Foreign Investment Down 10%

Foreign investment into Croatia totalled around 973 million euros in 2012, 107 million euros or 10% less than in 2011, according to data from the Croatian National Bank which was released today.

The worry statistic to come out of the data was that in the last three months of 2012 there was practically no foreign investment at all.
“With just 6 million euros invested in new projects in the last three months of 2012 continues the reluctance of international investors from investing in Croatia,” said HNB’s report.

“Croatia continued the negative trend of foreign investment last year. In parts of the region, especially in Central Europe and the Baltic states, foreign capital has started to return, which can be seen in the recovery of those nations. South-East Europe has become ‘another world’ in the eyes of investors, which unfortunately we (Croatia) belongs to,” said economist Zeljko Lovrincevic to Jutarnji list.