1 June 2020
  • 09:37 HOT TOPICS: Montenegro and Serbia clash over border opening
  • 12:34 The alphabet soup of economic forecasting
  • 09:04 Top Balkan Women – 5/11: Roksanda Ilinčić
  • 10:32 HOT TOPICS: Croatia’s government forecast the GDP to shrink by 9.4% in 2020
  • 09:28 How top Slovenian companies are doing business during the Covid-19 epidemic: They got closer to customers, became more flexible and more digitalised.

At the end of September, total deposits in commercial banks in Croatia amounted to HRK 288bn (EUR 38.7bn), up by HRK 14bn or 5.2% more than in the same period last year, according to new analysis by Raiffeisenbank Austria (RBA). Thus, the trend of growth of total deposits on an annual level has continued since December 2011. This is mostly due to the strong increase in demand deposits, which include funds held in bank accounts, amounting to HRK 86bn (EUR 11.6bn) in September, up 23.8% year-on-year. Savings and time deposits, however, registered an annual decline, according to RBA analysts. At the end of September, they stood at HRK 202bn (EUR 27.2bn), down 1.1% year-on-year.

The European Commission on Thursday raised the estimate for growth of the Croatian economy this year to 2.8% from the previous 2.6%. The Commission also boosted the growth forecast in 2019 to 2.8% from the previous 2.5%. Thus, in 2019 the gross domestic product (GDP) is expected to reach the pre-crisis level, while in 2020 growth could slow to 2.6%. The Commission estimates the household consumption does not show any signs of slowing down, supported by positive trends in employment and wages.


Adriatic Journal


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.