Business

Can Croatian Economy Manage with Current Speed of Coronavirus Spread?

By 13 November 2020

As Poslovni Dnevnik writes on the 12th of November, 2020, more than 12,000 Croatian employers, employing around 60,000 workers, have so far applied for the Croatian Government's economic measures to preserve jobs, and those numbers are expected to grow, Labour Minister Josip Aladrovic said recently. Just how long can the Croatian economy survive with this ''tempo'' of coronavirus spread?

The Croatian Employment Service (CES) has so far received requests for the use of money from the government's package of measures, which is in force until the end of the year for, as stated, more than 60,000 workers and 12,000 employers, Aladrovic said after a cabinet session.

These figures refer to grants for the month of October, which will continue being received until the 25th of November. He added that he "expects an influx of requests according to the planned figures" and announced the probable continuation of aid measures until after the new year.

However, given the concerning epidemiological situation regarding the speed of coronavirus spread across the country, he expects that the number of beneficiaries of government measures will be slightly higher than expected and planned, but points out that enough money has been provided in the state budget revision and that it is estimated that a certain amount should be provided in next year's budget on top of that.

"In this way, the government will help employers and employees by the end of the year, and most likely after that, in order to preserve jobs," Aladrovic said.

"As things currently stand, we're quite convinced that next year we'll have to still have certain measures in place in order to protect employment and jobs," he added. He also noted that the measures of the government from March "preserved the labour market" and he expects that it will be the same in the future.

Asked how long Croatia can withstand this rate of coronavirus spread economically, Minister Josip Aladrovic answered that it can certainly endure the situation until the end of this year, and into the beginning of next year too.

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