The Croatian government will make budget expenditures savings of about HRK 1.76bn (EUR 232mn) via cutting the public sector wages by 3% this year, news agency HINA reported, quoting labour minister Mirando Mrsic as saying. Mrsic explained that the wage cut and the abolishment of Christmas and holiday bonuses would contribute to the stabilisation of the wage balance. He pointed out that after this measure there will be no need for further wage cuts by end-2013. Education workers will be exempt of this latest cut as their wages are even expected to increase a little although some of their entitlements have been abolished. |
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
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 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