Croatia

Can Croatia Revive Its Fading Birth Rate? A Look into the Nation's Struggles and Solutions

22 days ago

As Croatia grapples with a burgeoning crisis characterized by a dwindling birth rate, the nation stands at a crossroads, urging a rapid response to avert a looming demographic disaster. The population has been in decline for years, with 2022 marking a significant dip. The government's data reveal a grim reality: only 31,000 newborns were recorded, marking the lowest figure since the foundation of the Croatian state after the breakup of Yugoslavia. The urgency of this situation has sparked discussions on strategies to boost birth rates and secure the nation's future.

Rising Prices Dampen Croatia's Appeal to Tourists, Warns Central Banker

3 months ago

In a recent statement, the Croatian National Bank's governor has raised alarm over the escalating prices in the country, suggesting these rising costs could deter potential tourists. This warning comes at a crucial time as Croatia aims to strengthen its economy through tourism, a sector that has historically played a pivotal role in its financial health.

Moody's Elevates Croatia's Credit Rating to A3 After Upgrades by S&P and Fitch

5 months ago

In a significant development that underscores Croatia's improving economic stability, Moody's Investors Service has upgraded the country’s credit rating to A3. This adjustment follows recent upgrades by both Standard & Poor’s (S&P) Global Ratings and Fitch Ratings, marking a phase of positive trajectory for Croatia's financial credibility on the global stage.

Croatia in No Rush for Foreign Bond Sale After Upgrades, PM Says

6 months ago

Croatia's Prime Minister said the country was in no rush to enter the foreign bond market despite recent upgrades to its credit rating. Prime Minister Andrej Plenković signaled that Croatia is being extremely careful when it comes to foreign debt after a set of credit confirmations from key ratings agencies.