growth

Croatia's 2016 Q4 GDP rises 3.4 per cent

Croatia's economy expanded by 3.4% in the last quarter of 2016 compared to the corresponding quarter in 2015, reaching a record high over nearly nine years, according to preliminary results released by the national statistical office (DZS) on Tuesday.

Analysts: Croatia's economy rises 3.3%, hitting new high since 2008

Croatia's economy expanded 3.3 per cent in the last quarter of 2016, compared to Q4 2015, according to projections of economic analysts polled by Hina, who ascribe this record high rise to increasing personal consumption, higher industrial output rates and growing investments.

HURS says Croatia fails to create conditions for long-term growth

The Croatian Association of Workers' Trade Unions (HURS) warned on Thursday that a report which the European Commission released on Wednesday showed that Croatia had failed to create conditions for a long-term economic growth, adding that the situation in the Podravka food company suggested the continuation of the trend of shutting down jobs in the production sector.

World Bank upgrades Croatia's economy growth projections

The World Bank has markedly upgraded the forecasts for Croatia's economic growth in 2016 and 2017, expecting it to stabilise at around 2.5%, while global economy is expected to grow by close to 3%, according to a report released on Tuesday.

Croatia's economic growth above EU average, national statistical office says

The growth of Croatia's economy in the second quarter of 2016 has exceeded the average growth in the EU 28 both annually and quarterly, reporters were told at the national statistical office (DZS) on Wednesday.

HNB revises upward Croatia's growth to 2.3% in 2016

The Croatian National Bank (HNB) revised upward the country's growth projection for 2016 to 2.3% from 1.8%, and it expects the growth to step up to 2.5% in 2017, according to a press release issued by the central bank after its Council held a meeting on Wednesday.

DZS: Croatia's GDP growth higher than EU average

Seasonally-adjusted data show that Croatia's GDP grew by 0.6% in the first quarter of 2016 compared with the fourth quarter of 2015 and by 2.3% compared with the first quarter of 2015.

SDP MP says GDP growth owing to previous gov't, HDZ MP disagrees

"This is the sixth quarter in a row that we are recording growth. That means that we did a good job," Grcic said, adding that current problems in the functioning of the incumbent government would reflect on results in the second half of the year.

EC: Growth to depend on reform implementation

The Commission was surprised by a 22% drop in Croatian public investment in the fourth quarter of 2015, as a result of which the budget deficit decreased more than had been expected and growth was lower.  

Bank economists raise GDP growth forecast to 1.3 pct

The chief economists of the six biggest Croatian banks have raised their forecast of Croatia's growth this year to 1.3 percent, the Croatian Banking Association (HUB) said on Friday.

HAAB says GDP to grow 1% this year

Hypo Alpe Adria Bank (HAAB) has projected this year's GDP growth rate at 1% and expects the growth rate in 2017 to be 1.5%.

Personal consumption, new projects will back economic growth, says FinMin

Finance Minister Zdravko Maric has said that 220 tenders worth EUR 2.5-3 billion are being prepared for infrastructure and other projects, and that personal consumption growth, resulting from a recovery of the labour market, is expected to back economic growth.

Chamber of Commerce doesn't expect more dynamic growth

The Croatian Chamber of Commerce (HGK) said on Friday the 1.9% GDP growth in the last quarter of 2015 was as it had expected and that it did not expect this year's GDP growth to be more dynamic than in 2015.

Dalekovod Group's revenue jumps 32%

The group's net profit totalled HRK 27.2 million, following a loss of 32.2 million in 2014.

Businesses expect higher economic growth in 2016

Croatian business people hope for higher economic growth this year, a survey conducted by the Privredni Vjesnik business newspaper shows.

Milanovic dismisses Karamarko's statement about growth forecast as unfounded

Tim's PowerPoint presentation did not provide any impulse to these results and the Commission's revision of its growth forecast for the Croatian economy for this year from 1.4 to 2.1 per cent speaks of the work of our government. 

EC revises upward outlook of Croatia's GDP growth to 2.1 pct

The European Commission on Thursday revised upward its outlook of Croatia's growth in 2016 from a previous 1.4% to 2.1%, saying however that the pace of the recovery remained constrained by the still high stock of debt in both the private and public sectors.

GDi software provider sees 20% rise in revenues in 2015

The GDi Grupa founder and board chairman, Boran Loncaric,, was quoted as expressing satisfaction with the revenue increase, adding that the company grew at a 9-percent rate annually.

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.

Croatia's industrial output set to rise for 9 months in row

October is the ninth consecutive month with an increase in industrial production year-on-year, which had not happened since 2007.

EBRD revises Croatian growth forecast for 2015 from 0.5% to 0.9%

The European Bank for Reconstruction and Development (EBRD) has revised upward its growth projection for the Croatian economy for this year to 0.9% and affirmed its forecast of 0.5% ...

Cenbank governor revises upward forecast for Croatia's growth

The HNB also revised upward the inital growth forecast for 2016 from 0.9% to 1.5%.