Of all transition countries, the recovery in Croatia is the slowest, according to an analysis of Croatian companies' business activities published in a report on the 400 biggest Croatian companies and the finance industry in 2010.
At the presentation of the report on Friday, economic analyst Zarko Primorac said that with a 1% economic growth Croatia will remain at the rear of the list of the transition countries which are expected to record an average economic growth of 3.9 % in 2011 and 4.2 % in 2012.
The biggest problem is illiquidity because of which the accounts of over 80,000 companies are blocked and their debts amount to over HRK 38 million. Illiquidity has continued to be on the rise.
Another major problem is lack of investments, which last year amounted to only 41% of the investments in 2009.
