Croatian Chamber of Commerce

HGK: 16 Croatian companies to exhibit at IDEX defence exhibition

Sixteen Croatian companies will exhibit their products at the 13th IDEX 2017 defence exhibition in Abu Dhabi, to be held on February 19-23.

Croatia's economy short of more than 1,800 robots

Croatia's economy, with its size, requires approximately 2,000 robots while it is estimated that the country currently has 175 robots, and Croatia is short of more than 1,800 robots, the Croatian Chamber of Commerce (HGK) said, underscoring that robotisation can be considered as one of the main engines for increasing productivity.

HGK: Croatia's public debt in Q3 2016 falls to 85% of GDP

Croatia's public debt to GDP ratio fell to around 85% at the end of the third quarter of 2016, the first year that is expected to see a drop in public debt after its continued rise for eight years, the Croatian Chamber of Commerce (HGK) says in an analysis.

Minister announces simpler regulatory system for Croatian economy

One of the Economy Ministry's main projects next year will be to reduce administrative and legislative burdens and to address extra taxes imposed on the economy through red tape, Deputy Prime Minister and Economy Minister Martina Dalic said on Tuesday.

Croatia's gross foreign debt in Aug down 9 straight months

Croatia's total gross foreign debt at the end of August this year amounted to 43.7 billion euros, which is 4.1 billion or 8.6% less than at the end of August last year, the Croatian National Bank (HNB) reported on Friday.

Commerce chamber says Russian-Croatian economic forum was cancelled in Oct

The Chamber of Commerce and Industry of the Russian Federation pulled out of the Croatian-Russian Economic Forum back in October, the Croatian Chamber of Commerce (HGK) said on Monday expressing its "unpleasant surprise that this has been dragged into a political context."

HGK says holiday season spending estimated at HRK 12 bn

The Croatian Chamber of Commerce (HGK) estimates that in December this year Croatians will spend slightly more than HRK 12 billion, half a billion more than in December 2015.

Slovakia, Croatia dissatisfied with trade volume

Even though in the last five years the volume of trade between Slovakia and Croatia has more than doubled, trade between the two countries, amounting to EUR 525 million in 2015, is not satisfactory, it was said at a Croatian-Slovak economic forum in Zagreb on Tuesday.

HGK: Croatia in process of leaving EDP

Croatia belongs in the group of EU countries that have been registering the biggest decrease in the share of public to GDP ratio, which could impact its leaving the Excessive Deficit Procedure (EDP) and improving its credit rating, analysts of the Croatian Chamber of Commerce (HGK) said on Tuesday.

Croatia's gross foreign debt falls to EUR 43.4 bn in June

Croatia's total gross foreign debt at the end of June this year amounted to 43.4 billion euro, which is 5.4 billion euro or 11% less than at the end of June last year, the Croatian National Bank (HNB) reported on Tuesday.

HNB: Public debt at end June HRK 285.7 bln

The general government debt at the end of June 2016 was HRK 285.7 billion, 1.7 billion or 0.6% less than at the end of June 2015 and HRK 3.9 billion or 1.3% less than at the end of 2015, show the latest figures provided by the Croatian National Bank (HNB).

Indictment upheld against ex-head of chamber of commerce

The Zagreb County Court on Thursday upheld an indictment against former Croatian Chamber of Commerce (HGK) chair Nadan Vidosevic, charged with having siphoned  39 million kuna from the Chamber at whose helm he had been for years.

Builders require 3,000 foreign workers, says chamber

The Croatian Chamber of Commerce (HGK) estimates that builders in the country need 3,000 foreign workers to compensate for the drain of qualified workers from Croatia, the HGK said on Thursday.

Number of building permits issued in Croatia up 31.4 pct y-o-y

According to the State Bureau of Statistics (DZS), 636 building permits were issued in June, which is an increase of 31.4% compared to June 2015.

Operations of most Croatian companies facilitated by EU accession, shows survey

The survey shows that 60% of the surveyed companies do business in the EU market, 20% do not do business there but plan to, while 20% do not do business in the EU market and do not intend to due to the nature of their business.

Chambers, politics can open doors to Croatian, Turkish businessmen

TOBB is the most significant legal entity representing the interests of the private sector in Turkey, bringing together 365 regional economy, commerce, industry and maritime chambers, comprising a network of 1.4 million companies.

Ningbo business delegation visits Zagreb

The conference was held on the occasion of a visit by a delegation of the Ningbo Chamber of International Commerce led by secretary-general Zhao Dafang.

PM: Gov't open for business

Prime Minister Tihomir Oreskovic  said on Tuesday that over the past 30 days he had talked with investors and told them that the government was open for business and that it would do everything to attract investments.

Croatian winemakers attend Belgrade fair

Ten Croatian companies, including eight wineries and two manufacturers of winery and viticulture equipment, are attending the BEOWINE international wine fair in Belgrade on February 18-21, the Croatian Chamber of Commerce (HGK), which organised the Croatian presentation, said on Sunday.

Polish and Croatian companies interested in cooperation

A Polish-Croatian Economic Forum, which was held in Warsaw on Thursday, showed that companies from both countries had a lot of interest for cooperation in the fields of energy, transport and construction, the Croatian Chamber of Commerce (HGK) head, Luka Burilovic, said.

Croatian and Hungarian chambers ink agreement

According to HGK figures for the first half of 2015, Croatia imported US$ 133.86 million worth of agricultural and food products from Hungary, while exporting $45.8 million.

HGK expects implementation of reforms announced by PM-designate

The Croatian Chamber of Commerce (HGK) said on Friday that some of the measures announced by Prime Minister-designate Tihomir Oreskovic had also been in the focus of the previous governments, but few had been implemented.

HGK: Public debt growth still remains high

The HGK said that public debt in September 2015 was up 5.9% on the year, caused mostly by the central government whose debt increased by 6.1%. Local government debt at the same time was reduced by 5.2%.

Croatian agricultural and food exports up 19%

"Despite the increase in imports, the positive thing is that the increase in the negative balance has finally been slowed down. We expect data for 2015 to show positive trends in relation to 2014, including a decrease in the negative balance,"

Average age of cars in Croatia increasing

In 2014 the average age of cars used in the EU was 9.65, according to statistics provided by the European Automobile Manufacturers' Association (ACEA).

Chamber of Commerce urges forming gov't, launching reforms

Speaking of the HGK, he said a lot had been done over the past 18 months, including structural reforms "which aren't over yet... We want to make the Chamber a quality service for businessmen."

Industrial turnover up 2.9%

Industrial turnover on the domestic market in October this year was 6% down from the previous month, while industrial turnover on foreign markets was 0.3% higher.

Croatian trade delegation visiting Slovakia

The delegation of about twenty Croatian companies will be led by HGK president Luka Burilovic as part of an official visit to that country by President Kolinda Grabar-Kitarovic,

Gross foreign debt grows 4.1% on year

Compared to July, the gross foreign debt was 1.5 billion euros down, but compared to August 2014, it went up by 1.9 billion euros. 

HGK expects further increase in investments this year

After four years of decline, which began in 2009, investments have slowly started to recover, the HGK said on Tuesday.

Croats set to spend EUR 1.5 bn during December - HGK

She called on Croatians to give a priority to domestic products and commodities explaining that only a five-percent increase in the purchase of Croatian products would have a positive effect on the national economy.

Sunny days ahead for Croatia's real estate market

"The market will definitely not reach the levels from 2008, when 60,000 transactions were conducted in Croatia. This year we will have had 30,000 transactions," Zaher said

HGK: Growth insufficient to reach EU average at faster pace

The Croatian Chamber of Commerce (HGK) said on Thursday that the latest forecasts by the European Commission on Croatia's economic growth were as expected ...

HGK says Croatia makes no significant progress in Doing Business report

The Croatian Chamber of Commerce (HGK) said on Wednesday that the use of a different methodology and Croatia's admission to the European Union had significantly improved