Taavura Holdings and Hyundai Motor Europe execs visit Croatia to explore investment opportunities

Executives of Taavura Holdings, one of Israel's largest road haulage and logistics companies, and Hyundai Motor Europe have visited Croatia to explore investment opportunities, the Ministry of Economy, Entrepreneurship and Crafts said in a statement on Tuesday.

The representatives of the two companies met with Minister of Economy, Entrepreneurship and Crafts Darko Horvat and Prime Minister Andrej Plenkovic. 

Plenkovic said that with its policy of fiscal consolidation and tax cuts Croatia was trying to improve the business framework for new investment, particularly in areas that implied the development of new technologies.

Horvat presented Croatia's comparative advantages for investment and opportunities provided under the Investment Stimulation Act and the State Aid for Research and Development Projects Act.

The Israeli delegation was led by the CEO of Taavura Holdings, Zvika Livnat, management board member Shay Livnat and management board vice-president Eitan Damry.

"Expressing their readiness for new investments, such as the opening of a new sales and repair centre and future headquarters of Hyundai Croatia in Zagreb, they supported government efforts to invest in the education of young people, notably in the ICT sector," the ministry said in a pres release.

One of the reasons for the meeting was the opening of the new sales and repair centre and the headquarters of Hyundai Croatia in Zagreb's Jankomir district. The grand opening, scheduled for Tuesday evening, will be attended by Minister Horvat.

Text: Hina

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