Tourist spending represents 19% of Croatia economy, more than ten times higher than the global average of 1.2%, shows research by UHY, the international and consultancy network.The rate of growth in tourist spending in Croatia over the last year was 9.1% up to USD9.6 billion in the last year, from USD$8.8 billion in the previous year.* Croatia was ranked 1st in the study. UHY studied 34 countries around the world, looking at spending by tourists (including travel to the country) in the past two years as a percentage of that country’s Gross Domestic Product (GDP).
Bank lending to European businesses now 25% lower than pre-credit crunch, hampering return to economic growth
Bank lending to the private sector in Europe is now on average 25% lower last year than it was before the financial crisis, hampering European economies’ return to economic growth, reveals a new study by UHY, the international accounting and consultancy network. According to UHY, in 2016 a total of USD 12.2 trillion was lent to businesses in the European economies studied – down from USD 16.3 trillion in 2008. By contrast, on average across all the 24 countries studied around the world, private sector bank lending increased by 24% over the same period in absolute terms.
Consolidated financial statements represent financial statements of a group, which consists of several separate legal entities: a parent company and one or more subsidiaries. The purpose is to present financial position and operating results of companies within a group as they were a single company.
When foreign investors found or participate in companies in Croatia, they gain rights and take on responsibilities under the same conditions and have the same status as domestic investors. Everything relating to relationships between domestic investors also relates to foreigners when they invest capital. Read more on hot to invest in Croatia...
Anyone can set up a business in Croatia – irrespective of nationality or place of residence. There is no specific investment legislation in Croatia, nor a minimum percentage of Croatian shareholdings required for foreign entrepreneurs setting up business in Croatia. Read more on how to establish a business in Croatia...
UHY HB EKONOM and UHY SAVJETOVANJE – partner institutions to the Faculty of Economics in Split for maintaining internship for students
We are proud that UHY HB EKONOM and UHY SAVJETOVANJE have become partner institutions to the faculty of Economics in Split, in which students of this faculty are going to preform internships.