Croatia Business News

Former Rijecka Banka Chief Foreign Currency Trader Sentenced to 6.5 Years in Prison

Zagreb, April 18 (CP) – The ruling in the case of the former employees of Rijecka Banka bank accused of embezzling $96.2 million has been announced with the Bank’s chief foreign currency trader Eduard Nodilo being sentenced to 6.5 years in prison and the other five accused including the Bank’s director acquitted.
Nodilo will also have […]

Zagreb Stock Exchange: Crobex Rises Slightly; Some 33 Shares Blocked

Zagreb, April 17 (CP) – The Crobex Zagreb Stock Exchange index has continued its rise for the third day running by the afternoon it rose by 3 percent on Thursday.
Due to the increase in prices the trading of shares of some 30 firms was temporarily halted, apart from the Croatian Telecom (HT) shares the trade […]

World Bank Postpones Payment of €100 Million Loan to Croatia until June

Zagreb, April 16 (CP) – The World Bank (WB) has decided to postponed the payment of € 100 million in a loan to Croatia, as the country had failed to adopt the law on the introduction of a tax number.
The adoption of the law on tax number was planned for the start of April with […]

Crobex Index Recovers after Monday’s Sharp Drop

Zagreb, April 15 (CP) — The Zagreb Stock Exchange index Crobex has after a sharp fall it experienced on Monday recorded a growth of 2.53 percent with brisk trade with most liquid shares recording an increase in value.
Crobex ended the day at 3.347,26 points, its lowest level since mid-January of 2007.

Petrol Prices Increase in Croatia

Zagreb, April 15 (CP) — The price of petrol and Eurodiesel has gone up as of midnight at the INA petrol stations by 0.6 percent on average and the price of heating oil by 0.3 percent.
The price of diesel and blue diesel used by fishermen and farmers has remained unchanged.
The next change is to happen […]

German and Croatian Presidents Attend Business Forum in Zagreb

Zagreb, April 15 (CP) — Opening the Croatian-German economic forum on Tuesday morning in Zagreb, president Stjepan Mesic spoke of the traditionally good Croatian-German relations, the notion fully supported by his German counterpart Horst Koeller. Koeller said that corruption and incomplete reforms in the judiciary represent the main stumbling blocks to even better business relations […]

Nobody Interested in Purchasing Croatia’s Adriachem

Zagreb, April 14 (CP) — The Croatian Privatisation Fund (HFP) has not received single offer for the purchase of 81.67 percent of the Adriachem company from Kastel Sucurac prior to the expiration of the deadline for the offers to be put in.
This represented the fifth attempt at selling Adriachem and the third offered under special […]

Zagreb Stock Exchange Index Crobex Loses 5.9 Pct in Value, the Worst Drop in nearly Five Years

Zagreb, April 14 (CP) — The Zagreb Stock Exchange week began with a steep drop in the Crobex index and a high trade volume with some of the most liquid shares dropping to the lowest levels in a year.
Crobex value fell by 5.69 percent, the lowest since the start of January of last year, while […]

WizzAir Low-Cost Airline Suddenly Cancels Zagreb – London Flight, Leaving Passengers Stranded at Zagreb Airport

Zagreb, April 13 (CP) – The Hungarian-Bulgarian low-cost airline WizzAir has totally let its passengers down by suddenly cancelling its Zagreb to London flight and leaving the passengers to their own devices on Friday.
The ordeal the 150 passengers of the Zagreb Friday afternoon flight to London began after the flight was initially postponed for Saturday […]

IKEA Executive Director Announces Expansion into New Markets Including Croatia

Zagreb, April 10 (CP) – The executive director of the Swedish IKEA company Anders Dahlvig has told the British Times that IKEA was planning expnding to Croatia, Slovenia and the Ukraine in the coming years.
He said that the plans have been prompted by the slump in the US and British property markets, as well as […]

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