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Croatia ranks 32nd in Europe in attractiveness for investments

Author: spez
ZAGREB, June 2 (Hina) - Croatia was ranked in 32nd place among European countries that attracted the most investments in 2014, with 13 projects or two less compared with 2013, shows a foreign direct investment (FDI) attractiveness survey conducted by Ernst&Young (EY) consultants.

Thanks to these investments, 780 new jobs were opened in Croatia, which is 88% more than in 2013, when 415 new jobs appeared on the market, ranking Croatia in 27th place among other European countries.

Last year Croatia was the most attractive to German investors, followed by investors from the United States, and together they were responsible for more than half the investment projects conducted last year, EY's survey shows. The investments were implemented in production (4), sales and marketing (4), research and development (2), business support services (2) and logistics (1).

EY's executive director in Croatia Tauno Olju commented that Croatia had good prospects to improve its position regarding FDI as investors generally trust investment projects in Europe.

According to the survey, most investments in Croatia come from Germany or the USA, and even though investments are still at a relatively low level, both countries have increased their investments which is a good indicator to other potential investors, Olju said.

Once again, the UK turned in an outstanding performance in attracting FDI in 2014. The numbers speak for themselves: a record number of 887 projects, up 11% on 2013; increased European market share; and a market-leading 31,198 jobs created, EY reported.

(Hina) sp

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