CroatiaAugust 2012 | Risk Summary
We see scope for the Kukuriku government’s plans to ‘name and shame’ tax evaders in Croatia as paying dividends for the four-party coalition government with the local population. However, it is also likely to aggravate companies and foreign investors and could therefore pose risks to the business environment. The key reason that the Kukuriku is likely to benefit from this tactic is that a number of companies and individuals listed were close to the former government, led by the Croatian Democratic Union (HDZ). Given that the HDZ was voted out of office following a slew of corruption scandals, these revelations are unlikely to win the party much support.
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