ZAGREB, June 3, 2020 - In 2019, foreign direct investments in Croatia totaled €1.24 billion, up 19% on the year, and that was the highest annual amount of FDI since 2014.

The highest amount (€286 million) came from Luxembourg, followed by Austria (€257M), Slovenia (€140.8M) and Germany (€135M).

A major outflow was generated with Switzerland (€157.8M).

From 1993 through 2019, Croatia received €31.8 billion in FDI. In that period, banking accounted for over 22% of FDI, followed by investments in wholesale (9.3%) and real estate transactions (6.9%).

Last year saw a major annual increase in direct ownership investments in real estate and manufacturing, notably the car and food industries.

Raiffeisen Bank analysts say a major problem Croatia continues to face and which obstructs FDI is an unfavourable business climate.

TCN was present at the “White Book 2016” presentation held by the Foreign Investors Council at the Mimara Museum in Zagreb on 25 October, 2016. The “White Book 2016” is the annual publication of the Foreign Investors Council on the investment climate in Croatia, with recommendations on how to improve the overall business environment in the country. The presentation was led by Prof. Boris Vujčić, Ph.D, Governor of the Croatian National Bank, and Hrvoje Stojić, Chief Editor of the White Book 2016.