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Leader Invest East: CRO Profiles and CRO Card Could Revitalize Slavonia

Here, time seems to stand still, as if everything lasts longer. Since my elders can remember, people leave, yet remain. Be defiant, Slavonia, let your beauty hurt. There is no one who does not know you, who does not know you and does not love you − these are the lyrics of the song by Kića Slabinac that describe much. It may be worn out to mention the line ‘Be defiant, Slavonia’, but I could not avoid it, especially because in the five eastern counties – Virovitica-Podravina, Osijek-Baranja, Požega-Slavonia, Brod-Posavina, and Vukovar-Srijem – enormous potentials are hidden. Agricultural, tourist, entrepreneurial, manufacturing, export, but also life.

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In a special publication ‘Leader Invest – East’, we dissected all five counties. From the vast amount of statistical data, we selected those that show the current state in each of them. Talking to many entrepreneurs, representatives of the counties, and mayors, one gets the impression that things are indeed moving from a standstill. Perhaps this is not visible in public, especially since, unfortunately, we read texts almost every day about young families leaving Slavonia for some of the Western European countries.

We write about past investments, but also those that are yet to come. Regional and local government units, as well as regional agencies and incubators, are active, along with our development bank. It is also very interesting that the Croatian Postal Bank (HPB), as stated at the Investment Forum of Slavonia and Baranja held in Vinkovci, has further lowered interest rates, even below two percent, which opens the way for many entrepreneurs towards greater investment.

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At the Forum, several entrepreneurial proposals emerged: besides the liberalization of the Labor Law and greater control of offers in the public procurement system, sick leave and the initiation of a sort of mini-reform of that part of the legislation were mentioned, and a proposal was made to start a factory in eastern Croatia that would produce CRO profiles. Boris Šimić, a former state secretary and now the owner and director of Gradexport, a company for the production of windows, doors, and decorative panels, proposed the construction of such a factory. It would cost around 150 million euros, but it has enormous potential considering our market and the import of such products. Šimić says that an investor would quickly appear to buy the factory, and the state could invest part of that money in building a factory in Lika that would, for example, produce parquet or something similar. Here, the state can reindustrialize our economy, either independently or as part of a public-private partnership.

We must not forget the great tourist potential of Slavonia. Why shouldn’t this beautiful part of Croatia become the new Tuscany? We just need to introduce the CRO card. The state project for the salvation of Slavonia and Baranja will certainly help, but entrepreneurs must also get more involved – together they can elevate Slavonia to a new level.