FDI Qualities Review of Croatia
Advancing the Strategic Framework for Investment Promotion and Facilitation
The FDI Qualities Review of Croatia provides policy recommendations on the design and implementation of a new strategic framework for investment promotion and facilitation in Croatia. It provides an assessment of how foreign direct investment (FDI) contributes to sustainable development, including productivity and innovation, job quality and skills development, decarbonisation and regional development. It also examines the institutional and policy framework for investment promotion and facilitation at national and subnational levels. It gives an overview of Croatia’s investment incentives regime, focusing on the effective design and implementation of tax incentives. The report indicates potential areas for institutional and policy reform to improve Croatia’s investment climate and strengthen the economic, social and environmental benefits of FDI.
Preface
Since its independence in the early 1990s, Croatia has achieved remarkable economic growth that contributed to a successful convergence towards OECD and EU average incomes. The accession to the World Trade Organisation in 2000 and the European Union in 2013 were a pivotal juncture, which helped foster support for leveraging foreign direct investment (FDI) to enhance Croatia’s productive capacity and growth potential, drive job creation and improved living standards. These achievements have paved the way for an increase in foreign investment over the last two decades, with Croatia’s FDI stock passing from merely 13% of GDP in 2000 to 59% in 2021, above the OECD and CEE average.
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