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Export – the only recipe for saving companies

There is probably no company in Croatia that, when faced with the business difficulties brought on by the recession, has not even considered – export. Although it should have always been a logical choice for domestic companies given the small domestic market, reality proves us wrong. There are few exporters, and even fewer who export high-value products.

IN THE NEW ISSUE OF THE BUSINESS WEEKLY LEADER, TAKE A STEP FURTHER AND LEARN MUCH MORE ABOUT CURRENT ECONOMIC PROBLEMS

This tourist season will be similar to last year’s, with even sharper price scissors. However, the largest company has opened new sales channels: from adriatica.net through HoReCa to strengthening tourist consumption in its stores. The reason for Agrokor and other companies entering the ownership of adriatica.net will remain a mystery to some for a long time. Nevertheless, the first step has finally been taken in the physical merging of green and blue Croatia. More in the story by Željka Laslavić ‘Agrokor brings buyers of its products to Croatia.’

And it happened. The Croatian consortium was defeated in the battle for the construction of the Montenegrin highway. In fact, it lost a war it had already won. Perhaps that is why the first man of the other company in the consortium, Jure Radić, chose to retreat to Priština at the time of making the most important decision of his career. However, if Croatia had an export bank, the business in Montenegro would certainly not have failed. Namely, the job of the export bank would be to secure large, nationally important projects. This thesis is supported by all our interlocutors. However, each of them has their own idea about its implementation. More about export from the pen of Gordana Gelenčer.

There are more and more Croatian entrepreneurs who painfully realize that there will not be opportunities for growth and development in the domestic market for a long time. Turning to export, however, is a long-term, complex, and risky business. The persistent will ultimately be rewarded. There is probably no company in Croatia that, when faced with business difficulties brought on by the recession, has not even considered – export. Although it should have always been a logical choice for domestic companies given the small domestic market, reality proves us wrong. There are few exporters, and even fewer who export high-value products. Some of the blame lies in macroeconomic conditions, specifically the exchange rate that favored importers, but at least equally in the inertia and ignorance of domestic entrepreneurs. Matilda Bačelić in the topic of the week argues that anyone who does not start looking at foreign markets now can certainly put the key in the door.

Our advisor, Mr. sc. Marija Zuber writes about working hours. According to the new Labor Law, the period in which one works longer than the contracted working hours can last a maximum of four months. In construction, agriculture, and tourism, the season lasts longer, so without increasing the number of employees or paying overtime, it will not be possible to reconcile legal restrictions and business needs.

Why is Međimurje the best region for investment in Croatia? In an exclusive interview, Ivan Perhoč, the prefect of Međimurje County, reveals to us. Namely, Međimurje County ranked third among small European regions and fourth among South European regions in terms of the strategy for promoting foreign investments.

Personal branding is based on quality. Everything else is an illusion. We investigated who the brand people are in our country who have managed to utilize the golden rule that applies to all well-known global brands – Get to know me, love me, and follow me. In the new Leader, read about entrepreneurial ventures based on name and image.

Profits are falling, forecasts are bleak, and dividends are rising. Foreigners reward even for business in a worse year! The managements of Ericsson Nikola Tesla and HT have decided, they say, to pleasantly surprise their shareholders with dividends higher than last year’s despite the decline in business results and not-so-optimistic economic situation.

In the Business Knowledge section, find out what Peter Drucker would say today. Namely, the anniversary of the birth of one of the greatest economic theorists coincided with the outbreak of the current crisis. Drucker predicted such a crisis, but many did not listen to his advice. Today, he would probably tell Croatian managers that their most important task is competitiveness in the global market.

John Varley, the head of Barclays who reluctantly gave up his bonus, is the main character of this week’s feuilleton. The past year was very difficult for Great Britain, but one of its largest banks, Barclays, avoided help from the British government and announced a profit of £11.64 billion this year. Like any good housekeeper, the bank decided to distribute a total of £1.5 billion in bonuses to its valuable employees, along with another £1.2 billion in non-cash rewards. However, the bosses were gentlemen. (G. J.)

The new Leader gifts its readers a large special ‘Media market’