The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Croatia's Vujcic stares down the doom-mongers

The country’s bloated public sector and rapidly rising government debt burden have alarmed analysts and prompted comparisons with Greece. As the nation emerges from six years of recession, however, central bank governor Boris Vujcic argues that there is much to celebrate.

Most summers, it is Croatia’s beaches and islands that attract international attention rather than its economy. This year, however, external analysts, rating agencies and journalists seem to have spent the holiday season vying with one another to produce the most doom-laden outlook for the country. Much has been made of its rising public debt burden and comparisons with Greece have proliferated. One analyst recently predicted: “In three or four years’ time we will be talking about the Croatian crisis.”

vujcic 356x594


“Growth of 3% to 3.5% should be possible for Croatia and 
should be a policy goal,” says Boris Vujcic

It is slightly surprising, then, to find the country’s central bank governor, Boris Vujcic, in buoyant mood.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree