Croatia Country Risk Report - Business Monitor International - Industry Reports

Croatia Country Risk Report

Croatia Country Risk Report - Business Monitor International - Industry Reports
Croatia Country Risk Report
Published Jul 23, 2015
49 pages — Published Jul 23, 2015
Price US$ 1,195.00  |  Buy this Report Now

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While we expect Croatia s long-term political risk profile to continue improving following its accession to the EU, we caution that further pro- gress and reforms are needed for the country to realise its full potential. We highlight the key challenges that could threaten stability in Croatia over the next -- years and outline three possible long-term scenarios for the country. ...A giant swastika appeared on the pitch during a football match against Italy in ----, with vandals spraying the symbol with a chemical that became visible only when the floodlights were turned on. The ongoing criminal proceedings at the International Criminal Tribunal for the former Yugoslavia (ICTY), with which coopera- tion has been a key demand of the European Commission, has sparked national uproar against what many in Croatia see as a government betrayal in handing over national heroes to be tried for war crimes. In our view, though necessary for improving -- Business Monitor International Ltd ...In our view, though necessary for improving -- Business Monitor International Ltd

...Source: BMI competitiveness issues, that will hinder long-term economic growth; and lingering ethnic nationalism, which will persist amongst segments of the population. Debt sustainability will remain a lingering threat to Croatia s nascent economic recovery over the coming years. The imposi- tion of the EU s Excessive Deficit Procedure (EDP) in ---- has contributed to some success controlling government expenditure in recent quarters (see chart below). However, as the election ap- proaches, a lack of appetite for more extensive fiscal consolidation, a growing public debt load (-- of GDP) and persistently weak government revenue collection will probably force the govern- ment to seek some form of aid deal with the IMF at some stage. Such a deal could be needed to plug funding gaps if borrow- ing costs rise further over the coming months (see chart right). ...A Nazi swastika was etched onto the football pitch during a Croatian football - Business Monitor International Ltd political outlook HDZ Leads Kukuriku Coalition in the Polls voting Intentions,

...While progress continues to be made, Croatia remains institutionally weak, with judicial reform a necessity. Although some progress has been made combating corruption in the years leading up to Croatia s EU accession, we believe the quality of political processes in Croatia will remain poor for some time to come. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Croatia Country Risk Report" Jul 23, 2015. Alacra Store. Oct 27, 2016. <>
Business Monitor International - Industry Reports. (2015). Croatia Country Risk Report Jul 23, 2015. New York, NY: Alacra Store. Retrieved Oct 27, 2016 from <>
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