Croatian Q1 Foreign Investments Total EUR 257 Million

7. Juli 2006, 00:00

Foreign direct investments reached in Q1 in Croatia a total of EUR 256.9 million, and in the period between 1993 and...

Foreign direct investments reached in Q1 in Croatia a total of EUR 256.9 million, and in the period between 1993 and the end of March 2006 foreigners invested in Croatia slightly over EUR 11.6 billion, showed the report compiled by the National Bank of Croatia.

45.4 per cent of FDI in Q1 2006 came from Austria. In the same period, investors from the Netherlands accounted for 15.4 per cent of the total. Next come Slovenian investors with 9.5 per cent, Italy with 8.6 per cent and Switzerland with 7.1 per cent.

The banking segment attracted 25.8 per cent of FDI in the first quarter of this year. Next in terms of FDI inflow is the telecommunications sphere (9.4 per cent), wholesale of sugar, chocolate and candies (9 per cent), crude oil and natural gas extraction (7.4 per cent), etc.

Banking sector is the most important activity within overall foreign investments in the period between 1993 and the end of March 2006, as 28 per cent of all foreign direct investments were recorded in this segment. Along with this sphere, foreigners mainly invested in the past 13 years in telecommunications (a stake of 16.2 per cent), pharmaceutical industry (11.8 per cent) and production of oil derivatives (5.6 per cent) and extraction of crude oil and natural gas (about 4 per cent).

The biggest investors arrived from Austria with almost 29 per cent of all FDI in the period between 1993 and the end of March 2006. Then follows Germany with 16.3 per cent and USA with a stake of 11.3 per cent.

A stake with less than eight per cent have investors from Hungary (7.7 per cent) and Italy (7.4 per cent), followed by Netherlands (6.5 per cent), Luxembourg (6 per cent), etc.
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