President, GE Executives Talk Interest in Investments in Croatia

By 10 February 2021

ZAGREB, 10 February 2021 - President Zoran Milanović on Wednesday met with a delegation of the General Electric company whose representatives expressed interest in investing in Croatia to contribute to curbing the emigration of highly skilled workers, the Office of the President said.

The GE delegation consisted of Endre Ascsillán, GE Vice President for Government and Strategic Affairs in Central and Eastern Europe, and Tungsram Group President and Chief Executive Officer Joerg Bauer.

President Milanović welcomed the interest expressed in investments to help keep highly educated workers in Croatia, expressing hope such investments would contribute to Croatia's economic development.

The US company General Electric, headquartered in Boston, is one of the world's biggest and most diversified corporations, with a number of products, from electric and electronic equipment to airplane engines and financial services, and it employs around 205,000 workers.

The company has been present in Croatia since 2015, when during the takeover of the French company Alstom it took over its business in Karlovac. General Electric Croatia exports more than 75% of its products and services.