AmCham presented the results of its annual Survey of the Business Environment in Croatia

The survey encompasses the following areas: business results in 2019, business environment, impact of institutions on the business environment, comparison with the region, business expectations and doing business with the USA.

Positive assessment of their business results was given by 67% of the participants, while 55% reported an increase in the number of employees.

Although a significant number of participants rated their business experience in Croatia as average (43%), when compared to 2018 there is an increase of positive business experience in Croatia that in 2019 was 49% and decrease of the negative one. 52% of participants have noticed improvement in business conditions in the last five years. As the three main limiting factors for their business in 2019 respondents highlighted taxation of labour and, evenly, lack of adequate workforce and high taxation on doing business.

Comparing Croatia with other CEE countries, 13% of respondents consider the business conditions in Croatia better, 37% average, while 50% consider them worse than in other countries. The greatest disadvantages of Croatia compared to other CEE countries include the small size of the market, level of taxation and slow administration. 

In the next three years, 80% of the AmCham member companies plan to expand their business in Croatia, while only 2% plan a reduction. As for job creation, 71% of the companies plan to hire new employees in the next three years.

The entire Survey available on the link.