ZAGREB, Jan 27 (Reuters) – Croatia is considering turning
Swiss franc-denominated home loans into long-term lease
agreements to help thousands of families hit by the surge in the
value of the Swiss currency, Finance Minister Boris Lalovac said
About 60,000 Croatians hold loans in Swiss francs, mostly
for housing. Croatia’s stock of Swiss franc loans stands at
about 27 billion kuna ($4 billion) or a little under 8 percent
of gross domestic product (GDP).
ZAGREB, Jan 23 (Reuters) – Damir Hajduk likens paying off
his mortgage to the tale of Sisyphus in Greek mythology,
condemned forever to push a boulder uphill, only for it to roll
back down again and again.
“You keep paying and the debt never goes down,” said the
47-year-old Croatian father of three. “After ten years of
monthly payments, if we calculate in the (local currency) kuna,
today I owe more than the principal I originally took.”
ZAGREB (Reuters) – Ivo Josipovic faces a tight run-off next month to try to win a second five-year term as Croatia’s president after failing to secure a majority from voters frustrated by the country’s economic malaise.
With 98 percent of Sunday’s ballot papers counted in the European Union’s newest member, Josipovic was on top with 38.5 percent, followed closely by Kolinda Grabar-Kitarovic from the HDZ, the main conservative opposition, on 37 percent.
ZAGREB (Reuters) – Croats were voting for a new head of state on Sunday but none of the four candidates for the largely ceremonial post in the European Union’s newest member seemed likely to win outright.
Incumbent Ivo Josipovic, supported by the ruling Social Democrats (SDP), is seen as a front runner even though the government’s failure to halt economic decline has greatly eroded the SDP’s popularity ahead of a general election in late 2015.
MURSKA SOBOTA, Slovenia, Nov 6 (Reuters) – Slovenia’s
best-selling author Feri Lainscek published most of his 21st
novel, “Fear for Butterflies in the Storm”, in instalments on
Facebook over several months this year.
It was an attempt to interact with his readers and share
what he had written almost in real time, but the final chapters
will only be published when the book comes out this month.
ZAGREB, Nov 3 (Reuters) – At midday, the main food market in
Croatia’s picturesque capital is a feast of colour, sounds and
By mid-afternoon, when vendors pack up their stalls, the
European Union’s newest member shows its flip side; the poor
move in to collect fruit and vegetables discarded on the
ZAGREB/BUDAPEST, Oct 31 (Reuters) – The United States is
mounting a diplomatic offensive to stop Hungary selling a stake
in a Croatian energy firm to Russia, part of what Western powers
see as Budapest’s dangerous drift into Moscow’s orbit.
The U.S. government has already taken the highly unusual
step of blacklisting six people with ties to the government in
Hungary, a NATO ally and European Union member, from entering
the United States, accusing them of involvement in corruption.
ZAGREB, Oct 21 (Reuters) – Washington has offered to help
resolve a long running dispute between Croatia and Hungary’s MOL
over their jointly-owned oil firm INA by
proposing international mediators to steer the talks on INA’s
“We have given to the Croatian government and to MOL a list
of four names of people of various nationalities, who are
experts at mediation … in the hope that having a mediator at
discussions will help the discussions move forward,” U.S.
Ambassador to Croatia, Kenneth Merten, told Reuters this week.
LJUBLJANA, Oct 1 (Reuters) – Slovenia’s new government will
proceed in the coming days with the sale of the country’s main
telecom firm Telekom Slovenia, Prime Minister Miro
Cerar told Reuters on Wednesday, in comments likely to calm
market concern over backsliding.
Speaking at the Reuters Eastern Europe Investment Summit,
Cerar said his government would press ahead with the sale of 15
firms slated for privatisation by his predecessor as part of a
package of crisis measures to stabilise Slovenia’s finances
after narrowly avoiding a bailout last year.
GOLI OTOK, Croatia, Sept 15 (Reuters) – The clear blue
waters of the Adriatic and the happy cries of tourists visiting
Goli Otok (Barren Island) off Croatia’s coast help obscure its
dark past as a hard-labour detention camp for political
prisoners in formerly communist Yugoslavia.
Planners were due to start debating what to do with it on
Monday, weighing a pile of proposals from building a memorial to
wiping out all trace of the notorious jail and bulldozing the
site for new developments.