CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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Explore the Balkans Business Opportunities, Helsinki 27.3.2018 CROATIA BiH (BOSNIA AND HERZEGOVINA) Laura Stojic Team Finland Coordinator Embassy of Finland Zagreb
Finland in Croatia, BiH and Holy See
Ambassador Risto
Piipponen in charge as of
January 1, 2018.
Photo: Office of the President of the Republic of
Croatia, Vinko Jovanovac
27.3.2018 2
27.3.2018 3
Business back then…
Presidents Josip Broz Tito of Yugoslavia and
Urho Kekkonen of Finland visit Rovaniemi
during Tito’s state visit to Finland in 1964.
Copyright: Lehtikuva / Matti Tapola
Jugoplastika in Split used to produce 4,5 million
bags per year for Adidas...
27.3.2018 4
Images of today
27.3.2018 5
EU membership status
Croatia: Member (2013)
BiH:Potential candidate
(application submitted
02/2016)
Population
Croatia: 4,5 million
BiH: 3,5 million
Language:
Croatian
Bosnian, Serbian, Croatian
Currency:
HRK & BAM EUR
Makes sense:
Croatia is one of BiH’s major
foreign trade partners and the
biggest investor in BiH.
27.3.2018 6
Political scene
• Croatia is run by PM Andrej Plenković & HDZ-led
(centre-right political party) coalition government
• BiH, a country with two entities:
1) the Federation of BiH (mostly Bosniaks and Croats)
2) Republika Srpska (mostly Serbs)
+ self-governing administrative unit Brčko District,
administrated by both entities.
The presidency: 3-member body, serves as a head of state
The Office of the High Representative (OHR), an
international institution responsible for overseeing
implementation of the Peace Agreement ending the war in BiH
27.3.2018 7
Anything in common?
27.3.2018 8
Fresh water and forest superpowers
Forests (% of land area) Freshwater (per capita)
CROATIA 47% 27 330 m3
BiH 63% 9 955 m3
FINLAND 75% 20 050 m3
27.3.2018 9
Team Finland companies in Croatia & BiH
• Finnish companies (cca. 20) : NOKIA, VALMET, KONE, CRIMPPI, LINDSTRÖM GROUP,
ALMA MEDIA, MARINETEK, SOFTWARE SAUNA etc.
• Distributors or representatives (cca 70): MOLOK, KEMPPI, BELLA BOATS, F-SECURE,
TIKKURILA, PLANMECA, VAISALA, etc.
27.3.2018 10Made in BiH & Croatia
Artisan, BiH Končar Generators & Motors, Croatia
27.3.2018 11Economic & doing business indicators
2017 Croatia BiH
GDP growth (%) 2,8 3,0
GDP per capita (euros) 11 000 4 300
Unemployment (%) 11,1 20,7
VAT 25% 17%
Corporate income tax 18% 10%
Average salary (net, euros) 800 450
Doing Business (WB) - 190 countries 51. 86.
Corruption perceptions indeks - 180 countries 57. 91.
Direct flights from HEL May-October No
Alphabet Latin Latin & cyrillic
Prrice of a beer (0,5 l, euros) 2 1,5
27.3.2018 12Business opportunities in Croatia & BiH,
examples only
Croatia
• Waste management (e.g. high
landfill waste rates, investments in
recycling yards, incl. islands)
• Health tourism - a strategic priority
BiH
• Poor access to safe drinking water:
only 65% of the population
connected to public/municipal
water utilities (EU average: 90%)
• Air pollution: Tuzla is the 2nd most
polluted city in Europe after
Macedonia´s Tetova
• District Heating in Cities Initiative,
from heavy oil to renewables
27.3.2018 13What can we do
together?
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KIITOS! HVALA! laura.stojic@formin.fi +385 98 279453 @Finkinja Embassy of Finland Miramarska 23 HR-10000 Zagreb, Croatia finland.hr twitter.com/FinEmbCroatia facebook.com/FinEmbZagreb
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