International credit rating agency Dun & Bradstreet (D&B) retained Croatia's DB3d credit rating, but changed its rating outlook to negative from stable, news agency HINA reported. The outlook was changed due to the political uncertainty and instability, witnessed also in the latest popularity polls. D&B stressed that the coalition government was losing support, although it had not adopted economic austerity measures. The agency pointed out that the economy contracted for a sixth consecutive quarter, registering a 2.5% y/y drop in Q2/10 due to lower investments and consumption. |
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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