There is plenty of work for designers and builders in Croatia, but a problem of payment delays is emerging, claims the Institute of Construction of Croatia (IGH). The current overdue receivables of IGH amount to 150 million kuna, while at this time last year they were half as much.
The company has responded to the difficult market conditions by postponing salary increases, issuing a directive for savings in all departments, halting hiring in administration, and implementing other measures. One of IGH’s main goals for the upcoming period is to increase foreign realization from the current 10% to 30%. IGH is currently active in Russia, Kazakhstan, Ukraine, Bosnia and Herzegovina, Montenegro, Slovenia, Albania, Kosovo, North Macedonia, and Bulgaria, and is also starting activities in Algeria and Libya.
The most significant foreign projects are in Bosnia and Herzegovina for the design of the highway on the 5C corridor and between Banja Luka and Doboj. In Albania, IGH is overseeing the construction of the highway between Tirana and Pristina in the section that passes through Albania. In Montenegro, it is engaged in the design of a hydroelectric power plant and roads, in Slovenia on the design of the Drvača – Koper railway, and in Bulgaria, it won a tender for the design of water treatment plants in three cities.
