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RESEARCH SHOWS 55 PERCENT OF CROATIAN CITIZENS DON'T SAVE

ZAGREB, Nov 4 (Hina) - As many as 55 percent of Croatian citizens do not save, while 25 percent of the 45 percent who do save keep their savings in banks, according to a research conducted by the Zagreb-based GfK Market Research Centre.
ZAGREB, Nov 4 (Hina) - As many as 55 percent of Croatian citizens do not save, while 25 percent of the 45 percent who do save keep their savings in banks, according to a research conducted by the Zagreb- based GfK Market Research Centre. #L# Sixteen percent of those who save pay a life insurance policy, while ten percent keep cash at home. Only four percent save in some other way, for example through housing savings banks, by purchasing real estate or works of art, investing in a business, or depositing money outside Croatia. GfK has been monitoring the financial market for three years now on 1,000 adult citizens. The results issued on Monday refer to a research conducted in September. This year's results are better than last year's, said GfK. While in 2000 and 2001 every fifth citizen of those who saved did so in banks, this year every fourth does so. The share of citizens who do not save has dropped from 62 percent in 2000 to 55 percent this year. (hina) ha sb

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