Croatia is ranked in 46th position in a list of the best countries to do business in. The Forbes annual worldwide ranking of the best countries to run a business in last year and out of the 144 countries Croatia was positioned in 46th place.
Every year Forbes magazine produces their list “The Best Countries For Business” and last year European countries dominated. Denmark was ranked, once again, as the most competitive country and of the top 25 two-thirds were European countries. The list is complied by measuring many factors including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
Croatia ranked very well in the investor protection section, at 29th in the world, whilst in the innovation section came in at a disastrous 91st place. “Zagreb has cut spending since 2012, and the government also raised additional revenues through more stringent tax collection and by raising the Value Added Tax. The government has also sought to accelerate privatization of non-strategic assets, with mixed success,” writes Forbes on the situation in Croatia.