Investment agency director believes FDIs in Croatia may be over EUR 1.5 bln

Foreign Direct Investments (FDI) may exceed 1.5 billion euros by the end of this year, the head of the Agency for Investments and Competitiveness (AIK), Damir Novinic, said on Thursday at a round table discussion on Croatia's competitiveness.

I expect results similar to those recorded last year. It is not easy to speculate, but I expect 1.5 billion euros in FDIs this year, Novinic said.

He said that investors often said that they had chosen Croatia for its human resources, labour productivity and quality. We also have a good business and utilities infrastructure, while a time span for obtaining building licences has been shortened, Novinic said.

Sanja Madjarevic-Sujster of the World Bank told the event that Croatia's economy was in the region that was currently the most dynamic in the world in efforts to improve regulations for doing business, and that this was a positive  challenge for the Croatian administration.

The round table was organised by the AIK agency and the World Bank office.

Last update: Thu, 10/12/2015 - 15:47

More from Croatia

A quarter of commercial pilots have left Croatia in past 4 years

International Civil Aviation Day is observed on 7 December worldwide and this has been an opportunity for the trade...

Joulupukki, or Santa Claus, comes from Finland to Zagreb

Joulupukki, a Finnish Christmas figure.

Croatia launches trilateral cooperation in Adriatic with Montenegro and Albania

Croatia has launched trilateral cooperation with Montenegro and Albania in the economy and environmental protection...

Croatian President: Thousands of IS fighters returning to Bosnia

Croatian President Kolinda Grabar-Kitarovic said in Dubrovnik on Tuesday that one should face the fact that...

Croatia's food industry records 43.7% increase in net profit

Croatia's food industry generated a consolidated net profit of HRK 931.5 million in 2015, which was an annual...