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TRADE AND INVESTMENT PROMOTION AGENCY Zagreb, March 2010 BASIC INFORMATION Population: 4,441,460 Area: 56,542 km2 Coastlength: 1,777 km Islands: 1,185 Capital: Zagreb Language: Croatian Script: Latin Currency: Kuna (HRK) Political system: Parliamentary Democracy Climate: Mediterranean, Continental CROATIA \ BASIC INFORMATION ECONOMY 2006 2007 2008 7,706 8,452 10.681 GDP growth (%) 4.8 5.6 2.9 Inflation rate (average, %) 3.2 2.9 6,1 Unemployment rate (%, ILO) 11.2 9.5 13,4 Export (EUR bln) 8.3 9.0 10.6 Import (EUR bln) 17.1 18.8 20,8 FDI (EUR bln) 2.7 3.6 2,9 GDP per capita (EUR) CROATIA \ ECONOMY INTEGRATION PROCESSES On the way to EU … • process of harmonization with EU legislative • end of negotiations with EU expected by end of 2010 • expected accession: 2012 • Croatia has become a member of NATO in April 2009 • Croatia was a non-permanent member of UN Security Council 2008/2009 CROATIA \ ECONOMY AND INTEGRATION PROCESSES FOREIGN DIRECT INVESTMENT Foreign direct investment 1993. – Q3 2009. 23,6 billion EUR 4.190,2 3.670,2 2.764,8 1.762,4 1.362,9 1.467,5 1.140,6 1.137,9 949,6 849,7 101,0 92,8 79,1 1993 1994 1995 382,1 480,2 1996 1997 1998 1999 2000 CROATIA \ FOREIGN DIRECT INVESTMENT 2001 1.699,2 1.467,9 2002 2003 2004 2005 2006 2007 2008 1. , 2. i 3. tr. 2009* FOREIGN DIRECT INVESTMENT TOP 5 INVESTOR COUNTIRES (1993 – Q3 2009, EUR) 1. AUSTRIA 6.29 bln 2. NETHERLANDS 4.12 bln 3. GERMANY 2.70 bln 4. HUNGARY 2.12 bln 5. FRANCE 1.36 bln CROATIA \ FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENT FDI FDI PER CAPITA 1993 – 2008 (EUR), 2008 1.018,7 934,0 810,0 712,1 619,0 Estonia Estonia Croatia Czech R. Bulgaria Hungary Czech R. Croatia Slovenia Slovak R. 4.490 4.428 444,3 Slovak R. Bulgaria 438,4 Hungary Slovenia 413,5 Romania Latvia 405,7 Latvia 370,6 290,2 PER CAPITA (EUR), 8.695 6.834 5.595 5.315 3.751 3.474 Poland 2.949 Lithuania Lithuania 2.906 Poland Romania CROATIA \ FOREIGN DIRECT INVESTMENT 2.133 WHY INVEST IN CROATIA? EXPORT JUMPSTATION! access to EU market of 500 milion people trade aggrement signed with EU since february 1st 2005 CROATIA \ WHY INVEST IN CROATIA? INFRASTRUCTURE Railway network is constantly being improved with major project on the way Rijeka-Botovo (Hungary) Croatia has one of the densest highway network per total surface in SEE (km/km2) Three major PAN-EUROPEAN corridors pass through Croatia CROATIA \ WHY INVEST IN CROATIA? Developed Natural Gas pipeline puts Croatia at the top among EU countries 100% digitalized telecom network and high penetration rate of broadband Internet places Croatia among countries with most modern ICT infrastructure LNG TERMINAL - OMIŠALJ LNG TERMINAL - OMIŠALJ Environmental impact study Project documentation Tender 2009 15 billion cubic meters End: 2014 Investment size: 1 bln.Eur (including Pipeline 150-200 mil. EUR) INVESTMENT OPPORTUNITIES • over 300 business zones ready for investment • Strategic Business support services • Distribution & Logistics • ICT, R&D and BIOtechnology • Manufacturing – Car Industry • Tourism CROATIA \ INVESTMENT OPPORTUNITIES BUSINESS OPPORTUNITIES CROATIA offers business cooperation, especially in the following areas: final products in manufacturing industry: wood industry – furniture and parquetry made of Croatian oak and beech trees marine and shipbuilding industry automotive and transport industry – automobile parts such as electronic and nonelectronic parts, tires etc medicine equipment and pharmaceutical products food and beverages construction and development energy sector – investment in renewable energy sources and power equipment like electro motors and transformers transfer of technology and know-how logistics and distribution – seaports tourism CROATIA \ BUSINESS OPPORTUNITIES INVESTMENT IN TOURISM 1. Investment in State owned shares Sale of state owned shares in 17 tourist companies – Croatian Privatization Fund 2. Investment in State owned real estate Projects of reconstruction of military bases into hotel resorts – Club Adriatic Reconstruction of military ports into marinas Project Brijuni Riviera, Istria Project Park Prevlaka, Dubrovnik region 3. Investment in real estate owned by municipalities Project Posedarje Pašman Riviera Project – Island of Pašman Other projects 4. Investment in development of golf courses 50 potential locations for golf course development on privately and State-owned land CROATIA \ INVESTMENTS IN TOURISM POTENTIAL INVESTMENT IN TOURISM HOTEL MEDENA in TROGIR •Investment Project by Croatian Privatization Fund •Capacity: Main buildings A and B (611 rooms, 8 suites;1266 beds total), pavilion C (60 rooms), pavilion D (40 rooms) •Estimated value: € 37 mln PODGORA HOTELS d.d. in MAKARSKA RIVIERA Investment Project by Croatian Privatization Fund Capacity: 9 suites, 546 rooms; totaling 1062 beds HOTEL HRVATSKA in Baška Voda, MAKARSKA RIVIERA Estimated property value: € 41 mln • Investment Project by Club Adriatic d.o.o. • Capacity: 128 double rooms and 8 appartements POTENTIAL INVESTMENT IN TOURISM HTP KORČULA d.d. in Island of Korčula •Investment Project by Croatian Privatization Fund •Capacity: 5 hotels with total of 1 751 beds •Estimated property value: € 40 mln MODRA ŠPILJA d.d. in Island of Vis • Investment Project by Croatian Privatization Fund • Capacity: 131 rooms • Estimated property value: € 9 mln Holiday Resort “Perla“ and “Orebić“ Hotel in Pelješac Peninsula •Investment Project by Club Adriatic d.o.o. •Capacity: 5 appartements, 281 double rooms POTENTIAL INVESTMENT IN TOURISM Camp Uvala Slana in Selce • • Investment Project by Club Adriatic d.o.o. • • Capacity: 230 camp sites • • • ŽIVOGOŠĆE HOTELS d.d. in Makarska Riviera Investment Project by Croatian Privatization Fund Capacity: Hotel Nimfa (155 rooms); Buildings Licinijan, Pelagija, Suzina and Pokrivenica (136 rooms); Hotel Punta (132 rooms, 14 bungalows with 39 apartments); Auto-camp Dole 50 camping spots) Estimated property value: € 34 mln CROATIAN AUTOMOTIVE INDUSTRY “We expect a recovery in our industry. Inside the 300 km circle around Zagreb there will be a production of one million cars per year until 2012. For this reason we are making contacts and establishing cooperation with companies in a country that is exactly in the middle of that huge anticipated production.” Mr. Hubert Hödl, Vice President Marketing & Business Development, Magna International Inc. CROATIAN AUTOMOTIVE INDUSTRY Production of Motor Vehicles, Trailers and Automotive Parts Total Income 300 250 Total income of the Croatian automotive industry has shown double digit growth rates 200 150 100 2002 2003 Total income in EUR (millions) % change 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 143.8 171.5 186.0 201.0 227.0 260.0 67% 19% 9% 8% 13% 15% CROATIAN AUTOMOTIVE INDUSTRY AUTOMOTIVE INDUSTRY STRUCTURE Motor wehicle manuf acture Bodies, trailers and semi trailers Motor wehicle parts and equipment manuf acture CN Code 2004 2005 2006 2007 2008 164 593 1474 882 4168 Bodies for the motor vehicles 19,672 47,333 7,935 132,929 245,921 Parts and accessories of the Motor vehicle (thousands) 91,122 115,397 111,411 154,328 178,441 Total (thousands) 91,142 115,445 111,421 154,462 178,691 Indices 139,3 126,7 96,5 138,6 115,7 Chassis fitted with engines, for motor vehicles CROATIAN AUTOMOTIVE INDUSTRY COMPANIES IN AUTOMOTIVE INDUSTRY IN CROATIA Number of companies in automotive industry Number of employees 2004 2005 2006 2007 60 67 69 74 3,041 3,135 3,155 3,565 Founded in 2006 with headquarters in Zagreb Cluster members – producing, engineering & developing companies in the automotive sector Total Employment: 2.000+ Employees Total Turnover 2007: 105 Mio. EUR Exports – 90% to the Western European countries/regions CROATIAN AUTOMOTIVE INDUSTRY CONCEPTS AND INNOVATIVE PRODUCTS • Croatian company DOK-ING project • Complete design and development of an Electric engine • Electromotor produced by TEMA, a croatian company • Test drive held in March 2010 ENERGY DEVELOPMENT STRATEGY 3 FUNDAMENTAL ENERGY GOALS SECURITY OF THE ENERGY SUPPLY ENERGY SYSTEM COMPETITIVENESS SUSTAINABLE ENERGY DEVELOPMENT ENERGY DEVELOPMENT STRATEGY DIRECTIVE EU 2001/77/WC MANDATORY SHARE OF RES IN TOTAL EN. CONSUMPTION EMISSION REDUCTION – KYOTO PROTOCOL ENVIRONMENTAL PROTECTION REDUCTION OF IMPORT DEPENDENCY EMPLOYMENT AND DEVELOPMENT OPPORTUNITIES ENERGY DEVELOPMENT STRATEGY CO2 emissions pcc OBLIGATIONS by 2020: greenhouse gas emissions cut by 20% 20% of total energy consuption from renewable sourcess increase energy efficiency by 20% 10% of biofuels in petrol and diesel fuel in total transportation cunsumption 35% of electrical energy production from ROI (including large hydro power plant) ENERGY DEVELOPMENT STRATEGY Goals by 2020 – 1,545 MW from Renewable Energy Sources 1200 MW FROM WIND MILLS 140 MW FROM BIOMASS ENERGY PLANTS 100 MW FROM SMALL HYDRO-POWER PLANTS 45 MW FROM SOLAR POWER PLANTS 20 MW FROM GEOTHERMAL POWER PLANTS 40 MW FROM THERMAL ENERGY PLANTS USIING COMMUNAL WASTE REALIZED PROJECTS wind hydro solar biomass ti o n s ra ge ne co bio ma s r so la dro cogeneration hy 164 wind farm 63 small-scale hydropower plant 29 solar power plant 10 biomass 8 cogeneration 160 140 120 NUMBER OF 100 80 REQUEST 60 40 20 0 wi nd By March 1st 2009 a total of 287 requests have been received : ENERGY TYPE REALIZED PROJECTS Wind Park Krtolin 11.95 MW WPD Germany OPPORTUNITIES INSOLATION MAP Photovoltaic Solar System Performance Calculator http://oie.pondi.hr/ 2 600 hours of sunshine per year on the Croatian coast provide ideal conditions GEOTHERMAL FIELDS The biggest geothermal fields in the Republic of Croatia OPPORTUNITIES The Energy Act 5 sub-Acts - since July 1st 2007 Define: Right to incentives (feed-in tariff) Compulsory purchase of electrical energy from RES The operator (HROTE) has an obligation to connect the client to the network Process of acquiring the status of the eligible producer INVESTMENT INCENTIVES Special support for: Manufacturing activities Technology and R&D Centres Strategic and Business Support Services ABOUT TIPA (Trade and Investment Promotion Agency) Established by Croatian Government Project managers at your disposal 24/7 One-Stop shop for investors Our professional service is free of charge Propose measures to enhance the business environment CROATIA \ APIU TIPA SERVICES LABOUR MARKET MONITOR A unique place of information about the workforce in Republic of Croatia that provides an insight into the labour legislative through a simple and structured interface and allows investors to make estimations of workforce availability and cost. BUSINESS ZONES DATABASE Database of more than 200 business zones accross the country, consisting of all data for investors such as available land, cost, legislative, incentives, infrastructure, geographical position, operational cost, etc. INCENTIVE CALCULATOR Incentive calculator was developed by APIU to provide an additional service for potential investors. Through online calculator investors can instantly calculate the amount of incentives granted on the basis of Investment incentive act. OURSERVICES SERVICES TIPA TIPA PROVIDES! • • • • information about economic and legal investment environment guidance through free zones and industrial parks database of available land and property organized site visits tailored to meet investors’ needs TIPA ASSISTS! • • • • prior, during and after realization of investment projects in getting promptly all needed administrative licences with gaining access to state and local incentives in creating added value for projects TIPA NETWORKS! • • • • government bodies local and regional institutions TAX, financial, and legal advisors utility companies CROATIA \ APIU SERVICES THANK YOU! Contact Consulate General of Croatia in Chicago at 1 312 482 9902 or Trade and Investment Promotion Agency @ www.apiu.hr Phone: +385 (0)1 4866 000 +385 (0)1 4866 001 Fax: +385 (0)1 4866 009 Address: A. Hebranga 34/10000 Zagreb Croatia