Favorable Economic Outlook for Croatia

BusinessEconomy ♦ Published: December 28, 2012; 22:13 ♦ (Vindobona)

After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.

Favorable Economic Outlook for Croatia / Picture: © Vindobona.org

Croatia will become the 28th member state of the EU in July, thus ending the negotiations started in 2005. “After Croatia’s EU entry in July, we see up to 2.5% of GDP growth in 2014-2020 due to access to common market and to EU funds. The EU integration of the Balkans is expected to receive another boost during 2013 when Serbia is expected to get the kick-off date…