Standard & Poor’s reaffirmed Croatia’s ‘BBB- / A-3’ rating on Friday, with a stable outlook, noting that the economic recovery thanks to tourism has created the conditions for reducing public debt this year from a record level in the 2020 pandemic. Croatia’s rating continues to be supported by moderate net external indebtedness and the government’s austerity budget policy in the previous period, the agency points out.
On the 8th of July 2021, the European Commission gave a positive evaluation to the Croatian National Recovery and Resilience Plan. This is an important step towards the distribution of a € 6.3 billion grant under the Recovery and Resilience Facility (RRF), what will support the key investment and reform measures specified in Croatia’s National Recovery and Resilience Plan. The RRF is in the heart of the NextGenerationEU instrument, which […]
Fitch Ratings on Friday affirmed Croatia’s rating at ‘BBB-‘, with a stable outlook, highlighting big short-term risks related to the pandemic as well as the medium-term outlook for economic growth thanks to the EU’s financial support. The ‘BBB-‘ rating balances strong structural features, the agency says, singling out better indicators of human development and governance in comparison with countries with a similar rating and higher GDP per capita. The stable […]
The Ministry of Economy and Sustainable Development has published a Call for the delivery of the project proposals “Strengthening the competitiveness of companies by investing in the digital and green transition”, Reference: KK.11.1.1.01. This Call will support investments of small and medium companies in green and/or digital technologies and thus strengthen the competitiveness and stimulate the growth of SMEs in order to increase their ability to respond to market challenges […]
Visit us at the International Trade Council’s Think Global Conference taking place online from 12-15 April. We will have a presentation on investment opportunities that Croatia has to offer on Monday 12 at 1 p.m., as well as a virtual booth where you can come and chat with us.
Join us at the Polish-Croatian Economic Cooperation Days, which will take place from 17-18 March 2021 and where we will present investment opportunities that Croatia has to offer as well as export support that we provide to Croatian exporters. The Polish-Croatian Economic Cooperation Days entail series of on-line events designed to promote investments in Croatia and Poland and Croatian and Polish exports. You can register via e-mail to the Organiser.
The Ministry of the Economy and Sustainable Development of the Republic of Croatia is pleased to invite you to the conference “Invest smartly – Invest in Croatia”, which will be held on March 15, 2021. The conference and B2B matcmaking event will be held as part of the “Strategic Project to Support Competitiveness Cluster Initiatives”, funded by the European Structural and Investment Funds, and implemented by the Ministry of Economy […]
On 1 January 2021, amendments to the Profit Tax Act, the Income Tax Act, the Value Added Tax Act and the Cash Transaction Fiscalization Act, which were adopted as part of the 5th round of the tax reform implemented by the Government of the Republic of Croatia to create a competitive and stimulating business environment, will enter into force. Changes to the Income Tax Act inter alia: • reduce personal […]
In November 2020, the Croatian Parliament passed a new Aliens Act, which will enter into force on 1 January 2021, and which envisages a new model of employment of foreigners. Namely, in accordance with the current Aliens Act, every year the Government passed a Decision on determining the annual quota of employment permits for third-country nationals. The new employment model which will come into force envisions the obligation of employers […]
In October 2020, the Ministry of Economy and Sustainable Development, in cooperation with PwC Croatia, South Central Ventures and Fil Rouge Capital, conducted a study on the adaptation and transformation of Croatian start-ups and companies due to new market conditions caused by the coronavirus pandemic, with a particular focus on the digital transformation. Through research on startups and companies, the report looks at and explains the impact of the pandemic […]