Wednesday, 03. September 2014 - 06:09
14. 11. 12. - 14:00
Croatia’s economy is still waiting to grow, the IMF reports in its annual economic review.
With high unemployment and domestic spending down, Croatia’s economy is expected to contract by 1.5 percent in 2012.
But the IMF predicts that in 2013 it should begin growing by three quarters of a percent.
"The authorities’ fiscal consolidation measures in 2012 will likely achieve the targeted deficit, albeit partly due to regrettable underexecution of capital spending" said Nikolay Gueorguiev, IMF mission chief for Croatia.
The IMF boss also predicts more job losses following a decline in exports and says that although the banks are holding up against stress, businesses and consumers are finding it difficult to pay off their loans.
World's oldest Aga discovered in Croatia
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Varazdin helps flood hit Gunja
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Drunken and violent Poles arrested in Zadar
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Six arrested as Israeli football fans attacked in Split
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Great start for Croat clubs in Europa League
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Blanka Vlasic delights with her football juggling skills
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Rainbow Warrior visits Adriatic
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World Academy of Arts and Science organizes courses in Dubrovnik
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Eduardo joins Flamengo
The agreement between the forward and Flamengo will be signed on the morning of Thursday, at the clubhouse in Gávea. Just as was done with the Argentine Héctor Canteros, he should receive the shirt of Flamengo from a partner-supporter chosen by the club. It is likely that he will use the number 23 at least until the end of the season.
Rijeka to open concession contract for Tito's yacht Galeb
Officials in the western Croatian city of Rijeka have decided to put out a concession contract for the luxury yacht Galeb once owned by the former Yugoslav president Tito.
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