AmCham, World Bank focus on productivity and competitiveness in Croatia

Increasing productivity is widely seen as essential for Croatia’s continued economic development. 

To address the issue, the American Chamber of Commerce (AmCham) and the World Bank Office in Croatia organized a conference in Zagreb on Tuesday focused on boosting productivity and competitiveness.

Andrea Doko Jelušić of AmCham and Finance Minister Tomislav Ćorić discussed ways to strengthen productivity and competitiveness through private investment.

“Smart investment in technology and innovation, investment in human technological and digital skills, and a predictable and efficient business climate are the formula for success,” Doko Jelušić said.

Ćorić emphasized the importance of activating private capital through new IPOs and the privatization of certain state-owned companies.

“These are ways to activate private capital. However, the foundation for attracting any kind of private investment is a stable macroeconomic framework, which we have achieved, along with a fair tax system,” said Ćorić.

“We can say Croatia has met most of these criteria, but we still need to work on making our economy more competitive.”

He added that special attention should be given to technological advancement in industry and the digitalization of the economy.