The Croatian government is in talks with British American Tobacco (BAT) in an attempt to keep the company in Croatia, Prime Minister Andrej Plenkovic said on September 8, cited in a government statement.
Plenkovic made the statement in response to journalist enquiries following announcements from BAT that it could withdraw from Croatia as part of a global restructuring.
“We are having talks, I am sure we will make a quality agreement that will enable them to stay in Croatia, I hope for as long as possible, regardless of their global restructuring,” the prime minister said.
BAT bought Croatian tobacco producer Tvornica Duhana Rovinj in 2015, taking control of the Kanfanar factory. However, the company committed at the time to a five-year investment, a deadline that, as Plenkovic noted, is now coming to an end. There were reports earlier this year that the international tobacco giant might decide to move production out of Croatia.
The mayors of two Croatian towns, who are also sitting MPs, were the latest suspects to be remanded in custody as part of a corruption probe initiated on Croatian state-controlled oil pipeline ... more
The coronavirus (COVID-19) crisis is putting further pressure on companies in Croatia’s slaughterhouse and meat processing industry, which was already struggling in the face of cheap imports, the ... more
Bulgaria and Croatia, which have just joined the eurozone’s waiting room, the Exchange Rate Mechanism (ERM2), may adopt the euro by 2023 if they comply with all convergence criteria, Fabio ... more