IC Market Espresso 22 Oct 2019

 
September 2019 Employment in Croatia

The Croatian Bureau of Statistics published their September Employment report. According to it, the registered unemployment rate in September stood at 6.7% (-1.1 p.p. YoY).

As the Croatian Bureau of Statistics published their September Employement report, we are bringing you key takes from it. According to it, in September the total number of unemployed persons amounted to 112,376, representing a decrease of 13.9% YoY. This would be translated to the total registered unemployment rate of 6.7% (-1.1 p.p. YoY). Meanwhile, unemployment rate for women stood at 7.8% in the same period.

In September 2019, the total number of persons in employment in Croatia was 1.56m,of which 0.73m were women. Compared to August 2019, the total number of persons in employment decreased by 0.7%. Meanwhile on a YoY basis, the total number of persons in employment increased in September 2019 by 0.9%

Of that, the total number of persons in paid employment in legal entities amounted to 1.34m, representing an increase of 0.9% YoY or a decrease of 0.1% MoM. In the same period, the total number of persons in employment in trades and crafts and free lances decreased by 4.3% MoM.

Unemployement Development in Croatia

MedLife Acquires Romanian Lotus Hospital

With this acquisition, the Group reaches a portfolio of 25 acquired companies.

MedLife published a document on the Bucharest Stock Exchange stating announcing that the acquisition of 100% of the shares of Spital Lotus SRL in Ploiești, the most important provider of private medical services in Prahova county, providing integrated outpatient services, medical imaging, laboratory, hospital and maternity.

To put things into a perspective, in 2018, the Hospital served approximately 100,000 patients while it currently has over 135 doctors and nurses. Meanwhile, in the same period the company has recorded a turnover of EUR 3.9m in 2018.

With this acquisition, MedLife Group reaches a portfolio of 25 acquired companies, the latest one announced being Onco Team Diagnostic, a laboratory located in Bucharest.

To read more about MedLife click here.

Electrica’s Board of Directors Approve SPO Prospectus

The share capital increase would occur through in-kind and in cash contribution with the maximum value of RON 6,049,830 through the issue of a number of maximum 604,983 new nominative and dematerialized shares.

Electrica published a document announcing that the comapny’s Board of Directors has approved the form and the execution of the prospectus prepared in connection with the share capital increase of the Company, through in-kind and in cash contribution with the maximum value of RON 6,049,830, through the issue of a number of maximum 604,983 new nominative and dematerialized shares, at a nominal value of 10 RON/share.

The mentioned prospectus was prepered for the purposes of its approval by the Financial Supervisory Authority.