Croatias economy is to expand by 0.8% in 2011, the International Monetary Fund (IMF) said in its September 2011 World Economic Outlook, revising downward its projection from an earlier expected growth of 1.3% in its April edition. The countrys economic growth will further speed up to 1.8% y/y in 2012. The inflation rate will accelerate to 3.2% y/y in 2011, but will ease to 2.4% y/y in 2012. The IMF expects the current account deficit to expand to 1.8% of GDP in 2011 and 2.7% of GDP in 2012. The labour market will remain tense as the unemployment rate is to stay high at 12.7% in 2011 and slightly lower to 12.2% in 2012. |
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