Croatia attracts €666.1mn in FDI in January-September - preliminary data

By bne IntelliNews January 12, 2016

Croatia managed to attract €666.1mn foreign direct investments (FDI) in the first nine months of last year, preliminary data from the central bank showed.

Croatia, whose economy contracted for six consecutive years, has been trying to attract foreign investments to support its economy. However, its business environment remains weak. FDI in the country collapsed in 2009 as a result of the global economic crisis. An important contribution to last year’s FDI came from the sale of TDR tobacco company to British American Tobacco.

The central bank did not provide comparative year-ago figures. It said the nine-month figure includes round tripping which increases direct investment in the country and direct investment abroad by the same amount.

The UK was the largest foreign investor in Croatia in January-September with €586mn, followed by Luxembourg with €256.9mn and the Netherlands with €112.1.

The sector which attracted most of the FDI in the first nine months of last year was the manufacture of tobacco products. In June, Croatian conglomerate Adris Grupa signed an agreement with BAT to sell its tobacco unit TDR, in addition to other tobacco and retail assets. After deducting TDR’s obligations, the transaction was worth €505mn.

In the full year 2014, FDI in Croatia amounted to €2.9bn, but nearly €1.5bn referred to round-tripping in June that year.

Related Articles

OTP’s Croatian subsidiary to buy Splitska Banka

The Croatian subsidiary of Hungary’s OTP Bank has signed an agreement to buy Splitska Banka, owned by the French Société Générale Group, OTP announced on December 21. Hungary’s largest ... more

Telekom Austria’s Vipnet acquires controlling stake in Croatian Metronet

Telekom Austria Group’s Croatian unit Vipnet has agreed to acquire a controlling stake in ... more

Belgrade Stock Exchange joins SEE Link platform

The Belgrade Stock Exchange (BELEX) has become an active member of the regional SEE Link network, SEE Link announced on December 5. SEE Link is a project started by the Bulgarian, Macedonian and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss