Croatia's economy has not been immune from the global financial crisis, with business slowing down from the boom period seen a year ago. All the same, Croatia finds itself in a rather enviable position compared to its European Union (EU) neighbours. The European Commission has predicted that Croatia's economic growth will fall from its 2007 level of 5.6% to 3.5% this year, before bottoming out at 3% in 2009. By contrast, several EU countries are expected to fall into recession during this time. Croatia's gross domestic product is expected to recommence its upward climb in 2010, when a 4% growth rate is foreseen. "There is a financial crisis, but we're busy as hell," says Boris Savoric of Zagreb-based Savoric & Partners.
December 10, 2008 at 06:23 PM
1 minute read
The original version of this story was published on Legalweek
Heather O’Brian reports on the likely effect of Croatia’s impending membership of the EU on the country’s legal sector
Croatia’s economy has not been immune from the global financial crisis, with business slowing down from the boom period seen a year ago. All the same, Croatia finds itself in a rather enviable position compared to its European Union (EU) neighbours.
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