tihomir orešković.jpg
Photograph: HINA/ Slavko VUKADIN/ ua

Prime Minister Tihomir Oreskovic said on Tuesday that the International Monetary Fund's 2016 growth forecast for Croatia was an excellent result and yet another confirmation of his government's plan.

"This is an excellent result. I would say that this is yet another confirmation of our plan. We set growth at 2% of GDP and we have already reached 1.9%. I am confident that this year will be good, not only according to the GDP growth," Oreskovic said, adding that new investments had been launched, the absorption of European funds increased and that the government planned another move regarding the debt and its reduction by the end of H1.

After we do that, I am confident that we will send out a positive image to the European Commission," the prime minister said.

He underscored that he was confident that the IMF forecast would result in positive assessments of rating agencies by mid summer.

"Somewhere in July we'll see the reaction of the rating agencies... I believe their assessments will be good as well," Oreskovic said.

The IMF has nearly doubled its 2016 growth forecast for Croatia and the growth is projected to accelerate further in 2017, according to the latest IMF World Economic Outlook.

This year Croatia's economy is forecast to grow 1.9 percent, whereas last October the IMF forecast a growth of 1%. The IMF has also doubled the forecast of Croatia's growth for 2015 to 1.6% from the previously forecast 0.8%. As for 2017, the IMF projects that Croatia's economy will growth 2.1%.

Related stories

IMF nearly doubles forecast of Croatia's 2016 growth

IMF: Croatian economy expected to grow by 1.9% in 2016

PM says there will be no early vote

World Bank upgrades growth projections for Croatia

Latest news

Francis, first pope to visit Anglicans in Rome, weighs S Sudan trip

Pope Francis became the first leader of the Catholic Church to visit the Anglican community in Rome on Sunday, where he said he was considering a trip to famine-struck South Sudan.

Ibrahimovic lifts Man United past Southampton in League Cup final

Zlatan Ibrahimovic scored an 87th-minute winner as Manchester United beat Southampton 3-2 in an exciting League Cup final on Sunday.

London screens Iranian director's film amid Oscars boycott

Thousands of people watched a free screeening of Iranian director Asghar Farhadi's film "The Salesman" in London on Sunday to coincide with the Oscars.

Messi grabs winner as Barcelona go top with victory over Atletico

Lionel Messi scored the winner as Barcelona beat Atletico Madrid 2-1 on Sunday to move top of the Spanish first division.

Dubrovnik Sun Gardens Hotel member of The Leading Hotels of the World

The Dubrovnik Sun Gardens Hotel has joined the Leading Hotels of the World, Ltd., a global hospitality consortium of more than 375 hotels and resorts in over 75 countries.

Biggest Bosnian Serb party ceases all contact with Izetbegovic over ICJ judjment review request

The main committee of the biggest Bosnian Serb party which makes up the ruling majority in Bosnia and Herzegovina decided o Sunday that its officials would cease all contact with member of the Bosnian President Bakir Izetbegovic until the crisis occurred following the submission of a request to the International Court of justice (ICJ) to review its ruling against Serbia is resolved.

Egypt court adjourns Morsi retrial over prison escape

An Egyptian court adjourned a case against former president Mohamed Morsi until March 29 on Sunday, during the first session of his retrial over orchestrating a prison escape during the 2011 uprising.

Hamas rejects Netanyahu's proposal for international forces in Gaza

The Islamic Hamas movement rejected on Sunday Israeli Prime Minister Benjamin Netanyahu's proposal to send international forces to the Gaza Strip, the coastal enclave that Hamas has been ruling since 2007.

Deloitte: Growing optimism among CFOs

Chief financial officers (CFOs) in Croatia are more optimistic about growth and financial prospects in 2017 than they were last year, with most of them expecting increases in their company's revenue, a survey shows.

Russian agents main suspects for attempted coup in Montenegro

Russian citizens Eduard Shumakov and Vladimir Popoc, suspected of organising terrorist activities in Montenegro and forming a criminal organisation, are agents of Russia's Main Intelligence Agency (GRU), British, U.S. and other intelligence agencies confirmed, the Podgorica-based media reported on Sunday.

Six injured, 96 detained in Berlin fan clashes

Six people were treated in hospital and 96 detained in clashes in Berlin between fans of Hertha Berlin and Eintracht Frankfurt, police said Sunday.

Croatian government condemns extremism

The Croatian government on Sunday condemned all forms of extremism and acts of provocative nature aimed against the Serb minority in Vukovar as well as the rally organised by the Autochthonous Croatian Party of Rights (A-HSP) in Zagreb on Friday.