Croatia Business News

Visit Zagreb for the Boring Time of your Life According to TripAdvisor

Zagreb, March 13 (CP) – Zagreb is among the most boring cities in Europe, claims a British survey published on Wednesday.
In a Trip Advisor poll surveying more than 1,100 travellers Zagreb has come up only in the most boring European destinations category.
Brussels has been picked as the most boring city in Europe, but right behind […]

Croatian Democratic Union (HDZ) Displeased with Central Bank Report

Zagreb, March 12 (CP) — The first half 2007report of the central bank (HNB) was criticised by HDZ during the report being presented in parliament on Wednesday.
The HNB and the government have been squabbling and accusing each other over the increase in prices, the measures of monetary and fiscal policies for curbing inflation.
The HDZ parliamentary […]

Croatian Radio Television HRT – Most Valuable Croatian Brand

Zagreb, March 11 (CP) — The European Brand Institute from Vienna has awarded the most valuable brand award in Croatia to Croatian Radio Television (HRT).
The value of the HRT brand has been put at €126 million.
According to the survey on the value of brands Eurobrand 2007, the total value of the 10 leading Croatia brands […]

Greek MIG Company Signs up for First Investment in Croatia

Zagreb, March 7 (CP) – Croatian Sunce Koncern and an international investment group Marfin Investment Group-MIG headquartered in Greece have signed an agreement on MIG purchasing 75 percent of the Sunce Koncern shares for €155 million.
Sunce operates and is the owner of 11 hotels on the Croatian coast and is also the owner of a land plot […]

Sunday Trade Ban Proposal Forwarded to Parliament

Zagreb, March 6 (CP) — The latest proposal by the government on banning Sunday trade has been forwarded to parliament.
Under the proposal all shops would be shut on Sundays and all holidays with the exception of summer months and December and would be open between 6am and 9 pm on working days.
The ban will be […]

Croatian Parliament Adopts 119.4 Billion Kuna 2008 State Budget

Zagreb, March 6 (CP) – The parliament adopted the 2008 state budget on Wednesday evening totalling 119.4 billion kuna.
The budget debate took all day with most of the amendments rejected.
The government is claiming the budget is geared towards competitiveness of the Croatian economy with central state revenue of 115.6 billion kuna expected and expenses standing […]

IMF: Reform Efforts Need To Be Accelerated

Zagreb, March 4 (CP) — The International Monetary Fund (IMF) mission head in Croatia Robert Feldman has said that although Croatia had made certain progress over the past year, it will be hard to reach the planned economic growth rate of six percent in the coming years.
IMF is expecting Croatia’s economic growth for this year […]

Croatia’s Foreign Debt Standing at €32.9 Billion

Zagreb, March 4 (CP) — Croatia’s foreign debt has grown by €3.7 billion during 2007 and stood at €32.9 billion at the end of 2007, reports the central bank (HNB).
The annual growth has been slowed down from 13.7 percent in 2006 to 12.5 percent in 2007. Also, the structure of foreign debt has changed, as […]

Zagreb Stock Exchange: Crobex Drops 5.9 Pct in February, Turnover Drops 41 Pct

Zagreb, March 3 (CP) – The Zagreb Stock Exchange index, Crobex, has ended February with a 5.9 percent drop, brining the total loss since the start of 2008 to more than 19 percent.
The January drop in value totalled 14 percent.
The more moderate drop in February was accompanied by a considerably lower liquidity of the market, […]

Food Giant Podravka’s Takeover by Nestle Denied

Zagreb, March 3 (CP) — In response to media speculation that the Swiss packaged food multinational Nestle intends to take over the Podravka company in Croatia, Podravka’s CEO, Darko Marinac has stated that Podravka is neither negotiating nor assisting any investors in the purchase of stock, nor does it have the authority to do so.
Marinac […]

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