Almost all media in Croatia carry the HINA report today that The High Commercial Court in Zagreb decided on 05 April to grant appeals by Franck and nine other domestic and international creditors, and annul the decision of the Basic Commercial Court in Zagreb on formation of the Board of Creditors. This decision was made public on 27 April, 2018, just before the long holiday weekend. […]

02.05.2018 Read More

In its regular Thursday session, the Government adopted the new National Program of Reforms for 2018, and a Convergence Plan for the next three years. The plan stresses three key areas: strengthening competitiveness, linking education and the labor market, and sustainability of public finances. The Program and the Plan need to be sent to the European Commission by the end of April. […]

27.04.2018 Read More

The European Commission issued its regular report on Croatia this week. The report lists some limited improvements in implementation of some of the Commission’s recommendations from last year, but says structural reforms are lagging behind. The report analyzes economic and social situation in the member states, and assesses possible imbalances. […]

09.03.2018 Read More

The Croatian Agency for Financial Services Oversight HANFA ordered the ZSE yesterday to immediately cease all trading with eight listed Agrokor companies, including Ledo, Belje, PIK Vinkovci, Tisak, Vupik, Zvijezda, Žitnjak and Jamnica, in order to protect the investors and ensure orderly trading, reported the N1. […]

02.03.2018 Read More

The State Statistical Bureau is expected to publish today its initial estimates of the GDP for the last quarter of 2017. Most economists that spoke to the press over the past several days expect the growth to slow down below the 3% on the annual level. […]

28.02.2018 Read More

The European Commission stands by its expectation that the Croatian GDP will grow by 2.8% in 2018, same as three months ago. The EC sees personal consumption as the main motor of growth, and Agrokor restructuring as the biggest individual threat.
As for last year, the Commission still believes Croatian GDP grew by 3.2%, the same as it forecasted last autumn. The Statistical Institute is expected to publish the final 2017 numbers by the end of this month. Data for the first three quarters of 2017 show around 3% growth. After the recent corrections indicated the GDP growth in 2016 to be around 3.2%, the EC believes that the same rate of growth will continue in 2017 since the economic activity was intensive in the first three quarters of last year. […]

07.02.2018 Read More

According to Eurostat’s data, Croatia, Ireland and Denmark have seen the biggest October growth of industrial production in the EU. Ireland did best, with monthly growth of 10.6%, followed by Denmark, with 2.8% and Croatia with 2.7%. This is almost two times the 1.4% growth recorded in September. […]

19.12.2017 Read More

The first edition of FT’s Global tourism locations of the future 2017/2018 ranks Croatia as seventh on the list of destinations with biggest tourism investment potential. Croatia was also granted the Editor’s Choice Award among 43 destinations, as a country with most progress in improving tourism infrastructure, hotels, tourism development initiatives and cruising. […]

11.12.2017 Read More

The Government announced that it intends to raise the minimum wage by 5%, raising it to 43% of the average salary. This means that the minimum wage will go from Kn 3,276 to Kn 3,440. Expectedly, neither the unions nor the employers are happy with the decision. The unions want the minimum wage to be 45% of the average salary, or Kn 3,620, and the employers are warning that this increase might endanger sectors such as textile industry, where companies are barely maintaining profitability. […]

05.12.2017 Read More

City of Zagreb was ordered by the Commissioner for Information, Ms Anamarija Musa, to surrender to public complete information on payments to attorneys and legal offices in the period from 2012 – 2016.
But it seems that the City complained to the High Administrative Court against her decision. […]

05.12.2017 Read More