| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 30 | 1 | 2 | 3 | 4 | 5 | 6 |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
Today
Videos
Polls
RSS Feed Business30. 08. 10. - 16:30
GDP falls 2.5 per cent in second quarter
Croatian Times
The GDP has fallen 2.5 per cent in the second quarter, preliminary data from the Central Bureau of Statistics shows.
The main contributor is a drop in personal consumption, Raiffeisen Consulting analysts say. The data from various sectors confirm such conclusions, with retail trade falling 4.4 per cent in the first quarter. Bad labour market indicators, drop in real salaries and disposable income and weak bank credit activities have all contributed to a decrease in consumption.
The investments in fixed capital continued to fall considering that the state has decreased investment activity under pressure to curb spending, and there are still no signs of private sector investments. The construction sector data shows further decreases. The positive contribution to GDP is expected only from net exports of goods and services, the daily Vecernji List writes.
Third quarter is expected to bring slight, but nevertheless positive growth. The tourist season will affect personal spending and contributions to retail sales. The increase in exports will also have positive effects.
On the other hand, the growth will be limited by poor investment activity and the likely drop in state spending.
The GDP growth rate could be 0.5 per cent for the third quarter, with the annual drop of 1.5 per cent.
Tag cloud goods contributor growth quarter retail positive annual effects curb data further limited exports consumption activity personal construction pressure investments decrease
Priest Kills local politician in Dubrovnik
Police have found the body of a 49-year-old man in the hallway at the entrance to the parish house in Banici near the Damlatian city of Dubrovnik in the early hours of Tuesday morning.
Croatian-German Solar Power
Organised by the Split-Dalmatia County and the German Embassy in Croatia, a three-day conference on renewable energy sources has just been held in the Dalmatian city of Split. The renewable energy source industry, which is in full swing in developed countries, is just in the early stages in Croatia, reports Croatian radio television.
U2 and Amy Winehouse docos at 4th Starigrad-Paklenica Film Festival
The 4th Starigrad-Paklenica Film Festival, the international festival of music documentary films will be held from 4 - 10 August in the special ambience of Paklenica National Park in northern Dalmatia.
Over 150,000 tourists in first quarter for Zagreb
Croatia's capital Zagreb had 154,535 tourists with 300,013 overnight stays in the period from January to April this year, a 2 per cent increase on tourists and a 10 per cent increase on overnight stays from the same period last year.
Fatboy Slim set to light up Dubrovnik
Pioneer of the big beat genre and winner of ten MTV Music awards, legendary British DJ and producer Fatboy Slim, will play in Croatia on 22 June at the Culture Club Revelin in Dubrovnik.
Chelsea hero's brother trialled in Croatia
The brother of Chelsea's hero in the Champions League football final, Didier Drogba, trialled with Croatian first division side NK Zagreb, reported daily newspaper Vecernji list.
Road Toll Charges set to rise
A fifteen per cent increase in the cost of road toll charges will come into effect in Croatia from June this year, reports Croatian radio television.
Croatian cities to pay Austrians 50 million kuna
Five Croatian cities from the Slavonia region will have to pay nearly 50 million kuna (6.5 million Euros) compensation to an Austrian construction consortium for the project to construct regional centers for waste disposal, which was never built.
Croatian fans welcome at Euro camp in Poland
Croatian football fans who are travelling to this summer's European Football Championships in Ukraine and Poland and want to indulge in the true fan experience, can do so at the Gdansk Football Camp, a special camping site created by fans for fans for this year's tournament in the heart of Poland.
Queen of Croatia 2012 named
Ester Berisic was last night (Tues) named as the 2012 Queen of Croatia for the Queen of the World, reported daily newspaper Jutarnji list.
The most popular stories –
last 7 days
|
Slovenian President attacks Croatia |
|
ER star to play Gotovina in film |
|
Every day 40 less Croats |
|
Peljesac bridge contract terminated |
|
Twitter users vote Croatia 13th most beautiful country in the world |