OFAC License Extended: Janafu Continues Oil Deliveries to NIS

OFAC License Extended: Janafu Continues Oil Deliveries to NIS

The oil supply contract between Janafu and Naftna industrija Srbije (NIS) will continue, confirmed following the extension of the OFAC (U.S. Department of the Treasury's Office of Foreign Assets Contr...

OFAC Approves New Work Permits and NIS Sale Negotiations

OFAC Approves New Work Permits and NIS Sale Negotiations

The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), has approved new permits allowing NIS to continue its operations and sale negotiations. These permits, effect...

Renters Seek Law Postponement: 110,000 Families Threatened

Renters Seek Law Postponement: 110,000 Families Threatened

The Association of Family Accommodation of Croatia (UIS) has sent an appeal to the Government and relevant ministries, requesting the postponement of the new tourism and hospitality law. They believe ...

New Guidelines for Assessing Unfair Trade Practices in Serbia

New Guidelines for Assessing Unfair Trade Practices in Serbia

Serbia has adopted new Instructions for the assessment of unfair trade practices, which aim to protect weaker partners in the supply chain, such as small agricultural producers and processors, from po...

Croats Abroad Spent 542 Million Euros in the First Quarter

Croats Abroad Spent 542 Million Euros in the First Quarter

Croats spent 542 million euros on travel abroad during the first quarter of this year, according to data from the Croatian National Bank (HNB). This significant figure indicates a strong recovery in t...

Last Year's Profit at "Lenz" Becomes Retained Earnings, Italian Owners' Practice Continues

Last Year's Profit at "Lenz" Becomes Retained Earnings, Italian Owners' Practice Continues

The "3. maj" shipyard, owned by the Italian group Sermimag, is facing the continuation of its owners' practice, whereby last year's profit is not distributed but becomes retained earnings. This pract...

Danko Končar Takes Over Sisak Ironworks in a Valuable Deal

Danko Končar Takes Over Sisak Ironworks in a Valuable Deal

Croatian entrepreneur Danko Končar, known for successful restructuring of industrial plants, is soon expected to become the owner of Sisak Ironworks. According to available information, this is a deal...

EU Abolishes Duty Exemption for Shipments Under 150 Euros

EU Abolishes Duty Exemption for Shipments Under 150 Euros

The European Union has decided to abolish customs exemptions for shipments valued under 150 euros. This change will take effect with the aim of harmonizing customs procedures within the Union and trea...

New Rules for Inexpensive Shipments from China Come into Effect

New Rules for Inexpensive Shipments from China Come into Effect

Starting today, customers in the European Union will face new rules when ordering inexpensive goods from China and other countries outside the EU. The changes primarily concern VAT and customs procedu...

New EU Fee: Three Euros for Every Shipment from Outside the Union

New EU Fee: Three Euros for Every Shipment from Outside the Union

The European Union has today introduced a new fee of three euros for all shipments arriving from outside its borders, with a value below 150 euros. This measure, which applies to products ordered from...

Lowest Net Incomes for Workers in the EU: Where Does the Largest Portion of Salary Go?

Lowest Net Incomes for Workers in the EU: Where Does the Largest Portion of Salary Go?

There are significant differences in the net incomes that workers retain after paying taxes and contributions within the European Union. An analysis of data for 2023 shows that these differences among...

End of Railway Monopoly in Germany

End of Railway Monopoly in Germany

The German government is considering the possibility of abolishing the long-standing monopoly enjoyed by Deutsche Bahn on the railway network. According to announcements, there is increasing pressure ...