Croatia Business News

Dubrovnik Inundated by Visitors, as Four Mega Cruisers Sail in

Zagreb, June 7 (CP) – The ancient port of Dubrovnik in Croatia’s southern coast has been swarmed by as many as 12,000 guests travelling on four mega cruisers that had sailed into its port.
The cruisers MSC Musica, Zenith, Costa Serena and Emerald Princess all came in so that extra policemen had to be called in […]

Croatia’s Second Largest Mobile Phone Operator VIP Experiences Breakdown

Zagreb, June 3 (CP) – As of Tuesday morning some customers of VIP mobile operator were unable to make calls or send text messages, this causing serious problems.
The problems occurred following the overnight service upgrade.
Allegedly, Vipnet experts are working on rectifying the problem and a machine is available at the customer service phone explaining the […]

Croatia’s INA Oil Company Shares’ Prices Increase as Austrian OMV Shows Interest in Purchasing Shares

Zagreb, June 3 (CP) — The news of the Hungarian MOL and Austrian OMV being interested in purchasing INA oil company shares, the price of the INA and HT shares had increased on the Zagreb Stock Exchange by 6.95 and 3.52 percent, respectively.
There is speculation that OMV might offer a cash payment.
The government is planning […]

Croatian Agrokor Purchases Montenegrin Stampa Company

Zagreb, June 2 (CP) — The Croatian Agrokor concern has   purchased some 87.4 percent of the shares od Podgorica’s Stampa company paying €1.05 million.
The move makes Agrokor the majority owner of Stampa.
The news of the purchase sent Stampa shares at the Montenegrin Stock Exchange soarding.
 
 

Some 60 Percent of Croatian Hotels Not Making a Profit

Zagreb, May 30 (CP) – According to research done using data provided by 100 Croatian hotels ranging between three and five stars and which account for 40 percent of the Croatian hotel business has shown that only 40 percent of Croatian hotels operate with a profit.
Once all the business costs are squared not even the […]

Croatian Government May Decide To Exchange 14 Percent of INA Shares for those of Hungarian MOL

Zagreb, May 29 (CP) – There are indications, writes Zagreb’s Jutarnji List daily that the Croatian government is thinking of exchanging some 14 percent of INA oil company shares from its portfolio with Hungarian MOL’s shares.
This will allow MOL control of more than 40 percent of INA shares.
The agreement on this is to be worked […]

Electricity Prices in Croatia To Soar as of July 1, Petrol Prices up again

Zagreb, May 27 (CP) — The Croatian Electric Company, HEP, has announced that it will be raising the price of electricity from July the 1st. HEP is waiting for the government to determine later this week new electricity costs, however, an increase of 10 to 20% is expected.
In the meantime, the price of petrol has […]

Croatian Tycoon Ivica Todoric Is Seventh on the List of the World’s Wealthiest Men

Zagreb, May 23 (CP) – Croatian tycoon Ivica Todoric, who owns almost all business in Croatia has made it onto the list of the wealthiest men in the world and is currently no. 7.
Only six people in the world are better off than the Croatian tycoon and they are the Ikea owner Ingvar Kamprad, Mexican […]

Darko Marinac Leaving Position of Podravka Food Concern CEO

Zagreb, May 20 (CP) – The Podravka Concern CEO Darko Marinac is to step down from his positions after eight years, claim unofficial sources.
The news comes as a surprise as there was no indication of such a move and Marinac always maintained he would complete his mandate, which expires in 2010.
Marinac was supported by both […]

Croatia Airlines Introduces New Airplane into Its Fleet; Two of Its Planes Suffer Malfunctions on Sunday

Zagreb, May 20 (CP) — Croatian national carrier Croatia Airlines has added a new plane to its fleet on Monday after two of its planes suffered technical problems on Monday.
Croatia Airlines has added a new Dash-8 Q400 to its fleet, which is to gradually replace the ATR-42 planes it currently uses.
A total of four planes […]

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