Half of German companies would no longer invest in Croatia

German companies in Croatia are extremely dissatisfied with the business conditions and believe that this year will be far worse than the last one, and the complaints mostly pertain to the high taxes, unnecessary paperwork and corruption. They believe that the government of Andrej Plenkovic is doing a bad job.

These are the conclusions of the latest survey carried out by the German-Croatian Chamber of Industry and Commerce, the largest bilateral economic organization in Croatia, this February on 150 member-companies and some of the leading companies in Croatia, Zagreb's Vecernji List writes.

As said, as many as 61% of the companies rate the sate of the economy in Croatia poorly, and only 54% said that they would choose Croatia as a business destination again.

As the biggest advantages of Croatia as a business location, the companies emphasize the EU membership, the qualification of the employees, the productivity and the motivation of the employees and the infrastructure, whereas the lack of workforce, an increasingly big problem for all companies, including the members of the German-Croatian Chamber of Industry and Commerce, is cited as a reason to reduce investments.

Last year, 80% of the German companies wanted to invest in Croatia again, and now they are most likely to seek other countries, as show by the fact that Croatia is the eighth among the 20 countries of the region, when it comes to the readiness to invest in them.

Only Romania and Bulgaria are behind Croatia, whereas all other EU members from the region are ahead.

Vlada Republike Hrvatske

Government of Croatia

Andrej Plenkovic

German Croatian Chamber of Industry and Commerce

German investments in Croatia

investments of German companies

operations of German companies in Croatia

business climate in Croatia