Finance minister Ivan Suker forecast that the country will report economic growth in Q4/10, but the full-year GDP dynamics will be negative, news agency HINA reported after Suker's meeting in Washington with the IMF and the World Bank. Suker forecast 1.5-1.6% y/y growth in 2011 as a result of the anti-crisis measures, implemented by the government. The finance minister confirmed that the country does not intend to take financial assistance from the IMF. We note that GDP decreased by real 2.5% y/y in Q2, on the back of decline in household consumption, which dropped by real 2.5% y/y, following 4.1% y/y decline in Q1, and investments, which went down by 13.4% y/y versus 13.8% y/y drop a quarter ago. |
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