Direct foreign investments in Croatia in the first trimester amounted to 503 million Euro
“After a significant fall of direct foreign investments last year – by nearly 86% – the first trimester of this year brought a mediocre recovery, marking the highest trimester value of direct foreign investments since the second trimester of 2014,” analysts of Raiffeisenbank Austria (RBA) commented on Croatia National Bank data, as reported by Tportal.hr on July 14, 2016.
The analysis reminds last year was marked by two transactions that significantly affected direct investments in Croatia.
The first is the sale of Tobacco Factory Rovinj to British American Tobacco for 510 million Euro. The amount of investments was also affected by the losses of banks due to loan conversions from Swiss Franc to Euro which for the most part neutralised the positive effects of BAT’s investment.
In the first three months of this year most direct investments came from Austria – 184 million Euro, a 36.5% share of the total.
Followed are investments from Luxembourg in the amount of 139 million Euro, while ones from Germany reached 49.3 million Euro.
According to revised data, since 1993 Croatia marked a total of 29.6 billion Euro of direct foreign investments.
“Excluding the so-called circular investments, with the effect of increased investments in both ways, the amount is 27.2 billion Euro,” RBA analysis stated.
Investments were primarily made in the financial services sector, followed by retail and real estate sectors.
