In many companies, especially smaller and medium-sized ones, insufficient attention is often paid to financial management because entrepreneurs, in their daily juggling of numerous tasks, from product development to sales and marketing, do not have time to dedicate to this extremely important component. Good money management can be a crucial condition for survival in the business world and must not be sidelined. In this week’s cover story, Antonija Knežević presents the 10 most common financial mistakes of small entrepreneurs.
More than ever in the past seven decades, it seems we are in danger of forgetting the lessons from Bretton Woods – said Roberto Azevêdo, the former head of the World Trade Organization (WTO), in 2019, reflecting on the growing trend of raising trade barriers between the largest economies in the world. Faced with a potential blow to its automotive industry – specifically, primarily Germany – the European Union decided in mid-June to increase tariffs on Chinese electric cars. Thus, it decided to follow the United States, which had previously raised tariffs on Chinese technology goods, leading to a new episode in the global trade war that began in 2016. Tomislav Pili writes about the death of the concept of free trade.
Due to inflationary pressures on labor costs and fuel price instability, part of the market in the segment of special cargo road transport services is cutting back on service quality by choosing inadequate equipment, reducing prescribed escort services, transporting with partial permits, or even without adequate permits. Some carriers resort to methods that border on criminal acts, revealed Marin Škufca, co-owner and CEO of Liburnija Maritime Agency, in a conversation with Edis Felić.
