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CROATIA INVESTED USD118 MILLION IN FOREIGN COUNTRIES LAST YEAR

ZAGREB, March 30 (Hina) - Direct investments by Croatian companies in foreign countries in 2001 amounted to 118.49 million dollars. In the period between 1993 and 2001, Croatian investments abroad totalled USD551.94 million, the Croatian National Bank (HNB) said.
ZAGREB, March 30 (Hina) - Direct investments by Croatian companies in foreign countries in 2001 amounted to 118.49 million dollars. In the period between 1993 and 2001, Croatian investments abroad totalled USD551.94 million, the Croatian National Bank (HNB) said. #L# Most investments in 2001 as well as in the 1993-2001 period were made in the pharmaceutical industry. In 2001 they accounted for 47.23 percent of all investments, and in the 1993-2001 period made up 43.81 percent of total investments. Investments in the pharmaceutical industry are followed by those in maritime and coastal transport, which in 2001 accounted for 39.25 percent and between 1993 and 2001 for 12.98 percent of all investments. Other more significant investments were made in the field of telecommunications (7.78 percent), financial transactions (6.02 percent), and services in the oil and gas industry (5.06 percent). In relation to the 1993-2001 period, when domestic economy made most investments in Poland (35.23 percent), Bosnia-Herzegovina (27.15 percent), the Netherlands (8.15 percent) and Slovenia (8.01 percent), last year the Netherlands accounted for most investments (37.51 percent). It was followed by Switzerland (12.56 percent), Poland (12.01 percent), Bosnia-Herzegovina (11.84 percent) and Austria (7.32 percent). Last year, direct investments were made also in so-called tax havens, like the British Virgin Islands (3.94 percent). Between 1993 and 2001 domestic economy also invested in the Marshall Islands (4.61 percent), and Antigua and Barbuda (3.56 percent). Direct foreign investments in Croatia last year exceeded 1.4 billion US dollars. Foreign investments between 1993 and 2001 totalled 6.6 billion dollars. (hina) rml

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