WHAT IS IMPORTANT IN CROATIA TODAY? Croatia will have stronger growth, but there are some doubts



Zagreb, 030719.
Trg svetog Marka, Banski dvori.
Ministar Zdravko Maric dao je izjavu za medije na ulazu u Vladu RH.
Foto: Damjan Tadic / CROPIX
Damjan Tadic / CROPIX

Croatian finance minister Zdravko Marić thinks that EC prognosis is good initiative to continue the path of improving Croatian economy

What is important in Croatia will bring you every morning news and commentaries that can help you understand what is going on in politics, economy, culture, society, sport. Comment on it, please, send your ideas, critics, topics you will like to read about.

Be informed with the news from Croatia by subscribing to our newsletters here.

New government before August 5th

Parliament Speaker Gordan Jandroković said in today's print edition of Jutarnji list that we can expect new ministers in government during summer: before August 5th Victory and Homeland Thanksgiving Day and the Day of Croatian Defenders. Sabor (parliament) can be called for a special session to confirm new members of the government. Prime minister Andrej Plenković said that he will not allow any insinuation to imperil the work of government. Journalists concluded that it is possible that all ministers with affairs could leave the government: Gabrijela Žalac (EU funds), Goran Marić (State Assets), Tomislav Tolušić (Agriculture). But, the number of ministries will be the same until the end of the mandate.

The opposition called for a snap election instead of a government reshuffle.

EC said growth will be faster, but …

Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

The European Commission on Wednesday revised markedly upward Croatia's GDP growth in 2019 to 3.1% from first estimates of 2.6%. Employers are pleased with any economic growth. Zdravko Marić, minister of finance, was cautious: "That's a positive thing for Croatia and for everyone who wants and likes to invest in Croatia, but I think it's important that we continue on this course that we have set, in terms of everything we can do to facilitate economic growth in Croatia”. Analysts are pointing out this line from the report as problematic one: "Domestic demand remained the main driver of growth due to strengthening investment and robust household consumption”.  More in today's print edition of Jutarnji list.

All documents on this link.


Aluminium stop producing, 900 workers without job

One of the biggest companies in part of BiH where Croats are majority, lost electricity and stop working. Bankruptcy is likely scenario. Analysts think that biggest Croatian party, HDZ BiH can lose some support. Croatia has 12 percent shares of company and 22 years ago payed for reconstruction of company that was employing 900 workers. But was not profitable. More in today's print edition of Jutarnji list.

BiH will not extradite Turks

Presidency of BiH announced that it has not authorities to influence Courts regarding the extradition of eight Turkish citizens. Turkish president Recep Tayyip Erdogan asked for them to be extradited because, as he says, they are part of criminal organization under the leadership of preacher Fethullah Gulen. Erdogan even said that relations with BiH can depend on that issue.

HEP opens 16th EV charging station on motorways

The Croatian state-owned electricity company HEP opened an electric vehicle (EV) charging station on the A1 motorway at Brinje on Wednesday, marking the National Day of Nikola Tesla. The EV charging station at Brinje is the sixteenth such station put in operation by HEP. The EV charging stations will enable electric vehicles to drive from the border with Slovenia and Hungary to the Adriatic Sea, making Croatia a part of a network of such stations on the Trans-European Transport Network (TEN-T), the company said. More on novac.hr.

Brinje, 100719.
Benzinska postaja INA.
Na autocesti A1 u smjeru Dubrovnika pustena je u rad nova HEP-ova punionica za elektricna vozila, cime se
po prvi put omogucuje voznja elektricnim automobilom od granice sa Slovenijom i Madjarskom do Jadranskog mora.
Na fotografiji: svecano otvaranje na odmoristu Brinje, Sandor Fasimon , Frane Barbaric
Foto: Bruno Konjevic / CROPIX
Bruno Konjevic / CROPIX

Sandor Fasimon, CEO of INA, national oil company owned by Hungarian MOL and Frane Barbarić, CEO of HEP, Croatian electricity company owned by government, opens EV charging station

AD Plastik car parts manufacturer agrees new deals in Russia

AD Plastik has agreed €71.4 million worth of new deals in Russia for the manufacture of components for the Renault-Nissan-AvtoVAZ alliance, the Solin-based plastic car parts manufacturing group said on Wednesday. The project concerns the development and manufacture of over 80 different external components for the third-generation Logan and Sandero models at the AD Plastik Togliatti plant in Russia. The estimated duration of the project is eight years, and serial production is scheduled to begin in the second quarter of 2021. More on novac.hr.

Brodarski Institut trying to prevent bankruptcy

The Assembly of Brodarski Institut was supposed to decide about the sale of parcels near the headquarters of the company to prevent bankruptcy. But, it was debated at all, CEO Igor Tripković told novac.hr. “The Management Board of the Institute is constantly working on unblocking accounts so that there is no need to initiate the bankruptcy procedure - said Tripković.

Brodarski Institute is an institute of applied technical sciences in the fields of maritime and green technologies. As a research and development and technology organization, it has 65 years of experience. Range of activities from experimental development of products to prototype making, turn-key projects, computations, supervisions, tests and measurements are among the main Institute’s activities.

China Shipbuilding Industry Corporation was recently in Institute expressing interest in cooperation.

Croatia sues Serbia for valuable real estate

The High Commercial Court in Split this autumn will decide on alleged claims by Croatia amounting to 700 million euros to Belgrade's Jugobanka (bank from former Yugoslavia). If the Split court confirms the decision of the lower court to grant these claims, Croatia would, in that case, be able to seek the repayment of property and claims that once belonged to one of the most powerful Yugoslav banks. 

A € 700 million debt claim arises when Croatia repaid EUR 235 million to depositors after Jugobanka bankrupted and then initiated a court proceeding seeking that same amount with interest rates exceeding twice that of the principal. More on novac.hr.