|Croatian government will probably discuss the 2013 budget revision next week, news agency HINA reported, quoting deputy PM and regional development minister Branko Grcic as saying. The government plans to make the revision in order to tighten its fiscal consolidation after major credit agencies cut Croatias rating over insufficient budget reforms. The World Banks newly-appointed country director for Central Europe and the Baltic Countries, Mamta Murthi, said last week that the government has to cut public spending. The IMF also urged Croatia to continue its fiscal consolidation efforts. At end-February it said that the government should continue to rapidly implement further adjustment policies that will put the budget back on the consolidation track and that will minimise risks stemming rising interest costs and public debt. Croatia's parliament adopted at end-2012 the country's 2013 budget, which targeted a deficit of 3.1% of GDP. The budget envisaged expenditures of HRK 124.5bn (EUR 16.5bn) and revenue of HRK 113.7bn.
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