koncesija

1. (in law and economics) concession
   Kompanija je dobila koncesiju za izgradnju autoputa. — The company was granted a concession to build the motorway.
   Država daje rudnik pod koncesiju na trideset godina. — The state is giving the mine under a concession for thirty years.
2. formal (in negotiations) concession
   Vlada nije spremna da pravi koncesije sindikatima. — The government isn't ready to make concessions to the unions.

In the sense of a concession, everyday speech usually prefers ustupak.