President: Optimism of exiting recession around the country

A sense of optimism that we are finally about to start exiting the recession is being felt all around Croatia, President Kolinda Grabar-Kitarovic said in the eastern town of Osijek on Friday, underscoring that that optimism is an expression of hope that the state will head down the path of much stronger development.

After visiting the Bios business incubator and attending a presentation of a group of Osijek-based IT companies, the President said that around the country optimism could be felt that the seven-year recession would be overcome and confidence that the country would head down the path of much stronger development. That development refers to better absorption of European funds and to developing production and re-industrialising the country based on the principles of sustainable development and environmental protection, she said.

Grabar-Kitarovic underscored that the growth of Gross Domestic Product (GDP) was secured through entrepreneurship, job creation and keeping up with global trends, as was being done in Osijek and which should be expanded all over Croatia.

Grabar-Kitarovic underscored that thanks to IT it was possible to work in several places around the world at the same time, which, she said, was a fact that was not given enough attention when it came to the economy.

Addressing local government authorities and Osijek entrepreneurs, she expressed satisfaction with the business spirit, concentration and transfer of know-how in Bios and the Osijek Software City association, noting that in that way, Croatia would quickly catch up with more developed countries. 

In the virtual world, which is nevertheless very real, a great deal is happening, including the economy and that is a component of the economy that we still don't comprehend entirely, with the exception of some centres, like Osijek, she said.

The secretary-general of Osijek Software City, Bela Ikotic, said that this association consisted of 29 IT companies with more than 500 employees and an annual income of HRK 400 million, with 90% of that amount being exports.

Last update: Fri, 15/01/2016 - 15:09
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