Category: Business

F***up Nights is Back in Zagreb

FUNAfter the inaugural Zagreb Fuckup Nights, which was held in early September, the team at Impact Hub Zagreb is back and will be hosting Fuckup Nights Vol. II on October 9th at 7.30pm…

Fuckup Nights is a global movement that aims to accelerate the learning process while reaching people closer to actual cases of business failure. Since its inception in Mexico City, in each FuckUp Night three entrepreneurs present their failures using 10 images and 7 minutes. Since September 2012, hundreds of fuckupreneurs have told their stories of failure to thousands of attendees in more than 10 countries.

Meet the speakers for the event which will be held at Impact Hub’s Zagreb headquarters:

eArcp21Eli Mohamad
Croatian born, US-based entrepreneur; former management consultant and European Commission expert on innovation, with ample experience in designing and managing projects across a number of industries. He holds a MSc in Technology and Innovation Management from the University of Sussex, UK. Will be talking about his startup Walkmore.

Miroslav Wranka
Born in 1972. in Osijek, then Yugoslavia, now Croatia. Started working as a journalist in 1989., hasn’t stopped since. Freelancer since 2007., covering ICT and economic issues. Likes to create and play games. Miroslav will be sharing his experience with the newsletter viapositiva and why it no longer exists.

Antonio Separovic
CEO of Oradian, Antonio has a long history in marketing, brand-management, and sales. He has spent nearly a decade working for different software vendors in the financial inclusion arena. That experience drove Antonio’s ambition to empower financial institutions, enabling them to leverage their data and not be hindered by technology. His vision is “to make technology solutions that work for microfinance”. Antonio will be talking about his former startup called “Jet Control”.


Croatia Gets its First Bitcoin ATM Machine

BitcoinCroatia has got its first Bitcoin ATM machine. The first machine in the country was placed at History Caffe Club in downtown Zagreb last week…

The two-way Bitcoin ATM machine, which comes from Canadian company Bitaccess, allows patrons to both exchange the Croatian kuna currency for Bitcoins, and also exchange Bitcoins for cash. The machine, which is fairy simple to use, has created some interest from guests of the bar since its installation. The first Bitcoin ATM machine was installed in a coffee shop in Vancouver, Canada in October 2013. America got its first machine in February 2014, and since they have been popping up all over the world, and often in coffee shops.

Robocoin CEO Jordan Kelley demonstrates the world's first Bitcoin ATM

Robocoin CEO Jordan Kelley demonstrates the world’s first Bitcoin ATM

Interest in the virtual currency Bitcoin is relatively low in Croatia. Bitcoins, which have become popular because of their ability to be used to anonymously purchase anything on the Internet, can now be used as currency in Croatia in 15 places. Bitcoin is decentralized digital money and is the currency of the Internet and is distributed worldwide. Unlike traditional currencies such as dollars, Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoins. As such, it is more resistant to wild inflation and corrupt banks.

Croats Spending Less

CroatiaRetail trade is down on both a monthly and year-on-year level in Croatia, according to the latest data from the Central Bureau of Statistics…

Compared to July 2013, turn over at retail stores in was down in real terms by 2% (or 2.4% in nominal terms), the biggest drop since March last year. Retail trade was also down on a monthly level – in real terms by 1.7%, and nominally by 1.2%. In the first seven months of this year retail trade was down 0.8% compared with the same period last year.

“If adverse trends continue in the labour market, high consumer pessimism will continue to negatively contribute to personal consumption, therefore the assessment of stagnation in retail trade in 2014 remains,” analysts said.

Croatian Startup Excels at ‘Girls in Tech’ Competition in Paris

CroatiaMore fantastic news coming out of the Croatian startup community, with more international recognition for a local Croatian startup…

Croatian startup has finished as one of the top 5 finalists at the Lady Pitch Night Startup competition in Paris. Although they were not the eventual winners, it was nevertheless a good achievement for the girls and an excellent platform for the team to promote their product in front of potential investors.

Fojo is a unique free photo editor app with unlimited effects and presets. The art of developing analog photos from your smartphone is bought to life thanks to Vanda Voloder, Ilija Stjepić, Daniel Bakotić and Leo Gavranić’s startup. The app is available on the App Store.

Lady Pitch Night is a competition aimed at startups which have at least one women on the team.

H&M Revenues Pass €50 Million Mark This Year in Croatia

CroatiaSwedish multi-national clothing firm Hennes&Mauritz (H&M) have announced on Thursday that profits in the first 9 months of 2014 grew 19% from the same period last year…

Huge growth in online sales, and an expansion in their range have been instrumental the clothing brand said in its press release. In the 3-month period from 1 June until the end of August, profits totalled 764 million euros, which was 20% more than the same period last year. In the first 9 months of this year, total revenues were 11.7 billion euros.

In Croatia, where H&M operate 14 stores, revenues totalled just over 59 million euros in the first 9 months of the year, 10%, or 5 million euros more than the same period last year. In the 3-month period from June-August, revenues in Croatia totalled 21.7 million euros, 2 million euros more than the same period last year. H&M do business on 41 markets, with Croatia in 29th place in terms of size of total revenues. Croatia is one of the most recent markets H&M have begun operating in.

In August H&M opened its first online store in Spain, and have announced that it will expand its online business to around 10 markets next year.

Croats Fitness App Makes a Million in 25 Days

CroatiaIt might be in the Croatian kuna, but Croatian pair Nikola Mratinić and Luka Macner have made their first million – and in just 25 days – thanks to their innovative fitness application….

Mratinić and Macner have had some rapid success with their fitness application which they developed, which in a nutshell does the job of a personal trainer. Both recreational and professional sportspeople have gone crazy for the new app, writes Slobodna Dalmacija.

Madbarz is an application which, according to physical abilities entered on a profile, gives correct workout programmes, and includes an expert team which closely monitors training and results out in the open. Interest has been massive, with 150,000 monthly visits to the site, and over 45,000 customers on their wait list. After just 25 days the pair, from Split and Zagreb, attracted its first investment from a Hungarian investor for just over 1 million kuna (100,000 euros). Madbarz is currently valued now at just under 1 million euros.

MADE IN CROATIA: €12 Million Investment to Open 200 Jobs in Croatia’s North

CroatiaGerman shoe-maker HAIX is set to invest a further 12 million euros in its Croatia factory, opening up a number of new jobs in the process…

The Bavarian company, which specialises in workwear, forestry, leisure and sport shoes and safety shoes, already pumped in 8 million euros in their Mala Subotica factory in north-east Croatia back in 2009, and are set to invest another 12 million, bringing the total to 20 million euros. The Mala Subotica factory, which is one the world’s most modern shoe production facilities in Croatia, already employes around 600 people, and it looks set to rise.

Half of the 12 million euro new investment will go towards expanding the current factory from its current 6,000 square metres to 12,000 square metres, whilst the remaining 6 million euros will be spent on new equipment, writes daily Jutarnji list.

“I feel very good in Croatia, and I will invest 20 million euros here,” said HAIX CEO Ewald Haimerl.

When the new facility is running at its new capacity in January 2015, it will increase production from 3,500 to 6,000 pairs of shoes daily. The shoes with the ‘Made in Croatia’ label are distributed all around the world, and are worn by firemen in Hong Kong, Germany, France and by the British army. Around 200 new jobs are expected to be created thanks to the new investment.


Croatia Airlines Reduce European Ticket Prices to Celebrate 25th Birthday

Croatia1Croatia Airlines are to celebrate their 25th birthday by giving away 50,000 tickets to their European destinations at reduced prices…

Those purchasing tickets online between 24 – 28 September to Amsterdam, Vienna, Bruxelles, Frankfurt, Copenhagen, London, Munich, Paris, Pristina, Rome, Sarajevo, Skopje, and Zürich, will pay 125 euros return. The tickets must be used between 20 October 2014 and 28 March 2015 (not valid between 15.12.2014 – 11.1.2015). Ticket holders must use the return leg within one month of departure, and must depart from Zagreb, Split, Dubrovnik, Zadar, Pula or Osijek. For more details and terms and conditions on the deal you can visit Croatia Airlines website here.

New iPhone 6 on Sale in Croatia at Twice the Price

CroatiaApple have sold more than 10 million iPhone 6 and 6 Plus phones since they were released for sale on Friday, and that is even before the phones have become available in China…

Customers in Croatia have not had to wait too long to get their hands on one of the new phones, but they will have to pay through the nose for it if they want it before the major operators release it. The iPhone 6 with 16 GB, currently on sale at HG Spot in Croatia, will set back punters 8499 kuna (1,345 USD) in Croatia, with the same phone, without a contract, selling for 649 USD in America. The 64 GB model in Croatia is 1,000 kuna (170 USD) more expensive.

The iPhone 6 and 6 Plus launch has beaten last year’s launch of the new iPhone 5C and 5S, which reached 9 million in the first weekend.

“Sales for iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn’t be happier,” said Apple’s chief executive, Tim Cook.

Seaplanes to Fly to Rab from 1 October

CroatiaJust under one month ago history was created when the first commercial seaplane flight landed in Jelsa on the island of Hvar, after taking off from the city of Split just 13-minutes earlier…

Now according to a report on portal Total Hvar, European Coastal Airlines will commence a daily service from Split (Resnik) to the northern island of Rab on 1 October.

“Rab will be a key hub for the airline, which will soon be hooked up to Zagreb airport (a transfer of just 37 minutes) and Pula,” writes Total Hvar.

ECA’s seaplanes currently fly between Resnik and Jelsa four times a day, leaving Split at 9:00, 11:26, 14:52 and 17:18, and returning from Jelsa at 10:13, 12:39, 16:05 and 18:31. The seaplanes can carry up to 19 passengers. ECA also plan to connect all the major Croatian islands with the mainland, including Zadar, Zagreb, Dubrovnik and Italian cities such as Brindisi, Bari, Foggia, Ancona, Rimini, Ravenna, Bologna, Padova, Trst and Venice in the future. For more information you can visit ECA’s website here.