Croatia must step up fiscal consolidation, competitiveness ahead of EU entry-WB.

By bne IntelliNews April 25, 2012
Croatia should step up fiscal consolidation and structural reforms aimed at increasing the countrys competitiveness in order to be fully prepared for its EU entry in July 2013, news agency HINA quoted World Bank Director for Croatia Hongjoo Hahm as telling TV network Al-Jazeera Balkans in an interview in Washington. Hahm stressed that the government has to orientate to fiscal consolidation and sustainability. It needs to implement reforms, which will encourage private sector growth and privatisation, as well as increase its competitiveness. Hahm warned that the countries of Eastern Europe and Central Asia about the negative effects of the spillover of the eurozone crisis, adding that Croatia could hardly avoid such a scenario.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss