| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 30 | 31 | 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 | 1 | 2 | 3 | 4 |
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 activity pressure positive exports quarter construction investments data goods curb further annual limited retail growth consumption contributor effects decrease personal
Employers unhappy with public sector status quo
Association of Croatian employers (HUP) has expressed concern over Prime Minister Zoran Milanovic's intention not to cut jobs in the public sector or change labour laws.
No rush from abroad for Croatian property
Foreigners are in no rush to buy up properties in Croatia now that the country has received the green light to join the European Union, some experts believe.
Croatian government faces three big challenges, WB says
The new government's three biggest challenges are urgent fiscal consolidation, structural reforms and maximising benefits from Croatia's upcoming European Union accession, the World Bank (WB) says.
IKEA shopping centre to hire 2,000
The new IKEA shopping center expected to open in over a year in Croatia will be 105,000 square metres, consist of 187 shops, and employ 2,000 people, daily Jutarnji List writes.
HRT introduces optional Croatian subtitles for films from Serbia
Croatian Radio Television appears to have found a compromise to settle a recent polemic discussion on whether to provide Croatian subtitles for movies from Serbia and Bosnia and Herzegovina.
State companies HEP and HRT champions in overtime pay
The companies HEP and Croatian Radio Television (HRT) are this year's record makers when it comes to paying for overtime, business portal Poslovni Dnevnik writes.
Croatian officials at prayer breakfast with Obamas
State Attorney General Mladen Bajic and several other Croatians have attended the traditional prayer breakfast held by the United States President Barack Obama.
Snow Day announced in Adriatic port of Split
A Snow Day has been announced in tourist destination Split, Croatia.
ZagrebDox festival brings 150 documentaries to Croatia's capital
More than 150 documentaries from around the world will be shown at the eighth annual ZagrebDox festival to be held between 26 February and 4 March in Kaptol Centar Movieplex.
Late Oxford University professor honoured in Dubrovnik, Croatia
A late Oxford University professor has got her stone plaque of honour placed in the centre of the ancient Croatian town of Dubrovnik.
The most popular stories –
last 7 days
