Sunday, 17 January 2021

We are self-sustaining even without cruisers – Port of Dubrovnik

By  Nov 24, 2020

The President of the Management Board of the Port of Dubrovnik, Željko Raguž, stated on Tuesday that the company's operations in the first ten months of this year were at “positive zero,” with 14.07 million Kuna in revenues and 13.93 million Kuna in expenses.

These revenues are at the level of 42.6 percent of what was realized in the same period last year, while expenditures of 69.7 percent were recorded in the same period last year.

At the press conference, Raguž emphasized that after the record-breaking 2019, it was expected to be the same in 2020, but due to the pandemic, the whole world stopped, and those most affected were those who worked with cruisers and aircraft.

"We have seen a significant drop in revenue, but also expenditure. Revenue is slightly better than expenditure so far, which means we are self-sustaining even without cruisers. It's a miracle," said Raguz, noting that November and December will be bad, but the year be completed with “positive zero.”

"If the pandemic were to continue for the next twenty years, we are self-sustaining. The employees do not need to worry about their salaries and status," Raguz stressed. He pointed out that this year the Port of Dubrovnik shifted its operations to mega-yachts and mooring services.

"In record 2019, the average yacht stay was two to three days, and this year it was nine to ten days. There were fewer yachts, but we made more revenue. We have an announcement that the first cruiser will arrive in January, but that it can easily be postponed due to the epidemiological situation," Raguz said.



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