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It is becoming clear where the biggest losers of the coronavirus crisis are

Južni dio Hrvatske mogao bi platiti najveću cijenu pandemije
Južni dio Hrvatske mogao bi platiti najveću cijenu pandemije / Image by: foto

When the damage caused by the coronavirus pandemic to the Croatian economy is summed up one day, the southern part of Croatia could pay the highest price. Namely, in addition to the collapse of the tourist season in four Dalmatian counties – Zadar, Šibenik-Knin, Split-Dalmatia, and Dubrovnik-Neretva – companies unrelated to tourism have also halted operations. For example, AD Plastik, a manufacturer of parts for the automotive industry and a major exporter, has suspended production, the production facility of Premisa, the second-largest ice cream producer in Croatia, has been closed, and Capax, a company servicing luxury megayachts, is operating at half capacity.

Deadlines for project completion are uncertain as they cannot procure parts from imports, they are losing clients, and their liquidity is questionable… Those who are working, like Luka Ploče, have had to invest additional money in employee protection. Nevertheless, all company leaders who responded to the journalists’ inquiry praised the measures of the Croatian government to support the economy, but not the local community, as some have so far done nothing to ease the business conditions for the economy that fills their local budget.

The CEO of AD Plastik Marinko Došen emphasizes that due to the halting of production by their customers, the largest global car manufacturers, they were forced to temporarily stop most of the production at all locations.

– We are fully focused and determined to preserve the vitality of the company in order to meet the demands of customers and the interests of all our stakeholders. We are actively implementing all necessary measures to continue operations and are in daily communication with customers and suppliers, and we are ready to resume production as soon as our customers request the first deliveries – says Došen, who praises the effort and quick response of the Croatian government in these not at all simple circumstances.

– We are currently satisfied with the measures, but the biggest challenge in this situation for the economy, and then for the Government, is the inability to assess the duration of the crisis. The consequences will certainly be significant, and we can only hope that it will not last too long – says Došen.
The director of Cromaris Goran Markulin avoided answering questions about how the coronavirus crisis has affected the company, but supports every effort that contributes to maintaining the economy, especially the part that helps domestic companies and producers survive and stay on the market.

– In this sense, the effort of the Ministry of Agriculture in helping the Croatian countryside and us in the fishery sector is invaluable – emphasizes Markulin.

There are also immune ones

For Makarska Premisa, a company that sells 97 percent of its products to hotels, restaurants, and bars, all orders, both domestic and for export, have been canceled, business has fallen by one hundred percent, which is why the Management has suspended operations. Premisa’s commercial director Zoran Premeru emphasizes that only accounting is being done, and that from home.

– In March, we had one delivery for Sweden, but the other countries we export to have canceled orders. When it comes to imports, if we do not produce, we do not need to import raw materials either, but we must take and pay for the ordered goods for which we had to pay an advance because some foreign suppliers do not understand the new situation. This will be very difficult to handle both financially and logistically – says Premeru, emphasizing that the local government has not yet adopted any measures to help the economy, but also that he is pleasantly surprised by the timely measures of the Croatian government thanks to which they did not have to lay off employees, nor did they reduce employee salaries.

Luka Ploče is currently immune to the coronavirus crisis and, according to Hrvoje Livaja, the CEO, no changes are expected.
– According to our estimates, operations will continue without major disruptions – says Livaja, adding that special procedures have been introduced for working with ships coming from the most affected countries, primarily from Italy and China, and recently applied to every ship.

For example, ship ladders, decks, and cargo are disinfected, contact with crew members is minimized or eliminated, all employees on the ship wear protective suits, masks for mouth and nose, protective glasses, and gloves. Upon disembarking from the ship, disposable equipment is thrown into a special waste bin, and the rest is disinfected. The same procedure is applied to trucks, and work is organized in a new way.

– We have organized employees into three groups: one works in the first shift, the second in the second, and the third is on standby and works only the third shift as needed. The goal is for workers not to contact each other outside their groups. Effective work has been reduced to seven hours, and after that, workers must disinfect their workstations with disinfectant. Those who can work from home have been sent home and come only as needed – says Livaja.

Luka Ploče has introduced very strict hygiene measures, disinfecting every part of the port. So far, 155,630 kuna has been invested in employee protection and disinfection of the business premises. Livaja expects that the City of Ploče will soon make a decision on measures to mitigate the economic consequences caused by the coronavirus crisis, which also includes the exemption from the obligation to pay utility fees. He also emphasizes that he is satisfied with the measures of the Government of the Republic of Croatia as it reacted quickly and efficiently.

Problem with megayachts

The real consequences of the coronavirus crisis on the business of Capax from Šibenik will only be seen in a few months as it is a company that deals with service and repair projects for yachts and megayachts, which last several months.

– Currently, we are most affected by delays in the delivery of materials, parts, and equipment from Italy and Germany, which creates a problem with current liquidity as we are unable to complete existing projects – says Capax’s managing-director Teo Petričević. The company services many yachts and megayachts in the Mediterranean, some of which are the most beautiful private vessels in the world. In addition to Croatia, Capax’s experts also service domestic and international yacht owners in French and Italian shipyards. This is now impossible, as is the training of personnel in nautical at Capax’s center. As a result, some workers, and the administration, work from home, while some are on annual leave.

– We are currently operating at fifty percent capacity. We were forced to partially change our permanent suppliers to ensure at least partial presence on projects and to keep delivery deadlines within limits acceptable to our clients. Delays in the delivery of materials, parts, and equipment have caused difficulties in completing ongoing projects, which is why the agreed delivery deadlines for vessels have also been postponed. In projects in France and Italy, where some of our clients are, a suspension of all activities is in effect for the next five to six weeks, which is why we are unable to provide our service and maintenance services in other European shipyards – says Petričević, emphasizing that the Tax Administration has granted Capax a deferral of tax and contribution payments, and they have also submitted a request for support to preserve jobs.

However, Capax also has a problem with decisions regarding the status of megayachts (primarily those over 24 meters) which will again come back to haunt them. Namely, the decision of the Civil Protection Headquarters to ban the entry of international vessels that have an obligation of isolation or self-isolation does not apply to ships entering for repairs and servicing, but it does not apply to luxury yachts and megayachts, only to passenger ships, cargo, commercial, and other types of vessels.

– Due to this ban, some clients have canceled their arrival in Croatia, and the servicing and repair of yachts will be done in Cyprus and Malta, which at this moment have a more favorable regime for accepting megayachts. As a result, we are losing jobs worth from several tens to several hundreds of thousands of euros per project – emphasizes Petričević, stressing that this decline could be mitigated if the same rules applied to luxury megayachts as to other vessels.

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