In addition to public investments, Croatia also needs investments from the public sector in order to overcome the present crisis, Construction and Physical Planning Minister Ivan Vrdoljak said at the 8th international conference on the Croatian real estate market in Zagreb on Tuesday.
"State investments in infrastructure and the real estate sector will be considerable in the forthcoming period, but it is well known that public investments are not enough for economic recovery," Vrdoljak said. He called on private investors to consider increasing their investment activities, adding that his ministry would be at their service.
The minister announced a series of changes to laws and regulations in order to facilitate the implementation of projects, citing amendments to the Physical Planning and Construction Act. The amendment process is to begin in about a month and is expected to be completed by the end of the year.
Among those attending was British Ambassador David Slinn, who spoke about building preparations for the Olympic and Paraolympic Games in London. He said that the preparations for the Olympics gave a considerable impulse to the national economy, with an estimated value of 21 billion pounds.
The two-day conference will focus on the impact of Croatia's forthcoming accession to the European Union on the domestic real estate market, the Olympic Games in London, urban regeneration, and green building. Over 20 projects, which are being implemented in Croatia and whose total value exceeds 10 billion kuna, will be presented.
