Croatia Business News

Dubrovnik-based Adriastar Company Takes over Management of Two Montenegrin Hotels

Zagreb, April 28 (CP) – The Dubrovnik-based Adriastar company has taken over management of two Montenegrin hotels in Kolasin: the Bjanka and Lipa hotels.
Adriastar has signed a contract on managing the hotels and organising the training of staff, the sale of the hotels’ capacities and promotion.
Adriastar has already signed a similar contract with the Queen […]

Dinamo Zagreb To Receive €25 Mln in Damages for Modric; Modric To Receive €3 Mln Annually

Zagreb, April 27 (CP) – The details of Dinamo Zagreb’s captain midfielder Luka Modric’s transfer are surfacing with Dinamo to receive €25 mln and Modric to enjoy a € 3 Mln annual pay.
Modric was sold to Tottenham on Friday and is already in the UK where he is undergoing rigorous medical checks.
It is interesting that […]

Croatian IGH Construction Company Captures €20 Million Contracts in Morocco

Zagreb, April 27 (CP) – The Civil Engineering Institute of Croatia (IGH) has closed several deals in Morocco totalling €20 million.
The IGH has captured deals that include the construction of a hotel and housing units, the overall investment standing at €1.5 billion.
The contracts are to be signed soon and IGH engineers have already toured the […]

Some 14 Passengers Taken off the Croatia Airlines Amsterdam-Zagreb Flight due to Flight Attendant’s Illness

Zagreb, April 26 (CP) – Some 14 passengers were taken off the Amsterdam-Zagreb Croatia Airlines flight on Saturday, after flight attendant falls ill and the remaining three flight attendants could only care for 150 passengers in line with the international flight regulations.
The plane setting off from the Amsterdam Schipol airport had to ensure that 14 […]

OIB or Protected Personal Number To Weed out Corruption in Croatia

Zagreb, April 24 (CP) — The Croatian government has adopted the protected personal number law and forwarded it to parliament.
The tax number or OIB will enable easier tracking of the citizen’s incomes, tax payments and real estate purchases.
The tax numbers will be awarded to citizens as of Jan. 1, 2008 and will not contain any […]

Purchase Half of a Croatian Island for $ 15.8 Million

Zagreb, April 24 (CP) – An ad has come out in Croatian papers for the sale of half of the Piskera island situated in the heart of the Kornati national park offered for $15.8 million kuna.
The 586,000 land plot on which there are two homes of 100 and 120 square meters lies right across the […]

HT Shares Value Drops to an all Time Low

Zagreb, April 23 (CP) — The HT shares at the Zagreb Stock Exchange have dropped to an all time low in value of 281 kuna.
HT gained in value on Monday, so the Tuesday’s decrease can be attributed to the pessimistic sentiment by investors.
Investors are still waiting for the payment of the dividend and on Monday […]

Croatia’s Undiscovered Corruption Worth about Six Billion Kuna

Zagreb, April 23 (CP) — Chief State Prosecutor Mladen Bajic said speaking at a gathering on Wednesday that the state institutions, with the exception of the Interior Ministry, are not effective in discovering corruption, something criticized by the European Commission.
It was stated that the functioning of institutions as one of the major determinants in fighting […]

Croatian Restaurant in Resort of Opatija Makes the 100 World Restaurants List

Zagreb, April 22 (CP) — The Opatija restaurant Plavi Podrum headed by Croatia’s best known sommelier Daniela Kramaric Tariba has made it onto the list of 100 world’s best restaurants.
Topping the list for the third year running is the El Bulli restaurant at Spain’s Costa Brava.

HT To Pay out 29.56 Kuna in Dividends per Share

Zagreb, April 22 (CP) – At the Croatian Telekom (HT) annual meeting it has been agreed that most of last years net profit of 2.42 billion kuna be paid out in dividends of 29.56 kuna per share on May 19.
Small shareholders will in line with this decision be receiving around 303,000 kuna, while owners of […]

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