economic-growth-ekonomski, financijski rast-novac, gospodarstvo.jpg
Photograph: Freeimages.com/Dominik Gwarek

 Expectations for the Croatian economy slightly improved in November for the first time in five months, a survey by the German economic research institute ZEW and Austria's Erste Bank shows.

The economic sentiment indicator for Croatia increased by a modest 2.4 points from October, reaching 14.8 points in November. This was the first increase since June when it had reached 58.3 points, its highest level in nearly six years.

The positive value of the indicator shows that optimistic expectations continue to prevail.

Improvements were recorded in the entire Central and Eastern Europe region, except in Romania whose economic sentiment indicator sank by 20.4 points. The survey covered Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia and Turkey.

The economic sentiment indicator for Turkey increased the most, by 34.1 points. It was followed by Poland (whose indicator increased by 17.1 points), the Czech Republic (13.2 points) and Slovakia (12.9 points).

The economic sentiment indicator for the entire region again moved to positive territory, jumping by 23.9 points to 23.8 points.

The current state of the Croatian economy was assessed as worse than in October. Its corresponding indicator fell by 5.8 points to -39.2 points. The negative value of the indicator means that negative assessments prevail.

The indicators of experts' assessment of the current economic situation decreased the most for the Slovak and Czech economies, by 10.2 and 9.1 points respectively. The assessment of the Romanian economy remained unchanged.

Compared with October, the assessment of the current economic situation improved the most for the Hungarian and Turkish economies, their indicators increasing by 19.7 and 17.2 points respectively.

The indicator of experts' assessment of the current economic situation for the CEE region has improved by 19.1 points and now stands at 14.3 points, the survey says.

Related stories

Expectations for Croatian economy markedly improve in December

Expectations for Croatian economy worsen in June

Expectations for Croatian economy worsen in August

Economic sentiment in Croatia decreases slightly

Latest news

Ukraine's famed ex-prisoner Savchenko meets inmates in rebel region

Nadiya Savchenko, a military pilot who became the most famous prisoner of the conflict in eastern Ukraine, met Ukrainian prisoners in the separatist region of Donetsk, according to local media reports on Saturday.

Economy minister: IPO of minority interest in HEP still good model for INA buyout

Croatian Economy Minister Martina Dalic of the Croatian Democratic Union (HDZ) on Saturday commented on possible models for buying out Hungarian oil and gas company MOL's stake in the Croatian oil and gas company INA, repeating that "an initial public offering of a minority interest in the HEP power company is practicable and a good model that preserves the company while ensuring a number of advantages and benefits for Croatian citizens."

Afghan envoy warns against unnecessary travel to Pakistan

The Afghan ambassador to Pakistan on Saturday advised Afghan nationals to avoid unnecessary travel to Pakistan even after the border between the two countries is reopened.

Rival militias agree on ceasefire after deadly clashes in Tripoli

Warring militias in the Libyan capital Tripoli reached a ceasefire agreement, after two days of fighting left nine people dead, the Libyan News Agency reported Saturday.

Thousands attend Robert Mugabe's 93rd birthday celebrations

President Robert Mugabe, the world's oldest head of state, marked his 93rd birthday with lavish celebrations in Zimbabwe on Saturday, despite a deepening economic crisis in the southern African country.

Germany's Merkel picked as party's top candidate for September polls

German Chancellor Angela Merkel was nominated on Saturday as her party's top candidate for the September 24 elections.

Stickers reading "Serbian Family Tree" appear in Vukovar

Stickers reading "Serbian Family Tree" with the image of people hanging from a tree and the face of Ante Pavelic, Croatian fascist dictator who led the Ustasha movement and the Independent State of Croatia (NDH), appeared at bus stations along Trpinjska Street in the eastern Croatian town of Vukovar on Friday.

Turkish ruling party launches campaign for constitutional changes

Turkey's ruling Justice and Development Party (AKP) on Saturday formally launched its campaign for the upcoming referendum on core constitutional changes set to empower the presidency, with a mass rally at a sports arena in Ankara.

Top US general visits Syrian Kurds with focus on al-Raqqa campaign

A top US general visited Syrian Kurdish forces and their allies in northern Syria this week, amid signs the US military was increasing its support for anti-Islamic State forces, despite risks that such a move could anger neighbouring Turkey. 

Germany expects long-term migration growth after revising estimates

Net migration to Germany is expected to be 200,000 annually in the coming years, according to a news report to be published Sunday.

Malaysian police seek to reassure public over VX nerve agent

Malaysian police said on Saturday they would do everything possible to ensure there was no risk to the public from the lethal VX nerve agent used to kill Kim Jong Nam in the country's main international airport.

Cretu says Croatia must accelerate apsorbtion of European funds

The Commissioner also said that for the 2014-2020 period, Croatia would have twice the amount from the previous period at its disposal -- a total of EUR 10.67 billion.