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PM: We must not fall into the trap of multi-speed Europe

By   /  22/03/2017  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  No Comments

  Croatia should be very careful about the idea of a multi-speed Europe and must not fall into this trap, but needs to keep it open so that the EU would not become an exclusive directory of the five most influential members which will then make decisions for everyone about everything, Prime Minister Andrej Plenkovic […]

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HGK: Foreign debt reduced by EUR 3.3 billion y-o-y

By   /  01/03/2017  /  Croatia, Finance, HR Finance  /  Comments Off on HGK: Foreign debt reduced by EUR 3.3 billion y-o-y

  According to data from the Croatian National Bank (HNB), Croatia’s gross foreign debt at the end of November 2016 amounted to 43.8 billion euro, which is 3.3 billion or 6.9% less than in November 2015, while the Croatian Chamber of Commerce (HGK) estimated that the debt-to-GDP ratio at the end of 2016 could fall […]

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Economy minister says government’s goal is permanent 5% economic growth

By   /  13/02/2017  /  Business, Croatia, Finance, HR Business, HR Finance  /  Comments Off on Economy minister says government’s goal is permanent 5% economic growth

  The government’s goal is to achieve a permanent economic growth rate of 5%, Economy, Entrepreneurship and Crafts Minister Martina Dalic said on Monday at a business lunch organised by the American Chamber of Commerce (AmCham). Speaking of the government’s measures aimed at improving the business climate, she mentioned the tax reform, the new public […]

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Croatia’s gross foreign debt cut by 9.4% to 42.4 bln euro

By   /  03/01/2017  /  Croatia, Finance, HR Finance  /  Comments Off on Croatia’s gross foreign debt cut by 9.4% to 42.4 bln euro

The latest Croatian National Bank (HNB) data show that the gross foreign debt at the end of September 2016 amounted to 42.4 billion euro which was 4.4 billion euro less or a drop of 9.4% on the year, with the Croatian Chamber of Commerce (HGK) expecting that trend to continue. Compared to August 2016, Croatia’s […]

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Government stepping up preparations for tax reform

By   /  03/11/2016  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  Comments Off on Government stepping up preparations for tax reform

In order to speed up the process of legislative amendments for the implementation of the planned tax reform as of the beginning of 2017, the Croatian government decided on Thursday to exclude seven draft bills from an assessment of the legislative impact. Those are the draft bills on income tax and real estate sales tax […]

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MOST Still Unsure Whether to Support Tax Reform

By   /  02/11/2016  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  Comments Off on MOST Still Unsure Whether to Support Tax Reform

Deputy Prime Minister and Minister of Administration Ivan Kovačić (MOST) said on Wednesday that MOST would present its views on the proposed tax reform after consultations with experts, reports Večernji List on November 2, 2016. “MOST will make its position know”, said Kovačić this morning before the start of the meeting of deputy prime ministers […]

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Prime Minister Plenković Insists Tax Reform Will Not Be Delayed

By   /  31/10/2016  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  Comments Off on Prime Minister Plenković Insists Tax Reform Will Not Be Delayed

Croatian Prime Minister Andrej Plenković visited on Monday, together with other high-ranking government official, the Mirogoj cemetery in Zagreb on the occasion of All Saints’ Day which is on Tuesday. After the visit, he spoke to reporters and commented on the proposed tax reform and other issues. He said that tax reform had no alternative, […]

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FinMin: Tax reform to be prepared in parallel with work on 2017 budget

By   /  24/10/2016  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  Comments Off on FinMin: Tax reform to be prepared in parallel with work on 2017 budget

Finance Minister Zdravko Maric said ahead of a meeting with Prime Minister Andrej Plenkovic on Monday that the planned tax reform should be discussed by the government and that its implementation would be prepared in parallel with work on a draft budget for next year. Asked by reporters if the tax reform had been finalised, […]

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Experts Divided about Sustainability of Second Pillar of Pension System

By   /  21/10/2016  /  Croatia, Finance, HR Finance, HR Social, Social  /  Comments Off on Experts Divided about Sustainability of Second Pillar of Pension System

A conference on “Croatian Pension System and Sustainability of Its Second Pillar” was held on Friday. Experts who took part in the conference were divided over whether the second pillar, which consists of individual savings accounts, was unsustainable and ultimately less favourable for retirees or whether it was a good solution given the unfavourable demographic […]

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FinMin: Tax reforms core of fiscal policies

By   /  14/10/2016  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  Comments Off on FinMin: Tax reforms core of fiscal policies

Zagreb, October 14, 2016/Independent Balkan News Agency Economic growth and consequently increased employment, the continuation of fiscal consolidation and activation of ‘dormant’ capital will be the pillars of fiscal policies in the coming period with special emphasis on an overall tax reform, Finance Minister Zdravko Maric said on Friday, but he stopped short of specifying […]

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