Wednesday, 16 March 2022

Croatia's Leading Dairy Producer Increases Buy-Up Price Of Milk

ZAGREB, 16 March 2022 - Dukat continues to increase the buy-up price of milk from its sub-contractors, which will go up by HRK 0.15 per litre as of 1 April and by an additional HRK 0.10 as of 1 May, the Zagreb-based dairy company stated on Wednesday.

In addition to the increases in the price for purchased milk in January and March, the aggregate rise will be HRK 0.50 per litre, Dukat's director Duško Glišić, said, according to a press release.

Dukat says it is aware of difficulties faced by small farms due to the higher input costs and disturbances on the global food market, and although it itself is under pressure from increasing input costs, it will do its utmost to help its sub-contractors in milk production.

Dukat noted that Croatia is not self-sufficient in primary milk production.

"We acknowledge the efforts by the government and the relevant ministry to help farmers, and we urge the authorities to make additional efforts to help preserve the primary milk production," Glišić was quoted as saying.

Dukat buys up milk in 15 counties and cooperates with 1,600 producers, half of whom are small milk farms.


Business: For more, check out our business section.

Wednesday, 16 March 2022

February Inflation Of 6.3% Highest Since August 2008

ZAGREB, 16 March 2022 - In February 2022, compared to February 2021, the prices of goods and services for personal consumption increased by 6.3%, the most since August 2008, when annual inflation was 7.1%, the Croatian Bureau of Statistics said on Wednesday.

In February 2022 inflation continued to increase. In January 2022 it went up by 5.7% on the annual level, in December 2021 by 5.5%, in November by 4.8%, in October by 3.8%, and in September by 3.3%. The first major inflation increase last year was recorded in April (+2.1%).

In February 2022, compared to January 2022, the prices of goods and services for personal consumption, measured by the consumer price index, increased by 0.9% on average, while on the annual average they increased by 3.6%.

At the annual level, the highest increase on average in consumer prices was recorded in Transport, of 10.7%, Food and non-alcoholic beverages, of 10%, Furnishings, household equipment and routine household maintenance, of 6.5%, Alcoholic beverages and tobacco, of 6.4%, Restaurants and hotels, of 6.2%, Recreation and culture, of 4%, Clothing and footwear, of 3.5%, Miscellaneous goods and services, of 3.4%, and Housing, water, electricity, gas and other fuels, of 3.3%.

The largest contribution to the growth rate of the annual index came from Food and non-alcoholic beverages (+2.59 percentage points), Transport (+1.57 percentage points), Housing, water, electricity, gas and other fuels (+0.56 percentage points).

At the monthly level, the highest increase on average in consumer prices was recorded in Clothing and footwear, of 3%, Furnishings, household equipment and routine household maintenance, of 1.9%, Transport, of 1.6%, Recreation and culture, of 1.5%, Restaurants and hotels, of 1.3%, Housing, water, electricity, gas and other fuels, of 0.5%, and Food and non-alcoholic beverages, of 0.4%.


Business: For more, check out our business section.

Tuesday, 15 March 2022

Fuel Prices Increase Significantly Again

ZAGREB, 15 March 2022 - As of Tuesday, Eurosuper 95 is sold at most petrol stations in Croatia at a price of HRK 13 per litre, which is HRK 0.82 more than on Monday, the price of Eurodiesel has gone up by HRK 1.40 while premium diesel fuels cost more than HRK 15 per litre.

According to data on the website of the Economy and Sustainable Development Ministry and the portal, the price of Eurosuper 95 at petrol stations operated by Ina, Petrol, Crodux, Lukoil and some other distributors is HRK 13 per litre, having gone up from HRK 12.18 per litre.

The price increase of Eurodiesel is slightly higher, and at most petrol stations it is sold at HRK 13.91 per litre, having previously been sold at HRK 12.51 per litre. Premium diesel fuels are sold at more than HRK 15 per litre.

Last week the government decided to lock margins on petroleum product transactions and temporarily reduce excise duties on diesel and gasoline in order to lower fuel prices.

As a result, the total margin on diesel and petrol was locked at HRK 0.75 per litre, and at HRK 0.50 per litre for blue-dyed diesel.

Amendments to legislation on excise duties have reduced excise duties by HRK 0.20 per litre of unleaded gasoline for 90 days, and the reduction for diesel is HRK 0.40 per litre.

The government's assessment was that based on those measures, the price growth of Eurosuper and Eurodiesel would be between HRK 0.80 and HRK 1.20 per litre, while without the measures the real market increase in prices would have been around HRK 2.

(€1 = HRK 7.567663)

Thursday, 10 March 2022

Price of New Flats Up 7.8% in 2021

ZAGREB, 10 March 2022 - The average price of new flats in Croatia in 2021 was HRK 13,713 per square metre, which is 7.8% more than in 2020, show data from the national statistical office.

In the capital Zagreb, the average price of a new flat was HRK 14,672 per square metre, 4.7% more than in 2020, while in other cities it was HRK 12,577 or 12.3% more.

The average price of a new flat sold by companies and other legal entities, not including the government-subsidized housing construction scheme, was HRK 13,843 per square metre, 7.6% more than in 2020.

The price of those flats in Zagreb was up by 4.6% to HRK 14,891, while in other cities it was 12.1% higher, at HRK 12,627.

The average price of flats built under the POS subsidized housing construction scheme was HRK 7,642, 0.8% down from 2020.

In Zagreb, POS flats cost HRK 7,689 per square metre on average, up 2.3% from 2020, while in other cities they cost HRK 7,472 per square metre, 7.2% down.

In 2021, 4,678 new flats were sold, of which 2,594 in Zagreb and 2,084 in other cities. Of the total number of sold flats, 82 were flats from the POS scheme and 4,596 were sold by companies and other legal entities.

In the second half of 2021, the average price of a new flat in Croatia was HRK 14,038 per square metre, 11% more than in the same period of 2020.

For more, check out our lifestyle section.