1 / 35

Croatia Investment Opportunities in Economy & Tourism

Explore Croatia's economic integration processes, foreign direct investment, and reasons to invest in Croatia. Discover investment opportunities in various sectors like tourism, manufacturing, renewable energy, and more.

weinberger
Download Presentation

Croatia Investment Opportunities in Economy & Tourism

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TRADE AND INVESTMENT PROMOTION AGENCY Zagreb,March 2010

  2. BASIC INFORMATION CROATIA \ BASIC INFORMATION

  3. ECONOMY CROATIA \ ECONOMY

  4. INTEGRATION PROCESSES On the way to EU … • process of harmonization with EU legislative • end of negotiations with EU expected by end of 2010 • expected accession: 2012 • Croatia hasbecome a member of NATO in April 2009 • Croatia was a non-permanent member of UN Security Council 2008/2009 CROATIA \ ECONOMY AND INTEGRATION PROCESSES

  5. FOREIGN DIRECT INVESTMENT Foreign direct investment 1993. – Q3 2009. 23,6 billion EUR CROATIA \ FOREIGN DIRECT INVESTMENT

  6. 1. AUSTRIA 6.29bln 2. NETHERLANDS4.12bln 3. GERMANY 2.70bln 5. FRANCE 1.36bln 4. HUNGARY 2.12 bln TOP 5 INVESTOR COUNTIRES (1993 – Q3 2009, EUR) FOREIGN DIRECT INVESTMENT CROATIA \ FOREIGN DIRECT INVESTMENT

  7. FOREIGN DIRECT INVESTMENT FDI PER CAPITA (EUR), 2008 FDI PER CAPITA (EUR), 1993 – 2008 CROATIA \ FOREIGN DIRECT INVESTMENT

  8. WHY INVEST IN CROATIA? EXPORT JUMPSTATION! • access to EU market of 500 milion people • trade aggrement signed with EU since february 1st 2005 CROATIA \ WHY INVEST IN CROATIA?

  9. INFRASTRUCTURE • Developed Natural Gas pipeline puts Croatia at the top among EU countries • Railway network is constantly being improved with major project on the way Rijeka-Botovo (Hungary) • Croatia has one of the densest highway network per total surface in SEE (km/km2) • Three major PAN-EUROPEAN corridors pass through Croatia • 100% digitalized telecom network and high penetration rate of broadband Internet places Croatia among countries with most modern ICT infrastructure CROATIA \ WHY INVEST IN CROATIA?

  10. LNG TERMINAL - OMIŠALJ Environmental impact study Project documentation Tender 2009 15 billion cubic meters End: 2014 LNG TERMINAL - OMIŠALJ • Investmentsize: 1 bln.Eur(includingPipeline 150-200 mil. EUR)

  11. INVESTMENT OPPORTUNITIES • over 300 business zones ready for investment • StrategicBusiness support services • Distribution & Logistics • ICT, R&D and BIOtechnology • Manufacturing – Car Industry • Tourism CROATIA \ INVESTMENT OPPORTUNITIES

  12. BUSINESS OPPORTUNITIES CROATIA offers business cooperation, especially in the following areas: • final products in manufacturing industry: • wood industry – furniture and parquetry made of Croatian oak and beech trees • marine and shipbuilding industry • automotive and transport industry – automobile parts such as electronic and non-electronic parts, tires etc • medicine equipment and pharmaceutical products • food and beverages • construction and development • energy sector – investment in renewable energy sources and power equipment like electro motors and transformers • transfer of technology and know-how • logistics and distribution – seaports • tourism CROATIA \ BUSINESS OPPORTUNITIES

  13. INVESTMENT IN TOURISM • 1. Investment in State owned shares • Sale of state owned shares in 17 tourist companies – Croatian Privatization Fund • 2. Investment in State owned real estate • Projects of reconstruction of military bases into hotel resorts – Club Adriatic • Reconstruction of military ports into marinas • Project Brijuni Riviera, Istria • Project Park Prevlaka, Dubrovnik region • 3. Investment in real estate owned by municipalities • Project Posedarje • Pašman Riviera Project – Island of Pašman • Other projects • 4. Investment in development of golf courses • 50 potential locations for golf course development on privately and State-owned land CROATIA \ INVESTMENTS IN TOURISM

  14. POTENTIAL INVESTMENT IN TOURISM • PODGORA HOTELS d.d. • in MAKARSKA RIVIERA • Investment Project by Croatian Privatization Fund • Capacity: 9suites, 546 rooms; totaling1062 beds • Estimated property value: € 41 mln • HOTEL MEDENA • in TROGIR • Investment Project by Croatian Privatization Fund • Capacity: Main buildings A and B (611 rooms, 8 suites;1266 beds total), pavilion C (60 rooms), pavilion D (40 rooms) • Estimated value: € 37 mln • HOTEL HRVATSKA • in Baška Voda, MAKARSKA RIVIERA • Investment Project by Club Adriatic d.o.o. • Capacity: 128 double rooms and 8 appartements

  15. POTENTIAL INVESTMENT IN TOURISM • MODRA ŠPILJA d.d. • in Island of Vis • Investment Project by Croatian Privatization Fund • Capacity: 131 rooms • Estimated property value: € 9 mln • HTP KORČULA d.d. • in Island of Korčula • Investment Project by Croatian Privatization Fund • Capacity: 5 hotels with total of 1 751 beds • Estimated property value: € 40 mln • Holiday Resort “Perla“ and “Orebić“ Hotel • in Pelješac Peninsula • Investment Project by Club Adriatic d.o.o. • Capacity: 5 appartements, 281 double rooms

  16. POTENTIAL INVESTMENT IN TOURISM • Camp Uvala Slana • in Selce • Investment Project by Club Adriatic d.o.o. • Capacity: 230 camp sites • ŽIVOGOŠĆE HOTELS d.d. • in Makarska Riviera • Investment Project byCroatianPrivatizationFund • Capacity: Hotel Nimfa (155 rooms); BuildingsLicinijan, Pelagija, SuzinaandPokrivenica (136 rooms); • Hotel Punta (132 rooms, 14 bungalowswith 39 apartments); • Auto-camp Dole 50 campingspots) • Estimatedpropertyvalue: € 34 mln

  17. CROATIAN AUTOMOTIVE INDUSTRY “We expect a recovery in our industry. Insidethe 300 km circle around Zagrebthere will bea production of one million cars per year until2012. For this reason we are making contactsand establishingcooperation with companies in acountry that is exactly in the middle of that huge anticipated production.” Mr. Hubert Hödl, Vice President Marketing &Business Development, Magna International Inc.

  18. CROATIAN AUTOMOTIVE INDUSTRY Production of Motor Vehicles, Trailers and Automotive Parts Total Income Total income of the Croatian automotive industry has shown double digit growth rates

  19. CROATIAN AUTOMOTIVE INDUSTRY AUTOMOTIVE INDUSTRY STRUCTURE

  20. CROATIAN AUTOMOTIVE INDUSTRY COMPANIES IN AUTOMOTIVE INDUSTRY IN CROATIA Founded in 2006 with headquarters in Zagreb Cluster members – producing, engineering & developing companies in the automotive sector Total Employment: 2.000+ Employees Total Turnover 2007: 105 Mio. EUR Exports – 90% to the Western European countries/regions

  21. CROATIAN AUTOMOTIVE INDUSTRY CONCEPTS AND INNOVATIVE PRODUCTS

  22. ENERGY DEVELOPMENT STRATEGY 3 FUNDAMENTAL ENERGY GOALS SECURITY OF THE ENERGY SUPPLY ENERGY SYSTEM COMPETITIVENESS SUSTAINABLE ENERGY DEVELOPMENT

  23. ENERGY DEVELOPMENT STRATEGY • DIRECTIVE EU 2001/77/WC • MANDATORY SHARE OF RES IN TOTAL EN. CONSUMPTION • EMISSION REDUCTION – KYOTO PROTOCOL • ENVIRONMENTAL PROTECTION • REDUCTION OF IMPORT DEPENDENCY • EMPLOYMENT AND DEVELOPMENT OPPORTUNITIES

  24. OBLIGATIONS by 2020: greenhouse gas emissions cut by 20% 20% of total energy consuption from renewable sourcess increase energy efficiency by 20% 10% of biofuels in petrol and diesel fuel in total transportation cunsumption 35% of electrical energy production from ROI (including large hydro power plant) ENERGY DEVELOPMENT STRATEGY CO2 emissions pcc

  25. ENERGY DEVELOPMENT STRATEGY Goals by 2020–1,545 MW from Renewable Energy Sources 1200 MW FROM WIND MILLS 140 MW FROM BIOMASS ENERGY PLANTS 100 MW FROM SMALL HYDRO-POWER PLANTS 45 MW FROM SOLAR POWER PLANTS 20 MW FROM GEOTHERMAL POWER PLANTS 40 MW FROM THERMAL ENERGY PLANTS USIING COMMUNAL WASTE

  26. REALIZED PROJECTS By March 1st 2009 a total of 287requests have been received : 164 wind farm 63 small-scale hydro-power plant 29 solar power plant 10 biomass 8 cogeneration

  27. REALIZED PROJECTS Wind Park Krtolin 11.95 MW WPD Germany

  28. OPPORTUNITIES INSOLATION MAP Photovoltaic Solar System Performance Calculator http://oie.pondi.hr/ 2 600 hours of sunshine per year on the Croatian coast provide ideal conditions

  29. GEOTHERMAL FIELDS The biggest geothermal fields in the Republic of Croatia

  30. The Energy Act 5 sub-Acts - since July 1st 2007 Define: Right to incentives (feed-in tariff) Compulsory purchase of electrical energy from RES The operator (HROTE) has an obligation to connect the client to the network Process of acquiring the status of the eligible producer OPPORTUNITIES

  31. INVESTMENT INCENTIVES • Special support for: • Manufacturing activities • Technology and R&D Centres • Strategic and Business Support Services

  32. ABOUT TIPA(Trade and Investment Promotion Agency) Established by Croatian Government Project managersat your disposal 24/7 One-Stop shop for investors Our professional service is free of charge Propose measures toenhance the business environment CROATIA \ APIU

  33. TIPASERVICES LABOUR MARKET MONITOR A unique place of information about the workforce in Republic of Croatia that provides an insight into the labour legislative through a simple and structured interface and allows investors to make estimations of workforce availability and cost. BUSINESS ZONES DATABASE Database of more than 200 business zones accross the country, consisting of all data for investors such as available land, cost, legislative, incentives, infrastructure, geographical position, operational cost, etc. INCENTIVE CALCULATOR Incentive calculator was developed by APIU to provide an additional service for potential investors. Through online calculator investors can instantly calculate the amount of incentives granted on the basis of Investment incentive act.

  34. TIPA SERVICES OUR SERVICES • TIPA PROVIDES! • information about economic and legal investment environment • guidance through free zones and industrial parks • database of available land and property • organized site visits tailored to meet investors’ needs • TIPA ASSISTS! • prior, during and afterrealization of investment projects • in getting promptly all needed administrative licences • with gaining access to state and local incentives • in creating added value for projects • TIPA NETWORKS! • government bodies • local and regional institutions • TAX, financial, and legal advisors • utility companies CROATIA \ APIU SERVICES

  35. THANK YOU! Contact Consulate General of Croatia in Chicago at 1 312 482 9902 or Trade and Investment Promotion Agency @ www.apiu.hr Phone: +385 (0)1 4866 000 +385 (0)1 4866001 Fax: +385 (0)1 4866 009 Address: A. Hebranga 34/10000 Zagreb Croatia

More Related