EU concerned over treatment of investors
Croatia wants to join the EU, but Brussels continues to criticize Zagreb’s discrimination against European investors in Croatia, local media state.
Sunday, 27.09.2009.
11:02
Croatia wants to join the EU, but Brussels continues to criticize Zagreb’s discrimination against European investors in Croatia, local media state. According to Croatian news website Poslovni.hr, the EU is concerned by the growing number of complaints from EU companies investing in Croatia. EU concerned over treatment of investors Investors are complaining of discrimination and the increasing number of formal and informal obstacles for doing business in Croatia. “With entrance in the EU, Croatia will become part of a united market, and already enjoys the privileges of a trade status which was enabled by the Stabilization and Association Agreement,” an EU diplomat said, adding that it is unacceptable for a country that wants to join the EU to behave in this way towards European investors. The EU also warns that Croatia is not exporting enough in relation to its imports, and that more investments are needed. Investors are troubled by increased taxes, frequent changes in laws, slow administrations, and the state of the courts, which handle cases too slowly, according to the Croatian news portal.
EU concerned over treatment of investors
Investors are complaining of discrimination and the increasing number of formal and informal obstacles for doing business in Croatia.“With entrance in the EU, Croatia will become part of a united market, and already enjoys the privileges of a trade status which was enabled by the Stabilization and Association Agreement,” an EU diplomat said, adding that it is unacceptable for a country that wants to join the EU to behave in this way towards European investors.
The EU also warns that Croatia is not exporting enough in relation to its imports, and that more investments are needed.
Investors are troubled by increased taxes, frequent changes in laws, slow administrations, and the state of the courts, which handle cases too slowly, according to the Croatian news portal.
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