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Finance Minister: Structural problems can't be solved overnight

12.06.2013 | 13:15 No quick fix

Finance Minister: Structural problems can't be solved overnight

Croatia cannot bring its public sector budget deficit within European Union limits before 2016 and needs even longer to begin cutting public debt, the country's finance minister, Slavko Linic, has told Reuters in an interview published on Tuesday.

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GDP drops 1.5 pct in Q1

10.06.2013 | 14:00 State Bureau of Statistics:

GDP drops 1.5 pct in Q1

The year-on-year decline of gross domestic product in the first quarter of 2013 in real terms was 1.5 per cent, the State Bureau of Statistics said on Monday.

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Gov't and public sector unions come to agreement

04.06.2013 | 14:10 No strike on Wednesday

Gov't and public sector unions come to agreement

The government and 11 public sector unions have come to an agreement on union demands for a wage increase for public sector employees, so strike action announced for June 5, which threatened to bring the country to a standstill, will not be taken.

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Croatia has to balance economic growth and fiscal consolidation

30.05.2013 | 08:00 European Commission:

Croatia has to balance economic growth and fiscal consolidation

Croatia faces important challenges in finding a balance between boosting economic growth and opening new jobs while ensuring that fiscal consolidation remains on track, the European Commission reported on Wednesday in its assessment of the government's 2013 economic programme and planned reforms as part of the current European Semester.

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Finance minister not happy at all with GDP trends

29.05.2013 | 18:05 GDP decline

Finance minister not happy at all with GDP trends

Finance Minister Slavko Linic said on Wednesday he was not at all satisfied with the 1.5 per cent GDP decline in the first quarter of the year, but added that the results in the second half of the year would be better.

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Gov't: EU fiscal rule has been met

16.05.2013 | 15:31 Cabinet meeting

Gov't: EU fiscal rule has been met

The government in 2012 managed to reduce the budget deficit, increase tax discipline and meet the EU fiscal rule, Finance Minister Slavko Linic said at a Cabinet meeting on Thursday.

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EBRD doesn't expect economic growth for Croatia before 2014

10.05.2013 | 17:00 Recession continues

EBRD doesn't expect economic growth for Croatia before 2014

The European Bank of Reconstruction and Development (EBRD) has revised down its earlier outlook on Croatia's economy and now expects a fall this year but does so for the entire region due to the lethargic recovery of the largest economies, primarily Russia.

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EIZ predicts GDP to drop 0.5% this year, grow 1.2% in 2014

05.05.2013 | 15:00 Economic Outlook

EIZ predicts GDP to drop 0.5% this year, grow 1.2% in 2014

The Zagreb Institute of Economics (EIZ) has published the latest Croatian Economic Outlook Quarterly and forecasts a fall in GDP of 0.5% and its outlook for 2014 is a growth in GDP of 1.2%.

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Finance Minister adamant Croatia's GDP to rise this year

03.05.2013 | 20:00 Growth forecast

Finance Minister adamant Croatia's GDP to rise this year

Finance Minister Slavko Linic is adamant about his forecast of Croatia's GDP growing this year by 0.7% even though the European Commission has downsized its forecast for Croatia's economy.

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Croatia fares worst among central and east European countries in GDP terms

09.04.2013 | 14:50 Croatian National Bank:

Croatia fares worst among central and east European countries in GDP terms

In comparison to ten central and eastern European countries, Croatia had the weakest performance in the economic growth in 2012, the third year in a row, according to the latest bulletin released by the Croatian National Bank (HNB) on Tuesday.

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