According to the WIIW latest report headlined "The Current Situation In And Forecasts For Central, Eastern and Southeast European Countries", Croatia is the first country to join the EU next.
Macedonia will follow in 2013, while Albania, Bosnia-Herzegovina, Serbia and Montenegro will join the bloc in 2015, WIIW said.
Bulgaria is the first country to adopt euro next which, according to WIIW, is expected in 2009. Romania will follow in 2012 when Croatia is also expected to adopt the European currency. Macedonia will implement euro in 2015, WIIW said.
The institute expects Albania, Bosnia-Herzegovina and Serbia to enter the Eurozone in 2017 and Turkey will follow in 2020.
WIIW expects Croatia to mark a five percent GDP growth in 2007 and 2008. Inflation in 2007 should amount to 2.8 percent and drop to 2.3 percent in 2008.
According to WIIW forecasts, Croatia's unemployment rate in 2007 should amount to 10.8 and 10.3 percent in 2008.