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Croatia's external debt in July EUR 43.8 billion, says HNB

ZAGREB, Nov 9 (Hina) - Following the issuance of government bonds in July, Croatia's external debt came to EUR 43.8 billion at the end of July, accounting for 97 percent of the projected Gross Domestic Product for 2010, according to the latest figures released by the Croatian National Bank (HNB) on Tuesday.

During the second quarter of 2010, Croatia's external debt increased by EUR 600 million.

The total external debt in July rose by EUR 158 million from June due to the issuance of central government bonds in the amount of USD 1.25 billion and additional debts incurred by public companies.

However, all of this was alleviated by a reduction of debts of commercial banks of some EUR 820 million.

The central government did not make any major transactions increasing the foreign debt, but the debt went up as a result of inter-currency changes, the central bank's analysts said.

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