Information Technology Equipment and Services

Funds such as the EU Cohesion fund are already providing funding for IT projects related to modernisation initiatives in both public and business segments.

Small and medium-sized enterprises have started to spend more on IT to compete with their counterparts elsewhere in the Central and Eastern European region. The market remains hardware-dominated, but software and services (40% of total spending) are growing on the back of a steady rise in private sector investments. Croatia remains an economy in transition, with IT spending still disproportionately reliant on government and large enterprises in key sectors.

The need to achieve compliance with international regulations such as Basel II capital adequacy regulation for banks, or EU industrial or administrative regulations, is driving demand for software. New services and platsforms are being rolled out by banks, retail organisations and telecom operators, necessitating IT systems upgrades.