Transcript Slide 1

INTRODUCTION TO
EU AMBASSADORS
LAUNCHING INVESTMENTS
THROUGH JOINT ACTIVITIES
Domagoj Milošević
Deputy Prime Minister of the Republic of
Croatia for Investment
Zagreb, 31.01.2011.
Vice Prime Minister of Republic of Croatia for Investment
MAIN GOALS
 To kick off investments and projects which
have been stopped or slowed
 To launch new projects and bring in
investors not previously present in RoC
 To create new jobs
Vice Prime Minister of Republic of Croatia for Investment
ACTIVITIES TO ACHIEVE THESE
GOALS
 Identify barriers to foreign and domestic investment and
define and implement measures to remove them
 Collect data on all investments in the RoC and Croatian
investments outside the RoC, and classify them
 Draw up a comprehensive guide to investment and a
transparent system of investment incentives
 Cooperation with bodies of state and regional administration,
local self-government and the diplomatic corps
Vice Prime Minister of Republic of Croatia for Investment
OPERATIONAL COOPERATION
National team for
investment (state
secretaries and
heads of agencies)
Office of the Deputy Prime
Minister of the RoC
Strategic level
Operational – national
Operational - regional
Ministry of the Economy,
Labour and Entrepreneurship
– Directorate for Economic
Diplomacy, Exports and
Investment
Regional development
agencies – County One Stop
Shops
Vice Prime Minister of Republic of Croatia for Investment
Croatian Investment
Board
OPERATIONAL PLAN
 STRATEGIC LEVEL
 Monitoring and preparation of key public projects
 Improvement of legal framework
 Removing barriers
 NATIONAL OPERATIONAL LEVEL
 Proposing the measures for improvement of investment climate
 Organizing meetings to overcome particular investors’ issues
 Managing the projects in realization phase
 REGIONAL OPERATIONAL LEVEL
 Site visits organization
 Dealing and solving local level administration and obstacles
 Development of the investment infrastructure on the county level
Vice Prime Minister of Republic of Croatia for Investment
PUBLIC SECTOR POTENTIAL
 Catalogue of investment projects of interest to RoC in the
public sector – total investment value:100 billion kunas




Energy
Tourism
Water management
Transport infrastructure
 10 projects launched with a total value of 5.5 billion kunas
 HEP, JANAF, HŽ
 Port of Rijeka, Port of Šibenik, Port of Dubrovnik, Zagreb Airport
 Croatian Waters
 Total investment potential of companies: 60 billion kunas
Vice Prime Minister of Republic of Croatia for Investment
INVESTMENT CLIMATE
IMPROVEMENT
 Investment Incentives Act (OG 138/06)
 Production activities, technological and R&D centers
 Strategic activities of support for businesses
 Incentives for major investment projects and possible additional local
incentives
 “Development of Investment Climate” Project
 EU financing - IPA IIIc – value: 2.5 mil.€
 Implementation of Certification Programme for Regions (ICPR) –
phase 3
 Final beneficiaries – 20 Croatian counties
 Promoting Croatia as a desirable investment destination
Vice Prime Minister of Republic of Croatia for Investment
INVESTMENT INCENTIVES
Tax incentives
Value of investment
(€ mil.)
Profit tax reduction
Period
(years)
No. of new jobs
Length of
employment (years)
0.3 – 1.5
50%
10
10
3
1.5 – 4
65%
10
30
3
4–8
85%
10
50
3
More than 8
100%
10
75
3
Employment incentives
Unemployment rate
Incentives (%)
Incentives
(max. per job created)
<10%
Up to 10% justifed costs
Up to € 1,500
10 – 20%
Up to 15% justified costs
Up to € 2,000
More than 20%
Up to 20% justified costs
Up to € 3,000
Education incentives
Type of education
Major enterprises
Small and medium-sized enterprises
General education
60% justified costs
80% justified costs
Specialized education
35% justifed costs
45% justified costs
Vice Prime Minister of Republic of Croatia for Investment
REMOVING BARRIERS
 Action Plan to remove noticed barriers to investment
 Accomplished
 Abolition of “problematic” Regulations by Minister Bačić
 Cooperation between MINGORP and Ministry of the Interior on entry
of foreign investors to RoC
 Regulations adopted on Land for Tourism
 Planned
 Joint investment in energy infrastructure by HEP and investors
 Acceleration of procedure between Croatian Forests and investors
 Acceleration of registration of RoC in plots
 Working Group – to remove administrative barriers to
individual investment projects
Vice Prime Minister of Republic of Croatia for Investment
AT SERVICE OF INVESTORS
 We offer
 Information on the economic and legislative investment environment
 Data bases on land and property available
 Guides through free and enterprise zones
 We help
 Before, during and after the realization of investment projects
 To obtain the necessary administrative permits quickly
 To obtain incentives on a state and local level
 We link
 Government, regional and local institutions in the RoC
 Tax, financial and legal consultants
 Municipal companies
Vice Prime Minister of Republic of Croatia for Investment
THANK YOU FOR YOUR
ATTENTION
Contacts
www.vlada.hr
Telephone:
+385 (0)1 4569 236
Fax:
+385 (0)1 6303 034
Vice Prime Minister of Republic of Croatia for Investment
E-Mail:
[email protected]
[email protected]
[email protected]
Address:
Trg svetog Marka 2
10 000 Zagreb
Republika Hrvatska