Building a new future: Picking up the pieces

It enjoys solid growth, a stable currency and low inflation. Can Croatia's strong recovery from war and recession continue? Charles Piggott reports

A SUPPLEMENT TO EUROMONEY/MARCH 1998: CROATIA

As political debate in Croatia turns from security issues to the economy, president Franjo Tudjman’s young technocrats are slowly winning their argument to open Croatia’s economy to the rest of the world. Their achievements to date are impressive.

Since the overnight stabilization in 1993, the currency has hardly wobbled against the Deutschmark, inflation remains one of the lowest in transition Europe and GDP is now growing at a steady 6% to 7%.

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