debt

Croatia's gross foreign debt cut by 9.4% to 42.4 bln euro

The latest Croatian National Bank (HNB) data show that the gross foreign debt at the end of September 2016 amounted to 42.4 billion euro which was 4.4 billion euro less or a drop of 9.4% on the year, with the Croatian Chamber of Commerce (HGK) expecting that trend to continue.

2016 marked by faster economic growth, drop in public debt

A greater-than-expected growth, a record high turnover in tourism, and the curtailment of public debt for the first time since many years, despite political instability in the first half of 2016, marked 2016 in Croatia, economic analysts have said in response to Hina's queries.

Croatia's public debt cut to EUR 38b at end of May

Public debt over five months in 2016 was cut by HRK 4.6 billion. The internal debt went up HRK 2.7 billion, while the foreign debt fell HRK 7.3 billion.

Tsipras calls for debt reduction, WWII reparations from Germany

Greek Prime Minister Alexis Tsipras is demanding a further reduction of state debt and an easing of what he sees as dictated austerity measures from Germany.

Foreign debt in April drops over 10 pct annually

According to the latest central bank figures, the gross foreign debt amounted to EUR 44.4 billion at the end of April 2016, up 0.2% on the month but down 10.6% on the year, Raiffeisenbank Austria (RBA) said on Monday.

Eurostat: Croatia among EU members with largest decrease of government debt

Croatia's government debt at the end of first quarter of 2016 amounted to HRK 188,35 billion which is HRK 4.7 billion or 1.6% less on the year, the statistical office of the European Union Eurostat reported on Friday.

Croatia's gross foreign debt in February down to EUR 44.6 bn

Compared to January this year, the gross foreign debt dropped by EUR 809.5 million. The central government debt dropped the most, by EUR 704.6 million, while the debt of other monetary financial institutions was the only one to grow, by EUR 6.8 million.

Public debt totals EUR 38.7b at end of Feb

At the end of February 2016, Croatia's public debt totalled HRK 289.7 billion, HRK 1.5 billion less on the month but HRK 4.2 billion more on the year (+1.5%), the central bank (HNB) said on Wednesday.

Mozambique's secret debt rocks relations with donors

Mozambique's relations with donors have been rocked by a revelation that the government had taken dubious loans worth more than 2 billion dollars for three companies.

IMF urges eurozone to begin debt relief talks with Greece

The International Monetary Fund has urged eurozone governments to enter debt relief negotiations with economically shattered Greece, a spokesman for the Washington-based crisis lender confirmed to dpa.

FinMin: Statistics send clear message to EC, rating agencies

"As we said at the start of our term (at the beginning of this year), in 2016 we have two main economic goals - stepping up economic growth and employment and stabilising public finance," Maric said in a statement for Hina,

Croatia in group with France, Austria concerning deficit, debt

Croatia's budget deficit of -3.2% in 2015 puts it among the European Union member-states that have failed to downsize their budget gap below 3% of GDP.

HUP, HGK urge immediate action to remove macroeconomic imbalances

The HUP official said that the figures showed that some headway had been made last year regarding the reduction of the budget deficit, but not regarding the public debt.

Greek deficit, debt better than expected in 2015, new data shows

Greece's public deficit and debt were lower than expected in 2015, new data released Thursday showed, as the crisis-battered country is locked in bailout negotiations with its international creditors.

Analyst pleasantly surprised by budget deficit level

The chief economist at Societe Generale Splitska Banka, Zdeslav Santic, on Thursday welcomed the latest statistics on Croatia's budget deficit and public debt as "a pleasant surprise".

Croatia's 2015 general government deficit at 3.2%, public debt at 86.7% of GDP

General government debt increased by 1.9% in 2015 compared with 2014, 2.5 times less than in 2014. This is the lowest debt growth rate since the introduction of the ESA 2010 methodology in the Excessive Deficit Procedure. the DZS says.

Germany rules out Greek debt relief as Lagarde hits back at Athens

Germany ruled out again on Monday debt relief for cash-strapped Greece following the weekend publication of comments said to be by a top International Monetary Fund (IMF) official criticizing Europe's failure to agree to cutting Athens' debt level.

Analysts says Moody's ratings not unexpected

"This is in fact the adjustment of Moody's ratings with the ratings of the other two agencies. It is not a positive sign, but it is not unexpected either, given that last year Moody's skipped the ratings," said Zrinka Zivkovic-Matijevic

Moody's lowers Croatia's rating, maintains negative outlook

Croatia is faced with continuing weak medium-term economic growth prospects, which derive from historically low investment and structural rigidities, including a low labour force participation rate, as well as bottlenecks in the absorption of EU funds.

Slovenia's gross foreign debt and imports from Croatia rise in 2015

Slovenia's gross external debt rose to EUR 44.7 billion in 2015, however, its net debt decreased by 2.5 billion euros to EUR 32.7 billion, according to figures from the "Economic Relations with Other Countries" publication issued by the Slovenian National Bank.

Transport minister says first goal is to roll over motorway operator's debt

Maritime Affairs, Transport and Infrastructure Minister Oleg Butkovic has launched a review of the operations and debts of the HAC motorway operator to launch as soon as possible the refinancing of the debts which cannot be serviced from regular business.

Health system debt in 2015 down by HRK 350 mln

In 2015, the health administration reduced the debt of the health system by HRK 350 million, owing to reforms that were launched, and the new health minister will inherit a system with a debt of HRK 2.5 billion.

PM-designate talks with foreign financiers of Croatia's debt

The media said that the first response of Oreskovic's interlocutors in the Tyrolean ski resort was positive, while he is expected to give an official statement on Friday when he comes back to Zagreb.

PM-Designate, President discuss ways to strengthen economy

"The main topic of the meeting was the economy. The President and I are partners and we discussed the economic situation in the country and how we can cooperate in improving the investment climate and attracting foreign investments,"

PM designate says priority is to reduce debt and work with partners for better Croatia

Reporters wanted to know what his first moves would be, and Oreskovic responded that he would form the government first and then communicate the main reforms and government moves.

Lalovac: New bond to refinance debt due

"This is important for the capital market and for the kuna. We see that the banks have started lending more kuna, which is good. This will contribute to the development of the kuna capital market,"

GDP growth welcome, but lower than debt interest, says HUP

The national statistical office (DZS) earlier in the day published a preliminary estimate showing that GDP in Q3 grew 2.8% on the year.