Croatian First-Half FDI Drops to One-Third of Year-Earlier Level

Croatian foreign direct investment fell in the first half of 2012 from the same period a year ago to 154 million euros ($200 million), according to central bank data.

FDI reached 485 million euros in the first six months of 2011, according to data released by the central bank last October.

Croatia, which is set to become the European Union’s 28th member in July 2013, is struggling to recover from three years of recession or stagnation. The economy contracted 2.2 percent in the second quarter of the year from a year earlier. FDI was 4.2 billion euros in 2008, the last pre-crisis year.

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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