Croatia continues to make progress in its path to EU membership EC report.

By bne IntelliNews October 11, 2012
Croatia has continued to make progress in adopting and implementing EU legislation and in completing its alignment with the acquis prior to becoming a full member in July 2013, the European Commission said in its Enlargement Strategy and Main Challenges 2012-2013 report. The EC stressed that there are areas in which the country has to put further efforts and a limited number of issues, in which increased efforts were required in the following months. It pointed out that these areas include competition policy, judiciary and fundamental rights and justice, freedom and security. The EC said that the country should complete its preparations for the EU accession on time in order for the Commission to be able to reflect the progress on its final monitoring report in the spring of 2013. The EC has also published a Comprehensive Monitoring Report on Croatias state of preparedness for EU membership, in which it assesses the countrys state of preparedness on the basis of the political and economic criteria for membership and of the requirement to adopt and implement the EU acquis. The report stressed that the country continues to meet the political criteria, by adding that in all areas covered it has shown tangible results. Regarding the economic criteria, the reports stressed that Croatia is a functioning market economy. The EC recommended urgent structural reforms, which would enable Croatia to cope with competitive pressures and market forces within the EU in the near future. It pointed out that the macroeconomic policy in large was appropriate. The government tried to contain the increasing deficit by cutting expenditures. The central bank succeeded to preserve the exchange rate and financial stability. Regarding the competition policy, judiciary and fundamental rights, as well as justice, freedom and security the reports concluded that the country was generally meeting the commitments and requirements from the accession negotiations in the fields. The EC pointed out that the country has to pay urgent attention to the signing of privatisation contracts for the shipyards in difficulty.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss