Wednesday, 21 July 2021

Croatian Bureau of Statistics (DZS): Volume of Construction Work up 16% in May, Rising For 12 Months in Row

ZAGREB, 21 July, 2021 - The volume of construction work carried out in Croatia in May 2021 rose 15.9% compared with May 2020, and it fell by 0.1% compared with April 2021, according to data provided by the National Bureau of Statistics (DZS) on Wednesday.

May was the 12th consecutive month to see the rise in the volume of construction work on an annual level.

Year on year, the volume of construction work to buildings increased by 18% and the volume of construction work to other structures grew by 13%. Month on month, the volume of construction work to buildings fell by 0.3%, while the volume of construction work to other structures decreased by 0.9%.

For more about business in Croatia, follow TCN's dedicated page.

Wednesday, 21 July 2021

Croatian National Bank (HNB): 85% of Croats Hold at Least One Payment Card at End Of 2020

ZAGREB, 21 July, 2021 - At the end of 2020, 3.45 million Croatian consumers had at least one payment card, which means that of 4.05 million residents, 85% possessed cards for cashless payment,  according to the data provided by the Croatian National Bank (HNB).

The HNB's publication on cards and card transactions in 2020 shows that as many as 8.78 million such cards were registered at the end of 2020, which was down by 4.5% compared to the end of 2019.

Thus, 85% of the population held at least one payment card, more than 29% held at least two payment cards, and 17% three cards.

 Also, 240,264 payment card holders were business entities.

The HNB says that 4.83 million cards were used during 2020, 3.55 million were unused and 0.55 million were blocked.

As many as 6.92 million cards were debit cards (79%), up 0.41%. The remaining 21% (1.85 million) were credit cards, down by 20.32% compared to the end of 2020.

This decline in the number of credit card was ascribed by the HNB to the business decision of American Express to leave Croatia's market.

The HND data shows that there were 21 credit institutions and two electronic money institutions as payment card issuers in Croatia last year.

For more about business in Croatia, follow TCN's dedicated page.

Tuesday, 20 July 2021

Zagreb Stock Exchange Main Indices Rise

ZAGREB, 20 July, 2021 - The main Zagreb Stock Exchange indices increased on Tuesday, the Crobex by 0.43% to 1,923 points and the Crobex10 by 0.33% to 1,185 points, while regular turnover was HRK 5.1 million.

The most traded stock and the only one to cross the million kuna mark was the Podravka food company, turning over HRK 1.8 million. It closed at HRK 582 per share, up 0.34%.

Thirty stocks traded today, 11 rising in price and 11 dropping, while eight were stable.

(€1 = HRK 7.492196)

For more about business in Croatia, follow TCN's dedicated page.

Tuesday, 20 July 2021

Average net pay for May HRK 7,104

ZAGREB, 20 July, 2021 - For May 2021, the average monthly net earnings per person in paid employment in legal entities in Croatia amounted to HRK 7,104, nominally higher by 6.7% and really by 4.5% as compared to the same month last year, the national statistical office said on Tuesday.

As compared to April 2021, the nominal increase was 0.3% and the real one 0.2%.

The highest average monthly net earnings per person in paid employment in legal entities for May 2021 were paid in Manufacture of coke and refined petroleum products (HRK 10,756), while the lowest were paid in Manufacture of wearing apparel (HRK 4,401).

Median net earnings for May 2021 amounted to HRK 5,966 kuna.

For May 2021, the average monthly gross earnings per person in paid employment in legal entities amounted to HRK 9,553, a nominal increase of 0.3% and a real one of 0.2% as compared to April 2021.

The average monthly gross earnings per person in paid employment in legal entities were nominally higher by 5.4% and really by 3.2% for May 2021 as compared to the same month last year.

The average monthly net earnings per hour for May 2021 amounted to HRK 41.57, which was 4.3% higher than in April 2021. As compared to the same month last year, they increased by 6.3%.

The average monthly gross earnings per hour for May 2021 amounted to HRK 55.90, which was 4.3% higher than in April 2021. As compared to the same month last year, they increased by 5%.

In May 2021, there were 167 paid hours on average, decreasing by 4% as compared to April 2021. The greatest number of paid hours was recorded in the Human health activities (178) and the smallest one in Social work activities without accommodation (152).

(€1 = HRK 7.5)

For more about business in Croatia, follow TCN's dedicated page.

Friday, 16 July 2021

New and Improved FOI Course: Business Applied Information Technologies

July 16, 2021 - Continuing to improve education, a new and improved FOI course is open for the academic year 2021/2022. Meet the program of Business Applied Information Technologies.

With a fantastic display of informatical knowledge and growing interest in the field observable among Croatian pupils, it is only logical that the education system follows the demand.

Faculty of Organization and Informatics (FOI), based in Varaždin but part of the University of Zagreb, is already one of the more known high-education institutions for computer-sciences-inclined. But, as Srednja.hr reported, starting next academic year this autumn, an improved bachelor's study program will take its first students.

„By process of revision, and by following trends and modern markets, FOI successfully innovated a professional bachelor's program called Business Applied Information Technologies (PITUP), says Srednja.hr.

The article adds that the program has a multidisciplinary approach in combining information technologies and digital business. The program also develops in two directions: app development and informatics support aimed to allow students to progress in their preferred area. The education for the new and improved PITUP apart from Varaždin will also be available in cities and towns such as Varaždin, Sisak, Križevci, and Zabok.

As stated by Faculty's official website, FOI is active for more than 50 years and spent that time well in educating the most qualified experts in information technology, economy, organization, communicology, and other fields of similar direction.

„To educate our students, all the needed infrastructure is secured: equipped laboratories, videoconference halls, electronic learning system, wireless network for Faculty buildings and modern equipped library and reading room“, says FOI.

In addition, FOI has two buildings, with building two being within a five-minute walk from the center of Varaždin, and from building one directed towards Varaždin Student Dorms and the newly built Student Restaurant.

„Employers recognized the knowledge and skill of our students. From this year, ecx.io digital agency, that does business as part of IBM iX Group, collabs with FOI to give scholarships to three freshmen year students that will take the PITUPeducational program in Sisak Educational Centre“, added Srednja.hr

The city of Križevci also offers scholarships for three students from Križevci that stay in their town to study the new program.

Learn more about Varaždin on our TC page.

For more about education in Croatia, follow TCN's dedicated page.

Friday, 16 July 2021

Davor Nađi Interview: "Fokus Party Not for American-style Economy, Dutch or Scandinavian Preferred"

July 16, 2021 - One month after the local elections in Croatia, the liberal/center Fokus party president shares with TCN reflections of his Zagreb mayor candidacy, details on political views, plans, and hope for the future of Croatia. Learn more about the Fokus party in an exclusive Davor Nađi interview conducted by TCN reporter Ivor Kruljac.

2021 local elections for Croatia concluded back in June, and as with every local election, the majority of political parties whose candidates earned some new positions in the local governments managed to taste both victories and losses are overall happy. Some parties from both left and right political wings celebrated as scientists whose work won the Nobel prize. Even election losses were interpreted as victories, drawing attention to the number of votes, that although they may not score political roles, show growing support. If there is a once in four years occasion when political parties have as much optimism as the Croatian Adriatic has drops of water, it’s the local elections. 

Currently in parliamentary opposition, Davor Nađi, president of the Fokus political party, politically declared as center-oriented, also doesn't hide his optimism following the result, but it seems he is a bit more toned down in that excitement than some of his political competitors. Satisfied to see his colleagues from the party keeping their previous positions, and some even selected for new ones, he is expecting the Fokus party to grow in the future while remaining aware of Fokus being new and young on the scene - is careful to say more than he can bargain for. Nađi ran for Zagreb mayor, but in the end, didn't manage to win neither the "main prize" nor a seat in the Zagreb Assembly. He noted, however, that his candidacy helped to attract new Fokus members in Zagreb, but again stating it without grandiose announcements, rather with mild optimism, careful not to step out of the line of realism. 

In an e-mail interview, Nađi commented what happened in the Zagreb elections, did NGOs stepped out of line in supporting current mayor Tomislav Tomašević, and what do Fokus voters find attractive in the political party best known for reforming the town of Sveta Nedelja. Are they American-styles libertarians as described by some, and what European politicians are in line with Fokus’s ideas, are just some of the things Nađi revealed in the interview.  

davor_nađi_n1_cut.jpg

screenshot / N1

You are the president of the Fokus party, and candidates from your party had won in Sv. Nedelja, Samobor, Sv. Ivan Zelina and Dugo Selo. So, your party currently has four mayors. Can you list for our readers where your party had candidates for mayors, assemblies, and counties? How do you comment on „your mayor's" first-month post-election, and what moves would you point out as excellent in that time?

Except for these four cities, we also won in the municipalities of Križ and Pirovac. We ran for mayors and local and regional assemblies mostly in central Croatia (Zagreb and Zagreb county) but also in Čakovec, Slatina, Petrinja, Pirovac. We won 50 members of local and regional assemblies, including the president of assembly in Čakovec.

Most of our mayors were reelected, so they just continued working on projects. However, I would like to point out our new mayor of the city of Samobor, Petra Škrobot, who already contracted procurement of software for transparency of city budget and public procurement, which is one of the flagship policies of the Fokus party.

How would you briefly explain to our readers what your party represents and advocates politically? What politicians, foreign or Croatians are your role models, and why?

We represent the fight for lower taxes and fewer regulations for citizens and the private sector and for a more efficient public sector. That means that we want that people and companies can keep more of the money they earn for themselves and decide on what they want to spend it. For example, that is the only correct way to solve the housing problem – to make sure that people earn and keep more money. Further on, that means that the private sector gets better value for money through better service of the public sector where, in our vision, worst or/and unnecessary public servants would be let go, and the best workers would get a financial reward. We also talk and act on investments in infrastructure, which is important for preparing for future climate change challenges.

I can’t say I have some role models in politics, but I like the politics of Dutch PM regarding the economy because they have a small and efficient public sector that provides good service to their citizens. That allows them to keep their economy very competitive, which results in a better life for their people.

You express deep care for private investments, lowering taxes, and overall creating a better environment for private business and entrepreneurship. But, when talking about entrepreneurs in Croatia, people roll their eyes as many of our famous „entrepreneurs“ are associated with crime, corruption ties to politics, and unfair privatization that ended up in many people losing their job. What is your opinion on these entrepreneurs, such as Todorić or Horvatinčić? How to fix that negative perception of entrepreneurs?

Yes, the private sector is very important to us. We care about entrepreneurs but also about their employees. We also care about the best public servants too. 

I think that public opinion on entrepreneurs is changing in a good way because of a new generation of successful entrepreneurs that succeeded in the global market with no connections to the government. Todorić and Horvatinčić are the exact opposite of them and represent everything that is wrong with this country. It’s wrong to call them entrepreneurs because they are a product of crony capitalism. The only cure to fight people like them is an independent and efficient judiciary.    

New option for liberals in Croatia 

You ran for mayor in Zagreb. The polls didn't give you too much of a chance, but libertarian (classical liberal) oriented site Liberal.hr said that you could be „the biggest surprise of the Zagreb elections“. To tell you the truth, it didn't seem likely you will become a mayor, but I was very surprised you didn't win a seat in the assembly. What went wrong in Zagreb, and how is it possible that the city with the most developed business climate and entrepreneurship (and with a lot of entrepreneurs) didn't reward your entrepreneurship-oriented ideas, at least with the seat in the assembly?

Well, Fokus is a new party, and I’m relatively new in politics, so a lot of people weren’t informed about our program and achievements. Fokus party didn’t exist in Zagreb until this year, while other parties were building their organization for many years, so it was hard to catch up in just a few months period during a partial lockdown. However, even though we didn’t win a seat in the assembly, we achieved some other goals. Now we have a lot of new members, and a strong organization in Zagreb and a lot of people have heard about FOKUS for the first time. Further on, we are the strongest liberal party in Zagreb, and we had better results than a lot of old traditional parties. So I believe that in the future, our support will only grow in Zagreb.

Davor_during_his_campaing_in_Zagreb_23.jpg

Davor Nađi during his campaign in Zagreb © Davor Nađi

You said on your Facebook site that you didn't receive enough media attention, and indeed you weren't invited to the debates (with the explanation being that only those who earned 5% in polls will be invited). However, you had banners and posters across Zagreb where you talked about how you are experienced to be a mayor because of Sveta Nedelja, where you were a deputy mayor, and the town did receive media attention few years back for amazing changes introduced there. What was your contribution to the transparency of public servants, lowering taxes, and canceling the subtax in Sveta Nedelja as deputy mayor? 

I was the designer of those policies with the strong support of mayor Zurovec and the city council, and I was working on these policies from the beginning until the implementation. I’m very proud of that because Sveta Nedelja did the biggest tax cut in Croatia, became the most transparent city in Croatia, and received a reward for the best local economy three years in a row.   

You criticized some of the moves by the new Zagreb mayor Tomislav Tomašević. Can you repeat what do you find problematic in his governance so far, but also, is there anything positive, something you would support him in if you made it to the Zagreb assembly?

There are some things that are good, and some are not. I reacted on one occasion, but let's wait a little bit more time before I can comment general impression so far.

However, for our readers who are foreign and didn't have the chance to see your comment in Croatian, can you briefly explain what did you found problematic with Tomašević early on to the point that you had to react publicly?

He stopped most of the public procurement. Even though I understand his concern that there might be corruption problems, that is not the way to solve that problem. That problem should be solved with better process and clear guidance from the mayor to the city administration because if public procurement is stopped for too long, there will be problems for citizens. On the other hand, in a short period of time new mayor will not be able to change much if he doesn’t make the process of public procurement more transparent and efficient. 

Far from the US philosophy

 Once on N1, you said political parties in Croatia are still pretty socialistic. Since on that occasion you were a guest at N1 regarding Zagreb Reconstruction Bill, did you mean they were socialistic just in that regard or in general? Are Croatians also socialistic too?

They are socialistic in general, and that bill was just the latest example. That orientation of political parties in Croatia resulted in a situation in which an enormous part of the economy depends on the state so we actually have crony capitalism. That sends the wrong message to the people, so people lose self-confidence and think they can’t earn for themselves and their families, and instead, they rely on the state to help them in every aspect of their life. They simply don’t take into account the fact that the state is corrupt and inefficient, which may be because of inadequate financial literacy.

However, it seems to me that the tide is changing with the lead from the local level from cites like Sveta Nedelja and that people are beginning to see the benefits of liberal policies.

When you say the parties are socialistic, some could think this is the heritage of Yugoslavia. However, aside from the communist experiences of South-Eastern Europe, the overall European political culture and tradition goes along the way „yes to democracy, yes to free market, yes to the individual freedoms“ but also „yes to social care, yes to free health, yes to free education, yes to supporting cultural and artistic projects, scientific research, etc“. Many people see Fokus as being against that and wanting to dismantle that European political culture with American political culture, which seems to be notorious in Europe for its health and education system, which as people see it, „is alright if you have cash, but not for the poor“. Are you indeed into „making Croatia American rather than European?“ and if so, how would you address the mentioned sectors of health, education, culture, and science? What about HRT in that context (as the idea of a public TV financed by the state is a European invention in the media landscape)?

Of course, we are not for an American-style economy. We prefer the Dutch or Scandinavian style with high economic freedom and adequate social benefits. Some people don’t understand that “free” health care doesn’t exist. Taxpayers pay for that. And if we think a little bit more about our health care system, do we really have health care that is accessible to the poor? How long are the waiting lists? People pay taxes for health care, and when they need it, then they don’t get it. That is not free health care! Almost the same is for everything else. I believe that vouchers would solve that problem because then even poor people could afford health care service from the private sector, and the public health care system would have to be more efficient and provide better value for money. The same thing is possible with education. HRT should be significantly downsized, and subscriptions decreased with the option to opt-out from their service.

When it comes to the overall Croatian political landscape, Fokus does offer something truly different from other political options, and it seems quite right to expect that Fokus will continue to grow. But, what do you think made Fokus uprise to start in central Croatia, in Sveta Nedelja, Samobor, Dugo Selo, and Sv. Ivan Zelina? Is there something that makes the culture and society in these areas different comparing to the rest of Croatia that they were the first to recognize and give a chance to your program?

Fokus also has a mayor of Pirovac in Dalmatia and president of the city council in Čakovec, members of City council in Slatina, etc, so I wouldn’t say that our policies are only recognized in central Croatia. However, we have better support in parts of Croatia, where fewer people work in the public sector and more in the private sector. That is not surprising since we promote policies that would result in a more efficient public sector and less red tape and taxation for the private sector. 

 Davor_during_his_campaing_in_Zagreb.jpg© Davor Nađi

 Up next: European elections and Croatian Parliament 

On the note of local success, many view local elections as a forecast for what can happen in parliamentary elections. How would you rate your chances on the next parliament elections based on local results?

I’m very optimistic. Fokus has a very good position to grow and to achieve a great result. Fokus is already a success story and we have grown in a number of members in every part of Croatia. I believe that a new government after elections will not be formed without a strong party or coalition from the political center, and if we look at the results of local elections, Fokus is the fourth party by a number of mayors in Croatia. Also, we are the strongest party of the political center in national ratings, so that gives us reason to believe that we can gain even more support from our citizens in the future.

 Back to the Zagreb elections. The two main candidates represented Gree-left values and national, conservative, sovereign values. Tomašević not only got support from some of the other European mayors but, just as with Škoro's values, there are plenty of same-minded people in Europe sharing those values. You mentioned your appreciation for the Dutch Prime Minister, but are you as well in contact with like-minded parties and politicians in the EU?  

Fokus is a new party, so we still haven’t formed significant international alliances, but we can see ourselves working with other European liberal parties. Of course, the one with the best results is Dutch VVD that is in power on the state level. 

But when we talk about the support that Tomašević or some right-wing parties and NGOs in Croatia had in recent years from abroad; I would say that there is a thin line between support and meddling into elections, and I would say that that line was crossed.

But, can we expect that Fokus will try to be in communication with them? Any plans for running on European Parliament elections as a good point to meet with other think-alike politicians in the EU?

I said that we don't have some significant alliances with them. However, we are in contact with some of them. We will see where that will take us. EP elections could be the first opportunity to test eventual cooperation.

And regarding what you said about there being a thin line between support and meddling in elections and how that line was crossed in Zagreb elections by NGOs, is there a risk of entrepreneurs doing the same thing when supporting, either financially or with public influence, certain parties? How can we prevent such meddling legally but yet with respect to the right of political expression to organizations and individuals?

I don’t see the financial support of Croatian entrepreneurs to political parties as a problem. The problem is only if they receive privileged treatment after the election in return for giving financial support. I would go one step further and say that we should welcome donations of private individuals and companies to political parties because that would mean that political parties would be less dependant on public financing. That should be a normal part of the domestic election process. However, if foreign money is included in financing political parties or their leaders, direct or through other channels, then we as a state have a problem.

To conclude, you are MA of the economy, and you talk a lot about economic solutions. Are our economy and business truly the core issues politicians need to address? Additionally, what are your views and the views of Fokus on defense policy, diplomacy, international relations, emigration policy (asylum seekers trying to enter Croatia), Croatian veterans, diaspora, and the ideological, historical disputes among Croatians, which for better or worse seem to often resolve the elections on a parliamentary level?

It would take a much longer conversation to answer all these questions, but I will try to answer in few sentences. Yes, I believe that economy is the most important issue that needs to be addressed because that is the place where value is created and which provides a better life for people and necessary funding for all government programs. Without a strong economy, the state can’t finance defense or social benefits. Unfortunately, you are right that elections are, in the biggest part, decided on other issues that target emotions rather than reason. 

When it comes to defense policies, liberals believe that the basic tasks of the state are to provide to their citizen's rule of law and protection from foreign and domestic threats. So we should have adequate defense capabilities. On the other hand, we have no problem financing social benefits to real war veterans, however almost 30 years after the war, there shouldn’t be any new users of these benefits. Regarding international relations, our position is that Croatia should remain an EU and NATO member with strong relationships with the USA and with a clear position that China can’t be our partner until they don’t behave by the same rules like everyone else with the biggest concern regarding human rights issues.

Even though we are a small country, that doesn’t mean we can’t lead by example. It is up to us if we will stay on the bottom of every European statistic table or we will start going up. We have all the resources we need to thrive.

Learn more about Croatian politics and history since 1990 on our TC page.

For more about politics in Croatia, follow TCN's dedicated page.

Wednesday, 14 July 2021

Zagreb Stock Exchange: Indices Close in Red

ZAGREB, 14 July, 2021 - The main Zagreb Stock Exchange indices fell for the second day in a row on Wednesday, recording a fall of about half a percent.

The Crobex decreased by 0.58% to 1,939 points while the Crobex10 fell by 0.9% to 1,196 points.

The tourism sector index fell the most, by 1.70%, while the industry sector index increased the most, by 1.91%

Regular turnover amounted to HRK 8.8 million or about HRK 1.6 million more than on Tuesday.

The highest turnover of HRK 3.8 million was generated by the Ericsson Nikola Tesla company. The price of its shares weakened by 0.31% to HRK 1,620.

The Valamar Riviera hotel group generated a turnover of HRK 2 million. The price of its shares plunged by 3.5% to close at HRK 27.6 per share.

A total of 41 stocks traded today, with 12 of them registering share price increases, 13 recording share price decreases and 16 remaining stable in price.

(€1 = HRK 7.487323)

For more about business in Croatia, follow TCN's dedicated page

Wednesday, 14 July 2021

Women Work One Month For Free, Says MEP Glavak

ZAGREB, 14 July, 2021 - Women work one month for free due to lower wages and their total income, and consequently their pension, is lower because they care for children and the elderly, Croatian MEP Sunčana Glavak (EPP) said on Wednesday.

She was speaking at an event at Plitvice Lakes which discussed how to strengthen the position of women in Croatia and Europe, held as part of the Conference on the Future of Europe.

Glavak said a division into men's and women's departments was not felt in the EP because the persons there were competent, but added that a balance had not been achieved anywhere in Europe.

She called on citizens to engage in a debate on that and other European topics via the Commission's platform “futureu.europa.eu.”

Prime Minister Andrej Plenković said four women ministers in Croatia's 18 government departments was not enough, but added that they "run important departments and make a big contribution to this government."

He boasted that Croatian women hold high positions in European institutions - Dubravka Šuica is a Commission vice president, Marija Pejčinović Burić the Council of Europe secretary-general, Ivana Maletić a judge at the European Court of Auditors, and Maja Markovčić Kostelac the head of the European Maritime Safety Agency.

"As a government, we will continue to make an effort towards empowering and protecting women, towards equality and women's participation at a higher level and a high representation percentage," he said.

Present at the Plitvice conference were Tourism and Sport Minister Nikolina Brnjac, Culture and Media Minister Nina Obuljen Koržinek, Regional Development and EU Funds Minister Nataša Tramišak and Agriculture Minister Marija Vučković, while Šuica and EPP Women President Doris Pack participated virtually.

For more about politics in Croatia, follow TCN's dedicated page.

 

 

Wednesday, 14 July 2021

Croatia Increases Sea-Fish Catch and Production

ZAGREB, 14 July, 2021 - Croatia increased the catch and production of sea fish and other marine organisms by 9% in 2020 compared with the previous year, while the value of fisheries rose by 10.4%, according to provisional data from the Croatian Bureau of Statistics.

The increase in the value of fisheries was due to the 11.6% rise in the value of sea fisheries, which in turn was driven by the 10.3% increase in sales.

A total of 66,535 tonnes of pelagic fish were sold last year, which is 7,054 tonnes more than in 2019, while the value of pelagic fish sold rose by 13.7% to HRK 518.2 million.

Also sold were 18,321 tonnes of other fish, their value reaching HRK 774.8 million, up by 13.5% compared with 2019.

The number of fishermen engaged in maritime fishing in 2020 fell by 0.4% to 6,582, and the number of fishing vessels decreased by 0.8% to 7,555.

The provisional data also show that the total production of freshwater fish in 2020 declined by 14.7% to 2,644 tonnes.

(€1 = HRK 7.48)

For more about politics in Croatia, follow TCN's dedicated page.

Wednesday, 14 July 2021

Jehan Arulpragasam New World Bank Country Manager for Croatia and Slovenia

ZAGREB, 14 July, 2021 - Economist Jehan Arulpragasam has been appointed the new World Bank Country Manager for Croatia and Slovenia, the World Bank Office in Croatia announced in a statement on Wednesday.

In this position, he will lead the World Bank Office in Zagreb and oversee the World Bank’s strategic, analytical, operational and knowledge program in both countries.

Mr. Arulpragasam is an economist with 35 years of experience working in international development in over 40 countries world-wide. His work has focused on inclusive growth and human development, covering a range of issues from macro-economic and fiscal policy to structural sector reform and social policy.

The World Bank's current program in Croatia focuses on mitigating the economic and social impact of COVID-19, post-earthquake reconstruction, transport, justice, innovation, business environment, land administration, science and technology, and economic development of the Pannonian region.

The World Bank has been a partner to Croatia for over 27 years. During this period, the Bank has supported more than 50 projects, worth almost US$5 billion, produced numerous studies, and provided technical assistance to help strengthen institutions and support the design of policies and strategies, the statement said.

For more about politics in Croatia, follow TCN's dedicated page.

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