German-Croatian Chamber of Industry optimistic about Croatia

Members of the German-Croatian Chamber of Industry and Trade are more optimistic than last year about the prospects of the Croatian economy in 2016, according to the results of a survey presented in Zagreb on Tuesday.

Of 380 members in Croatia, 80 took part in the survey, and the results show that 38 percent of them consider the prospects of the Croatian economy to be better than last year, when 17 percent thought so.

Fifty-five percent said that the situation would remain unchanged (compared with 66 percent last year), while eight percent said they expected a deterioration, as against 16 percent in last year's survey.

On the list of 20 Central and Eastern European countries, Croatia ranked eighth in terms of investment attractiveness.

The survey shows that the current economic situation in Croatia is still pretty bad: 59 percent of those polled described it as bad, compared with 85 percent last year; 40 percent saw the present situation as satisfactory, which is better than last year when 14 percent thought so, while one percent, the same as last year, said that the present situation was good.

More optimism can be seen in Croatia than in other countries in Central and Eastern Europe, which is good, the presentation said.

Most of the companies polled, 59 percent, expected a higher turnover this year, 31 percent said it would remain unchanged and 10 percent said it would be worse than last year. About 44 percent said they expected higher investments, 43 percent expected their investments to remain at 2015 levels, and about 14 percent predicted their decrease.

EU membership, educated and skilled labour, productivity, worker commitment and infrastructure were cited as Croatia's advantages, while the tax system, public administration, unpredictable economic policy and legal insecurity were given as disadvantages.

Last update: Tue, 19/04/2016 - 16:26
Author: 

More from Croatia

Germans and Dutch show growing interest in travelling to Croatia

The German and Dutch markets have shown growing interest in bookings for holidays in Croatia, according to...

HNS wants vote of no confidence in science minister to be put on parliament's agenda

Member of Parliament Goran Beus Richembergh of the opposition Croatian People's Party (HNS) said on Wednesday that...

Croatia should be stronger bridge between EU, S-E Europe, German official says

Senior German official Michael Roth said on Tuesday Croatia was a bridge between the European Union and Southeast...

Nature magazine writes about plagiarism scandal involving Croatia’s science minister

Nature, international weekly journal of science, on Tuesday ran an article about the plagiarism scandal involving...

Petrov and Bulj not stripped of immunity in private suit

The parliamentary Credentials and Privileges Commission (MIP) on Tuesday rejected motions to strip two Bridge...