tihomir oreskovic london erbd.jpg
Photograph: HINA / Slavko VUKADIN / mm

Croatian Prime Minister Tihomir Oreskovic, who on Monday attended an EBRD investment summit in London, said that in order to attract investments it was vital to have a stable tax system and a judicial system that instilled confidence.

We must show that we are stable concerning the tax policy. Having experience as a former investor, I can say that that was the biggest problem for me. Who will invest, if tax policies change every six months? That's why we will not change our tax policy, and we also have to have laws and a judiciary that helps investors to trust our system, the Croatian premier said at a news conference in London where he was attending the second Western Balkans Investment Summit, organised by the European Bank for Reconstruction and Development (EBRD).

Oreskovic told the news conference that during his talks with investors he had understood what had bothered them. Oreskovic also hopes that potential investors will recognise possibilities for investments in south-east Europe.

During his speech at the summit  Oreskovic presented strategic projects of his government and main cross-border energy and infrastructure investment projects.

Speaking of cross-border infrastructure projects, Oreskovic cited the construction of an LNG terminal on the northern Adriatic island of Krk, an Adriatic-Ionian gas pipeline, an Adriatic-Ionian motorway and the Croatian section of the pan-European transport corridor 5c which runs from Hungary via eastern Croatia and Bosnia and Herzegovina to the southern Croatian port of Ploce.

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