Croatia's unemployment rate drops to 20.9% in Apr from 21.6% in Mar.

By bne IntelliNews May 22, 2013

Croatia's registered unemployment rate dropped to 20.9% in April from 21.6% in March, the statistics office reported. It was, however, higher than the 19.1% rate registered in April 2012. The office provided no further details.

The national employment service office has said that the number of registered unemployed Croatians increased 9.8% in annual terms but went down by a monthly 3.5% to 355,598 at end-April. The number of newly registered unemployed in April alone was 20,598, up 8.6% compared to the same month of 2012.

A total of 33,554 individuals were excluded from Croatia’s unemployment register in April after finding a job, which is a drop of 4.5% compared to a year earlier.

We expect that the unemployment rate will continue to decline in the summer months due to the higher employment in the tourism season.

Related Articles

Raiffeisen to file lawsuit against new Croatian banking law

Austria's Raiffeisen Bank is preparing to file a complaint at the Croatian constitutional court later in July against a recent law that aims to declare thousands of its loans to Croatians void, ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Croatian central bank intervenes again to alleviate kuna’s appreciation

Croatia's central bank (HNB) purchased €101.5mn on the foreign exchange market on July 14 at an average kuna/euro rate of 7.4210 from local banks in order to alleviate the appreciation of the local ... more

Dismiss