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Slavko Linic

Criticism of Croatia´s Fiscal Policy

Next year, Croatia´s government wants to comply with the EU fiscal rules. According to economists, this aim is not realistic.

February 4, 2014

Croatia Needs Major Bridge Loan

In order to cover its fiscal shortfall, the youngest EU member country takes a bridge loan in the amount of € 200m.

December 28, 2013

Croatia: Erste Offer Rejected

Austrian Erste Group intended to aquire Croatian HPB. However, the offer was rejected by the Finance Ministry as the purchase price was considered too low.

December 13, 2013

Croatia: EU Introduces Excessive Deficit Procedure

In the last years, Croatia´s fiscal situation has deteriorated considerably. Not only the budget deficit remains above 3.0% of GDP, but also the public debt quota has climbed above 60% of GDP.

December 11, 2013

Croatia: HNB Pushes Credits

According to reports by Reuters, the Croatian National Bank (HNB) intends to issue HRK 4bn (US-$ 707m) to support credits. Further details will be published by the Central Bank later this week.

November 27, 2013

Linic: No Aid from IMF Needed

According to Croatia´s Minister of Finance Slavko Linic, the country will manage the financial crisis on its own.

November 15, 2013

IMF Puts Pressure on Croatia

Although Croatia´s economic situation will improve slightly next year, the country is seen as next bail-out candidate. The International Monetary Fund wants Croatia to accelerate economic reforms.

November 12, 2013

Croatia: IMF as Last Exit

It is likely that the ailing country is seeking assistance from the IMF. Borrowing in 2014 is risky, Finance Minister Slavko Linic said.

November 11, 2013

Croatia: Excessive Deficit Procedure Ahead

Neither in 2013 nor in 2014, Croatia will achieve a budget deficit below 3.0% of GDP.

November 4, 2013

Croatia Plans on Increasing VAT by Three Percent

Croatia eyes increased intermediate VAT from 10 to 13%.

September 27, 2013

„Croatia Has No Answer to the Crisis“

Economists fear that the economic crisis in Croatia will continue this year. The government does not implement enough reforms, observers say.

February 4, 2013

Croatia: Austerity Policy Faces Difficulties

Croatia´s Minister of Finance Slavko Linic thinks that the austerity policy cannot be continued.

January 22, 2013

S&P Downgrades Croatia

Croatia´s Minister of Finance Slavko Linic does not exclude that Croatia needs support from the IMF next year.

December 17, 2012