Hrvatski Telecom is a telecommunication

company owned by Duetsche Telecom, a

German telecom company who has 52%
ownership later followed by around 38% of
private and institutional investors, so it has
a major chunk of foreign investment.
We live in a world that revolves around data
and digital ecosystem, so there is high
competition in this sector as 60% of the
companies in Croatia are service sector
based.
Internet is a medium through which people
connect & mobile phones are the easiest
way to communicate or transfer data.
Hrvatski Telecom is the leading provider of
telecommunications services in Croatia, it
serves 2.2 million mobile subscribers,
almost 850,000 fixed lines, 500,000
television services and 750,000 broadband
services with customers growing day by
day.
This rise in demand suggests that there is
potential growth opportunity in this sector
and companies like IBM are investing to
improve technical support of the company.
Along with investment, company is also
bringing solutions to improve customer
experience like lower latency, better
infrastructure, cloud computing and others.
Government of Croatia is supporting
companies in the field of digitalization,
automation and artificial intelligence, the
ministry of economic supports development
and provides lower taxes, property rights
and regulatory polices for any foreign
investor.
But, in reality according to an article,
“without stronger growth”, Croatia has
decades to catchup with the developed
European Union countries, the main reason
is it’s hard to open a business and compete
in a fair environment that means capitalism
is losing and growth suffers. This has lead to
lack of foreign investment which is a
massive step back as money needed for
growth is not there within the country.
The foreign companies are eager to put
their money in, but with corruption, bribes
and laws makes situations difficult and it’s
hard to convince millionaires, where they’re
not only battling market forces, but also red
tape criminals and corrupt politicians. On
papers Croatia is free market but it has
communist and socialist ideology.