September the 7th, 2021 - The country's many exporters are set to have life made that bit easier for them with Croatian Schengen entry on the horizon, further aided by the country finally entering the Eurozone.
As Poslovni Dnevnik/Darko Bicak writes, Minister of Economy and Sustainable Development Tomislav Coric recently said that for small and open economies, such as that boasted Croatia, exports are a prerequisite for development and survival.
"The country's GDP has been growing for years now, and of late, exports have been one of the main factors when it comes to economic growth and economic recovery. Exports recorded very good results even during pandemic-dominated 2020. This year, we've been recording a large recovery in terms of exports with 60 billion kuna, which is 11 billion kuna more than in pre-crisis 2019,'' said Coric.
He added that we must be careful in this analysis of the growth of the value of Croatian exports, because part of it is related to global inflation.
Minister Coric also pointed out that the achieved results are due to about 20,000 Croatian exporters who are the largest employers in the country, who also generate the largest share of total income and investments. He stated that both EU and national funds are a major source of funding for innovation and competitiveness of the domestic economy in the wake of the Green Plan.
"I'm aware of the challenges that Croatian exporters have been facing for years, and the Government is making great efforts to overcome bureaucratic obstacles for Croatian businessmen, and especially exporters, for greater growth and exports. By joining the Eurozone in two years, we'll take an additional step forward in eliminating exchange rate risks faced by Croatian entrepreneurs when doing business on our most important market - the single market.
In addition to the above, Croatian Schengen entry will be a benefit for all of the country's exporters because it will simplify and speed up mobility,'' concluded Minister Coric.
For more on Croatian Schengen and Eurozone entry, make sure to follow our politics section.
