HGK expects further increase in investments this year

HGK expects further increase in investments this year

Investments in Croatia increased to HRK 46.6 billion in 2014, according to the latest figures from the National Bureau of Statistics, and the Croatian Chamber of Commerce (HGK) expects this growth to continue this year as well.

After four years of decline, which began in 2009, investments have slowly started to recover, the HGK said on Tuesday. By comparison, investments in 2008 totalled HRK 83.7 billion, about 45 per cent more than in 2014.

Gross investments increased by 3.2 per cent year on year. Investments in construction works, which account for the largest share in the investment structure, decreased by 1.8 per cent, while all other types of investment increased.

Investments in new fixed assets, which account for about 90 per cent of all investments, went up by 2 per cent. The largest investments were made in public administration, defence and compulsory insurance, which were backed by EU funding, and in the manufacturing industry.

The largest increase in investment was recorded in transport and storage (mostly thanks to the construction of a new passenger terminal at Zagreb Airport), public services, and accommodation food service activities (reconstruction and construction of hotels). The largest decreases were recorded in the construction sector and in electricity, gas and water supply.