Friday, 3 December 2021

Croatia One of Russia's main EU Partners, Says Patrushev

ZAGREB, 3 Dec 2021 - Russian Agriculture Minister Dmitry Patrushev said on Friday that Croatia was one of Russia's "fundamental partners in the EU."

Speaking after the tenth session of the intergovernmental Croatian-Russian commission for economic, scientific and technical cooperation, Patrushev said he was glad that despite the pandemic, the Croatian and Russian sides were meeting face to face.

He said the working group's work was successful, that a broad dialogue was held, and that he saw there were a number of cooperation areas.

Patrushev said Russia and Croatia cooperated the most in energy, infrastructure, healthcare, and education, and that the potential to cooperate in agriculture was high.

This year's trade doubled on the preceding period, so we can conclude that the potential for advancing relations is big, he said.

Both sides are interested in agriculture, he said, expecting a higher volume of trade in this field.

Patrushev said they also talked about possible cooperation in fighting the pandemic and agreed that the relevant state institutions should work on the mutual recognition of vaccination certificates.

Croatian Economy Minister Tomislav Ćorić said the meeting focused on bilateral relations as well as on topics of concern for the commission. He added that economic cooperation was good and had the potential to grow.

He said they talked about intensifying trade and that next year, on the 30th anniversary of its independence, Croatia would organise a large economic forum in Russia.

He voiced confidence that there will be opportunity to discuss visits planned for next year, including that of Croatian Foreign Minister Gordan Grlić Radman to his Russian counterpart Sergey Lavrov in January.

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Tuesday, 2 July 2019

Russia Ready to Invest Several Billion Euros into Croatia, With Conditions

As Poslovni Dnevnik writes on the 1st of July, 2019, Moscow alone has a budget of 40 billion euros, and it would be an idiotic move by Croatia to not take advantage of the potential this could bring to the country.

''Nobody has the power to invest as much into Croatia as Russia has, neither the European Union nor the United States of America, but in order for the Russians to actually put their money where their mouths are and invest in Croatia, there are preconditions that Croatia must meet,'' stated the Ambassador of the Russian Federation to Croatia, Anvar Azimov, on Monday during the Zagreb-Moscow economic forum.

At the forum held during the "Moscow Days in Zagreb" event, Azimov said that Russia was ready to invest several billion euros into Croatia, but Croatia must show interest and create the proper preconditions for these investments.

He pointed out that the relations between the country and Russia are stable and friendly. A good political dialogue has been established, and the links between the two countries are now excellent in many segments, but intergovernmental economic cooperation hasn't been following that good relationship, at least according to Azimov.

"The trade and the economy [between Croatia and Russia] are weak, I'm not satisfied with that as an ambassador, and I'm also not happy that Russian business hasn't recognised the opportunities offered to them in Croatia," said the Russian ambassador to Croatia.

He also stated that, according to his statistics, which don't actually match up with the statistics from here, Russia exported 700 million euros worth of gas to Croatia last year, and that Russian gas is the most favourable for the local market.

''The LNG Terminal isn't competition to us," he added.

Regarding the sanctions imposed on Russia, Azimov said that the Russians are losing oit because of them, but the West, as well as Croatian partners, lost three to four times more to those sanctions than Russia did. Azimov stressed that Russia is interested in renewing its ties with both the US and the EU.

"We'd like to be in harmony with our neighbors, and the EU is our neighbour," said the ambassador.

As for Croatia, he said that there should be no fear of geopolitical plans, and that the Russians do want to invest here. He stated that just Moscow alone has a budget of 30 billion euros, and that this country should utilise that massive potential. His wish is also for the Russian President, Vladimir Putin, to soon come to visit officially.

Since 1993 to the end of the third quarter last year, Russia has invested 410.9 million euros in Croatia. At the same time, 98.3 million euros was invested by Croatia into Russia.

The President of the Croatian Chamber of Commerce (HGK), Luka Burilović, is pleased with the economic cooperation between Croatia and Russia, noting that it still isn't at the level it was at until 2014 when sanctions were initially imposed on Russia, after which economic trade unfortunately almost halved.

"We had a continuation of growth until two or three years ago, we had stabilised economic relations, and we're slowly returning to the level it was at before 2014. Traditionally, we're very prone to the Russian market and we know it well, our companies have been operating there for many years, in Moscow alone we have twenty registered Croatian companies, and of course in many other regions over there, too. The Croatian Chamber of Commerce is institutionally working to strengthen economic relations with the Russians and there's a lot of potential to strengthen these relations, and I believe that will be seen in the coming years,'' Burilović said.

Last year, more than 122,000 Russian tourists visited Croatia, which is three percent more than were recorded in the previous year, but at the same time, there was a drop in overnight stays made by Russians, by two percent.

Make sure to follow our dedicated business page for more information on relations between Croatia and Russia and much, much more.

Wednesday, 7 December 2016

Largest Investment in Tisno in Over 30 Years: Russian Billionaire to Build 105m EUR Hotel Complex

While many have expressed a concern in business relations between Croatia and Russia in recent weeks, this was not the case of Russian businessman (and billionaire) Alexey Frolov, owner of the firm Aqua Relaxio, who is now on a plane to Croatia with his many associates.