The World Bank revised its forecasts for 2010, the latest World Bank Regular Economic Report for the EU10 (new EU member countries) plus Croatia, showed. The projections showed that Croatia's GDP will drop by 1% y/y in 2010, after the latest forecast for a zero GDP growth in 2010. The senior regional World Bank economist, Sanja Madzarevic Sujster, said at the presentation of the report that the recovery of the EU10 region was fragile and uneven, while in Croatia it was not visible. She stressed that the trend of weak domestic demand and falling investment continued. Sujster pointed out that the government's economic recovery programme had to be implemented decisively. |
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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