Fina: Increase revenue by discontinuing jobs and services, and by leasing premises
The Financial Agency (Fina) cut its employee count by 717 this year and currently has 3,655 employees. After restructuring and reorganization, in January the redundancy list contained 792 people, although there was talk about more than 1,000 such workers at the end of last year.Kresimir Sever, president of the Independent Trade Unions of Croatia (NHS) says they managed to save a large number of people, while many of those who left met conditions for early retirement. They left with an honorable severance pay, Sever says. Fina reports it has allocated HRK 140m for the redundancy program. The cost cuts through restructuring should lead the Agency to positive operation this year. In the first nine months last year it posted a loss of HRK 29.9m, after having recorded a loss of HRK 34m in 2008, and HRK 22m in 2007. Fina has discontinued the unprofitable service “Fina Compensations” and will lease its Business premises. (Source: www.limun.hr original text was published in Slobodna Dalmacija)
Bajs: Germany key market for Croatian tourism
In the year 2010, Germany remains the key market for Croatia’s tourism, and the international ITB fair in Berlin is certainly the most important fair as far as Croatian tourism is concerned, tourism minister Damir Bajs said at a press conference in Berlin.He reminded that in the year 2009, despite the global economic crisis, Germany produced the largest number of foreign tourists in Croatia. 1.6m Germans (+2.2 percent year-on-year) recorded 4.3 percent more bed nights, 11.5m. Speaking about the activities at ITB, the minister emphasized the signing of the agreement for joint marketing activities with German tour operators, due on Thursday. The value of joint advertising and incentives in this market will be nearly EUR 2.08m, three times as much as last year.Minister Bajs considers German tourists welcome and loyal guests who seek value for money, and place accommodation quality as the top priority when choosing their destination. They perceive Croatia as a small, but exceptionally beautiful country and a desirable tourist destination, Bajs claims. (Source: www.limun.hr original text was published on www.banka.hr)
Agrokor offers HRK 23.98 per VUPIK’s stock
On Wednesday, Agrokor announced the takeover bid for VUPIK, offering shareholders HRK 23.98 per stock in the Vukovar-based agricultural conglomerate. Agrokor reminds that, in line with the Business plan and investment program, it intends to invest at least HRK 430m in VUPIK in the next five years. It also agreed to keep the existing number of workers for at least three years.On January 13 this year, by signing the agreement with the Croatian privatization Fund and Croatian Waters, Agrokor acquired 1,251,163 common stocks in VUPIK, or an 83.11-percent interest in the company’s capital stock. The takeover bid refers to the remaining 254,310 stocks. Agrokor agrees to pay the offered price within 14 days after the bid expires, and the bank guarantee was provided by Erste Bank.
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