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Government in Croatia aims to lift growth to permanent 5% per year

14.02.2017  16:27
The government wants to lift up economic growth to a permanent rate of 5%, deputy PM and EconMin Martina Dalic said on Monday at a business lunch organised by the American Chamber of Commerce (AmCham). Dalic mentioned the tax reform, the new public procurement law, and the action plan to relieve the administrative burden on businesses, to liberalise services, and to reduce non-tax levies by 30% this year as main measures to improve the business climate. She stated that the national reform plan will aim to make the country more attractive to investors. Dalic admitted the lack of enough skilled workers and agreed it was necessary to find a way to stop the emigration of skilled workers. Dalic made the comments after the EC's winter economic forecast was released and stressed the upgrade acknowledges the government efforts to improve the business environment.

PM Andrej Plenkovic and FinMin Zdravko Maric also commented the better forecasts, both saying that the upgrade confirms that the government is pursuing the right policies. Maric also affirmed that the government's measures are directed at boosting growth to a higher trajectory of 4-5%, he said for local Nova TV. He was confident though that the government would give reasons for further upward revisions in the next forecasting round. Maric also stated the government should work on making the availability and price of capital as favourable for entrepreneurs as possible.

Source: Hina