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Mountains of legislation in Croatia  Mountains of legislation in Croatia

Frequent changes in legislation the biggest concern for Croatian businesses

By  Jan 13, 2017

The sixth annual Allianz Risk Barometer has identified the Top 10 Global Business Risks for 2017. The research carried out by the leading global insurance company Allianz Global Corporate & Specialty (AGCS) was based on the insight of 1,237 risk experts from 55 countries worldwide.

Business companies from all over the world are preparing themselves for a year full of uncertainty due to the major political, legal and regulatory developments around the globe. There are many corporate perils that concern them as well but what troubles world companies most are actual or anticipated losses from business interruption.

According to the Allianz Risk Barometer for 2017, business interruption is the top risk for the fifth year in a row. It is followed by market developments, cyber incidents, natural catastrophes, changes in legislation and regulation, macroeconomic developments, fire and explosion, political risks and violence, loss of reputation or brand value, and new technologies.

''The biggest risks that the corporate sector in Croatia recognizes are related to business conditions and maintenance of experience from previous years. Our companies emphasize frequent changes in legislation and regulation as one of the major problems in doing business on the Croatian market'', stated Kristijan Buk, a member of the Directorate of Finance at Allianz Zagreb.

It's interesting to note that German and British entrepreneurs are most afraid of cyber attacks, the Japanese worry about natural catastrophes, companies from Greece and China fear from macroeconomic developments, the Slovaks are afraid of fire, whilst Russians and Hungarians fear from changes in legislation and regulation.

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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