Croatia's central bank (HNB) said it sold EUR 131mn on the foreign exchange market on February 23 to prop up the weakening of the local kuna currency against the euro. HNB said on its website it sold the euro at an average exchange rate of HRK/EUR 7.579264. This was HNBs third intervention on the forex market this year. HNB stepped up on the forex market twice in January. It first sold EUR 197mn on January 4 at an average exchange rate of HRK/EUR 7.532527. The second intervention was made on January 17, when HNB sold EUR 130 at HRK/EUR 7.546319. |
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