Home » Business » PayPal Packing Up From Croatia

PayPal Packing Up From Croatia

eBay owned online money transfer company PayPal, are to close their Croatia operation at the end of this month, despite having a successful 2012, turning over more than USD1M.

PayPal have been in Croatia for only one and a half years, and the closure will see 17 computer programmers lose their jobs, however it has been reported that they have been offered positions in the company in the USA. Up until the announcement the company had talked about expansion plans in Croatia, growing its staff to up to 200.

PayPal are pulling out of Croatia because of security of its investment and business standards which meant that if PayPal were to continue to operate in Croatia then they would have to employ at least another 30 people and the risk was too high say the company.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Jadrolinija Building New €50 Million Ship

Croatia’s largest ferry company, Jadrolinija, are to build a new ship worth 50 million euros which will connect the country’s outlying islands with the mainland, Jadrolinija has confirmed. The new ship will weigh 10,000 tonnes, will be 120 metres long and will have a capacity of 220 vehicles and 1,500 passengers. The ship will also...

TUI Eyeing Brač Airport Base

Multinational travel and tourism company TUI Group, who have their headquarters in Hanover, Germany, are set to open an airline base on Croatia’s Dalmatian coast at Brač Airport next year. “TUI will have a small base in Brač. This is a logical step because of the situation in Africa and Turkey, as well as Croatia’s...

[PHOTOS] New One Suite Hotel Opening in Dubrovnik in Summer

A new hotel is set to open near Dubrovnik this summer. One Suite Hotel, which will open its doors in June 2017, is located in Srebreno, half way between the Old City of Dubrovnik and Dubrovnik Airport in Čilipi. Architect and urban planning studio 3LHD Architects are behind the new development in Srebreno. “The building...

World’s First Mobile Hostel Unveiled in Osijek

A Croatian firm out of the eastern city of Osijek has presented for the first time what is the world’s first mobile hostel. The Nearby Hostel was on site this weekend for the first time at the Pannonian Challenge extreme sports event in Osijek. The mobile hostel, which is the creation of Ivan Malić, Mihovil...

Croatia Airlines Strike Action Cancelled

Good news for travellers using Croatia Airlines next week as planned strike action has been cancelled, the company announced on Thursday. The Union representing pilots, flight attendants, and avio mechanics announced strike action on 8 August 2017 at 6 am after contract negotiations broke down. Croatia Airlines said that industrial action would cause partial traffic...

Croatian Shipyard Becoming Tourist Attraction

Tourists visiting the Dalmatian city of Split will tick off the popular attractions like Diocletian’s Palace, Cathedral of Saint Domnius, Marjan and of course chilling on the Riva. But now there is a new attraction in town. Despite the noise and mess, more and more people are visiting the city’s shipyard Brodosplit for an educational...