Croatia Considers Leasing Out Highways

Politics ♦ Published: December 8, 2012; 17:04 ♦ (Vindobona)

In order to reduce the budget deficit, Croatia plans to privatize its highway network.

Croatia Considers Leasing Out Highways / Picture: ©

The austerity pressure is growing persistently. In 2012, Croatia´s foreign indebtedness comes at 36% of GDP. This year, the budget deficit will exceed 4.0% of GDP, analysts say. Croatia´s GDP is expected to decrease by 1.9% this year.

In order to prevent further downgrades, the government in Zagreb tries to reduce the budget deficit by all means. In summer, the government…