CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
Explore the Balkans Business
Opportunities, Helsinki 27.3.2018

CROATIA
BiH (BOSNIA AND HERZEGOVINA)
Laura Stojic
Team Finland Coordinator
Embassy of Finland Zagreb
CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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...

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
Images of today

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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.
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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
Anything in common?

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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

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CROATIA BIH (BOSNIA AND HERZEGOVINA) - EXPLORE THE BALKANS BUSINESS OPPORTUNITIES, HELSINKI 27.3.2018 - BUSINESS FINLAND
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.

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Made in BiH & Croatia

Artisan, BiH            Končar Generators & Motors, Croatia
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Economic & 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

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Business 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

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What 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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