Karamarko: EC forecast is good news

First Deputy Prime Minister Tomislav Karamarko commented on the European Commission's latest forecast for the Croatian economy, in which it revised its growth projection for this year from 1.4 to 2.1 per cent, saying that it was "good news and an impulse provided by the new government."

"This government is obviously starting to inspire confidence with its readiness for reforms and to pave the way for good investments and all other things that we should have done much earlier," Karamarko told the press outside the government headquarters.

When asked if the improved forecast was the result of efforts of the previous government or those of the present government which had been in office only a couple of days, Karamarko said that the measures now being implemented by the current government were inspiring confidence in its partners.

"The very appearance of certain people and their speeches, as well as the international relevance of our prime minister, open up certain prospects. The previous government projected growth of 1 per cent of GDP for 2015 and of 1.4 or 1.5 per cent for 2016, but we are witnessing a pick-up in economic activity. All the measures that we have planned and that we are starting to implement inspire confidence in our partners that this will indeed be so. Of course they will be watching us over the next six months and this slowdown in public debt growth is a good sign," he said.

Asked if the fact that the European Commission revised upwards its projection of Croatian growth for 2015 from 1.1 to 1.8 per cent was also the result of the work of this government, Karamarko said that he was clear on that.

"In these ten days in office we have shown that we are willing to change certain things and have shown that we have a competent government on all issues. (...) Obviously this is also how the EU perceive us, which is an important prerequisite for progress and for our plans to succeed," Karamarko said.

Last update: Thu, 04/02/2016 - 16:05
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