The press conference was held by the recently established department of the Croatian Chamber of Commerce (HGK) for pension fund and pension insurance management (UMFO).
The president of the UMFO and CEO of the PBZ Croatian pension fund Dubravko Stimac said that a report of 21 European countries concerning yields in the period 2002 to 2013 released by the OECD shows that Croatia ranks fifth.
The four countries with higher yields are Denmark, The Netherlands, Norway and Luxembourg while some of the world's strongest economies were ranked behind Croatia, including Germany, Switzerland and Great Britain.
Stimac explained that the average yield of funds in the second pension pillar in 2014 amounted to 11.36%. Over the past three years that yield was 9.32% and since its establishment in 2002 the average annual yield was 6.06% which when reduced by the inflation rate really amounted to an average of 3.75%.
He added that prior to the crisis the average annual yield was above 7%.