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IPA project "Development of Investment Climate" closed

Autor: mses
ZAGREB, Sept 26 (Hina) - Certificates on the successful completion of the IPA project "Development of Investment Climate" were awarded to the heads of 20 Croatian counties and 230 officials from Croatian institutions at the project's closing ceremony in Zagreb on Monday.

The EUR 2.5 million project was conducted by the Ministry of Economy and Labour and the Delegation of the European Union in Croatia.

During the implementation of the 20-month project, county teams learned about the standards and best ways of providing investors with services such as collection, harmonisation and provision of information, availability of investment locations and defining priority target sectors for investments.

Addressing the closing ceremony, the minister in charge of investments, Domagoj Ivan Milosevic, said that despite the crisis the government had taken a series of measures to create a favourable investment climate and ensure regional development.

The head of the EU Delegation, Paul Vandoren, said that Croatia's clampdown on corruption and the conclusion of its EU accession negotiations had produced positive effects for investors, but noted that there still existed barriers such as corruption at different levels, long court proceedings, and inadequate information for potential investors.

Positive steps have been visible in the last year and a half, but they still have not transformed into a positive investment climate, the EU diplomat said.

(Hina) ms

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