Category: Business

Who are the Highest Paid Public Sector Workers in Croatia?

CroatiaThe highest paid public sector worker in Croatia is a doctor in the capital Zagreb who has a gross salary of 67,000 kuna (8,800 euros) a month, revealed the country’s central payroll…

Doctors dominate the list, with 86 of them among the top 100 paid public sector workers in Croatia. Whilst doctors were hands down the top paid public sector profession, many say that the salary is pumped up as many are forced into working a lot of hours due to a lack of staff. The list also featured 5 judges, with the highest getting paid up to 40,000 kuna (5,240 euros) gross a month. There were also two employees of an agency that is responsible for the use of official aircrafts on the list, whatever that may entail.

Politicians and parliament figures were low down on the list, with the president of parliament in 45th spot, and the Prime Minister 94th.

Croatia to Receive 8.6 Million Euros in Natural Disaster Relief from EU

CroatiaCroatia will receive 8.6 million euros in aid from the EU for ice storms that effected the nation back in February…

EU Commissioner for Regional Policy, Johannes Hahn announced today that Croatia would receive aid as part of a 47 million euro package for nations that were hit by natural disasters at the end of 2013 and the start of this year. Italy, Greece and Slovenia will also granted aid to reimburse rescue costs during the disaster.

“These amounts are specific and targeted to help address the immediate and direct impact of natural disasters,” Hahn said.

Biggest Business Transaction in Croatian Tourism History

Croatia1The wealthy Chilean-Croatian Lukšić family have just purchased Istraturist Umag, which operates hotels, apartments and villas in Croatia, from Zagrebačka banka for 120.1 million euros, making it the largest tourism business deal in the country’s history, the Zagreb Stock Exchange reported on Tuesday…

Lukšić’s Plava Laguna company, based in Poreč, have now become 93.04% share holders in the Umag company. The purchase puts the Lukšić’s on top of the throne in the tourism sector in the country, with 45,000 beds (in accommodations), overtaking the Austrian-owned Valamar hotels which have 42,000 beds.

Plava Laguna's Davor Lukšić

Plava Laguna’s Davor Lukšić

“This deal represents a key event in the history of our group in Croatia. Twenty years after our first investment, we have confirmed a commitment to long-term investment in Croatian tourism,” said Plava Laguna’s Davor Lukšić, who described the negotiations, which have been ongoing for more than 8 months, as ‘challenging’.

The Lukšić’s will add 16 hotels, villas and apartments to their current portfolio with the purchase of Istraturist. The Lukšić family, who settled in Chile, have mining, brewing and banking interests around the world. Luksic’s Croatian operation is run by Davor Lukšić, the 30-year-old grandson of the Lukšić empire creator Andronico Lukšić.

Popular Polish Fashion House to Open 17 Stores in Croatia

ReservedPoland’s leading fashion house LPP, whose brands include Reserved, CroppTown, Reserved Kids, House, MOHITO and Sinsay, are set to expand onto the Croatian market…

The Gdansk-based company, which has more than 1,300 stores in Poland and abroad and turned over more than 1 billion euros last year, will open its first store in Croatia at Zagreb’s Arena mall. The 4,000m2 shop will offer five of LPP’s brands, and according to the company’s Croatian representative Ana Babić, LPP have big plans in the country.

“LPP for the last few years have expanded onto new markets, a new store has opened in Germany, and LPP is moving onto the Qatar market also, where we can only operate via a franchise model,” Babić told daily Jutarnji list.

LPP expects to open 17 stores in Croatia, employing around 300 people in the process by the end of next year. They also plan to open 15 stores in Serbia and by the end of 2017 have 15 stores in Slovenia and 9 in Bosnia and Herzegovina.

Twitter Advertising Now Available in Croatia

CroatiaAs of today Croatian companies can now advertise on popular social network Twitter…

Twitter announced on Tuesday that Twitter Ads has expanded on to 12 new markets, including Croatia.

“Today, we’re excited to announce the expansion of Twitter Ads to 12 additional markets in Central and Eastern Europe, and in Portugal. Our new markets include: Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Macedonia, Romania, Serbia, Slovenia, Switzerland, Ukraine and Portugal”, said Twitter, which has over 270 million users worldwide.

Croatian businesses can now access Twitter’s marketing products such as promoted video adverts and promotional mobile applications.

“There has been tremendous growth in this region over the last year, and Twitter Ads will now be available in 35 EMEA (Europe, Middle East and Africa) markets through direct sales support teams and reseller partnerships. We’ve heard positive feedback from brands around the world about how our recent product developments have helped accomplish goals like driving engagement or direct-response actions like website traffic, video views, leads and sales,”.

Rab Island Likely to be Home to Croatia’s 10th Airport

Croatia1Authorities in Croatia are set to give the green light next month for the construction of the nations 10th commercial airport…

The honour of becoming the 10th commercial airport looks like it will go to the northern island of Rab. Years of research, feasibility and environmental impact studies which have cost close to 1 million euros, have resulted in authorities likely to approve the island as the home of a 1,700 metre-long runway airport which will handle commercial (150 seaters) and cargo flights. The airport, which estimates will handle around 200,000 passengers a year, will also see a pilots training facility built also on site.

The official sign-off is set to be done in September, reports Ex-Yu Aviation News, with the project costing around 60 million euros.

Discovery Channel and TLC to Allow Croatian Business to Advertise

Discovery ChannelCroatian businesses will now be able to advertise their products on popular channels TLC and the Discovery Channel…

“Discovery Channel and TLC are known favourite channels in Croatia. The launch of selling advertising space represents an important advance in showing our commitment to the market, and to ensure unbeatable quality content for both the male and female audiences of our advertisers. This is a significant step in our development in Croatia, and also a sign that we recognize the growth opportunities of the local advertising market,” said Dorota Zurkowska-Bytner, Discovery Networks CEEMEA’s Ad Sales Development Vice President.

By enabling advertising sales, Discovery Networks CEEMEA are expanding its operations in Croatia, where it has been present since 1999 and currently distributes 8 channels: Discovery Channel, TLC, Animal Planet, ID: Investigation Discovery, Discovery Science, Discovery World, Discovery HD Showcase and Animal Planet HD. Discovery Networks CEEMEA will start by selling advertising space on its two leading channels, Discovery Channel and TLC.

Croatian Passports for Sale to Investors?

CroatiaThe current ruling Croatian government are toying with the idea of selling Croatian citizenship to investors, reports RTL television…

Along with more tax reforms, the government is seriously considering selling citizenship to investors who have serious intentions in Croatia. The concept is not a new one, in Malta citizenship and a passport will cost you 1.5 million euros. For less the Hungarian government will give you official residency status, whilst in Canada and Hong Kong the practice of selling citizenship has been going on for a while. The current Croatian government have struggled to attract serious investors since coming to power in 2011, and the new measure might be met with firm resistance both at home in Croatia and in Brussels as a Croatian passport now means a EU passport. The government would not confirm RTL’s story.

2,500 Shoppers in Under 2 Hours as IKEA Opens First Croatia Store

CroatiaThe first IKEA retail store in Croatia opened its doors in the capital Zagreb today at 10:00am…

Five years after purchasing land in Rugavica, east of Zagreb, IKEA’s 100 million euro investment was finally realised on Thursday in Croatia. Croatia’s President Ivo Josipović, IKEA’s V.P Martin Hansson, Sweden’s Ambassador to Croatia Lars Schmidt, IKEA’s Director in Croatia Dragan Kalušević and Zagreb store manager Georg Platzer were all present to officially open the store this morning.

“This is an important day because it is one of the most important and largest investments in Croatia. I hope that Croatian products can find their way onto the IKEA shelves in Croatia and globally,” Josipović said.

More than 2,500 shoppers strolled through the store in just over an hour an a half since the doors opened. IKEA has employed 349 people, with more jobs expected to be opened up. Earlier this week IKEA said that more stores in Croatia, namely in Split and Rijeka, were possible in the future. (pic: Facebook)

Wine-Pressed Cheese Helps Croatian Family to Anthoer World Title

CroatiaA Croatian cheese from the island of Pag has won another world title, when it was named the best cheese in the world in the hard sheep’s milk cheeses category at the International Cheese Awards held in Nantwich, England recently…

Sirana Gligora Paški sir, which won a best cheese title at the 2014 World Championship Cheese in Wisconsin, USA in March this year, beat off all the competition to again claim the honour of producing the best hard sheep’s milk cheese. A total of 4,443 entries from 26 countries were in Nantwich, England at the end of July for what was the 118th edition, and biggest, International Cheese Awards in its history.

“When we recently won a world title with our new cheese with pressed olives, I said that we will be world champions with the cheese that we had produced two years earlier, the wine pressed cheese. Some said that I was a little arrogant, but I have 40 years experience ,” said director of the Pag family business Šime Gligora, who again proved to be correct.

“My father used to put cheese in grape juice to soften it and make it last longer. Before you could not age cheese in controlled conditions so they put cheese in grapes juice. It leaves a nice wine taste and we have kept that tradition,” son Ivan Gligora told Poslovni dnevnik, adding that they produce around 60 tonnes of each cheese, which sells for over 30 euros a kilogram.