Croatia must maintain stability of its public finances until its EU entry and prepare itself for absorption of EU funds, a senior economist in the World bank office in Croatia, Sanja Madzarevic-Sujster, said after the presentation of the latest EU 11 Regular Economic Report.
Stability of public finances is critical and the government is making efforts to maintain that stability, Madzarevic-Sujster said adding the the implementation of the Fiscal Stability Act would contribute to that.
The World Bank said earlier this week it expected Croatia's economy this year to contract by one percent compared to the year before, and for all 11 countries together it expects an economic growth of 1.5 percent
The biggest economic growth is expected in Poland (2.9 pct), followed by Latvia and Lithuania (2.3 pct) and Slovakia (2.1 pct).
According to the World Bank's projections, apart from Croatia, the economies of Hungary and Slovenia are also expected to contract by 0.4 and 1.2 percent respectively.
