The European Bank for Reconstruction and Development (EBRD) raised Croatia's GDP growth forecast to 2% y/y in 2011 from 1.9% in a previous projection, the January edition of the bank's Regional Economic Prospects showed. Croatias economy remains stagnant, with the GDP decline in 2010 and the significant level of private debt, mostly in unhedged foreign currency, the EBRD warned. Finilising the EU accession talks would provide a significant confidence boost for the country. |
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