Croatia Business News

Croatian Privatisation Fund Announces It would Put out Tenders for Imota and Adriachem

Zagreb, March 25 (CP) — The Croatian Privatisation Fund (HFP) has put out public tenders for the sale of 98.79 percent of Imota wine and grapes producer from Imotski and 81.67 percent of plastics producer Adriachem from Kastel Sucurac.
The tenders have been put out under special conditions with the starting price standing at one kuna.
The […]

Croatian Food Lables Harmonization with EU Discussed

Zagreb, March 25 (CP) — The Croatian Chamber of Commerce and the Ministry of Agriculture are organizing a meeting to discuss the latest proposal of how to regulate food labels and advertising.
Regulations that are currently in use were adopted in 2004 and had generally harmonized Croatian regulations with those of the European Union.
However, the EU […]

Some 64 tonnes of Quality Coal Meant for Bosnia-Hezegovina Is Shipped into the Ploce Port

Zagreb, March 24 (CP) – Some 64,000 tonnes of low-sulphur coal has been shipped into the Ploce port for B-H Steel metalworks from Bosnia-Herzegovina.
The shipment matches a quarters of the monthly traffic at the Ploce port.
During 2007, the Ploce port moved some 4.2 tonnes of goods, reaching record goods transport from the 80’s of the […]

Croatian Navy Purchases Two Second-hand Vessels for €6 Million

Zagreb, March 24 (CP) – The Croatian navy has spent €6 on the purchase of two Finnish corvettes built in the 1980’s.
The purchase was made as part of the ‘offset’ procurement program of 126 armoured vehicles also from Finland.
The vessels are to be handed over to Croatia in mid-July and already several Croatian navy officers […]

Croatia Looking at Paying up some €250 Million Damages in Lost Court Cases

Zagreb, March 23 (CP) – Due to disputed contracts from the past Croatia may be looking at paying some € 250 million in damages.
Over the years Croatia has had a number of disputes when contracts for certain services agreed were broken off and two court cases are to end any day now with Croatia possibly […]

HFP Announces Sales of KIM Dairy and Damages To Be Paid to Hypo Alpe Adria Bank

Zagreb, March 20 (CP) — After a 6 month break, the Croatian Privatization Fund held a meeting of its board of directors today, announcing a public tender for the purchase of just under 67% of shares in the Karlovac based dairy producer KIM.
The starting price given is 15.8 million kuna, 75% of the estimated value […]

Crobex Experiences Black Monday Dipping Lowest in its History

Zagreb, March 18 (CP) – The Zagreb Stock Exchange index Crobex has experienced a drop of 5.22 percent on Monday, as a result of a drop in prices on world markets.
This has been the lowest Crobex has ever been since the establishment of the Zagreb Stock Exchange.
Although the Bourse recorded good turnover of about 138 […]

Hungarian Mol and Croatian INA Planning To Jointly Purchase Albanian Amro

Zagreb, March 16 (CP) – Lajos Alacs the Mol executive vice president has confirmed that Mol would probably via INA or in cooperation with it join the race for the purchase of Albanian Amro. This was also confirmed by sources close to the INA oil company management.
Amro had already been offered for purchase several years […]

Osijek Linked with Cologne Twice a Week by Low-cost Germanwings Airline

Zagreb, March 15 (CP) – The first flight on the regular airlink between the eastern Croatian town of Osijek with Cologne in Germany, touched down at the local airport on Friday.
This is the first time in 17 years that Osijek has had an international flight connection.
The planes are to link the two cities twice a […]

Airlink To Be Established between Pula and Belgrade in Serbia after 27 Years on June 19

Zagreb, March 14 (CP) – A direct flight is to be introduced between the Croatian coastal town of Pula and the Serbian capital of Belgrade on June 19, for the first time in 27 years.
The deal was signed by Pula airport director Bruno Rogovic and JetAirways commercial director Ilija Todoric.
The two have expressed hope that […]

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