Page 5 Business & Finance Weekly



€45 million investment Construction work will be completed by end 2012 when a test run and electricity connection is planned Jozo Vrdoljak onstruction work on Jelinak, one of the largest wind farms in Croatia, has started following 10 years of project development and long term license procedures. The investor is the Split-based company EHN, owned by the Spanish Acciona Energy group, and the investment value is €45 million. The construction will be completed by end 2012 when a test run and electrical connection are planned and 20 turbines each of 1.5 MW will be installed. Wind power plant pylons are produced at the Shipyard for Special Facilities as they have a high level of co-operation with the Split-based company Tromont. Both companies made a joint bid to Acciona Windpower, and contracted Jelinak wind farm construction work after winning the international tender. Total investment value is around


€6.7 million, with local industrial and companies participating in production, construction work, transport, installation and provision of services accounting for around 60% of the investment value. In addition, EHN has signed a contract with HEP on the reconstruction of the electric power network and the construction of the Jelinak terminal 110 kV substation in order to ensure electrical connection within the


agreed deadline. Both construction and reconstruction are fully financed by EHN. Bright future The Jelinak wind farm construction site was officially declared open by Ivan Vrdoljak, Minister of Construction and Physical Planning, who emphasised the fact that Croatia has one of the best feed-in tariff systems in Europe which attracts foreign inves-

tors who engage local companies and employ local workforce. “The Law on Spatial Planning and Construction will be amended in September to address the obstacles for project implementation which result in long waiting times. Thus, we will shorten the licensing procedures by up to 60 days”, stated Ivan Vrdoljak. He also announced the government would initiate the process of amendments of the Law on Energy from Renewable Sources in the autumn. “Croatia has had a comprehensive legal framework only since 2007. Nevertheless, the licensing process is still excessively slow and there are still some regulatory faults. Consequently I expect the government and ministries to initiate the process of the creation of the Law on Energy from Renewable Sources which would enable tackling the hurdles encountered by investors”, highlighted Mirko Tunjić, Director of Split-based EHN.


Parcel delivery within 2 hours Slavonian companies DPD Croatia, a leading provid- needs of recipients. In addition to utilising 40% of total funds er of parcel delivery services, is about to launch ‘Predict’, a new service advising recipients on the estimated parcel delivery time. It will become the first courier service in Croatia to introduce parcel delivery within 2 hours. In addition, parcel recipients will be able to estimate the delivery time. “Against a backdrop of times where efficiency and effectiveness have a fundamental role, accurate parcel delivery is crucial to meet the

their being interested in the delivery date, they are increasingly interested in estimated time of delivery which enables them to use their time more effectively and avoid waiting for parcel delivery”, stated Igor Jakovljević, Director of DPD. He added that the ‘Predict’ service would benefit business process, significantly decrease the number of complaints and enhance delivery accuracy. DPD is a leading provider of parcel delivery services in 230 countries with daily parcel deliveries topping 2.5 million. Its Croatian headquarters are in Zagreb with cleverly equipped logistical and manipulative warehouses in Split, Rijeka, Zadar, Osijek, Slavonski Brod and Varaždin and with the Zagreb-based DPD Croatia hub it daily delivers over 3,000 parcels. (A.Š.)

Conference IPA Component IV – the Strength of Development – Regional co-operation in employment, education and social involvement (currently and in the future) organised by the Ministry of Labour and Pension System has recently been held in Osijek. The venue was not selected accidentally – users of non-repayable funds presented success stories from OsijekBaranja County where 16 projects have been implemented under IPA Component IV – Human Resource Development thus far. According to Katarina Ivanković Knežević from the Ministry of Labour and Pension System, the entire Slavonia and Baranja area has achieved enviable results. “Four Slavonian counties have utilised funds and implemented around 40% of total projects

within IPA Component IV – Human Resource Development, implementing around 160 projects. We are anticipating better results in 2013 with a new set of projects within the component as well as with a new set of European Social Fund projects. In addition, €60 million will be available to us from the European Social Fund during the second half of 2013. It is important to highlight that €58 million was available to us during the past five years. Hence, available funds will soar in 2013 and thorough preparation is fundamental”, emphasised Katarina Ivanković Knežević. (S.S.)

PV International 0206  

PV International - The first weekly newsletter covering the Croatian economy as well as that of the wider region, in English

PV International 0206  

PV International - The first weekly newsletter covering the Croatian economy as well as that of the wider region, in English