Thursday, 17. April 2014 - 11:04
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.
Tourism ministry prepares better strategy to attract Chinese tourists
Around 45,000 Chinese tourists visited Croatia in 2013.
Croat pensioners wrongly thought they were millionaires
An elderly couple in Croatia thought they were millionaires after they found a pile of money in their home - but they had forgotten that former Yugoslav dinars are no longer valid.
Tickets already sold out for two of Croatia's matches at the World Cup
Two out of ten sold out matches for the World Cup in Brazil are those where Croatian national team will play.
Damir Kajin launches a new political party in Istria
Independent representative in the national parliament, Damir Kajin has announced the launch of the regional political party Istrian Democrats.
French court stops the case against Bob Dylan after Croats sued him
A court in the French capital Paris has stopped the case against the rock star Bob Dylan over inciting racism.
Colombian Croat football player wanted by Genoa and Vitesse
He still admits there was no interest from major Croatian clubs to sign him, but the interest came from other countries. "Not from Croatia. From Holland, Vitesse FC. They wanted to sign me on scholarship basis as well as Genoa from Italy", the player has revealed to Croatian Times.
Foreign investment in sixty percent of a decrease
Foreign investment in Croatia has seen a decrease of 60 percent in 2013 in comparison with the year before.
Toxic smoke hits Zagreb
A fire in a waste recycling centre in the Croatian capital Zagreb has been brought under control over Monday night and early Tuesday morning. However, firemen are expected to be there controlling it for another two days.
Davor Suker won a new mandate as CFF president
Davor Suker, 46, has won a new mandate as the president of Croatian Football Federation.
Snow returns to Croatia
Snowing has returned shortly in Croatia on Tuesday hitting spots like Biokovo mountain in the south, Begovo Razdolje in western part of the country, and even Sljeme near the capital Zagreb.
The most popular stories –
last 7 days
|Croatian OAP in court after selling unusual stop smoking treatment|
|Tax authorities block Suncani Hvar|
|Grave diggers turned into gold diggers in Osijek|
|Agrokor signs a deal with Sberbank|
|Rovinj mayor gets Italian medal of honour|