State Assistance Requests by Croatian Companies Soar by 100% in Two Months
Struggling through the frigid winter months is a tougher challenge than ever for many, particularly those running businesses in Croatia's lucrative tourism sector, which can't survive a crack. Yet here we are, still battered by the coronavirus pandemic, vaccines notwithstanding. And it's bloody clear that the Croatian government needs to buck up and take action.
As Marina Klepo of Novac puts it, government officials keep churning out new economic policies to protect jobs, extend existing measures, expand eligibility, and streamline the application process. But despite these continuous efforts, Croatian employers are still up in arms about the delayed payments.
Particularly hard hit are those in the hospitality and catering industry, who are banned from working but still drowning under a mountain of bills. They've been shouting from the rooftops about not receiving their grants from November 2020.
The Blue Billywig Video Player points out that claims for reimbursement of fixed operating costs should be paid out within 60 days of successful application. However, Croatian Government institutions claim all grants for October have been paid, with possible delays for November to be sorted by the end of this week. They also promise grants for December will be paid in January.
Seeking state aid has surged in recent months, especially among businesses in the hospitality sector. In October and November alone, the number of companies seeking assistance more than doubled compared to summer levels. By November's end, a whopping 7.6 billion kuna had been handed out in government grants.
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However, the financial hit from the ongoing pandemic has been hardest on businesses in tourism and hospitality. But there's some positive news, as Fina analysis shows that there are sectors that are weathering the storm relatively well.
A staggering 1,251 Croatian companies continue to thrive, with 1,085 never even needing government assistance. These companies, which include those in manufacturing, trade, professional, scientific, technical activities, construction, water supply, and wastewater disposal, as well as transport and storage, have proven remarkably resilient.
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When it comes to company size, most of the stable enterprises are medium and large, with 715 medium-sized companies and 183 large ones. The micro-enterprises and small companies, numbering 181 and 6 respectively, also managed to stay afloat during these trying times.
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- The Croatian government's continuous efforts to protect jobs and extend measures for businesses have not been sufficient to address the delayed payments and concerns raised by employers, especially those in the hard-hit hospitality and catering sector.
- Despite the ongoing challenges posed by the coronavirus pandemic, there are still 1,251 Croatian companies that thrive, notably in manufacturing, trade, and construction, among other sectors, with most of them being medium and large-sized enterprises.
- The long winter months of Croatia, combined with the continuing economic struggle caused by the pandemic, necessitate prompt reimbursement of fixed operating costs for businesses under government protection, as stipulated by the Blue Billywig Video Player guidelines, to ensure their survival.
