Category: Business

McDonald’s to Open First Restaurant in Zadar

CroatiaGlobal fast food chain McDonald’s are to open a restaurant for the first time in the Dalmatian city of Zadar…

The famous ‘Golden Arches’ restaurant will be situated at the city’s main train station, with preparations on site currently under way, reports Zadarski. The Gavrilović-family owned business, who own the McDonald’s franchise for Croatia, would not comment when asked about the Zadar restaurant, but the daily claims they have it from a number of sources that the restaurant is on its way to the popular tourist city. The first McDonald’s restaurant opened in Croatia in the capital Zagreb in 1996, and now there are McDonald’s restaurants in 20 locations around the country.

Croatian Champions Dinamo Zagreb Plan to Privatise

Croatia9-time consecutive Croatian domestic football champions GNK Dinamo (Dinamo Zagreb) are set to search for a private owner…

The ‘citizens’ football club’ will engage a number of experts and begin the preliminary phase of the privatisation project after the board made a decision on Monday night to investigate the possibility of privatising the Maksimir club.

“We have to privatise as there is no other way out. We have to survive, without fresh capital machinery stalls. We can not accept the fact that we are vegetating,” club President Mirko Barišić told daily Sportske novosti, adding that the club will need to adhere to privatisation laws in Croatia, but that in 12 months time a new model will be in place at the club.

After the initial preparation phase is complete, the club will evaluate its market value and begin the search for private investors. Founded in 1945, Dinamo is legally a citizens’ association which receives public funding.

Croatia’s Tax Politics Killing Investment and Motivation to Work

CroatiaThe World Economic Forum (WEF) released its annual Global Competitiveness study recently, ranking Croatia in 77th spot out of 144 countries, but the effects of extremely high taxes and contributions in the country makes the situation a lot bleaker in reality. As a result of tax policies the nation languishes in 142nd place out of 144 when it comes to desired investment destinations and motivation to work, reports portal Index.hr

Absurdly low wages, coupled with massive tax and contribution burdens puts Croatia only just above Argentina and Italy as desired investment destinations. On a scale of 1-7, with 1 being the least motivating score for investment, Croatia sits at 142nd on the list of 144 countries, with a rating of 2.1. Investors are only more unmotivated to invest in Italy (2.0) and Argentina (2.0).

Bahrain tops the list (6.5), followed by the United Arab Emirates (6.3), Qatar (6.2) and Singapore (5.9). Of the countries in the region, Macedonia is the best placed (19th) with a rating of 4.5. Montenegro (4.0) is the next most attractive destination for investors in the region. The UK is in 25th spot, Malta 27th and Sweden 28th with a rating of 4.3, whilst the US and Germany are 34th and 36th respectively with a score of 4.1. Japan (71st) and Australia (74) had a rating of 3.7.

With wages so low in Croatia, and for the government only to take a good chunk of it in taxes, the motivation to work in Croatia is very low – placing it in 142nd place with a ranking of 2.2. Again only ahead of Argentina and Italy. Bahrain and Qatar (6.3) and the UAE (6.2) again topped the list of nations where motivation to work was the highest.

Croatia has one of the highest levels of personal tax rates in Europe, according to an annual report of personal tax and social security rates covering more than 114 countries by KPMG. Croatia, with an aggregate rate of 46.3 percent for income and complimentary tax, is third in Europe, behind Belgium and Greece. Italy and Germany were below Croatia in 4th and 5th place respectively, while neighbours Bosnia and Herzegovina were 19th, according to KPMG’s annual survey titled Individual Income Tax and Social Security Rate 2012.

Croatia Airlines Celebrates 25th Anniversary in Zagreb Last Night

CroatiaGovernment-owned national airline and flag carrier of the Republic of Croatia – Croatia Airlines – last night celebrated its 25th anniversary in the capital Zagreb…

Croatia Airlines CEO Krešimir Kučko said in front of a number of invited guests at Gradska Kavana on Zagreb’s main square, including Prime Minister Zoran Milanović, that Croatia Airlines over the last quarter of a century has grown into a regional leader and company with the highest level of flight safety. Kučko added that the company was successfully restructured, which has produced positive business results in 2013.

Croatia1Croatia Airlines was established on 7 August 1989, initially trading with the name Zagal (formally, Zagreb Airlines), and started operations using a single Cessna 402 aircraft on cargo services for UPS. After the first democratic elections held in Croatia, Zagal changed its name to Croatia Airlines on 23 July 1990 and made its first passenger service on 5 May 1991 when it flew from the capital Zagreb to Spit. One year later on 5 April 1992 Croatia Airlines made its first international passenger flight from Zagreb to Frankfurt in Germany. Since then the company has flown over 469,000 commercial flights, transporting more than 29 million passengers.

Croatia Airlines Connects Mostar and Beirut

CroatiaCroatia’s national carrier Croatia Airlines has of last week introduced a charter service connecting Mostar in Bosnia and Herzegovina with the capital and largest city of Lebanon, Beirut…

The initiator of the project was a Lebanon agency involved in organising pilgrims from Lebanon to Međugorje in Bosnia and Herzegovina. The line is a rare one for Croatia Airlines, as they do not traditionally fly between international destinations which do not include Croatia. The Airbus A319 flights will operate once a week on a Tuesday.

Sign Up for the First Entrepreneur’s “Matchmaking” Startup Mixer in Zagreb

CroatiaCalling start-ups, entrepreneurs and all other individuals interested in the startup world…

Are you wondering who is starting a company out there? Are you a freelancer? Or maybe looking for a start-up project to join? Have one-on-one interesting encounters, with a simple but efficient method. Join us at the first entrepreneur’s “matchmaking” Startup Mixer event in a relaxed environment.

The aim of this event is to pair (want)entrepreneurs, startups, freelancers, creatives and companies interest by using short but efficient methodologies at the right and adequate space. The event consists of short modules: the check in, the speed- dating (1.5 min to pitch who they are, what they do and what they are looking for) and, the open mingling to continue networking.

Startup Mixer is targeting wantrepreneurs, entrepreneurs, startup interested people, startups seeking employees, creative people, designers (fashion/graphic), IT people, freelancers (looking to support entrepreneurs), ideation people, cake bakers, arts and media, DIY-makers and in general everyone that wants to increase the collaboration among startups and startup related activities.

mixer
Mixer: After the sessions, relax and enjoy the companion of your entrepreneurial colleagues with some drinks and snacks.

To sweeten the deal, participants of the Startup Mixer get a 50% discount on printing business cards at our partner ArsKopija. Codes can be redeemed after ticket purchase.

Amount of participants: Maximum of 36 people.
Callers of StartUp Mixer: Impact Hub Zagreb, event organizer: Ana Kolarević
Date: 25.09.2014
Place: Impact Hub Zagreb, Vlaška 70E, Zagreb
Hour: 17:30- 19.30
Pricing:
25 .- HRK for students
40.- HRK for startups
125.- HRK for companies

Facebook page: https://www.facebook.com/pages/Startup-Mixer-Zagreb/1457481494509426

Tickets: https://www.entrio.hr/event/startupmixer-impacthub-zagreb-1701

Ticket sales start 15.09.2014, 8am

Hub

Croatian Shipyard Wins Big U.S Navy Repair Contract

CroatiaA shipyard in the Croatian port town of Rijeka has been awarded a contract to repair a U.S. Navy ship…

The Viktor Lenac shipyard was awarded a $21,383,394 firm-fixed-price contract for a 179-day Extended Service Life Programme, dry docking and ship repair of USS Mount Whitney, reports Marine Log.

The USS Mount Whitney (LCC/JCC 20) is a Blue Ridge class command ship of the US Navy and is the flagship of the Sixth Fleet. She is also the command and control ship for the Commander Joint Command Lisbon and the Commander Striking Force NATO and is homeported in Gaeta, Italy. The contract includes options which, if exercised, would bring the total contract value to $29,674,806. Work will be performed in Rijeka, Croatia, and is expected to be completed by July 2015.

Croatia Most Represented Foreign Exhibitors at Eurasia’s Largest IT Fair

CroatiaA total of 29 local IT companies from Croatia have joined forces to present at one of the most important IT fairs in Eurasia, the biggest joint project in the Croatian IT industry history...

CeBIT Bilisim started today in Istanbul, with the Croatian IT industry well represented.

“Options for the penetration of Croatian companies on markets in the East are exceptional. This region invests heavily in new technology, has a strong public sector and we see an opportunity to export products and services from local ICT companies,” said Tomislav Bronzin, Vice President of the ICT Association of the Chamber of Commerce.

The Turkish ICT industry expects some impressive growth and reach 160 billion dollars by 2023.

“We are proud that Croatia this year are the largest foreign exhibitors at CeBIT, and next year we would love to be a partner country” Bronzin added.

The Croatian companies in Istanbul are: Citus, CROZ, Ekobit, Ericsson Nikola Tesla, GDi, HR pro, HSM-INFORMATIKA, Implementacija snova, IN2, Infosistem, Infosit, IT sistemi-nove tehnologije, Login, Megatrend poslovna rješenja, Mrežne tehnologije Verso, Multicom, Neos, Netgen, Omega software, Perpetuum mobile, Poslovna inteligencija, Projektura, Senso IS, SPAN, STORM grupa, Studio djetelina, Tesla, VAMS tec and Webteh.

CeBIT Bilişim Eurasia is the largest fair in the region which will run until 14 September. Last year more than 130,000 visitors from 93 countries visited the fair which saw 1,023 exhibitors from 18 countries present their products.

Busiest Month in Zagreb Airport History

CroatiaThe month of August has seen the most number of passengers in a calendar month passing through Zagreb international airport in its entire history…

There were 269,500 passengers through the airport in August, 10% more than what was recorded in August 2013, and creating a record in the process. According to a statement from the airport today, the positive trend has continued into September, with the first 10 days seeing 7% more travellers more than the same period last year. The boom in Zagreb as a tourist destination with over double-digit growth over the last couple of years has coincided with good results for the international airport.

A number of carriers have increased their Zagreb services. From May 2 Vueling again operated direct flights to Barcelona from Zagreb three times a week, whilst from 26 June direct fights to Rome twice a week were introduced. Turkish Airlines increased their services to Istanbul to two flights a day, everyday of the week. KLM returned after 22 years to Zagreb and introduced direct flights to Amsterdam whilst Air Europa and Air Nostrum began chartered flights to Spain.

Qatar Airways have announced from 1 October that they will fly three times a week direct to Doha, without stopping in Budapest. Korean Air will also add four extra services and charter flights from Tel Aviv also began this summer.

Government’s Industrial Strategy Aims to Create 85,000 Jobs

CroatiaCroatia’s Minister of Economy Ivan Vrdoljak has presented the government’s industrial strategy till 2020 on Thursday, which he says will create around 85,000 new jobs and kick-start the economy…

The Industrial Strategy identifies key industrial activities that will have the greatest growth capacity, development and employment. According to the Government, those include: production of basic pharmaceutical products; manufacturing of computer, electronic and optical products; manufacturing of fabricated metal products; Computer programming, consultancy and related activities (ICT); production of electrical equipment and production of machinery and equipment.

“This document clearly defines which direction the industry should go in the next few years. We will work towards growth, development and employment,”said Vrdoljak, adding that average growth rate of 2.85% was the aim, with 85,619 new jobs created by the end of 2020, with 30% of those highly skilled jobs.

“Serious business in all departments is ahead of us in order to accomplish these goals. The document has 330 pages of analysis, and now implementation is ahead of us,”Vrdoljak said before thanking his fellow ministers.