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Foreign direct investment down 10% to EUR 973.3 mln in 2012

ZAGREB, April 16 (Hina) - Foreign direct investment in Croatia in 2012 totalled EUR 973.3 million, about ten per cent less than in 2011, according to preliminary central bank figures released on Tuesday.

In the 1993-2012 period, foreign direct investment in Croatia totalled EUR 26.75 billion. Investment was highest in 2008, exceeding EUR 4.2 billion, and lowest in 2010, when it totalled EUR 326.3 million. In the 1993-95 period, however, investments were a little above EUR 100 million annually.

In the last quarter of 2012, only EUR 6 million was invested in new projects, central bank analysts say in their latest bulletin.

Ownership investment last year totalled EUR 404 million.

Broken down by activity, in 2012, foreigners invested most in other business activities (EUR 554.3 million), real estate (EUR 155.4 million) and trade.

Austrians accounted for nearly two-thirds of last year's investments (EUR 643.3 million), followed by companies registered in Luxembourg (EUR 171.3 million), the Netherlands (EUR 134.5 million) and Turkey (EUR 130.8 million).

Investors from Germany withdrew EUR 109.4 million last year and those from Hungary EUR 59.3 million.

Austrians were the biggest investors in Croatia in the past 20 years as well, with more than EUR 6.97 billion, followed by those from the Netherlands (EUR 4.05 billion), Germany (over EUR 3 billion), Hungary (over EUR 2.3 billion), Luxembourg (EUR 1.7 billion), France and Italy (EUR 1.3 billion each), and Slovenia (EUR 1.1 billion).

The majority of the investments since 1993 were made into banks (EUR 8.8 billion), followed by wholesale trade (EUR 2.6 billion), real estate (EUR 1.8 billion), post and telecommunications (EUR 1.7 billion), and oil products (EUR 1.6 billion).

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