AmCham welcomes planned opening of IBM technical support centre in Croatia

The American Chamber of Commerce in Croatia (AmCham) said on Wednesday it was very pleased with the planned opening of an IBM global technical support centre in Croatia.

It said that this project was one of the most significant foreign direct investments in recent years and proof that Croatia had the potential to attract investments with high added value.

It also noted that the investment was the result of years of the work of IBM people in Croatia and the Croatian government in promoting the country's investment potential.

The Croatian government's business visit to IT companies in the United States in 2014, initiated by the American Chamber of Commerce, helped strengthen relations with IBM on the global level and paved the way for talks on potential investments, the AmCham said in a statement.

We are glad to be part of this success story and we hope that investments like this will become a regular occurrence in Croatia. The IT sector is one of the most important drivers of economic growth and must be recognised as one of the priorities of the strategy to attract foreign investments. This investment will certainly contribute to a positive perception of Croatia as an investment destination, which is an opportunity that Croatia must seize, AmCham executive director Andrea Doko Jelusic said.

In order to become more competitive in attracting foreign investments, the Croatian government needs to work on further improving administration and judiciary efficiency, regulatory predictability, and better promote Croatia's comparative advantages such as its geographical position, educated labour force and good infrastructure, the statement says.

AmCham called for a greater focus on STEM (Science, Technology, Engineering and Mathematics) education and for closer cooperation between institutions of higher education and the business sector.

Last update: Wed, 20/07/2016 - 14:59

More from Croatia

Croatia ranked 43rd in WB's Doing Business report

The World Bank's "Doing Business 2017: Equal Opportunity for All" report ranks Croatia 43rd among 190 countries and...

Adris Group's Jan-Sept net profit HRK 570 mln

In the first nine months of 2016 the Adris Group generated a net profit of HRK 570 million while its total revenue...

Podravka Group posts net profit of HRK 142.2 mn

The Podravka food and pharmaceuticals group generated a net profit of HRK 142.2 million in the first nine months of...

Stier announces PM's visit Bosnia and Herzegovina

Because Bosnia and Herzegovina's European path is a priority in Croatia's foreign policy, Croatian Prime Minister...

HUB: Croatians' financial assets rapidly growing

Croatians are frugal and their financial assets are growing rapidly even though interest rates are at a historic low...