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Croatia to wrap up 2004 with stable macroeconomic situation - PM

ZAGREB, Dec 15 (Hina) - Prime Minister Ivo Sanader refuted on Wednesdaysome media's allegations to the effect that insolvency had gone up,stating that Croatia would wrap up 2004 with a stable macroeconomicsituation.
ZAGREB, Dec 15 (Hina) - Prime Minister Ivo Sanader refuted on Wednesday some media's allegations to the effect that insolvency had gone up, stating that Croatia would wrap up 2004 with a stable macroeconomic situation.

"We are ending this year with a stable macroeconomic and political situation," Sanader said at a Government session.

He backed his claim by presenting numerous figures, for example that in comparison to November 2003, this November there were 2,000 less legal entities which had not settled their obligations to the state, or that the amount of unpaid liabilities in said period had gone down from 12.7 billion in November 2003 to 11.1 billion kuna this November.

Sanader also said the growth of the external debt had gone down, as had the national deficit and unemployment, while exports were growing faster than imports.

(EUR1 = 7.5 kuna)

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