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
Author: 

More from Croatia

Gross premiums written by Croatian insurers rise 0.42% in 2016 - pregledati

Twenty-four insurers operating in Croatia saw a rise of 0.42% to HRK 8.76 billion in gross written premiums in 2016...

ADAC: Croatian campsites 2nd in Europe quality-wise

Croatian campsites, with an average rating of 3.6 out of 5, are second in Europe after those in the Netherlands,...

Grmoja says Bridge will vie against HDZ and other parties in local elections

The Bridge party vice president Nikola Grmoja, who is one of the founders of this political party that is a partner...

Burgenland Croats hold their 70th ball in Vienna

The 70th edition of the traditional annual Burgenland Croat ball was held in the Schoenbrunn Hotel in Vienna on...

Croatian PM to meet with HEP unions regarding INA buyout model

Prime Minister Andrej Plenkovic announced on Saturday that he would soon meet with leaders of the unions active in...