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Croatia News

  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • US LNG exports make European market more competitive

    ALBANIA, 2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
  • Migration drives EU population up, Luxembourg, Sweden, Malta register large growth in 2016

    CROATIA, 2017/07/11 Eurostat on Monday said in a press release that the people of the European Union (EU) was estimated at 511.8 million on January 1, 2017 due to net migration. According to Eurostat, the statistical office of the EU, during the year of 2016, 18 EU members witnessed people increases, while 10 members witnessed people decreases. The major increase was recorded in Luxembourg which was 19.8 per 1,000 residents, according to the data. Sweden's 14.5 per 1,000 residents and Malta's 13.8 per 1,000 residents ranked the second and the third.
  • Croatia Retail Sales Rebound In February

    CROATIA, 2017/04/10 Croatia's retail sales increased in February next falling in the previous month, figures from the Croatian Bureau of Statistics showed Monday. The volume of retail sales climbed a seasonally and working-day-adjusted 3.6 % month-over-month in February, reversing a 2.5 % rise in January.
  • ETOA: Suspension of visa exemption status for US citizens "extremely unlikely"

    BULGARIA, 2017/03/05 The European Parliament voted on 2nd March 2017 to require the European Commission to suspend visa exemption status for US citizens. In ETOA's view this is extremely unlikely to happen: the Council of the EU will object and the status quo will prevail. The situation arises because, since 2014, citizens of Bulgaria, Croatia, Cyprus, Poland and Romania have needed a visa to visit the US. This means that there is not full reciprocity in treatment of EU and US citizens. EU legislation provides for a 'delegated act' allowing the Commission to suspend exemption from visa requirements in the event of 'non-reciprocity.' This would apply to citizens of nations that impose visa requirement on EU citizens.
  • Higher earning Why a university degree is worth more in some countries than others

    AFGHANISTAN, 2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
  • The bridge which currently connects Bosnia and Croatia in Gradiska

    BOSNIA AND HERZEGOVINA, 2016/09/24 The long-delayed construction of the new bridge which will connect the city of Gradiska in Bosnia’s Republika Srpska entity to the Croatian municipality of Stara Gradiska across the River Sava will be discussed by the Bosnian and Croatian authorities at a conference organised by the European Investment Bank in Zagreb next week. "The conference will be organised on September 22 in Zagreb," Fadil Mandal, a spokesperson for the Bosnian Ministry of Transport and Communications, told BIRN in a written statement.
  • Croatia's Tihomir Orešković

    CROATIA, 2016/01/03 Croatia’s president this week designated pharmaceutical executive Tihomir Orešković to become prime minister, nominating a technocrat put forward by conservatives and a reformist party next weeks of talks following an inconclusive election. The November 8 elections were the country’s initial since it joined the European Union in 2013. No party gained the 76 seats needed for a majority, and the result was a hung parliament. “He convinced me that he has support of 78 parliamentary deputies,” President Kolinda Grabar-Kitarović said. Parliament has 151 seats.
  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.