2021 - The Zagreb Stock Exchange's Crobex index went up 0.06% to 1,889.05 points on Friday, while the Crobex10 dipped 0.07% to 1,185.06 points, and regular turnover was only HRK 3.5 million.

No stock crossed the million kuna mark and the most traded one was the Valamar Riviera tourism company, turning over HRK 888,000. It closed at HRK 29.50 per share, the same as on Thursday.

Forty-one stocks traded today, with 13 increasing in price, 14 decreasing and as many staying the same.

(€1 = HRK 7.569904)

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Friday, 9 April 2021

Croatia's Industrial Producer Prices Up After a Year

ZAGREB, 9 April, 2021 - In March 2021, producer prices of industrial products increased by 1.5% compared to February 2021 and by 3.5% compared to March 2020, the Croatian Bureau of Statistics said on Friday.

On the domestic market, producer prices increased by 1% compared to February 2021 and by 3.2% compared to March 2020, while on the non-domestic market they increased by 2% compared to February 2021 and by 3.8% compared to March 2020.

In March 2021, as compared to February 2021, prices of energy increased by 4.3%, prices of durable consumer goods by 1.5%, prices of intermediate goods by 1.3%, prices of non-durable consumer goods by 0.3% and prices of capital goods by 0.2%.

As compared to March 2020, prices of energy rose by 13.5%, prices of intermediate goods by 2.2%, prices of durable consumer goods by 1.4%, and prices of capital goods by 1.2%, while prices of non-durable consumer goods fell by 0.5%.

In March 2021, as compared to February 2021, producer prices increased in Manufacturing by 1.8% and in Electricity, gas, steam and air conditioning supply by 0.1%, decreasing in Mining and quarrying by 4.4% and remaining stable in Water supply; sewerage, waste management and remediation activities.

As compared to March 2020, producer prices increased in Mining and quarrying by 50.3%, in Manufacturing by 2.9% and in Water supply; sewerage, waste management and remediation activities by 0.6%, while decreasing in Electricity, gas, steam and air conditioning supply by 2.0%.

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Friday, 9 April 2021

The Voice of Entrepreneurs Association: Proposed National Recovery Plan Will Destroy Chance of Recovery

ZAGREB, 9 April, 2021 - The Voice of Entrepreneurs association considers that the National Recovery and Resilience Plan, as proposed by the government, will destroy the chances for economic recovery, and calls for a radical change in the document.

In order for the National Recovery and Resilience Plan to have a greater impact, priority should be given to investments in the private sector, the association said in a statement issued on Friday.

Entrepreneurs think that the plan will not direct enough funds to small and medium-sized enterprises and that that will have a negative impact on the entire economy.

Unlike other countries, they add, Croatia does not intend to direct most of the funds from the recovery plan to the business sector and the most affected companies, sectors and citizens.

The current recovery and resilience plan relies mainly on state and local government projects and projects with low and long-term returns, and in some cases negative returns, which is contrary to the general goal of rapid recovery, the association said.

It is true, they add, that the plan envisages distributing 54% of the funds for the business sector and 46% for reforms in the public sector, but the 54% intended for the business sector includes investments in public companies that have so far demonstrated low efficiency, such as wastewater projects, waste management, road and transport infrastructure construction.

The National Recovery and Resilience Plan is thus not aimed at helping the private sector and encouraging the competitiveness of the Croatian economy, the association of entrepreneurs said, stressing that the existing plan is not oriented towards rapid recovery of domestic demand, investment in high return projects and technological innovation.

They call for prioritising private sector investment and focusing on high return projects.

Last week, the government presented the National Recovery and Resilience Plan for 2021-2026, which contains project proposals in six areas, worth a total of HRK 49.08 billion.

Of that, 54% is intended for projects in the business sector, 15% for education, science and research, 12% for building reconstruction, 10% for public administration and justice, 5% for health care and 4% for the labour market and social protection.

Digitisation and green energy transition feature in all six areas in the document.

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