Meeting with the IMF Delegation

On October 18, 2017 AmCham met with Ms. Michelle Hassine and Mr. Olamide Harrison from the International Monetary Fund. AmCham was represented by Ms. Marija Pujo Tadić, Untitled Governor of AmCham Board of Governors/Attorney at law, Mr. Stanko Kršlović, Chair of Trade and Investment Committee/Philip Morris Zagreb, Mr. Hrvoje Stojić, Member of Trade and Investment Committee/Addiko Bank, Ms. Andrea Doko Jelušić, AmCham Executive Director and Mr. Dražen Malbašić, AmCham Policy Officer. Topics discussed at the meeting included the business environment in Croatia, ability to attract foreign direct investments and structural reforms. Besides shortcomings such as high tax burden on wages, legislative unpredictability and a significant percentage of gray economy in the overall economy Croatia made improvements. In the period of last three years Croatian GDP constantly grew at around 3%. It is important to note that the growth was broad-based. Sectors Croatia is competitive in include: tourism, IT, pharmaceutical industry, agriculture, shipbuilding, medical services and wood and metal processing. It was concluded that there are a number of competitive incentives offered by Croatian Government but more needs to be done promotional efforts of Croatia as investment destination.