ZAGREB, July 13 (Hina) - According to the international credit rating agency Dun & Bradstreet (D&B), the Kosovo crisis has had a deep effect on Croatia's economy, especially the country's tourism. If the overall slowing down of
economic activities is added to this, the improvement of business risk indicators for Croatia, which in July remained unchanged (DB5b), is not likely to happen soon, the Zagreb company BonLine reported. The investment risk evaluation of DB5b, which has not changed for several months, keeps Croatia on the ninth place in a group of 24 countries of Central and East Europe. According to D&B, the decrease in production and retail trade will cause an 0.8 per cent decrease of Gross Domestic Product (BDP). The agency estimates that positive growth of BDP could happen only upon the country's entering the new millennium. This is when the positive effects of re
ZAGREB, July 13 (Hina) - According to the international credit
rating agency Dun & Bradstreet (D&B), the Kosovo crisis has had a
deep effect on Croatia's economy, especially the country's
tourism.
If the overall slowing down of economic activities is added to this,
the improvement of business risk indicators for Croatia, which in
July remained unchanged (DB5b), is not likely to happen soon, the
Zagreb company BonLine reported.
The investment risk evaluation of DB5b, which has not changed for
several months, keeps Croatia on the ninth place in a group of 24
countries of Central and East Europe.
According to D&B, the decrease in production and retail trade will
cause an 0.8 per cent decrease of Gross Domestic Product (BDP). The
agency estimates that positive growth of BDP could happen only upon
the country's entering the new millennium. This is when the
positive effects of reduced state spending could be seen, the
agency estimated.
(hina) rml