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Latest Business News from Croatia

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

no-economic-recovery-in-sight-for-croatia-and-serbia
18 Dec 14

Raiffeisen Gloomy About Croatia, Serbia Economies

Regional analysis conducted by Raiffeisen bank says the economies of Serbia and Croatia saw no growth in 2014 and will not do much better in 2015 - while the outlook for other countries is somewhat brighter.

crime-and-corruption-left-a-100-billion-hole-in-balkan-economies
16 Dec 14

Illicit Outflows Rob Balkan Economies of $100bn

A study by Global Financial Integrity, GIF, says illicit money outflows robbed Balkan countries of the equivalent of more than 100 billion dollars during the last decade.

air-serbia-snatches-passengers-with-low-prices
12 Dec 14

Air Serbia Restores Belgrade-Zagreb Flights

Air Serbia began the first direct flights between Zagreb and Belgrade after 23 years on Friday.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

rijeka-airport-attracts-new-airlines-to-the-adriatic-coast
10 Dec 14

New Airlines Flock to North Adriatic Coast

New direct flights from a host of European cities to Rijeka will start next year, from Germany, Britain, Lithuania and Latvia.

croatian-record-set-in-tourism-industry-acquisitions
27 Nov 14

Croatian Tourist Company Sold in Record Deal

Croatian company Istraturist, which has 16 hotels, villas and apartment resorts, has been sold for 120 million euro – the highest-ever amount for a tourism business in the country.

us-company-interested-in-buying-mol-s-shares-in-ina
20 Nov 14

US Company Interested in MOL's INA Shares

Klesch Group has expressed interest in buying the shares of Hungary energy giant MOL in the Croatian energy company INA, potentially bringing US capital into Croatia's power sector.

zagreb-belgrade-flights-after-23-years
10 Nov 14

Zagreb–Belgrade Flights Resume After 23 Years

Air Serbia, Serbia's national carrier, is re-introducing flight connections from Belgrade to Zagreb, which halted in 1991.

croatia-reviews-gas-and-oil-concession-offers
03 Nov 14

Croatia Reviews Gas and Oil Concession Bids

Officials will review the bids after a public tender for exploration and exploitation concessions in the Adriatic Sea which could bring big investments from international energy companies.

investors-building-luxurious-resort-in-dalmatian-inland
03 Nov 14

Sky is the Limit for Remote Dalmatian Town

The ambitious mayor of the remote island municipality of Stankovci in Croatia is setting his sights on building the country's first new airfield in decades - alongside hotels and casinos.

croatian-government-introduces-new-tax-policy
31 Oct 14

Croatia Changes Tax Rates to Boost Liquidity

Croatia has presented a package of fiscal measures aimed at pumping more money back into the economy and easing companies' liquidity problems.

balkans-creating-a-better-economic-climate
29 Oct 14

Balkans Do Better in 'Doing Business' Report

Most Balkan states have improved their positions in the World Bank's latest “Doing Business” report - some much more than others.

croatian-development-bank-gives-loans-to-companies-fighting-bankruptcy
24 Oct 14

Croatian Offers Struggling Businesses Loans

The Croatian Bank for Reconstruction and Development, HBOR, has set aside 26 million euro in loans for businesses that have averted going bankrupt - but some say the sum is too small.

growth-in-se-europe-to-remain-uneven-imf-says
08 Oct 14

IMF Revises Balkan Growth Prospects Downwards

Growth in Southeast Europe is likely to worse in 2014 than was anticipated, a new IMF report says.

Premium

croatia-eyes-oil-bonanza-in-the-adriatic
09 Jul 14

Croatia Eyes Oil Bonanza in the Adriatic

Dream of becoming the ‘new Norway’ are driving Croatia to explore the potential oil and gas deposits in the Adriatic – but environmentalists and tourist experts are concerned about the possible effects.

Politics and Society

orthodox-graves-damaged-in-knin
07 Jan 13

Serbian Orthodox Graves Vandalised in Croatia

Attackers have damaged several graves, crosses and tombstones at a Serbian Orthodox cemetery in the Croatian town of Knin.