Popijac: Layoffs almost over
Croatian minister of economy Djuro Popijac believes the reasons that have led to a strong growth of unemployment early this year no longer exist. He emphasizes that the labor market is still recording a negative trend, unemployment is still on the rise, but the fact that 7,500 people were deleted from unemployment records in February is encouraging.The companies that resorted to laying off workers in order to cut costs have almost exhausted that mechanism; the market is recovering for our export companies, and the things being done by the Government for the economic recovery – together with an increase in consumption – should bring the final upturn, Popijac said. The press was also interested in the letter sent to Brussels, especially regarding the possible bankruptcy of Croatia’s shipyards. (Source: www.limun.hr original text was published on www.banka.hr)
Growth of outstanding due liabilities slowed down in January
Total outstanding due liabilities by legal and natural persons in Croatia amounted to HRK 27.4bn at the end of January this year, which is 1.1 percent more compared with December last year. Year-on-year, compared with January 2009, outstanding liabilities grew by 45.5 percent or HRK 8.6bn, the Financial Agency reports.Unpaid bills have been on the rise for a year and a half, and the growth somewhat slowed down in January. In a few months’ time, a record-high insolvency level from December 1999 could be reached (HRK 28.7bn), Croatian Chamber of Economy (HGK) says. In January, 27,343 businesses with a total of HRK 44,344 employees had combined outstanding liabilities worth HRK 22.2bn. Compared with December last year, the number of insolvent companies was up 1.3 percent, while the amount of their liabilities was expanded by 1.1 percent. At the same time, the number of people working in insolvent companies was reduced by 8.5 percent. (Source: www.limun.hr original text was published on Poslovni.hr)
Koncar building wind power plant outside Split for HRK 200m
Koncar will soon start building a wind power plant outside Split worth HRK 200m, the company announced at a media conference on Wednesday. After five years, the company has obtained the building permits and will invest HRK 80m in cash in the next few days, CEO of Koncar Elektroindustrija Darinko Bago said. Apart from that, the company will also borrow HRK 200m to cover the investment.Bago says this will be a new export product and a major investment. 80 percent will be Croatia made, as only the wings of the wind generator will be imported. Fifteen 1MW generators and one 2.5MW generator will be installed. Mr. Bago also reacted to the accusations coming from railway trade unions, about Koncar’s trains being too expensive. He stressed that the price of the three trains agreed with the Government is HRK 115m, which is as much as EUR 1m cheaper than the competition.The CEO says Koncar is selling its train engines in Serbia, Bulgaria and Macedonia, everywhere at the same price, and accuses HZ’s train drivers for 25 percent of all malfunctions. (Source: www.limun.hr original text was published on www.banka.hr)
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