Energy Can Be Driver of Investment Development

By 11 April 2019

ZAGREB, April 11, 2019 - The energy sector can be the driver of Croatia's investment development, so it is important to have a good energy strategy, the head of the Energy and Environmental Protection Division at the Croatian Chamber of Commerce (HGK), Marija Šćulac Domac, said on the occasion of the Energy Democracy Summit, the HGK said in a statement on Thursday.

The summit is taking place in the northern coastal city of Pula from 10 to 12 April and has brought together over 400 participants from 14 countries.

The idea of energy democracy implies the highest level of responsibility for the future of the planet through energy policies, technological development, international and regional cooperation, and vision, the statement said.

"The energy transition on which we are embarking is not just an energy and economic issue, but also a major social and political issue. The importance of energy for economic activity and growth is unquestionable. It is to be expected that the energy sector will be the main driver of Croatia's investment development with a series of projects that will come not just from public companies but also from the private sector. That's why it is very important to have a good energy strategy," Šćulac Domac said.

Ortal Elbaz, Consul at the Israeli Embassy in Croatia, said that her country, which is the partner country of the energy summit, had once been an energy importer and the situation had changed after the discovery of natural gas sources in the Mediterranean.

The summit will discuss the wider regional context of the complexity of the energy sector and supply security, with emphasis on the priorities of Croatia's energy policy by 2030. Among the key issues are the institutional framework in the energy sector, the implementation of short-term sectoral measures aimed at encouraging growth, the launch of medium- and long-term measures in specific energy subsectors, and the promotion of the advanced energy network.

More energy news can be found in the Business section.