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RSS Feed Business01. 09. 10. - 13:00
Retail trade up first time in two years
Croatian Times
Retail trade was up slightly in July after two years of continuous fall thanks primarily to the tourist season, data from the Central Bureau of Statistics (DZS) shows.
Retail sales grew one per cent in July in real terms – not a significant increase, but a plus nonetheless, the daily Jutarnji List writes.
Hypo Bank analyst Hrvoje Stojic believes that part of the reason for the positive shift is the good psychological effect following the elimination of the lower crisis tax rate earlier this summer. Consumption increased during the tourist season, but the July statistics are also helped by the low base for comparison as last year’s month registered a 14.5 per cent drop in retail sales.
Analysts predict that August will also have positive results and that the "summer" quarter will have an overall good effect on the economy as a whole. Slight GDP growth is expected.
The autumn, however, is expected to bring a growth in unemployment as seasonal work ends, potentially having negative effects on GDP. Raiffeinsen Bank analysts warn that retail trade recovery will be limited due to these negative labour market movements that will reflect on citizen consumerism. "Without the recovery of that segment, real recovery of retail trade cannot be expected regardless of the short-term positive influences of crisis tax elimination or the tourist spending," they say.
The GDP could fall 1.5 per cent on a yearly basis, but there is a consensus that 2011 will bring a 1.5 per cent growth. Retail trade – expected to have an annual drop of 2.5 per cent this year – could grow one per cent in 2011, the daily Jutarnji List writes.
Tag cloud sales elimination season continuous slightly tourist analyst Bank Retail Jutarnji Statistics growth retail having positive negative recovery Raiffeinsen crisis effect
Priest Kills local politician in Dubrovnik
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Croatian-German Solar Power
Organised by the Split-Dalmatia County and the German Embassy in Croatia, a three-day conference on renewable energy sources has just been held in the Dalmatian city of Split. The renewable energy source industry, which is in full swing in developed countries, is just in the early stages in Croatia, reports Croatian radio television.
U2 and Amy Winehouse docos at 4th Starigrad-Paklenica Film Festival
The 4th Starigrad-Paklenica Film Festival, the international festival of music documentary films will be held from 4 - 10 August in the special ambience of Paklenica National Park in northern Dalmatia.
Over 150,000 tourists in first quarter for Zagreb
Croatia's capital Zagreb had 154,535 tourists with 300,013 overnight stays in the period from January to April this year, a 2 per cent increase on tourists and a 10 per cent increase on overnight stays from the same period last year.
Fatboy Slim set to light up Dubrovnik
Pioneer of the big beat genre and winner of ten MTV Music awards, legendary British DJ and producer Fatboy Slim, will play in Croatia on 22 June at the Culture Club Revelin in Dubrovnik.
Chelsea hero's brother trialled in Croatia
The brother of Chelsea's hero in the Champions League football final, Didier Drogba, trialled with Croatian first division side NK Zagreb, reported daily newspaper Vecernji list.
Road Toll Charges set to rise
A fifteen per cent increase in the cost of road toll charges will come into effect in Croatia from June this year, reports Croatian radio television.
Croatian cities to pay Austrians 50 million kuna
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Croatian fans welcome at Euro camp in Poland
Croatian football fans who are travelling to this summer's European Football Championships in Ukraine and Poland and want to indulge in the true fan experience, can do so at the Gdansk Football Camp, a special camping site created by fans for fans for this year's tournament in the heart of Poland.
Queen of Croatia 2012 named
Ester Berisic was last night (Tues) named as the 2012 Queen of Croatia for the Queen of the World, reported daily newspaper Jutarnji list.
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