Croatia Business News

Croatia To Get $250,000 and about € 1 Mln in Damages following Turkish Ship Incident

Zagreb, February 9 (CP) – Croatia has been promised a total of $250,000 and € 1 million following the incident of the Turkish ship carrying hazardous cargo igniting off the Croatian coast on Wednesday.
The funds have been pledged by insurers of the Turkish vessel.
Croatian Sea, Transport and Infrastructure Minister Bozidar Kalmenta has said that an […]

Croatian T-HT Shares’ Fraudsters Charged

Zagreb, February 9 (CP) – Charges were filed against four persons for fraud in the purchase of Croatian Telecom (T-HT) shares at privileged prices.
The four are all well-to-do business people including a high-profile football manager, who managed to secure more than five allowed ‘power of attorney’ certificates and in that way buy a considerable number […]

First Day of Shopping Boycott in Croatia Ends

Zagreb, February 8 (CP) – Although consumers’ organisations across the country are not in possession of data regarding how many consumers stayed off shopping the first full day of the shopping boycott, the are pleased with the response of the public and are calling on them to keep up the boycott for another six days […]

Croatian Telecom Share Prices Hit New Low in Poor Performance at Zagreb Stock Exchange

Zagreb, February 8 (CT) – Another day of unease at the Zagreb Stock Exchange (ZSE) with total turnover amounting to 166.67 million kuna and 77 percent of the shares traded ending the day with a drop in their value.
The most traded shares were that to Croatian Telecom (T-HT) with trade totalling 18.9 million kuna, dropping […]

World Bank 2008 Outlook for Croatia: Economy Growth set at 4.5 Pct; Inflation at 6 Pct

Zagreb, February 8 (CP) – World Bank’s chief economist for Croatia, Sanja Madjarevic Sujster has said speaking in Zagreb that the organisation expects Croatia’s economy to grow at a 4.5 percent rate in 2008, while the inflation should hover around 6 percent.
Madjarevic said that although the overall economic outlook for the EU and Croatia for […]

Croatian Arms Dealer Loses Court Battle against Croatia in Arms Deal Trial

Zagreb, February 8 (CP) – Former Croatian arms dealer Zvonko Zubak who sued Croatia for $200 million plus interest claiming he was never paid for the S-300 rocket system he had supplied Croatia with back in 1995.
Had Zubak not lost the court case, this would have been the priciest ruling in the history of the […]

Zagreb Stock Exchange: Crobex Share Index Dips 3.13 Percent

Zagreb, February 7 (CP) — The Zagreb Stock Exchange share index Crobex has dropped by 3.13 percent with all the traded shares losing value. T-HT shares have for the first time since being floated on the market dropped below the 300 kuna level ending the day at 298.02 kuna. Crobex ended the day at 4.164,39 […]

Varteks from Varazdin Severs Deal with Univerzijada Beograd

agreb, February 7 (CP) — Despite claiming it will not agree to the severance of the €5 million deal with Univerzijada Beograd, the Varazdin-based Varteks company had done so, thus no longer being the exclusive supplier of official clothing and footwear for the upcoming event.
The deal has been broken off despite the fact that it […]

HT Shares Hit Lowest Price Since Being Floated on the Zagreb Stock Exchange

Zagreb, February 5 (CP) — The Croatian Telecom (HT) shares ended up at 311 kuna per share at the Zagreb Stock Exchange, which is the lowest price of the share since it was floated on the market in October 2007.
The Crobex index has lost more than two percent in value and sank to the lowest […]

Government Issues 13.6 Bln Kuna Guarantees during 2007

Zagreb, February 4 (CP) – The government has issued a total of 13.6 billion kuna in guarantees during 2007, of which 8.3 billion was earmarked for the transport sector and 5.7 billion for the economy sector, mostly for shipyards, which received guarantees in the amount surpassing 4.6 billion kuna.
According to a report of the Finance […]

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