This report reviews key macroeconomic data and microeconomic developments for Croatia published between April 7 and May 6, 2015.
In the beginning of May, the European Commission slightly upgraded its 2015 GDP forecast on Croatia, saying it now anticipates an increase of 0.3%, supported by foreign demand. At the same time, it raised its 2016 growth forecast to 1.2% from the previous 1%, as contraction in domestic demand is likely to end.
The IMF confirmed its 0.5% GDP growth projection for this year, adding that it expects growth to strengthen to 1% next year. Unemployment is seen remaining high in 2015, with the jobless rate rising to 17.3% from 17.1% last year.
The report also provides details on Croatia’s plans to 25% of state-owned power utility firm Hrvatska Elektroprivreda (HEP) through an initial public offering (IPO) in Zagreb and London this year, hoping to raise between HRK2bn (€264mn)and HRK3bn (€396mn). It also mentions the latest steps taken by Croatia, Montenegro and Albania regarding the construction of the Ionian-Adriatic Gas Pipeline (IAP).
In the beginning of May, the European Commission slightly upgraded its 2015 GDP forecast on Croatia, saying it now anticipates an increase of 0.3%, supported by foreign demand. At the same time, it raised its 2016 growth forecast to 1.2% from the previous 1%, as contraction in domestic demand is likely to end.
The IMF confirmed its 0.5% GDP growth projection for this year, adding that it expects growth to strengthen to 1% next year. Unemployment is seen remaining high in 2015, with the jobless rate rising to 17.3% from 17.1% last year.
The report also provides details on Croatia’s plans to 25% of state-owned power utility firm Hrvatska Elektroprivreda (HEP) through an initial public offering (IPO) in Zagreb and London this year, hoping to raise between HRK2bn (€264mn)and HRK3bn (€396mn). It also mentions the latest steps taken by Croatia, Montenegro and Albania regarding the construction of the Ionian-Adriatic Gas Pipeline (IAP).
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