CROATIA COMMERCIAL PROPERTY SECTOR CAUTIOUSLY OPTIMISTIC ABOUT EU ACCESSION
June 1st, 2013
THE COMMERCIAL property sector in Croatia, which is to join the European Union (EU) on July 1, is anticipating a boost to several key sectors as a result of the country's long-awaited accession. However, the industry remains understandably cautious given the continuing economic difficulties being faced by the EU.Croatia has been in recession or stagnation since 2008, with GDP falling by 1.6% in 2012 and a further decline forecast for 2013, although some economists are now predicting modest growth of 0.3%.The country’s commercial property market has continued to ...
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