Automotive Industry in Croatia 2
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
WHY CROATIA
1.
STABLE BUSINESS ENVIRONMENT 6
2.
CONVENIENT LOCATION
8
3.
COST COMPETITIVE
COMPETITIVE ENTRY COSTS
READY INVESTMENT LOCATIONS
INCENTIVES AND FINANCING
- INVESTMENT INCENTIVES
- R&D INCENTIVES
- LOAN PROGRAMS
15
16
14
11
13
10
12
4. HIGH-LEVEL TALENT
EDUCATION 18
FOREIGN LANGUAGES KNOWLEDGE
PERSONNEL COSTS
20
17
19
WHY CROATIA
1.
STABLE BUSINESS ENVIRONMENT 6
2.
CONVENIENT LOCATION
8
3.
COST COMPETITIVE
COMPETITIVE ENTRY COSTS
READY INVESTMENT LOCATIONS
INCENTIVES AND FINANCING
- INVESTMENT INCENTIVES
- R&D INCENTIVES
- LOAN PROGRAMS
15
16
14
11
13
10
12
4. HIGH-LEVEL TALENT
EDUCATION 18
FOREIGN LANGUAGES KNOWLEDGE
PERSONNEL COSTS
20
17
19
5.
VIBRANT ENTREPRENEURIAL SETTING
BASE OF QUALITY SUPPLIERS 22
INNOVATION, E-MOBILITY AND AUTONOMOUS DRIVING
- RIMAC AUTOMOBILI 24
- FSB FORMULA TEAM 25
- AVL-AST 26
- YAZAKI16 27
- HStec 28
- GlobalLogic 29
- Visage Technologies 30
23
21
6.
QUALITY OF LIFE
31
7.
INSTITUTIONAL SUPPORT
MINISTRY OF THE ECONOMY, ENTREPRENEURSHIP AND CRAFTS
32
33
INTRODUCTION
5.
4
To any investor interested To any investor the interested automotive in industry, the automotive industry,
Croatia offers a stable Croatia business offers a environment,
stable business environment,
convenient location, convenient competitive location, entry competitive costs, entry costs,
productive and talented productive workforce, and talented vibrant workforce, vibrant
entrepreneurial setting entrepreneurial and excellent setting quality and excellent of life. quality of life.
VIBRANT ENTREPRENEURIAL SETTING
BASE OF QUALITY SUPPLIERS 22
INNOVATION, E-MOBILITY AND AUTONOMOUS DRIVING
- RIMAC AUTOMOBILI 24
- FSB FORMULA TEAM 25
- AVL-AST 26
- YAZAKI16 27
- HStec 28
- GlobalLogic 29
- Visage Technologies 30
4
23
21
6.
QUALITY OF LIFE
31
7.
INSTITUTIONAL SUPPORT
MINISTRY OF THE ECONOMY, ENTREPRENEURSHIP AND CRAFTS
32
33
5 5
1.
1.
STABLE STABLE BUSINESS BUSINESS
ENVIRONMENT
Croatia
Croatia
Steady GDP Steady growthGDP growthLow inflationLow inflatio
EU member state EU member state Expected to continue Expected to continue and unemployment and unemploy rate
in the following three in the years following three years
2018
2019
GDP growthGDP growth Inflation rateInflation rate Unemployment Unemployment
rate
+2.6% 2018 +2.6% 1.5%
1.5% 8.4%
8.4%
+2.9% 2019 +2.9% 0.8%
0.8% 6.8%
6.8%
6
6
P BBB - stable S&P BBB - stable ERM II
ch BBB - stable Fitch BBB - stable
ERM II
The formal process The of formal introducing process of introducing
estment credit Investment rating credit ratingthe euro is to be the initiated euro is soon to be initiated soon
gross Average salary gross salary
EUR 1 140
EUR 1 185
7
7
GDP, CURRENT GDP, PRICES, CURRENT million PRICES, EURmillion EUR
56000
54000
52000
50000
48000
46000
44000
42000
40000
38000
56000
54000
52000
50000
48000
46000
44000
42000
40000
38000
2013 2014 2013 2015 2014 2016 2015 2017 2016 2018 2017 2019 2018 2019
Source: Croatian Bureau Source: of Statistics, Croatian Croatian Bureau National of Statistics, Bank, Croatian Eurostat, National 2020. Bank, Eurostat, 2020.
2. CONVENIENT 2. LOCATION LOCATION
8
In terms of position In terms and transport of position resources, and transport resources,
Croatia is exceptionally Croatia competitive is exceptionally compared competitive compared
to countries in Central, to countries Eastern in Central, and South Eastern and South East
Europe. Investors Europe. find the Investors country’s find human the country’s human
capital and production capital potential and production a good potential a good
business proposition, business with proposition, the ability of with easily the ability of easily
moving products moving from Croatia products into from the Croatia into the
European Union European and onto Union the global and onto the global
market. Moreover, market. Croatia Moreover, has been Croatia has been
an EU member state an EU since member July state since July
2013, and is another 2013, and is another
competitive factor competitive with factor with
respect to other respect countries to other countries
in the region. in the region.
8
Easy access Easy access
to the European to the European
market market
Shortest
transit
time
Shortest
transit
time
3h
3h 2h
1h2h
1h
Lower
transit
expenses
Lower
transit
expenses
8 international 8 international airports airports
– reaching any part – reaching of Europe any within part of 3 Europe hours within 3 hours
Pan-European Pan-European Corridors Corridors
(X, Vb, Vc, VII) running (X, Vb, across Vc, VII) Croatia’s running territory across Croatia’s territory
6 international 6 international seaports seaports
- shortest transit - time shortest from transit Asia to time Central from Europe Asia to Central Europe
River ports
River ports
– direct access to – the direct Rhine-Main-Danube access to the Rhine-Main-Danube Canal Canal
9
9
Excellent road Excellent road
infrastructure infrastructure - road - road
infrastructure infrastructure quality quality
ranked 13th ranked out 13th out
of 141 countries of 141 countries
urce: World Economic Source: Forum World (WEF), Economic The Global Forum Competitiveness (WEF), The Global report Competitiveness 2019
report 2019