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CROATIA ATTRACTED USD1.442 BILLION OF FOREIGN INVESTMENT IN 2001

ZAGREB, Sept 22 (Hina) - Last year, Croatia attracted 1.442 billion dollars of foreign direct investments (FDI), according to a World Investment Report which UNCTAD presented last Tuesday.
ZAGREB, Sept 22 (Hina) - Last year, Croatia attracted 1.442 billion dollars of foreign direct investments (FDI), according to a World Investment Report which UNCTAD presented last Tuesday. #L# Croatia registered a rise of 34.8 percent in FDI in comparison to 2000, and thus 2001 was the most successful after 1999 when the country had a record of 1.6 billion dollars of FDI. A rise in FDI was achieved in Croatia despite the fact that FDI decreased all over the world by over 50 percent. An advisor to UNCTAD and a member of the Croatian National Bank's council, Branko Vukmir, said the biggest drop of 59 percent was reported from developed countries, while developing countries had a fall of 14 percent in FDI. Countries in central and eastern Europe, however, were the only one to have an increase (two- percent-rise) in FDI in 2001 compared to 2000. In the World Investment Report, Croatia has for the first time after eight year, added to this category. The FDI in this region totalled USD27.2 billion in 2001. Poland with 8.8 billion was on the top of this list of central and eastern European countries. It was followed by the Czech Republic (4.9 billion). Each Russia and Hungary attracted 2.5 billion, and Slovakia 1.47 billion. Croatia was the sixth-ranked. The data about Croatia, incorporated in this 12th consecutive UNCTAD annual report, were gathered by the Croatian National Bank's statistics bureau. The bureau's head, Igor Jemric, said that in 2001, three quarters of the FDI in Croatia referred to three big transactions, i.e. ownership investment. A third of the total FDI in 2001 was invested into the financial agencies and services, another third went into telecommunications, and only 18 percent accounted for the investment into the manufacturing industry. (hina) ms

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