Commenting on the findings of the World Bank's Doing Business 2015 report, Juricic said that its 14 criteria showed very clearly Croatia's advantages and shortcomings.
Progress has been made as regards the speed of business registration and issuance of permits, but there is a number of other criteria where more work is needed, said Juricic, adding that a lot more had to be done to improve the investment and general business climate.
It is important that tax policies are consistent and the business environment must be predictable so that investors could plan their operations, he said.
The head of the Investment and Competitiveness Agency, Damir Novinic, said that most investors objected to lengthy litigation and frequent changes of tax policies.
Over a period of ten years, Croatia has climbed 53 places in the World Bank Doing Business report, in 2014 it jumped 25 places and evidently changes have been happening.
The Doing Business 2015 report puts Croatia at 65th place, two places up compared to the 2013 ranking that was changed in line with a new methodology. Before the new methodology was introduced, Croatia was ranked 89th.
Not all problems have been dealt with, but one must say that some things have been done and the World Bank and investors have noticed it, said Novinic.
Compared to other countries in the region, such as Bosnia and Herzegovina and Serbia, Croatia has moved up by more than 30-40 places in the ranking, but Hungary, Slovakia and the Czech Republic continue to fare better, Novinic said.