Student Affairs Law was pronounced at the regular session of the Croatian Parliament on October 19, 2018, the Law defines the rights and obligations of all interested parties. This Law enters into force within 8 days of the date of its publication in the Official Gazette, until then the Ordinance on mediation in the employment of regular students, which is active for the last 26 years, remains active.
Croatia’s companies face taxes as a percentage of the price of fuel on average 23% higher than the world average, putting them at a serious disadvantage and potentially slowing economic growth, shows a new study by UHY, the international accounting and consultancy network. UHY explains that in Croatia on average taxes comprise 61% of the cost of the price of petrol and 57% of the cost of the price of diesel. This compares to the global averages of 50% and 44% respectively.
It’s our honour to announce that we have been awarded with AAA Highest Creditworthiness Rating for fifth year in a row, assigned by Bisnode, leading provider of business information in Europe and Croatia.
Tourist spending represents 19% of Croatia economy, more than ten times higher than the global average of 1.2%, shows research by UHY, the international and consultancy network.The rate of growth in tourist spending in Croatia over the last year was 9.1% up to USD9.6 billion in the last year, from USD$8.8 billion in the previous year.* Croatia was ranked 1st in the study. UHY studied 34 countries around the world, looking at spending by tourists (including travel to the country) in the past two years as a percentage of that country’s Gross Domestic Product (GDP).
Bank lending to European businesses now 25% lower than pre-credit crunch, hampering return to economic growth
Bank lending to the private sector in Europe is now on average 25% lower last year than it was before the financial crisis, hampering European economies’ return to economic growth, reveals a new study by UHY, the international accounting and consultancy network. According to UHY, in 2016 a total of USD 12.2 trillion was lent to businesses in the European economies studied – down from USD 16.3 trillion in 2008. By contrast, on average across all the 24 countries studied around the world, private sector bank lending increased by 24% over the same period in absolute terms.
Consolidated financial statements represent financial statements of a group, which consists of several separate legal entities: a parent company and one or more subsidiaries. The purpose is to present financial position and operating results of companies within a group as they were a single company.