ZAGREB/BRUSSELS, Jan 23(Hina) - Croatia has achieved a stable macroeconomic framework in recent years, with low inflation and an improved fiscal policy, the European Commission evaluated in Friday's annual report on the Western
Balkans in transition.
ZAGREB/BRUSSELS, Jan 23(Hina) - Croatia has achieved a stable
macroeconomic framework in recent years, with low inflation and an
improved fiscal policy, the European Commission evaluated in Friday's
annual report on the Western Balkans in transition.#L#
The report, which was drawn up by the Commission's Directorate-General
for Economic and Financial Affairs, provides an overview of recent
trends in the macroeconomic and structural development of the five
countries covered by the Stabilisation and Association process --
Croatia, Bosnia-Herzegovina, Serbia-Montenegro, Macedonia, and
Albania.
Croatia is said to be clearly above the average of the other four
countries.
The Commission recommends that the policy of fiscal consolidation in
Croatia be continued and structural reforms accelerated in light of
challenges related to European Union rapprochement.
The report also underlines the need of enhancing the role of the
private sector in the economy and making Croatian products more
competitive. The Commission recommends continuing with privatisation
projects that help to utilise Croatia's economic potential, like in
tourism.
(Hina) ha