companies

Djuro Djakovic signs HRK 23mn deal with French client

Croatian rolling stock manufacturer Djuro Djakovic and its French client Atir Rail have signed a HRK 23 million agreement for additional deliveries of Zacns tank wagons, the Slavonski Brod-based company said on Wednesday.

Deloitte ranks 3 Croatian companies among 500 fastest growing in EMEA

Three Croatian companies - Rimac Automobili, Hangar 18 and Serengeti - have been ranked by Deloitte among the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA) in 2016, Deloitte said on Wednesday.

Janaf signs long-term agreements with three companies

Croatian oil pipeline operator Jadranski Naftovod (Janaf) said on Monday it had signed long-term agreements with Britain's Vitol, the Czech Republic's Unipetrol and Croatia's Crodux Derivati Dva.

Croatian Gov't finds transitional solution for appointment of CEOs

By amending two regulations, the government adopted at its session on Thursday a decision, as a transitional solution, enabling the appointment of CEOs of companies and other legal entities of strategic and special interest for the state to a period limited to six months, until a new legal framework is drawn up.

Kras reports strong increase in profit

Kras Group's revenues in the first nine months of 2016 reached HRK 695.9 million, up 1.9% over the same period in 2015, while net profit soared from HRK 727,000 to nearly HRK 6 million, according to figures from the confectioner's financial statement released on Friday.

Djuro Djakovic Group cuts loss

Djuro Djakovic Group recorded a loss of HRK 10.4 million in the first nine months of 2016, cutting its loss by 74.4% from the same period in 2015 when it amounted to HRK 40.8 million, the Slavonski Brod-based industrial equipment manufacturer said in a financial statement on Friday.

Ericsson Nikola Tesla sees sales revenues jump 17%

Telecommunications equipment manufacturer Ericsson Nikola Tesla generated sales revenues of HRK 1.3 billion in the first nine months of 2016, an increase of 17.2% over the same period in 2015, the company said in a financial statement on Friday.

Petrokemija posts loss of HRK 29.7 mn

Fertiliser manufacturer Petrokemija on Friday reported an operating loss of HRK 29.7 million in the first nine months of 2016, which was 35% less than in the same period in 2015.

Atlantic Grupa reports drop in sales revenues, increase in net profit

Atlantic Grupa earned HRK 3.78 billion in sales revenues in the first nine months of 2016, which was 4.9% less than in the same period in 2015, the food group said in a financial statement on Friday.

Podravka Group posts net profit of HRK 142.2 mn

The Podravka food and pharmaceuticals group generated a net profit of HRK 142.2 million in the first nine months of 2016, which was an increase of 8.6% over the same period in 2015, the Koprivnica-based company said on Tuesday.

Djuro Djakovic signs EUR 7mn deal with French client

Djuro Djakovic Specijalna Vozila, a member of the Djuro Djakovic industrial equipment manufacturing group, has signed an agreement to manufacture special tank wagons for a French client, the Slavonski Brod-based company said in a press release on Tuesday.

Dogus Group looking into new business opportunities in Croatia

Dogus Group, one of most successful conglomerates in Turkey, is currently focused on transforming the former Zadar-based factory Maraska into a luxury hotel, but it is also looking into other business development opportunities and the sector the group is particularly interested in in shipbuilding, said Burak Baykan, the Group's regional director for Croatia and Montenegro.

Djuro Djaković Group increases revenue by 53%, reduces loss

The mechanical engineering group Djuro Djakovic Grupa on Friday reported a 53% increase in revenue in the first half of 2016 compared with the same period of 2015 and a loss of HRK 10.9 million, which it said was within the plan.

AD Plastik Group income down 2.4 pct, profit up 4.2 pct

The generated income is in line with the company's business plan, which included problems on one of the company's most important markets -- Russia.

Atlantic Grupa reports drops in H1 income and profit

Atlantic Grupa recorded a net profit after minority interest of HRK 133.5 million in the first half of 2016, down 7.3% compared with the same period of 2015, the food company said on Thursday.

Koncar posts lower H1 income, higher profit

Koncar Group generated an operating income of HRK 1.3 billion in the first half of 2016, which was 16% less than in the same period last year, while pre-tax profit increased by nearly 18%, this electrical, transport and energy company said in a financial statement on Wednesday.

Confectioner Kras reports H1 increases in income and profit

Kras Group generated a consolidated income of HRK 458.6 million in the first half of 2016, up 1.3% over the same period in 2015, while its net profit increased by 12.3%, the Zagreb-based confectioner said on Wednesday.

Croatian PM visits Badel 1862 company

Prime Minister Tihomir Oreskovic said on Tuesday that the government would approve a decision on a strategic partner for the Badel 1862 alcoholic beverages company if such a decision was made by the Restructuring and Sale Centre (CERP).

Almost half of workers in private companies have below-average salaries

The average net pay of 838,600 people working for private enterprises totalled HRK 5,019 in 2015 and almost half the workers had a salary below the national average, ranging from HRK 2,373 to 4,897, according to data provided by the Financial Agency (FINA).

Foreign-owned companies generate higher revenues, lower net income per employee

In 2015, the average revenue per employee in Croatian companies which are wholly domestically owned was nearly three times lower than the average in foreign-owned ones, but domestic companies netted nearly HRK 24,000 in income per employee, ten times more than foreign-owned ones, the Financial Agency has said.

Janaf recommends dividend of HRK 132.15 per share

The recommendation is based on a government decision adopted on May 12, defining the amount, method and deadline for payments by companies of strategic interest.

Dalekovod signs two agreements with Norway's Stattnet

Dalekovod has signed two agreements with Norway's power grid operator Stattnet worth 65 million euros in all, the Zagreb-based power transmission equipment company said on Thursday.

Consulting firm says Croatian businesses under-perform in operational excellence

The 26-point questionnaire.was sent to executives in 71 companies, 44% of which are headquartered in Zagreb.

PM: Gov't to sell its stakes in Koncar, Suncani Hvar and Croatia Osiguranje

Prime Minister Tihomir Oreskovic said on Thursday that the government would not sell all the companies that had been removed from the list of strategic enterprises.

Dalekovod to sign two deals in Norway, worth EUR 65 mln

After the evaluation process, Dalekovod proposal has been selected as the best according to the evaluation criteria, Stratnett said.

Djuro Djakovic Group posts net loss of HRK 11.5 mn

The value of the contracts signed as of March 2016 was HRK 764 million, which was an increase of 207% compared with the first quarter of 2015. The group said it expected to fulfil its plans for 2016.

One in four Croatian companies affected by economic crime

Martina Butkovic of PwC said that this was the first survey of the kind in Croatia, conducted in 2014 and 2015 and covering 47 companies, of which some 80% were private. PwC's global survey covered 6,300 companies in 115 countries.

INA Management Board reappointed for a year

The Supervisory Board of the INA oil and gas company on Wednesday reappointed Zoltan Aldott as Chairman of the Management Board for a period from 1 April 2016 to 31 March 2017, the company said in a press release.

Ericsson Nikola Tesla contracts LTE delivery with Armenian operator

Ericsson Nikola Tesla and Armenian operator Ucom signed a frame contract for 4G/LTE network roll-out throughout Armenia, including the capital city of Yerevan, Ericsson Nikola Tesla said in a press release on Wednesday.

HAIX Footwear opens new production halls in northern Croatia

HAIX Obuca, the manufacturer of functional footwear, opened two more production halls in Mala Subotica, near the northern city of Cakovec, on Saturday.

Turkey's Dogus Group increasing investment in Croatia, expects successful season

The group's Dogus Croatia company holds 10.87 percent of shares in ACI and the government holds 74.47 percent.

ZABA ends 2015 with loss of HRK 519mn

Zagrebacka Banka (ZABA) ended 2015 with a net loss of HRK 519 million due to the costs of conversion of CHF loans in the amount of HRK 1.56 billion, the bank said in its annual financial statement on Monday.

Over EUR 11m invested in startups in 2015

More than EUR 11 million was invested in Croatian startup companies in 2015, nearly 50 percent less than in 2014, Zagreb Entrepreneurship Incubator said on Friday.

Metro Cash & Carry Hrvatska among top employers in Europe

Metro Cash & Carry Croatia has been awarded the Top Employers Croatia 2016 and Top Employers Europe 2016 certification, the company said on Friday.

Mekkoo plans to boost production

 The Krapina-based Mekkoo company, a National Gazette subsidiary making paper products and, as of recently, toilet paper and paper towels, plans to increase its production, a news conference heard on Monday.

Koncar Group's revenues up 11 pct, profits up 19 pct

Revenues of the Koncar Group, an electrical, transport and energy company based in Zagreb, went up 11% in 2015, reaching HRK 3.3 billion, while the company's operating profits rose by 19% to HRK 123.6 million.

INA: Workers' rights are protected

INA said that all the retail assets, including petrol stations, remained in its ownership and that under the new management model only petrol operations would be managed by the  Maloprodajni Servisi (Retail Services) company, which is fully owned by INA.

HEP rejects RWE's accusations of market obstruction

Croatian state-owned power provider HEP on Tuesday rejected accusations by its rival RWE Energija that it was obstructing the liberalisation of the Croatian electricity market with the aim of restoring its monopoly.

8 Croat companies in Deloitte Technology Fast 50 in Central Europe ranking

Eight Croatian companies have made it into this year's Deloitte Technology Fast 50 in Central Europe, which is twice as many as last year, Deloitte's Zagreb office said on Friday.

Survey shows Croatian exporters have inefficient web sites

Almost 46% of corporate web sites of Croatian export-oriented companies do not contain basic tools needed to measure marketing efficiency and as many as 88% ...

9,526 companies were opened, 4,537 folded in first nine months of 2015

By comparison, in the same period last year 9,651 companies were started, only 138 more than the number of those that went out of business.