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LAUNCHING INVESTMENTS THROUGH JOINT ACTIVITIES

INTRODUCTION TO EU AMBASSADORS. LAUNCHING INVESTMENTS THROUGH JOINT ACTIVITIES. Domagoj Milošević Deputy Prime Minister of the Republic of Croatia for Investment Zagreb, 31.01.2011. To kick off investment s and projects which have been stopped or slowed

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LAUNCHING INVESTMENTS THROUGH JOINT ACTIVITIES

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  1. INTRODUCTION TO EU AMBASSADORS LAUNCHING INVESTMENTS THROUGH JOINT ACTIVITIES Domagoj MiloševićDeputy Prime Minister of the Republic of Croatia for Investment Zagreb, 31.01.2011.

  2. To kick off investments and projects which have been stopped or slowed To launch new projects and bring in investors not previously present in RoC To create new jobs MAIN GOALS

  3. Identify barriers to foreign and domestic investment and define and implement measures to remove them Collect data on all investments in the RoC and Croatian investments outside the RoC, and classify them Draw up a comprehensive guide to investment and a transparent system of investment incentives Cooperation with bodies of state and regional administration, local self-government and the diplomatic corps ACTIVITIES TO ACHIEVE THESE GOALS

  4. National team for investment (state secretaries and heads of agencies) Office of the Deputy Prime Minister of the RoC Croatian Investment Board Strategic level Ministry of the Economy, Labour and Entrepreneurship – Directorate for Economic Diplomacy, Exports and Investment Operational – national Regional development agencies – County One Stop Shops Operational - regional OPERATIONAL COOPERATION

  5. STRATEGIC LEVEL Monitoring and preparation of key public projects Improvement of legal framework Removing barriers NATIONAL OPERATIONAL LEVEL Proposing the measures for improvement of investment climate Organizing meetings to overcome particular investors’ issues Managing the projects in realization phase REGIONAL OPERATIONAL LEVEL Site visits organization Dealing and solving local level administration and obstacles Development of the investment infrastructure on the county level OPERATIONAL PLAN

  6. PUBLIC SECTOR POTENTIAL • Catalogue of investment projects of interest to RoC in the public sector – total investment value:100 billion kunas • Energy • Tourism • Water management • Transport infrastructure • 10 projects launched with a total value of 5.5 billion kunas • HEP, JANAF, HŽ • Port of Rijeka, Port of Šibenik, Port of Dubrovnik, Zagreb Airport • Croatian Waters • Total investment potential of companies: 60 billion kunas

  7. INVESTMENT CLIMATE IMPROVEMENT • Investment Incentives Act (OG 138/06) • Production activities, technological and R&D centers • Strategic activities of support for businesses • Incentives for major investment projects and possible additional local incentives • “Development of Investment Climate” Project • EU financing - IPA IIIc – value: 2.5 mil.€ • Implementation of Certification Programme for Regions (ICPR) – phase 3 • Final beneficiaries – 20 Croatian counties • Promoting Croatia as a desirable investment destination

  8. INVESTMENT INCENTIVES Tax incentives Employment incentives Education incentives

  9. REMOVING BARRIERS • Action Plan to remove noticed barriers to investment • Accomplished • Abolition of “problematic” Regulations by Minister Bačić • Cooperation between MINGORP and Ministry of the Interior on entry of foreign investors to RoC • Regulations adopted on Land for Tourism • Planned • Joint investment in energy infrastructure by HEP and investors • Acceleration of procedure between Croatian Forests and investors • Acceleration of registration of RoC in plots • Working Group – to remove administrative barriers to individual investment projects

  10. AT SERVICE OF INVESTORS • We offer • Information on the economic and legislative investment environment • Data bases on land and property available • Guides through free and enterprise zones • We help • Before, during and after the realization of investment projects • To obtain the necessary administrative permits quickly • To obtain incentives on a state and local level • We link • Government, regional and local institutions in the RoC • Tax, financial and legal consultants • Municipal companies

  11. THANK YOU FOR YOUR ATTENTION Contacts www.vlada.hr Telephone: +385 (0)1 4569 236 Fax: +385 (0)1 6303 034 E-Mail: domagoj.milosevic@vlada.hr bozica.lapic@vlada.hr marko.jurcic@vlada.hr Address: Trg svetog Marka 2 10 000 Zagreb Republika Hrvatska

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