"I am confident that this year we will achieve that too and be at a positive nil", Vrdoljak told reporters who asked about the outlook on Croatia's Gross Domestic Product (GDP) with regard to trends in the eurozone.

Croatia's exports are in a good measure tied to the European Union market and with the eurozone coming out of recession, that will certainly help us too, he said after presenting a public-private partnership investment to construct the "Justice Square" in Zagreb's western suburbs.

Analysts have speculated that the eurozone will achieve a growth in GDP in Q2, the first time since 2011 and end the longest recession of its 14-year existence.

Analysts have forecasted that after GDP has fallen for six consecutive quarters, the average GDP in 17 eurozone countries has grown by 0.2% compared to the preceding quarter.