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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.

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