First Deputy Prime Minister Tomislav Karamarko visited the Ducati Komponenti company in Ludbreg, north Croatia on Monday for the beginning of construction of a HRK 42 million plant for the manufacture of low-voltage condensers and smart meter coils.
The 4,000 square metre plant is expected to hire 30 workers over the next year.
"Every initiative which creates jobs makes us happy. In the current state of the Croatian economy, with more than 100,000 jobs lost over the past four years, with so many people emigrating from Croatia because they can't find work, this investment indeed makes us happy," said Karamarko.
He said the government would work to make room for entrepreneurs, good investments and the absorption of European Union funds. We were very weak in absorbing EU funds over the past four years, which resulted in devastating job losses, he said.
Karamarko said that judging by investments and the approach to work, the economy in north Croatia was "deeply" in Europe.
Entrepreneurship and Crafts Minister Darko Horvat, who accompanied Karamarko, said north Croatia attracted investments and that the new plant was an example of a complete north-west Croatia.
He said the new plant represented a continuity in Ducati Komponenti's business. He said the company's previous investment was HRK 7.7 million. The company applied on time for Entrepreneurship Ministry incentives, using about HRK 1.5 million for the first investment, he added.
Ducati Komponenti director general Drazen Crnkovic said the 30 workers to be hired would work on the manufacture of low-voltage condensers and smart meters.
The company is part of Italy's Ducati Energia group, of the leading electric bicycle manufacturers in Europe. Last year, Croatian Post commissioned 180 e-bikes worth HRK 2.9 million.
(EUR 1 = HRK 7.5)