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ABOUT CROATIAFOREIGN DIRECT INVESTMENTS (FDI)
FDI – 27,2 BILLION € (1993 – Q1/2014)
FDI by sector FDI by country
Financial intermediation, except insurance
and pension funding31,6%
Manufacturing18,1%Trade
14,9%
Other14,0%
Real estate & construction
12,0%
ICT7,0%
Hotels and restaurants
2,6%
AUSTRIA26%
NETHERLANDS16%
GERMANY9%
HUNGARY9%
LUXEMBOURG7%
ITALY5%
FRANCE5%
SLOVENIA4%
NETHERLANDS ANTILLES
3%
BELGIUM2%
SWEDEN2%
OTHER12%
Source: CNB, 2014
Strong Government commitment to attracting new FDI
New business-friendly regulatory environment
Act on Strategic Investment Projects of the Republic ofCroatia
New Industrial Strategy
Croatian Tourism Development Strategy
New legislation on construction and physical planning
Working group for business climate and private investments
Fast-track reforms(181 adopted measures, 90 implemented measures, 5 reforms recognised by Doing Business)
Attractive investment incentives
Free of charge support by the Agency for Investments and Competitiveness
WHY INVEST IN CROATIA?
Part of the EU
Gateway to the regional markets
Productive and cost competitive labor force
Competitive operating costs
COMPETITIVE INVESTMENTCOSTS
Favorable initial investment costs
Electricity prices for industrial users are among
the lowest in the EU
Source: Eurostat, 2012
0
0,02
0,04
0,06
0,08
0,1
0,12
0,14
0,16
PL HR HU SI CZ EU-27 SK DE
0,093 0,095 0,096 0,0970,102
0,1200,129
0,143Electricity prices for industrial consumers, €/kWh
*Annual consumption: 500 MWh < consumption < 2 000 MWh.
Source: Eurostat, 2014
FAVOURABLE LABOR COSTS
IndustryAverage labor cost
per hour, €Average monthly gross
salary, €
Manufacturing industry 5.9 905
Pharmaceutical industry 9.2 1,800
ICT 6.4/8.5 1,425
Tourism 5.1 866
Source: CBS, 2011
0,0 10,0 20,0 30,0 40,0 50,0 60,0
Mining & quarrying
Manufacturing
Electricity, gas, steam & air con. supply
Water supply, waste & remediation
Construction
Distrib. trades
Transport & storage
Accommodation & food services
Information & communication
Real estate activities
Professional, scientific & technical activities
Administrative & support services
Repair: computer, personal & h'hold goods
25,0
11,7
19,6
13,7
10,3
11,0
15,0
8,8
19,9
11,5
14,6
9,0
9,5
38,6
36,5
52,7
32,0
31,4
26,5
32,3
16,5
50,5
31,0
43,2
22,3
0
EU-28 Croatia
AVERAGE PERSONNEL COSTS, (1 000 EUR per employee), 2011
Source: Eurostat, 2014
Source: CBS
FAST TRACK INVESTMENT REALISATION
INDUSTRIAL PLANT FOR THE PRODUCTION OF ENERGY BARS Ltd
Great infrastructure
Strong commitment of public authorities at all levels to the project development
Fast approval process
FACTORY FOR LEATHER PRODUCTS WOLLSDORF COMPONENTS Ltd
GLASS PROCESSING FACTORYPRESS GLASS SA
WASHROOM HYGIENE, MATS, WORKWEAR AND TEXTILE
SOLUTIONSCWS BOCO Ltd
HOTELVALAMAR PRESIDENT
BUILDING PERMITS ISSUED IN:
19 Days
1 Day
1 Day
8 Days
2 Days
CATALOGUE OF BUSINESS ZONES
Contains information on more than 130 investment locations-business zones of all 20 counties
Includes investment sites that are completely equipped with settled property rights
Total area of the business zones : 5614 ha
Available : 2261 ha
The Catalogue contains more than 617 companies which are active in 103 business zones and their data were verified
All the data is available in English
AIK -PUBLICATIONS
Catalogue of Investment Opportunities:joint publication of state institutions andagencies that provides relevant informationabout public and private projects on sale orin search of strategic partners
Current number of projects: 45 projects, outof which 16 public projects, 24 privateprojects and 5 technology incubators
Sectors: Tourism Energy Food processing Manufacturing
INVESTMENT INCENTIVESELIGIBLE SECTORS AND COSTS
• Manufacturing activities
• Technology centers
• Strategic business support services
• Tourism (4 plus star hotels and resorts, sports and health centers, etc)
SECTORS
• Tax incentives
• Employment and education grants
• Incentives for modernization of technology and R&D
• Incentives for initial and capital expenses of the investment
• Incentives for labor intensive investment projects
INCENTIVES
• Equipment and machinery and intangible assets: patent rights, licenses, know-how, or
• 2 year-gross salaries
ELIGIBLE INVESTMENT COSTS
INVESTMENT INCENTIVES
Minimum investment: 150.000 € - SME’s and large size companies
INVESTMENT INCENTIVES*
Tax incentives 0% - 10% profit tax rate
Employment incentives €3,000 – €18,000 per employee
Incentives for Innovation and Development
20% of the eligible cost of buying the equipment/machinery (up to € 0.5 million)
Incentives for Initial and Capital Expenses of the Investment Project
Cash grant in amount of 20% of the eligible costs (up to € 1.0 million)
*Respective investment incentives are calculated on an individual basis.
INVESTMENT INCENTIVESCALCULATOR
You can calculate your investment incentives in Croatia by using Investment Incentives Calculator available on AIK web pages
http://www.aik-invest.hr/en/investment-guide/incentives-calculator/
SUCCESS STORIES
„The quality of Croatian experts is well known – their knowledge, innovative spirit, enthusiasm and
dedication to excellence in all business processes have been
incorporates in our activities and initiative that started as a local idea and have become global products, or business models.“
M. Sc. Gordana Kovačević, President of Ericsson Nikola Tesla (2007)
“PLIVA in 2014 is finalizing one of the largest investment cycles in history. It is also important to
emphasize that PLIVA is enhancing investments in
Research & Development and we are also pleased that PLIVA has
opened Centre for Financial Activities in Zagreb that supports
many of the TEVA’s European locations. Our investment effort received international awards,
which proves that Croatia can be attractive to foreign investors. PLIVA’s and TEVA’s investments
are proof that Croatia has knowledge and skills to
successfully compete in the most demanding markets.”
Tihomir Orešković, CEO of PlivaCroatia Ltd. (2014)
AGENCY FOR INVESTMENTS AND COMPETITIVENESS
AIC WILL PROVIDE YOU WITH:
Business intelligence
Site selection
Operation costs
analysis
AIC WILL CONNECT YOU WITH:
Government bodies
Local and regional
institutions
Utility companies
AIC WILL ASSIST YOU WITH:
Organizing site visits
Gaining all necessary permits
Gaining state incentives
AIC PUBLICATIONS
CATALOGUE OF INVESTMENT OPPORTUNITIES
MADE IN CROATIA –INVESTORS GUIDES TO
MANUFACTURING AND LOGISTICS AND TOURISM
7 SECTORS PROFILES
INVESTMENT GUIDE
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