Category: Business

Croatia to be Presented at World Travel Market in London

LondonThe summer tourist season may have only just ended in Croatia, but the Tourism Ministry will start its international promotion next week in the United Kingdom…

Minister of Tourism Darko Lorencin, along with representatives from the Croatian Tourist Board, will present Croatia as a destination at the World Travel Market London 2014, which is held in England’s capital from 3-6 November. The large London fair, which features more than 5,000 exhibitors from more than 200 countries, is the first for Lorencin and the tourist board as they embark on a series of international fairs that will run through until next April.

Croatia continues to attract more and more tourists from the UK every year. In the first nine months of 2014 there were 413,500 British nationals who visited Croatia’s shores, up 10.% from the same period last year.

Croatia’s Leading Confectionery Company Kraš Sees Profits Grow Close to 70%

krasCroatia’s leading confectionery company Kraš, who earlier this month announced that they would start exporting products to South Korea and Japan, have seen profits soar in the first nine months of the year…

In the first nine months of 2014 Kraš Grupa recorded a net profit of 4.5 million kuna (590,000 euros), which is growth of 69% compared to the same period last year, said a report posted by the Zagreb Stock Exchange on Thursday.

Kraš, which was founded in 1911 and is second largest Croatian exporter of food, had total consolidated revenues of 666.4 million kuna (87 million euros) in the first nine months of the year, which was 414,000 kuna (55,000 euros) less than the same period last year. The company says that 2014 has seen the cost-cutting trend continue, with production costs shaved. This has coincided with an increase in exports. Nearly 50% of Kraš revenue is from foreign markets. The highest growth markets have been Saudi Arabia, USA, Canada and Australia. There has been 12% growth in the first nine months of this year to those markets.

Largest Baklava Factory in Europe Opens in Croatia

CroatiaThe largest baklava factory in Europe will open near Velika Gorica in Croatia on Thursday…

Minister of Entrepreneurship Gordan Maras and the UK Ambassador to Croatia David Slinn will officially open the Nu Bake factory in Lukavec near Velika Gorica this afternoon. The British company behind the new 1,000 square-metre factory, which is decked out with the latest machinery, have reportedly invested over half a million euros in the project.

Baklava is a rich, sweet pastry made of layers of filo filled with chopped nuts and sweetened and held together with syrup or honey. It is characteristic of the cuisines of the former Ottoman Empire, but is also found in Central and Southwest Asia.

[VIDEO] Help Lorena Land ‘Best Dive Job in the World’

Lorena Derežanin is currently Croatia’s only representative in the race to win “The Best Job Dive in the World”, an international competition organised by Blue Season Bali resort…

Blue Season Bali is hosting the third edition of “The Best Dive Job in the World”, and the 27-year-old Zagreb local is currently second in voting to land the dream job in Bali.

If Derežanin, who is a keen kick-boxer, snowboarder and surfer, wins then she will take away the Grand Prize, which includes all the necessary training to become a PADI Master Scuba Diver Trainer, standard accommodation while in training, a complete set of Aqua Lung gear, a Suunto D6 dive computer, a waterproof Intova HD camera, all the learning material needed to succeed, examination and registration fees, and a full-time work contract with Blue Season Bali.

Check out Lorena’s entry below and you can vote for her here

Mandarins Become Internet Hit

CroatiaMandarin growers in Croatia are struggling to keep up with demand after a company specialising in connecting food growers with buyers launched a new door-to-door service on the internet…

In just two days since the launch of the Facebook page ‘mandarins direct from the growers to your door for just 3 kuna a kilo’, more than 65,000 potential customers have shown interest. Orders have been flying in left, right and centre say the Medjimurje company Finoteka who are behind the idea.

“When people find out that they can get them straight from the grower to their home they are definitely interested. The second thing is the price is affordable for everyone, and lastly people want to help out the growers,” said Hrvoje Kolman from finoteka.com, adding that some growers have been struggling to keep up with demand.

“I get requests from growers to put them on the site and then get a call half an hour later asking if they can be removed and put back up tomorrow because they simply are not prepared, they don’t have enough boxes or can’t keep up with delivery. I also got a call from one grower who asked to be removed and put back on the site in the morning so he could get some sleep,” said Kolman.

Mandarines are produced in the south of the country, in the Neretva Valley in the Dubrovacko-Neretvanska County, between the cities of Metkovic and Opuzen with around 80,000 tonnes of first class mandarins produced every season.

Croatia Ranks 65th in World Bank’s “Ease of Doing Business” Report

CroatiaCroatia has jumped 89 places to be placed in 65th spot among 189 countries in the World Bank’s latest “Ease of Doing Business” report for 2015 released today…

The 12th annual report, which used new data and methodology in three areas: resolving insolvency, protecting minority investors, and getting credit, ranked Singapore as the economy with the most business-friendly regulatory environment. New Zealand, Hong Kong, China, Denmark, the Republic of Korea, Norway, the United States, the United Kingdom, Finland, and Australia made up the top 10.

“Doing Business is by and large about the efficiency of regulations – how fast, how cheap, how simple it is to get a transaction completed. But now we’re branching out to also measure the quality” of regulations,” said Doing Business Project Manager Rita Ramalho, who added that ‘it’s easier to do business this year than it was last year, than it was two years ago or 10 years ago.’

Despite Croatia’s massive jump, it still lags behind the region with Macedonia ranked in 30th place, Montenegro in 36th, Bulgaria 38th, Romania 48th, Slovenia 51st and Hungary 54th all ranked higher.

The 10 economies that improved the most since last year are Tajikistan, Benin, Togo, Côte d’Ivoire, Senegal, Trinidad and Tobago, the Democratic Republic of Congo, Azerbaijan, Ireland, and the United Arab Emirates.

Croatia’s Filming Location Attraction Growing Fast – €15 Million Spent in 2014

CroatiaTax incentives for film and TV productions in Croatia have been in place since 2012. In the first year they were introduced international productions spent around 25 million kuna (3.3 million euros), growing to around 50 million kuna (6.5 million euros) in the second year. This year that amount has grown to around 100 million kuna (13 million euros)…

TV series such as Game of Thrones, which is filmed in Dubrovnik, Split and Šibenik and has been Croatia’s biggest earner, have taken advantage of the 20% rebate system introduced by the Croatian Audiovisual Centre and the government two years ago. Among a host of other international productions which have been attracted to film in Croatia since the introduction of the rebate incentive include – Diana (filmed in Zagreb and Opatija), US series Dig (filmed in Split and Trogir), hit Swedish series Piratskatten hemlighet (Christmas in the Sun) (filmed on Brač), Danish film Itsi Bitsi, and Swedish-Croatian co-production Cure – Život druge.

Last week the European Audiovisual Observatory organised a presentation and round table in Brussels analysing the implementation and effects of state subsidies within eight selected countries. In addition to the Croatia, this analysis also included Belgium, Czech Republic, France, Hungary, Ireland, Italy and the United Kingdom. Croatia’s benefits have been obvious with considerable growth since its implementation in 2012, and demand is growing.

“Today, incentives are a necessary requirement to be a serious exporter of film services, but they alone are not enough. All of Europe, and even beyond, recognize the important role the Croatian Audiovisual Centre (HAVC) plays (and the state in this case) to create confidence within the international audiovisual community. This is evident by our recent results,” said Sanja Ravlić, who is a member of the Commission for Incentives at HAVC and Croatia’s representative for Eurimages.

PHOTO: Game of Thrones set / HAVC/Željko Tutnjević

Minister: ‘China Extremely Important for Croatian Tourism’

Croatia59Considering the large number of Chinese nationals that travel abroad, Croatia’s Minister of Tourism Darko Lorencin says that China is an extremely important market…

“There is enormous number of tourists who travel not just in the peak season,” Lorencin said in an interview with Xinhua, adding that the number of tourists in Croatia from China is on the rise.

To promote Croatia as an all year round destination, those in charge of tourism have organised a week-long tour of Croatia for Chinese travel agents, and Shao Yiheng from Chinese travel agency China Classical Holiday, is optimistic that Croatia can become a new hit destination among Chinese tourists.

The Dalmatian city of Split have recently entered into a partnership agreement with the south-east Chinese city of Hangzhou, where mutual exchanges between the two cities will help foster growth in tourism from China. Last year Split recorded 6% more tourists from China. Last year Chinese tourists spent 120 billion USD around the world.

Croatia Gets More Connected With New Warsaw-Zagreb Service

CroatiaPolish airline company Eurolot have announced that they will be introducing daily flights to Croatia….

EuroLOT will commence its Warsaw-Zagreb service on 26 October 2014, connecting the Polish and Croatian capitals on a daily basis for the first time. Until now connections were available from Poland to Zadar, Split and Dubrovnik only during the summer months, but now there will be a direct option to Zagreb. EuroLOT was established in 1996, and after the Polish state company restructured the airline received a much needed cash injection, which has led to the airline introducing more services such as the Zagreb route.

Dubrovnik to be First Airport in Croatia to get Jet Bridges

CroatiaIf you have flown into Croatia then you will be familiar with the short bus trip from the plane to the airport terminal building. One airport however will be able to offer passengers a different service later this year…

Dubrovnik airport will be the first airport in the country get a jet bridge, which will enable passengers to walk covered from the plane to the airport terminal building. In an upgrade project that will cost around 1.1 million euros, Dubrovnik airport will be home to two jet bridges by the end of this year, says Dubrovački Dnevnik. Work will start at the end of October.