As Croatia’s economy begins to rebound following six years of continuous recession, investors are beginning to show confidence in the country. 

The latest data from Croatian National Bank showed that investment in the first quarter of 2015 was up significantly compared to the same period last year.

Investment in the first quarter of 2015 was €393 million, compared to €281 million in the first quarter of 2014.

The Netherlands were by far the largest investors in Croatia in this period, investing €145 million in the country. This represented approximately 37% of total investment.

Austria and Italy were second and third with €80 million and €37 million respectively. Other significant investors included Ireland and Germany, investing €27 million and €24 million.

Much of the investment went into the manufacturing of chemicals and chemical products and real estate. Petroleum products and telecommunications also featured.

Netherlands have in recent years consistently been the largest investors in Croatia. Russia also traditionally invest heavily in the country but due to economic conditions there, they do not feature among highest countries for the first quarter of 2015.