Croatia Business News

San Marino Consulate To Open in North Croatian Town of Varazdin

Zagreb, February 15 (CP) – The Varazdin mayor Ivan Cehok has met with the San Marino Cassa di Risparmio CEO Gilbert Ghiotto, the two announcing the opening of the San Marino consulate in Varazdin.
The consulate is to assist the strengthening of economic relations.
The Cassa di Risparmio bank has begun business cooperation with Banka Kovanica bank […]

Vedran Duvnjak Becomes new HFP President

Zagreb, February 15 (CP) — Vedran Duvnjak, who has until now been the assistant Finance Minister has become the new president of the Croatian Privatisation Fund (HFP). The decision on this was made at the closed-door portion of the government session on Thursday, while the acting HFP president Grga Ivezic has been relieved of his […]

Croatian Government Announces Sale of 12 Percent Shares in Petrochemical Plant

Zagreb, February 15 (CP) — The government has announced the sale of 12 percent of shares of the Petrochemical plant to its workers and the redefining of the agreement on mutual relations of the INA shares holders, after the state-owned shares in INA dropped below 50 percent.
A special commission has been established in order to […]

Croatian Tycoon Todoric Fails To Purchase Migros Supermarket Chain

Zagreb, February 14 (CP) – The Turkish Koc Holding has sold 50.8 percent of the Migros supermarket chain to the Moonlight Capital company for $ 1.66 billion, thus snubbing the offer by the Croatian Agrokor company owned by tycoon Ivica Todoric.
Agrokor has fallen short of a stake in the Turkish company, which is currently estimated […]

KIM Dairy Sales Tender To Be Published During February

Zagreb, February 13 (CP) – The Croatian Privatisation Fund (HFP) is to publish a tender for the sale of the KIM dairy based in Karlovac.
The postponement of the tender has been justified by the holding of the recent parliamentary elections and the forming of the new government.
However, the delay has resulted in a number of […]

Rohatinski: Five Measures for Curbing Inflation Need To Be Introduced

Zagreb, February 12 (CP) — The central bank governor Zeljko Rohatinski has stated that inflation needs to be curbed and a combination of monetary, fiscal and other policies’ measures should be introduced.
After meeting with PM Ivo Sanader he called on the government to support the curbing of inflation with measures that are not popular, but […]

Crobex Revives at the Zagreb Stock Exchange

Zagreb, February 12 (CP) — After five days of the Crobex share index dropping on the Zagreb Stock Exchange, it grew on Tuesday by 4.06 percent to 4.180,88 points with most of the traded shares’ prices growing.
However, the value of Croabex compared to the start of 2008 is still about 20 percent down. The Laguna […]

Zagreb Stock Exchange Share Index Drops for Fifth Trading Day Running

Zagreb, February 11 (CP) –The drop in prices of most traded shares has continued at the Zagreb Stock Exchange with the Crobex share index dropping by 2.20 percent to 4.017,87 points.
This is the fifth trading day that Crobex has continued its drop and at some point on Monday it dropped below 4,000 points, matching the […]

Croatian PM Sanader Meets with Banking Representatives To Discuss Slowing down Inflation

Zagreb, February 11 (CP) – The PM Ivo Sanader has met with central bank representatives and those of leading banks in the country in a bid to discuss ways of slowing down inflation.
Sanader, deputy PM Damir Polancec and Finance Minister Ivan Suker have announced that special attention would be paid to lowering the deficit rate, […]

Swedish IKEA May Open Store in the Croatian Port of Split

Zagreb, February 11 (CP) – According to the Glas Dalmacije Internet portal, the Swedish giant IKEA may be planning to open a store in Split, after the town-planning for Split has been changed, allowing construction at the location of Stinice.
IKEA has certain standards that all the locations of its stores need to match and among […]

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