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GDP down less than predicted, analysts say
Croatian Times
The Croatian economy can expect a smaller GDP drop of 1.8 per cent compared to earlier estimates of 2.5 per cent, say Hypo bank analysts.
Positive export results of tourist services are largely to thank, but the analysts stress that although the number of overnight stays had risen this season, the expected revenues from tourism will maintain last year’s levels since most visitors are spending less.
According to Hypo chief analyst Hrvoje Stojic, Croatia’s emergence from the credit crunch will be at a snail’s pace and 2011 will see a "lean" growth rate of 1.6 per cent. Although the government had announced in its latest rebalance an expected budget deficit of 4.2 per cent, Hypo bank predicts it will reach seven per cent.
Compared to some of its neighbors whose industrial production is growing in double digits, Croatia’s could be at zero or register minimal growth.
In order to achieve a quicker rate of growth, analysts believe Croatia should stabilize its public finances while establishing a credible short-term financing plan, speedily implement the reforms and strengthen the productivity of the economy, the daily Jutarnji List writes.
Tag cloud deficit rebalance digits productivity seven economy bank industrial tourist finances production analysts Jutarnji neighbors Hypo reforms financing zero Croatian growth
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.
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