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Government Begins Seeking Investors Through Advertisements in Foreign Magazines

The Croatian Government, in search of the much-desired investments, has resorted to a new method – advertising in leading economic magazines. Thus, in the latest issue of The Economist, a full-page paid advertisement is spread out aimed at potential investors.

Suggestively titled ‘Choose Croatia as Your Next Investment Destination’, the paid article seeks to present our country as a destination that has ‘opened its doors wide to all investors’.

The text first emphasizes the fact that Croatia has recently become the 28th member of the European Union and the benefits that this membership brings, before highlighting that ‘a lot of effort has been put into changing the business climate and the investment environment’. It is also stated that our country has, quote, ‘one of the most competitive legislations in Europe when it comes to promoting investments’, as well as several institutions that will support investors in their entrepreneurial ventures.

Therefore, the advertisement is signed by the Agency for Investments and Competitiveness, and the Center for Monitoring Business in the Energy Sector and Investments, as institutions that foreign investors can turn to. The advertisement also features a picture of the Minister of Economy Ivan Vrdoljak, as well as an image of the Justice Square project worth, as stated, 200 million euros. This project, the advertisement states, ‘is a clear indication that Croatia is open to all potential investors’, although they would likely also be interested in whether the current tensions between the SDP and HNS regarding this project have been resolved.

In the advertisement, we also boasted about the recently published results showing that Croatia collected 1.25 billion dollars in direct foreign investments last year, proving ourselves to be a ‘leader in the region’. Likewise, it was emphasized that in the first quarter of this year, we attracted five times more foreign investments than in the same period last year.

The Investment Opportunities Catalog is also mentioned, through which the Croatian Government aims to offer projects that are already ready for investment, mainly in the tourism sector, and it is highlighted that the Agency for Investments and Competitiveness should guide investors through all phases of their investment.