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Kuna to be exposed to further appreciation pressure - analyst

Izvor: HINA
ZAGREB, June 11 (Hina) - A steady growth in loans, the privatisation of the national oil company INA and a possible acquisition of the leading pharmaceutical company Pliva as well as the government's intention to continue taking loans on the domestic market can be main reasons for the further appreciation pressure on the national currency of kuna, a finance analyst said in Zagreb last week.
ZAGREB, June 11 (Hina) - A steady growth in loans, the privatisation of the national oil company INA and a possible acquisition of the leading pharmaceutical company Pliva as well as the government's intention to continue taking loans on the domestic market can be main reasons for the further appreciation pressure on the national currency of kuna, a finance analyst said in Zagreb last week.

According to Goran Saravanja, the analyst of CAIB, the investment house of the HVB Splitska Banka, it should not be a surprise if the euro would be traded at about 7.1 kuna this summer.

He projected that this year's average middle rate of the kuna could be 7.31 kuna against one euro, the lowest annual rate since 1998.

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