1. Market Research

Croatia Country Report - August, 2015

  • September 2015
  • 26 pages
  • Emerging Markets Direct Media Holdings
Report ID: 3307172

Summary

This report reviews key macroeconomic data and microeconomic developments for Croatia published between August 5 and September 3, 2015.

Croatia's economy expanded by 1.2% y/y in the second quarter of the year, beating all expectations. The market was expecting GDP growth of 0.7%. The Q2 expansion was supported both by domestic and foreign demand.

The government announced plans to convert loans denominated in Swiss francs into euro with part of the principal being written off and all the costs being borne by the bank. A number of foreign banks reacted saying the measure would breach EU legislation. Earlier data released by the central bank in August showed that the banking system's pretax profit fell to HRK1.48bn (EUR195.9mn) in the first six months of the year from HRK1.57bn a year before, while the share of bad loans rose to 17.3%.

The report provides details on the tender for the implementation of Kupari I tourism project, which has an estimated value of EUR100mn, and other measures planned by the Adriatic country to support the sector. It also contains information on the expected date general elections will be organised.



Key Points:



o Croatia's consumer prices fell 0.4% y/y in July, after staying flat the previous month. The working-day adjusted industrial output rose 3.9%, speeding from 1.6% in June. The annual growth of the first six months of the year reached 1.8% y/y.

o The unemployment rate fell to 15.9% in July from 16.1% in June. This was the fifth consecutive month of decrease. The average net monthly wage rose 4.5% in June, slowing from a 3.3% hike in May.

o January-June trade gap narrowed 3.9% y/y as exports rose at a faster pace than imports.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.