Zoran's Feed
Apr 27, 2015

Bosnia expects to agree new loan deal with IMF: central bank chief

ROVINJ, Croatia (Reuters) – Bosnia will start talks this week on a new loan deal with the IMF as its current loan arrangement, put on hold last September, has effectively been concluded, central bank governor Kemal Kozaric told Reuters on Monday.

The International Monetary Fund said separately on Monday it would begin reviewing terms of its loan for Bosnia, which it put on hold due to the government’s failure to implement agreed economic policies, from Tuesday. It said it may also discuss a new loan arrangement with the authorities.

Apr 27, 2015

Bosnia expects to agree new loan deal with IMF -c.bank chief

ROVINJ, Croatia, April 27 (Reuters) – Bosnia will start
talks this week on a new loan deal with the IMF as its current
loan arrangement, put on hold last September, has effectively
been concluded, central bank governor Kemal Kozaric told Reuters
on Monday.

The International Monetary Fund said separately on Monday it
would begin reviewing terms of its loan for Bosnia, which it put
on hold due to the government’s failure to implement agreed
economic policies, from Tuesday. It said it may also discuss a
new loan arrangement with the authorities.

Apr 21, 2015

Croatian doctors lured west, giving newest EU member a headache

ZAGREB (Reuters) – The strong turnout at Careers in White, an international jobs fair for health workers last month in the Croatian capital, was good news for organizers but poses a headache for the newest member of the European Union.

Since Croatia joined the EU in July 2013, making it easier for its citizens to seek work across the bloc, 752 of its doctors, or 4 percent of the total, have applied for papers to demonstrate they are qualified to work abroad, according to the Chamber of Doctors, a licensing body.

Apr 9, 2015

Croatia to appeal against fan ban for Italy qualifier

ZAGREB (Reuters) – Croatia will appeal against UEFA’s decision ordering them to play their Euro 2016 qualifier at home to Italy behind closed doors in June after crowd trouble last month, the national FA (HNS) president Davor Suker said on Thursday.

“We will appeal to UEFA. We’re simply devastated by this decision. This is a huge (financial) loss for us, for our tourism, for promotion of Croatia,” Suker said after a meeting of the HNS held outside the capital.

Apr 9, 2015

Soccer-Croatia to appeal against fan ban for Italy qualifier

ZAGREB, April 9 (Reuters) – Croatia will appeal against UEFA’s decision ordering them to play their Euro 2016 qualifier at home to Italy behind closed doors in June after crowd trouble last month, the national FA (HNS) president Davor Suker said on Thursday.

“We will appeal to UEFA. We’re simply devastated by this decision. This is a huge (financial) loss for us, for our tourism, for promotion of Croatia,” Suker said after a meeting of the HNS held outside the capital.

Mar 31, 2015

Croatian franc loan holders threaten mass protests

ZAGREB, March 31 (Reuters) – Croatians with Swiss franc
loans have announced mass protests from April after their group
quit talks with the finance ministry and the central bank over
how to deal with the franc’s surge in value.

About 60,000 Croatians hold loans in Swiss francs, mainly
taken out during the 2000s when many in Central and Eastern
Europe were attracted by low Swiss interest rates. Since then a
strong franc has driven the loans’ costs sharply higher and
governments across the region have been grappling for solutions.

Mar 13, 2015

Croatia abandons tender to lease motorways, eyes local funds

ZAGREB, March 13 (Reuters) – Croatia has abandoned a tender
to lease the operation of its motorways to foreign companies and
will instead offer motorway shares to local pension funds and
citizens, Prime Minister Zoran Milanovic said on Friday.

Addressing a conference of exporters outside the capital,
Milanovic said there was a lot of resistance in the newest
European Union member to leasing out motorways, with opponents
calling it selling off the family silver.

Feb 27, 2015

School maths answers only a scan away with Croatian app

ZAGREB, Feb 27 (Reuters) – Damir Sabol, Croatian computer
expert and entrepreneur, was helping his son with his maths
homework when he had an idea.

“I found it a bit tedious, all those additions and
multiplications, so I reckoned, ‘We already have intelligent
software, why not make it deal with maths?’” Sabol said.

Jan 27, 2015

Croatia mulls long-term lease deal for Swiss franc home loans

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
on Tuesday.

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).

Jan 23, 2015

Swiss stability proves bad bet for some European homeowners

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.”

    • About Zoran

      "Based in Zagreb, Croatia, I oversee the political and financial coverage of Croatia and Slovenia and help coordinate regional efforts in the Western Balkans, comprising Albania, Bosnia, Macedonia, Montenegro, Kosovo and Serbia. Have been with Reuters since 1993."
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