Foreign bond issuance and domestic privatizations are likely to form the core pillars of the Croatian government’s plans to prop up the financial fortunes of the European Union candidate state, which hopes to wrap up accession negotiations by the end of June. Although Croatia entered into recession later than many of its central and eastern European peers the authorities in Zagreb have so far found no way to revive the country’s moribund economy.
According to provisional data, GDP shrank by 1.5%
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