Tuesday, 13 July 2021

Zagreb Stock Exchange Indices Down

ZAGREB, 13 July, 2021 - The Zagreb Stock Exchange (ZSE) indices - the Crobex and the Crobex10 - fell on Tuesday by 0.38% to 1,951.02 points and by 0.26% to 1,207.53 points respectively.

Today's regular turnover totalled HRK 7.2 million kuna, 2.5 million more than on Monday.

The shares of the Podravka food processor were the only to cross the one million kuna mark in turnover, generating a turnover of HRK 2.3 million, with their price decreasing by 0.68% to HRK 582.

Of the 36 shares that traded today, only nine saw a rise.

(€1 = HRK7.488108)

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Tuesday, 13 July 2021

Gross Agricultural Production Rises 2.4%

ZAGREB, 13 July, 2021 - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office.

ZAGREB, 13 July (Hina) - In 2020, the physical volume of gross agricultural production in Croatia went up by 2.4% on the year, owing to a growth in plant production, while cattle production dropped, according to the national statistical office.

Plant production went up by 7%, while cattle production fell by 4.1%.

Maize production went up by 5.8%, wheat by 7.4%, by soybean by 8.9% and grapes by 14.1%.

In cattle production, only beef production increased, by 1.2%, while egg production went up by 11%.

Plant production accounted for 61.5% and cattle production for 38.5% of gross production.

In 2020, the physical volume of net agricultural production increased by 2.8%.

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Wednesday, 7 July 2021

Zagreb Stock Exchange Indices Snap Seven-Day Losing Streak

ZAGREB, 7 July, 2021 - The Zagreb Stock Exchange (ZSE) Crobex and Crobex10 indices rebounded by 0.45% to 1,969 points and by 0.36% to 1,214 points respectively on Wednesday, thus snapping their seven-day losing streak.

Today's turnover was a modest three million kuna.

None of the stocks passed the one million kuna mark.

In terms of the volume of trading, the best performer was the HT telecom, 777,000, with its price rise of 1.06% to HRK 190.5 per share.

A total of 33 stocks traded today, with 17 of them registering price increases, six recording price decreases and 10 remaining stable in price.

(€1 = HRK 7.481569)

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Wednesday, 7 July 2021

Croatia's Industrial Stockpiles Up Month-On-Month And Year-On-Year

ZAGREB, 7 July, 2021 - Croatia's stockpiles of finished industrial goods in May 2021 were 0.5% higher than in the previous month and 2.5% higher than in May 2020, according to data from the National Bureau of Statistics (DZS).

Broken down by main industrial groupings, compared with April 2021, stockpiles of durable consumer goods increased the most, by 7.1%. Stockpiles of energy rose by 2.9% and those of intermediate goods and non-durable consumer goods increased by 0.2%. At the same time, stockpiles of capital goods fell by 2.3%.

Compared with May 2020, stockpiles of energy increased by 41% and those of non-durable consumer goods by 11%, while stockpiles of durable consumer goods fell by 18.6%, those of intermediate goods by 11.1% and stockpiles of capital goods by 7.8%.

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Tuesday, 6 July 2021

Zagreb Stock Exchange Indices Down For Seventh Consecutive Day

ZAGREB, 6 July, 2021 - The main Zagreb Stock Exchange (ZSE) indices finished in negative territory on Tuesday for the seventh consecutive trading day, with a considerably higher turnover than in the previous days. 

The Crobex shed 0.35% to end the day at 1,960 points, while the Crobex10 shrank by 0.39% to 1,210 points.

Turnover at the close of the trading session was HRK 9.8 million, which is 6.3 million higher than on Monday.

The highest turnover, of HRK 4.78 million, was generated by the Končar Electrical Industry stock. Its price remained stable at HRK 750.

The only other stock to pass the turnover mark of one million kuna was that of plastic car parts manufacturer AD Plastik, turning over HRK 1.3 million. The price of its share fell by 0.26% to HRK 193.

A total of 33 stocks traded today, with 9 of them registering price increases, 18 recording price decreases and 6 remaining stable in price.

(€1 = HRK 7.484635)

For more about business in Croatia, follow TCN's dedicated page.

 

Tuesday, 6 July 2021

Pension Insurees' Numbers Rising For Five Months in Row

ZAGREB, 6 July, 2021 - The Croatian Pension Insurance Institute (HZMO) said on Tuesday that the number of pension insurance contributions had been on the rise for five months in a row, and the number of insurees was higher by 3.54% at the end of this June compared to June 2020.

At the end of this June, the contributions were paid by 1,596,112 insurees, or by 54,499 people more than the year before.

Broken down by sector, the highest number of pension insurees was registered in the processing industry (more than 246,000 people covered by insurance contributions).

The rise in the number of insurees has been registered in several sectors, for instance, in construction, IT, the hospitality industry and so on.

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Tuesday, 6 July 2021

€40m Transfer Technology Fund to be Established

ZAGREB, 6 July, 2021 - Investment in private equity in Croatia stands at 0.3% of GDP, whereby it lags behind the most successful countries in that segment, the Croatian Bank for Reconstruction and Development (HBOR) CEO said on Tuesday, adding that the HBOR would participate in launching a €40 billion technology transfer fund.

Tamara Perko was speaking at the Bestinvest.hr conference organised by the Croatian Private Equity and Venture Capital Association, at which awards for the best private equity and venture capital investment were presented.

Perko said the HBOR contributed significantly to the development of private equity and venture capital in the past two years.

She said that together with the European Investment Fund (EIF) and private investors, the HBOR invested in  €46 million worth FIL Rouge Capital, the first venture capital fund investing only in Croatia.

Last year the HBOR, together with the EIF, established three more equity funds in Croatia, the Prosperus Growth Fund, the Adriatic Structured Equity Fund, and the Croatian Mezzanine Debt Fund, investing over €80 million.

Perko said that together with the EIF and the Slovenian development bank, the HBOR planned to invest in a fifth fund, the Transfer Technology Fund. In terms of patents, Croatia is within the EU average, but is near the bottom when it comes to their applicability in the economy, she added.

The purpose of the Transfer Technology Fund is to commercialise science and finance societies that will be established in science and research institutions and work together with the economic sector by providing the necessary products, services and processes, Perko said.

She said that Estonia invested 1.3% in private equity and was among the countries investing the most in that segment, adding that Croatia, with only 0.3%, "must run four times faster to catch up with the best."

Minister underlines importance of industries based on new technologies

Economy and Sustainable Development Minister Tomislav Ćorić underlined the importance of technology transfer and new technologies for the Croatian economy whose development, he said, must be based on those industries.

He said the venture and private equity scene in Croatia developed in a good direction over the past ten, 15 years. The fact that classic financing sources often are not enough additionally underlines the importance of the fund industry, he added.

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Wednesday, 30 June 2021

Zagreb Stock Exchange: Indices Continue Falling For Third Day

ZAGREB, 30 June, 2021 - The main Zagreb Stock Exchange indices dived significantly on Wednesday, slipping for the third day in a row, however they managed to end June in the green and doubled their increase since the start of the year.

The Crobex dropped by 0.78% to 1,980 points while the Crobex10 fell by 0.67% to 1,218 points. Both indices closed in the red for three days running now.

This however, is the fourth week that indices have increased and they have ended the month in the green. The Crobex is 2.5% stronger month on month and the Crobex10 is 1.8% stronger.

Regular turnover on Wednesday amounted to a modest HRK 4 million or about 1.8 million less than on Tuesday.

Not one stock crossed the million kuna mark.

The most liquid stock was the HT telecommunications company with a turnover of HRK 807,000. The price of its share increased by 0.54% to HRK 187.50.

 A total of 30 stocks traded today, with 3 of them recording share price increases, 19 registering share price decreases and 8 remaining unchanged in price.

(€1 = HRK 7.491244)

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Wednesday, 30 June 2021

Croatian National Bank (HNB): Current Account Balance Payment Runs €1.26bn Deficit in Q1

ZAGREB, 30 June, 2021 - The current account of the balance of payments ran a deficit of €1.36 billion in the first quarter of 2021, thus narrowing the gap by €23.3 million or 1.7% from the same period of 2020, according to figures the Croatian National Bank (HNB) released on Wednesday.

A surplus on the capital account increased by 20.9% or €45 million in Q1 to €260 million.

As a result, the balance of payments of the current and capital accounts in Q1 generated a deficit of €1.1 billion, which is €100 million less than in the corresponding period in 2020.

"That improvement is exclusively the result of the surplus in the secondary income and capital transaction accounts due to a marked increase in net income from transactions with the EU budget. The favourable trend of absorbing EU budget funds, however, on the most part were annulled by a pronounced deterioration of balance of primary income accounts and, to a lesser extent, by the decreased net export of services," according to HNB analysts.

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Tuesday, 29 June 2021

Zagreb Stock Exchange: Indices Sink For Second Day in a Row

ZAGREB, 29 June, 2021 - The main Zagreb Stock Exchange indices slipped mildly on Tuesday, falling for the second day in a row, with investors focusing on the Adris tourism and insurance group's stock.

The Crobex decreased by 0.28% to 1,996 points and the Crobex10 fell by 0.24% to 1,226 points.

Regular turnover amounted to HRK 5.8 million, about 2 million less than on Monday.

An additional HRK 5.4 million was generated in block transactions, with the HT telecommunications company generating a turnover of HRK 3.34 million and the Končar Electrical Industry generating HRK 2.04 million. HT shares closed at HRK 186.5 while the Končar shares closed at HRK 755.

The highest turnover in regular trading was generated by the preferred shares of the Adris tourism and insurance group, with a turnover of HRK 1.9 million. Its shares dropped by 1.57% in price to HRK 440.

Adris ordinary shares generated a turnover of HRK 1 million, with their price remaining at HRK 488.

A total of 34 stocks traded today, with 11 of them recording share price increases, 15 registering share price decreases and 8 remaining unchanged in price.

(€1 = HRK 7.492921)

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