ZAGREB, Sept. 11 (Xinhua) -- Croatia has great potentials and expects huge foreign investments up to two billion euros (2.3 billion U.S. dollars) by the end of this year, Croatian economy minister Darko Horvat said here on Tuesday.
Speaking at a forum themed "Industrial Production and Foreign Investments", Horvat said that Croatia had received investments worth of 486 million euros (563 million U.S. dollars) in the first quarter of the year, and if the trend continues until the end of the year, two billion euros can be expected, given the investment potential.
"We have good projects and investment potential and it is up to us to set the investment cycle in motion," the economy minister said. He pointed out that Croatia's tourism industry, pharmaceutical industry and auto parts industry are most likely to receive foreign investments.
The minister announced the Croatian government will no longer finance companies in losses, and this also applies to shipyards "3. Maj" and Uljanik who were hit by a strike after failing to pay wages on time.
The meeting was organized by local daily Jutarnji List and also attended by representatives from the European Investment Bank and the European Commission.