Croatian Foreign Direct Investment Rose to $1.3 Billion in 2011

Croatian foreign direct investment rose to 1 billion euros ($1.3 billion) in 2011 from 295 million euros in 2010, the central bank said today in a statement on its website, citing preliminary data.

Croatia, which is preparing to become the European Union’s 28th member in July 2013, is struggling to recover from a two- year recession. The economy contracted 0.4 percent from a year earlier in the fourth quarter of 2011, with output unchanged during the whole of that year. FDI was 4.2 billion euros in 2008.

To contact the reporter responsible for the story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for the story: James M. Gomez at jagomez@bloomberg.net

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