Croatian companies consider to move their production towards east, report

Automotive

Some of the biggest Croatian companies could move their production out of the EU when the country joins the European Union on 1 July, the Croatian Times reported citing Macedonian news agency MINA. MINA speculates that Croatian companies that have markets in the former Yugoslav republics consider such a move. The same source revealed tobacco giant Industrija duhana Rovinj could move production into Mostar, Bosnia and Herzegovina, cookies and chocolate producer Kras plans to launch a production facility in Prijedor, also in Bosnia and Herzegovina to avoid higher taxes for export.

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