We all have to become ambassadors of Croatian products

first_imgTwenty years have passed since the initial idea launched by the Croatian Chamber of Commerce, with the aim of creating a visual identity of quality Croatian products and services based on many years of experience and knowledge and research and development, invention, creation and tradition.In cooperation with companies holding quality labels, the Croatian Chamber of Commerce promotes and raises consumer awareness of the quality of Croatian products and services that are visually recognizable by the quality labels “Croatian Quality” and “Originally Croatian”. It was with the aim of raising awareness of the importance of buying domestic products that an action was launched Let’s buy Croatian, which is being held today and tomorrow in Zagreb on Ban Josip Jelačić Square.”On the list of recognizable qualities of Croatia, we must not forget our work, skill, creativity and our knowledge that has been translated into a top product or service. We should be equally proud of the olive oil and cheese and the football goal. We all know how difficult it is to be an entrepreneur and place any product on a highly competitive market. All the exhibitors present here, and there are more than 300 of them, have succeeded in this and we congratulate them from the bottom of our hearts. But even they cannot move forward alone, so I call on all Croatian citizens to become ambassadors of the Let’s Buy Croatian campaign.”, Said the President of the Croatian Chamber of Commerce Luka Burilovic.The latest HGK survey showed that 78 percent of citizens take care of buying Croatian products when they go shopping, and as many as 86 percent of them are willing to spend more kuna for a quality domestic product. Zagreb Deputy Mayor Olivera Majić emphasized that this action promotes every year. domestic knowledge innovation and effort. “Zagreb has established itself as a tourist destination and we must incorporate as many domestic products as possible into creating a specific offer and image that we send to the world. Our tradition, domestic production, aromas and flavors of local gastronomy are what will set us apart from the competition”, Said Majic.  After Vukovar, Rijeka and Zagreb, the action continues in Bjelovar, while the specialized project “Let’s buy a Croatian-Croatian product for Croatian tourism” will be held in November in Zagreb.7,5 MILLION HRK PROVIDED FOR BRANDING WITH QUALITY SIGNS “CROATIAN QUALITY” AND “ORIGINALLY CROATIAN”With the aim of creating a visual identity of the quality of domestic products and services, the Croatian Chamber of Commerce awards the Croatian Quality and Original Croatian Labels, and the products that carry them stand side by side with the world brands. For the promotion of signs, the Croatian Chamber of Commerce, in cooperation with the Ministry of the Economy, provided entrepreneurship and crafts HRK 7,5 million in grants. This is an opportunity for all micro, small and medium-sized companies to gain support for the acquisition of the right to use the quality marks of the Croatian Chamber of Commerce and thus even stronger brand their products. Learn more about quality signs herelast_img read more

World Bank warns China growth could screech to a halt

first_imgWith two-fifths of the world’s population under some form of lockdown that’s caused the shuttering of businesses and a slowdown in transportation to try to contain the virus, the country where the outbreak originated may escape a recession but will nonetheless suffer a sharp slowdown.Read also: World Bank approves $300m loan to improve Indonesia’s financial sectorJust two months ago, the World Bank’s economists forecast China would grow by 5.9 percent this year, which would have been its worst performance since 1990.Now the world’s second-largest economy faces a more dire outlook, reflected in the record contraction in manufacturing activity in February and industrial production that fell for the first time in 30 years. The coronavirus pandemic’s economic fallout could cause China’s growth to come to a standstill while driving 11 million more people in East Asia into poverty, the World Bank warned Monday.The pandemic is causing “an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region,” said Aaditya Mattoo, World Bank chief economist for East Asia and the Pacific.Even in the best-case scenario, the region will see a sharp drop in growth, with China’s expansion slowing to 2.3 percent from 6.1 percent in 2019, according to a report on the pandemic’s impact on the region. The East Asia and Pacific region, excluding China, could see growth slow to 1.3 percent in the baseline or contract 2.8 percent in the more pessimistic scenario as compared to 5.8 percent last year, the report said.”The pandemic is profoundly affecting the region’s economies, but the depth and duration of the shock are unusually uncertain,” the report said, noting the region already was unsettled by trade conflict with the United States.Read also: IMF, World Bank call for suspending debt payments by poorest nations”Containment of the pandemic would allow recovery, but the risk of durable financial stress is high even beyond 2020,” the World Bank warned. “Most vulnerable are countries that rely heavily on trade, tourism, and commodities; that are heavily indebted; and that rely on volatile financial flows.”Worsening povertyEven in the best case, marked by a sharp slowdown followed by a strong recovery, 24 million fewer people in the region will escape poverty, the report said.But an additional 11 million people could descend into poverty under the more negative outlook, where there is a severe economic contraction followed by a sluggish recovery.Mattoo said the 17 countries in the region key to global value chains and accounting for 70 percent of world trade “have all been affected” and now have some of the world’s highest numbers of COVID-19 cases.Read also: World Bank adds $2b to funds available for coronavirus response”In this interdependent world where our economic destinies are intertwined, there’s going to be mutual amplification, because the shock is simultaneously affecting all these important countries,” he told reporters.”That makes it particularly costly in economic terms.”The World Bank called for strong action, with the priority first on containment but also on measures to cushion the shock to households of lost wages. Mattoo said it is not too late to follow Korea’s example to ramp up testing and containment so that economies can begin to return to normal more quickly.”This is not rocket science. With help even poorer countries can do it.”Topics :last_img read more