All posts by Mate

25 May 2020

PwC Hrvatska Odgovaraju na pitanja Hrvata iz inozemstva o poreznom sustavu

Jeste li Hrvat (Hrvatica) u inozemstvu i razmišljate o povratku u Hrvatsku? Jeste li nesigurni o porezima koje trebate platiti na dohodak, mirovinu ili na imovinu? Jeste li američko-hrvatski državljanin (državljanka) i imate pitanja o dvostrukom oporezivanju?

Pridružite nam se u ponedjeljak 1. lipnja u 18:30 hr na treći webinar Crodiaspore i Centar za obnovu kulture. Zahvaljujemo se odazivu Johna Gašparca, Predsjednika uprave PwC Croatia, i Hrvoja Jelića, Partnera – Porezi i regulatorne usluge PwC Croatia, kako bi raspravljali o poreznom sustavu i odgovarali na vaša porezna pitanja.

Ovaj webinar će biti besplatan ali ako vam se sviđa što radimo, molimo vas donirajte ACAP fondu za obnovu zagrebačkih bolnica. ACAP je lansirao ovu Crowdfunding kompanju u pomaganju onima koji su pogođeni u potresu pogotovo onima koji su u bolnicama oštećenima u potresu. Ako ste u mogućnosti, Preporučujemo vam donirati ovoj vrijednoj akciji. Saznajte više kliknom ovdje

Pošaljite nam vaša pitanja na croatia@crodiaspora.com kako bi se John i Hrvoje mogli pripremati njihove savjete. Webinar će biti dostupan na Facebook stranici Crodiaspore.

21 May 2020

[Croatiaweek] VIDEO: Croatian lawyers help to inform Croats abroad about legal issues

(Screenshot)

On Monday, Crodiaspora and COK (Center for the renewal of Culture) held their second webinar which tackles issues pertaining to Croats abroad.

The webinar informed the Croatian diaspora about the Croatian legal system and sought to answer many of the common legal questions Croats abroad have about doing business and their property rights in Croatia. Don Markušić and Monika Maretić, two Croatian lawyers, thoroughly answered questions and explained the common legal misconceptions people have when they do business in the country.

„Crodiaspora apologizes for the technical difficulties towards the beginning of the webinar and the unfortunate reality that we could not get to everyone’s questions. We will have part two of this webinar towards the end of June. We also received many questions pertaining to taxes in Croatia. Unfortunately, Croatian lawyers are not allowed to answer legal questions pertaining to taxes, but in light of this, we have decided to make our next webinar about Double taxation between the United States and Croatia. PwC Croatia will answer all of your tax-related questions on June 1st at 6:30 P.M.“

Below, Crodiaspora has put together a summation of the webinar:

Common-Law and Civil law, and what makes Croatia’s Judicial system peculiar

When Don moved to Croatia from Australia, he encountered many differences between the Common law and Civil law systems. Much of what he faced in Croatia was with the Croatian Bar association recognizing his law degree from Australia and how it could not be recognized because of the differences between the civil and common law systems.

“In Croatia I was the first common law lawyer, and the Croatian Bar association did not know what to do with me. It took them many years for them to work it out but after I got my law degree recognized, I established the precedent between common law and civil law”.

One of the questions answered later in the webinar was about the concept of a ‘trust’. This is an example of a concept that is not recognized in Civil law. On the other hand, Don also said that, “there are some common law principles that are being used more and more… For example, Financial instruments, the standardization and internationalization of finance has seen this concept also be implemented in Croatia. Another example is EU laws and many concepts [in Croatian law] came from there. Croatia has many good laws or else we would not be able to get into the EU. The actual problem is the implementation [of these laws].”

Don continued by addressing corruption in the judicial system as well as an equally troubling problem: incompetence. “Another problem is that there are concepts that are the same in common law and in civil law but some judges do not know how to apply them. In corruption surveys, Croatia is right up there in terms of the legal system. But sometimes I do not know what is worse, corruption or incompetence.”

Don further explained that he had an Australian client who desperately needed an injunction from a Croatian judge to protect his investment. Because the judge did not know what this was, Don’s client incurred financial damages. “There was a particular case, where there was two million dollars transferred from Australia to Croatia. The other lawyer in the case wanted to renege on the deal. So we sought an injunction on the bank account so that we can secure the money whilst the court case was going on, and [the defendants] didn’t care that we are suing them because they knew it was going to take a couple of years and by the time the court case finished they would have spent the money anyway. The judge took his sweet time in terms of rendering an injunction. So, I explained to them, the injunction is something urgent, we are preventing them from doing something. And he said no, I have to listen to all the clients, all the cases and other parties and it took a long time. So, what did we do about that? In this case, we didn’t get the injunction on time, and of course, this did a lot of damage to our client. So, what did we do? We sued the government of Croatia. ‘Your judge has cost our client 2 million dollars because your judge did not know what an injunction was.’”

He also discussed an additional difference between common law and Civil law. The concept of ‘being convicted’ differs in the two systems. “In the Common law system, once you are convicted: that’s it! You are convicted at first instance. If you want to appeal, you can appeal but until they appeal and the appeal is upheld and the conviction is quashed, then you still have the conviction. But here [In Croatia] it seems like things go on for years and years and you have these cases where these corrupt politicians are convicted. [When convicted] they say, ‘no, no, I’m not convicted’ so they appeal and the case goes back to court.”

Despite his criticisms of the Croatian judiciary, Don also expressed that there are some positive things about the Croatian judiciary. “But we are not saying that one system is better than another, like for example in Croatia they do not have a jury system. And I practiced Australian and British Law before coming to Croatia and when a case reached the High Court in Australia we always said, the case got here because ‘the Jury got it wrong’.”

Can you do a check on potential lawyers?

“Here in Croatia, it is a pretty closed profession. There is no system of checks and it is mainly word of mouth.” Don continues by saying, “you can, of course, report a lawyer to the Croatian Bar Association for disciplinary action. Lawyers cannot advertise, so we are trying to be careful with even this webinar. I have discussed this situation with Marko Zoretić, who is President of the Croatian American Bar Association, to see how we can get the Croatian Bar to open up a bit more and reduce the restrictions on lawyers and for lawyers to be able to advertise.”

Don suggested caution when hiring a lawyer in a foreign country to accomplish legal work in Croatia. “For example, an Australian client hired lawyers in Australia in relation to some legal work on his property in Croatia. The lawyers in Croatia subcontracted to a Croatian lawyer. The lawyer In Croatia that was subcontracted didn’t do his job and the Australian client is unsure of who to sue: the Australian or the Croatian lawyer.”

Don concluded by saying that there are also many good lawyers in Croatia who want to get the job done, just, unfortunately, the actions of some lawyers ‘spoil the bunch’.

Double Taxation and how are you personally involved in the treaty?

Double taxation is a big problem and it is an impediment for American investment.”

Don is the president of the Association of Croatian American Professionals (ACAP), and is leading a separate task force for the double tax treaty. ACAP, with their partners in Washington, has lobbyists in Washington who are negotiating with Treasury to move Croatia up on the list of countries with whom the United States need to ratify their double taxation treaty. Don also praised the American Ambassador for his actions.  “I must say that the American ambassador, Ambassador Kohorst, he has done a lot of work in this area. He has been in Washington and has been talking to treasury a lot, and he put Croatia on the list for the double tax treaty to be signed. Now we are on the list but it is now a question of putting us higher on the list.”

Many participants are asking about property that is inherited between multiple parties. How is the property passed onto the children, in other words, what are some of the possible solutions?

“To give land to your children, probate proceedings must take place in Croatia usually after somebody dies, and in Croatia, they are commenced by filing an application to the court. Even though the application is filed with the court, the notary public is the one who does the procedure and what is important to know is that you need to have the death certificate of the deceased, a list of the estates [the deceased owned] and a description of the family tree.” Monika also added that this procedure should not take more than 3 months if there is no dispute between the heirs and in most cases one hearing was enough to resolve the inheritance.

You can watch the question being answered on the link here 

Many have been wondering about their wills in other countries. What is the legal standing of wills from outside of Croatia and what is the process for those wanting to have those wills interpreted in Croatia?

Wills are considered legally binding contracts in Croatia. If the will is finalized and is legally binding in another country, all one has to do is have the will translated into Croatian and it is considered a legal document in Croatia. You would need to translate the will in Croatia at a court interpreter (Hr. sudski tumač)

You can watch the question being answered on the link here

Why is the land registry so important and what is the difference between the land registry and cadastre?

The Cadastre as the document that describes the physical features, essentially a map of the property, and the land registry is the paper that describes the legal rights to that property.

You can watch the question being answered on the link here 

A viewer from New Zealand writes: is there a law in Croatia that pertains to the co-ownership of land and property in Croatia? What are the obligations of the co-owners?

Yes, there is a law pertaining to co-ownership. Monika further explains, “Many people from the diaspora think that they own property but they are just one of 10 owners. Before I describe the obligations of the co-owner, I would like to just point out that there is a difference between co-ownership and joint ownership. At first sight it seems like we are talking about the same thing but there is a big difference between these two ownerships. Because if you are a co-owner, then your part in that ownership is specified. Like for example, you know how much of the house, like 1/3 or 2/3 of the house, and you are allowed to transfer those parts to somebody else, which is not the case in joint ownership. So, if you are in joint ownership, you know that you own land with somebody else, but you do not know what piece of the land is yours, you don’t know if you have ½ or 2/3 of the land and you are not allowed to transfer that part to anybody else.”

You can watch the question being answered on the link here 

An American viewer writes two questions: 1) I have land in Croatia that I have inherited and I am waiting for the government to assess its value so I know what my fees would be. I have been waiting years and they still have not evaluated the land. What’s a better way?

“So, Croatian lawyers are not supposed to advise on taxes. But if you are talking about the 3% transfer tax, this does not apply to property that is inherited. This is direct inheritance, like a husband, spouse, parents, children, that sort of thing. Otherwise, if you inherit property from somebody else, then you have to pay the 3% transfer tax.” He also stated that if the inheritance has not been resolved then technically one does not need to pay taxes and fees on that land since it is ambiguous who the taxpayer would be.

You can watch the question being answered on the link here 

2) As a dual citizen, is it better for me to finance property with a US bank account or a Croatian Bank account?

“It is not a case of which one you should pay from. it doesn’t matter how you pay for the property. The main thing is as long as everyone gets their money, including the buyer and the government if it includes the 3% transfer tax.”

You can watch the question being answered on the link here

For members of the Croatian Diaspora in the USA who do not hold Croatian citizenship, but hold properties in Croatia, what estate planning activities do you recommend they perform in the Croatian legal system to ensure that these assets are properly protected from risk during our lifetime and then allocated to beneficiaries upon death?

“As Don already mentioned, we do not have trusts in Croatia but as long as you own the land in Croatia, you just make sure that your ownership is registered and you make sure that no one is using your land without permission. So, if you have a [trusted] neighbour, maybe he can check from time to time if there is somebody on your land. Otherwise, there is no way of knowing if somebody is on your land, because you would need to be in Croatia.”

You can watch the question being answered on the link here

What are some of the options in opening a business in Croatia, what are the legal benefits of each business type, and what are the costs of opening each kind of business?

There are many kinds of companies in Croatia such as a d.d. (public limited company), d.o.o. (a limited liability company), j.d.o.o. (simple limited company), j.t.d (general partnership), k.d. (limited partnership), and obrt (sole proprietorship), economic interest association and branch office (subsidiary). Depending on what your business plan is and the goals that you want to achieve in Croatia will affect the type of business that one will choose.

You can watch the question being answered on the link here

On February 4th, while giving a talk at the Croatian Bar Association (Hr. Hrvatska odvjetnička komora), American Ambassador Kohorst mentioned 3 things that could immediately be implemented to make the legal system more efficient in Croatia. Those were: That court processes should be filmed, next is to implement a system that has clearly defined deadlines and dates in which decisions have to be made and finally, testimonies and court cases should be done sequentially, day by day, instead of the court cases being so spread out over months. What is your take on what the ambassador said and what are some other things in the Croatian court system that might be reviewed in the future to attract international investment?

I agree with it [the American Ambassador’s remarks]. These are really simple things and the lawyers that you talked about, they said that these 3 things cannot be implemented because you would have to change everything and that it would be too expensive. Well, I think that it would be too expensive to be missing out on US investment. The reason why the US ambassador made these suggestions is to make the judicial system more efficient so that we can get more American investment. The cost is not just an investor having a bad result in a court case but it is the loss of confidence by future investors.”

You can watch the question being answered on the link here

Conclusions

Overall, the Croatian legal system has its strengths and its weaknesses like any judicial system in the world. One thing in particular that Americans should remember when investing in Croatia is that they do not need to rely completely on the local legal system when faced with legal disputes pertaining to the government. “But there is another way, and that is not to rely on the Croatian legal system at all. And what I mean by that is, for example, if you are an American citizen you can rely on the bilateral investment protection treaty that the United States has signed with Croatia.”

“We have something in Croatia, what some would call them and are well known as local sheriffs. Local Mayors that are sometimes corrupt or they stifle investment just out of spite even if they do not benefit from it personally but the thing is that they exist and the Croatian Government, the national government, they can’t control the local sheriffs. But the thing is the national government is liable for the actions of these local sheriffs and local mayors. Even though they cannot control them, they are liable for their actions under the Bilateral investment protection treaty. So, for example, a current case, we are not going through the local courts but we invoke the bilateral investment protection treaty between the US and Croatia for our Croatian, and also American, investors. So, we have told the Croatian government, the national government, that the investor has suffered damage due to the actions of the local mayor and now it is the national government that will have to pay the damages.”

Don concluded with an important message and principle by which he lives his life. “The key to doing business or anything in Croatia is persistence. It might take longer, but once it happens it is a permanent change and it helps other people. My example of my law degree, I mean it took 10 years [For Croatia to recognize it], but now other people can benefit from this much more quickly.”

“You know Stepinac, he said that you should always fight even though it looks like it is impossible. There are good people here, there are good people everywhere. There are good judges, there are good lawyers and people in the public service in the bureaucracy.  When we think that something is absurd, we shouldn’t just frown upon it, they might just need to have it explained.”

Full video below:

14 May 2020

[Webinar]Croatian Lawyers Answer Questions from the diaspora

Do you have land in Croatia and it is unclear who is the landowner? Do you want to open a company in Croatia? Do you want to find out about particular legal traps?

Join us on Monday May 18th at 6:30 P.M Croatian time (UTC+1) for the second Crodiaspora- COK online academy webinar. We are excited to have Don Markušić, Lawyer and President of the Association of Croatian American Professionals Zagreb, and Monika Maretić, Lawyer, to discuss what you need to know about the Croatian legal system.

Send us your questions at croatia@crodiaspora.com so that Don and Monika can prepare their legal advice. The webinar will be available on Crodiaspora’s Facebook Page.

14 May 2020

[Webinar]Odvjetnici odgovaraju na pitanja Hrvata iz iseljeništva

Imate li zemlje u Hrvatskoj i nije jasno tko je zemljoposjednik? Želite osnovati tvrtku u Hrvatskoj? Želite saznati o određenim zakonskim zamkama?

Pridružite nam se u ponedjeljak 18. Svibnja u 18:30 h na drugi Webinar Crodiaspora Summit-a i Centar za obnovu kulture​. Zahvaljujemo se odazivu Dona Markušića, odvjetnik i Predsjednik Association of Croatian American Professionals​ Zagreb, i Monike Maretić, odvjetnica, kako bi raspravljali o pravodsudnom sustavu i odgovarali na vaša pravna pitanja.

Posaljite nam vaša pitanja na croatia@crodiaspora.com kako bi se mogli pripremati njihove savjete. Webinar će biti dostupan na Facebook stranici Crodiaspore.

14 May 2020

Odvjetnici odgovaraju na pitanja Hrvata iz dijaspore o ZAKONSKIM ZAMKAMA i pravosuđu u RH [Promise.hr]

Odvjetnici odgovaraju na pitanja Hrvata iz dijaspore o ZAKONSKIM ZAMKAMA i pravosuđu u RH

WEBINAR: KAKO ULAGANJIMA POKRENUTI HRVATSKU

ISELJENIŠTVO I SVIJET 14. svibnja 2020. D.K.Facebook39TwitterEmail

”Pošaljite nam pitanja na croatia@crodiaspora.com kako bi mogli pripremati  savjete odvjetnika. Webinar će biti dostupan na Facebook stranici Crodiaspore”, objavila je udruga Crodiaspora, koju vodi mladi povratnik, Mate Paškanović-Pavković, suorganizator Crodiaspora Summit-a, koji će se krajem listopada održati u Supetru na Braču

”Imate li zemlje u Hrvatskoj i nije jasno tko je zemljoposjednik? Želite osnovati tvrtku u Hrvatskoj? Želite saznati o određenim zakonskim zamkama?

Pridružite nam se u ponedjeljak 18. svibnja u 18:30 h na drugi Webinar Crodiaspora Summit-a i Centar za obnovu kulture​. Zahvaljujemo se odazivu Dona Markušića, odvjetnika i Predsjednik Association of Croatian American Professionals​ Zagreb, i Monike Maretić, odvjetnice, kako bi raspravljali o pravosudnom sustavu i odgovarali na vaša pravna pitanja.

Pošaljite nam vaša pitanja na croatia@crodiaspora.com kako bi se mogli pripremati njihove savjete. Webinar će biti dostupan na Facebook stranici Crodiaspore”, objavljeno je na navedenoj FB stranici udruge Crodiaspora, koju vodi mladi povratnik, Mate Paškanović Pavković, s kojim smo u veljači ove godine razgovarali povodom priprema za veliku konferenciju uspješnih poslovnih ljudi iz iseljeništva (Crodiaspora summit).

”Naši ljudi su itekako sposobni, samo im sustav Republike Hrvatske brani da to pokažu. Puno je tu nepravde koju moramo riješiti. Skori „Crodiaspora summit“ pokušati će osposobiti i pokrenuti hrvatsko gospodarstvo, bez utjecaja politike“, istaknuo je tada u razgovoru za naš portal Paškanović Pavković, koji se prije tri godine vratio u Hrvatsku te koji zadnjih mjeseci intenzivno radi na organizaciji konferencije hrvatske dijaspore, koja će se od 29.-31. listopada 2020 održati u Supetru na otoku Braču. Ciljana predavanja će održati mnogi vrlo uspješni i poslovni ljudi hrvatskog porijekla iz cijelog svijeta.

Probleme u Hrvatskoj neće riješiti politika, nego Hrvati koji žive izvan Hrvatske i u Njoj. Oni mogu osloboditi hrvatsku ekonomiju, jer naši ljudi u iseljeništvu imaju i strast i znanje i novac”, naglašava učestalo Matija.

Napominje da je fokus konferencije na poslovanju te na povezivanju i spajanju poduzetnika i ljudi u Lijepoj našoj i hrvatskih iseljenika, bez obzira na njihovo ideološko i političko uvjerenje.

‘Webinarima’ koje organizira i prije same konferencije na Braču, pokazuje, prema svemu sudeći, da uistinu namjerava uz pomoć stručnjaka iz dijaspore pokušati pokrenuti razvoj Hrvatske.

FOTO: Screenshot videosnimke; preslika FB stranice Crodiaspora

Hrvati NISU NESPOSOBAN narod; uspješni ljudi iz dijaspore će, a ne politika, kroz biznis OZDRAVITI HRVATSKU

KAKO SPASITI DOMOVINU: Uspješni ljudi iz dijaspore KROZ BIZNIS kane pokrenuti Hrvatskusource: promise.hr

source:promise.hr

08 May 2020

VIDEO: PwC Croatia Country Managing Partner weighs in on post-COVID-19 business reality [Croatiaweek]

On Monday, Crodiaspora and the Centar za obnovu kulture(COK) held their first bi-monthly webinar with guest John Gašparac, Country Managing Partner at PwC Croatia. The webinar was about how Croatia can prepare for a post-corona business reality. John answered pressing questions about what the new business normal will be and the effects it will have on the Croatian economy. watch the interview, moderated by Stjepo Bartulica, above or read the synopsis below:

How has the business climate changed at PwC Croatia, and how is the global PwC company preparing itself for the new circumstances? What could the new normal look like?

John talked about contingency planning and previous investments that are seeing the light of day at PwC, “I think PwC in one way, because of our investments in technology and the nature of our business, has been preparing for this for a long time and we are seeing those investments pay off. Case in point, we do a lot of our work digitally. We have the audit business; we have the tax business; we have an advisory business… and we have the ability to work from home and we have everyone doing just that”

Next, John discussed what PwC has shifted in its global operations. “Globally we’ve got over 300,000 people… and I have been on calls with our global chairman from New York, talking from his kitchen at 6 in the morning there, and its 12 noon here; and talking to all the country managing partners around the world. Everyone is at home. My point to that is that we are all working, we are all productive… we did not think that that was possible.”

It was also interesting to note where PwC is focusing its finances during the Corona crisis. As DM did in Croatia during the 2008 crisis, PwC is also focusing on retaining their people. “One of our focuses at the firm is people over profits”. That might be surprising to hear but we have to keep our key capacities in place, so we are planning to keep our key talent who has the right behaviours and the right skill sets. We want to keep them engaged and happy. If it costs something, we are willing to do this.”

The Croatian business climate and the reality of returning to work

John also outlined what Croatian businesses are struggling with during the crisis. Like any crisis, the key to getting through tough times is being able to be financially liquid and to mitigate cash stress situations. PwC used their global advantage by having offices in early hit countries report their issues with their businesses so that other markets PwC operate in could prepare a more informed plan. “There were discussions with the Chinese firm and the Italian firm that did this ahead of everybody else. Because they had their peeks before the rest of us did in terms of the pandemic, and they were all working from home, they all said that they focused on cash first, liquidity.”

Interestingly, PwC Croatia’s HR department has conducted satisfaction surveys of their employees while they have been working from home. Apart from the distractions staying at home entails, over half of their employees are happy to stay at home and would like to work from home even after the crisis. John goes onto say that his prediction is that, in general, office space will be reduced and PwC Croatia has already begun to prepare for this. “before social distancing, we normally had 216 seating places in the office. We have now done the work and mapped out our spots and now we are down to 109. So now at full capacity, we will only have 109 people in the office.”

The PwC office in London reduced their office space after the 2008 financial crisis and they are now over double the size they have been in previous years. John thinks that PwC offices around the world will implement a model similar to the PwC office in London. If other businesses are considering this option, this could have a deep effect on the commercial real estate market.

Tourism and diversifying Croatia’s economy

Reset oriented and business agility. John believes these are the skills that Croatian companies need to have to survive. This is a time to have a reset mindset and companies have to come to the realization that no matter what one thinks about COVID, whether it is a real danger, the world has changed.

One of the sectors that have been underdeveloped is the Agriculture sector. “To put it simply, Croatia can be easily feeding itself without import. We have the ability to do that, for our basic needs, 100%. Exporting as well. “We have the ability to feed, I believe the estimates are 10-11 million people, and there are 4 million in Croatia.”

Many companies from this crisis have seen that a simple event such as a world pandemic has made them susceptible to economic hardship. “When you talk about logistics and transportation, these are things that are coming out of COVID, a lot of people have seen how fragile they are. Us individually as people but companies as well. How one small event, rather a simple event, has thrown us into a different world and a different way of thinking.

John concluded that companies who do not change now and become more agile in their business processes could face detrimental consequences if there is a second wave. Also, not changing could affect their Brand and how consumers interact with them.

Public sector and private sector are alike

John says that the public sector should not be excluded from the changes that are needed in the post-corona era. “One last thing I will talk about is the public sector. Now more than ever, they see how fragile they are and there have been a couple of banks that we work with, that apart from being hit by COVID and having their staff being sick and contracting COVID, the earthquake killed their premises, they do not have anywhere to go to right now. We can’t forget the earthquake effect which has maybe also doubled up people’s ideas that ‘you know what, I need to change.’”

Public sector and private sector are alike, and they are going to reconsider their investments, their big bets… one thing is to provide support to the economy, to companies in this time of crisis, and another thing is to rethink your strategy, revisit your growth model and look at what specific policies you need to implement to prevent a future shock… if you do not come out of this different and hopefully stronger and a little bit wiser, somethings wrong,” says John.

In recent years it has been debated if the Croatian government should digitize voting and government administration. John touched upon this point as well by saying, “The government themselves need to digitize, they need to go E-government. Digitizing is two-fold, you will be faster for the consumer, but you will also be getting rid of the jobs that we do not need.”

This goes hand in hand with the tax burden that Croatians have to face as well as other movements that have arisen in the past few weeks during the coronavirus such as the Glas Poduzetnika (the voice of entrepreneurs) movement. The government makes up over 50% of the economy, including owning shares and stocks in companies. The large government administration needs to be sustainable in the future. There is something that has to give, especially with the number of people the government currently employs. Big government equates to a high tax burden on not just the private sector but on the average Croatian citizen.

John added, “They are raising public debt again, they were at 73% of GDP last year and it is estimated that it can go up to 84%, so all that work bringing it down is now wiped out and it is going to go back up… apart from the tourism sector, I think we have talked about this before, they keep saying it’s growing it’s strong, but one terrorist event and you’ve lost the season. Well, this is like a terrorist event, it just happened. Everyone has been talking about it. have we been talking about a contingency plan? no, we haven’t.”

Croats returning and expats in the country during the COVID-19 crisis

John voluntarily works on the American School Board, and many expats in Croatia send their sons and daughters to the American school. As an example of how expats reacted to the COVID-19 outbreak in Croatia, American expats in the country were offered to come back to the states. Many of them actually felt safer in Croatia and refused the offer to return.

“Case in point, maybe it’s one of the benefits of the small country that we are and undoubtedly I think our Stožer Civilne Zaštite (the national civil protection authority) did a good job. like them or not, they did a good job in managing this.”

John did touch upon retaining people and possibly creating a domestic investment scheme.“lets really stimulate this segment [IT, Tech] you know, to get new ideas for technology and build up our own infrastructure like its never been done before. This is part of the country’s transformation, but it is keeping a skillset here. I am not going to say that it is going to keep young people here but the talent pool can be retained here for a little bit longer which is not a bad thing. This could make local investors look at them [retained talent in Croatia] and not look for opportunities elsewhere. There can be a synergy coming out of this that was not expected.”

Conclusions

This can be an opportunity for Croatia to reset. We have seen how fragile the world economy is and the strength and resilience Croatia has shown in spite of the crisis. The world is changing but Croatia has a massive opportunity. Working from home can also create opportunities for people abroad to work from anywhere and many Croats could possibly have the opportunity to move back to their homeland. Crodiaspora and COK will continue this webinar series as we address the opportunities for all Croatians to forge an economic future for our homeland. Our next Webinar will be on Monday, May 18th with Don Markušic and Monika Maretić as they answer your legal questions about Croatia.

Source: Croatiaweek

03 Apr 2020

Conference Postponed

Dear Croats from around the world,


We hope that this message finds you well and in good health. It is an uneasy time for people all across the world but we have been working hard to make sure the Crodiaspora Summit will go forward. After tracking the growth of the virus, Crodiaspora has decided to postpone the Crodiaspora summit to October 29-31, 2020.

We understand that these new dates may be inconvenient for those who have purchased tickets. Please contact Mate Pavkovic at mate@crodiaspora.com if you are seeking a refund for the conference.


Obstacles can be interpreted as opportunities. The reason why we started Crodiaspora is to showcase why we need to focus on diversifying our economy so that we can rely on more than tourism and the service sector. We believe that Croats from around the world uniting through this conference and in other ways will invoke the change that is desperately needed in our Homeland.


God bless! Bože čuvaj Hrvatsku

03 Apr 2020

Odgođena Konferencija

[ENGLISH TEXT HERE]

Drage Hrvatice i Hrvati iz cijeloga svijeta,

Nadamo se da ste svi živi i zdravi i sigurni sa svojim obiteljima!
U ovo teško doba u kojem smo se svi zatekli, nije nam bilo lako, ali radili smo i uspjeli da se Crodiaspora Summit 2020 odgodi i bude održan. Naime, pomno smo pratili vijesti i razvoj situacije vezane za COVID-19 te sukladno tome odlučili smo da se Crodiaspora Summit 2020 službeno odgodi na 29.-31. listopada 2020.

Također suklando tome, uzeli smo u obzir da nekima nažalost novi datumi trajanja konferencije neće odgovarati, stoga ukolite traže povrat kotizacije za već kupljenje karte, svoj zahtjev mogu poslati na: mate@crodiaspora.com (Mate Pavković, su-organizator).


Problemi i prepreke u kojima smo se svi zatekli treba iskoristiti za početak obnavljanja naše ekonomije gospodarstva, stoga svrha konferencije jest pokazati zašto se moramo fokusirati na diversifikaciju naše ekonomije, s namjerom kako bi se oslonili na druge industrije, a ne samo na turizam i uslužni sektor. Vjerujemo da ćemo ujedinjeni i kao samoodređeni Hrvati iz cijeloga svijeta, putem ove konferencije uspjeti pozvati na neophodno nužne promjene u našoj Domovini te ponuditi konstruktivna rješenja i odgovore.


Bog vas blagoslovio!

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